All Forum Posts by: Peace Lily

Thank you very much for your recommendation. But you have to disclose this info at rental or resale. I would think that would be a turn off to potential renters or buyers, right? I would like my investment properties without this problem. If I end up buying this house, I would want to remove it. Wouldn’t that be better?

Hi BO members, I recently saw a multifamily house in a good neighborhood but it has asbestos on the siding. It will cost money for removal. I was just wondering if it is worth to go through this trouble of making the offer. Because I am not sure if there will be any other problem come after the asbestos. Please advise. Thank you!

Dear BP members,

The tenant rented my room with furnishing $850 (I bought the brand new basic furniture for her before she moved in). If the room was not furnishing, it would have been $800.  Originally her contract is only for 4 months.  One month after she moved in, she would like to extend the lease for another 5 months and she would like the rent to be at $800.  She asked me to give her the total price of the furniture  I bought so she will pay me off in one check payment. From then on, the rent will drop to $800.

Question: Does that mean the furniture will become hers OR she is just paying off the rent that would have been the furnishing cost, meaning that I still have the possess of the furniture?  What is the standard?

Thank you very much,

Ling

• @Steve McGovern What is C4K style? She is already talking about mold.  The water only came down from ceiling about not even 10 mins. And then we stopped the water right away.  We have used 3 fans to dry the ceiling for past 2 days. It will not have mold. We would love to mutually terminate the contract so she will not be a further problems till the end of 5/31 where her lease will end.   

@Tim Joyce Thanks for your advice.  The property is in CT.  That is what we will be doing. We will compensate downstairs tenants for her mattress although she was asking a few more items to be replaced (we don't know the price she had in mind yet). We wanted to see the number first before agreeing.  We will then address this incident caused by upstairs tenants and prepare a list of cost involved in this incident and let them know due to their negligence.     

@Marcia Maynard It was not a malfunction of the thermostat/heating system. When we were called about this incident, I called our handyman management right away then he arrived then shut off the main vault so water stopped gushing into the basement and the hall way. Then we walked around the upstairs and downstairs and immediately checked the thermostat. Upstairs There are 2 thermostats (one to control back of the apartment -- it showed 53F; one to control the front of the apartment - bedroom and bathroom - it showed OFF!!! That is how we identified the problem. We bought this well maintained house 6 months ago and had inspector check everything and it was all good. Yes, the plumber confirmed it was frozen pipes... 

@Andrew Syrios Thanks for your advice.  I agree. We have the clause on our lease: It is required to maintain the temperature at 50 degrees Fahrenheit at all times.

@Jimmy Klein Thanks for your advice.  We will provide some compensation for downstairs tenants and hope to get some recoup from upstairs tenants. But I have to agree with some other landlords about following the temperature requirements clearly written on the lease. Upstairs tenants clearly neglected this point.  

@Moshe Aharoni Thanks for your advice. I agree with some of your points, but we don't like to have any law suit going on... We just want to keep the matter as simple as possible. What we are looking at is it seems that only upstairs tenants need to go through their Renter's Insurance if they decide to since they have to pay for some damages they caused (they may choose not to depending on their deductible etc.)  As to downstairs tenants, they don't seem to go through their Renter's Insurance since their are not the ones who caused this incident.     

@Thomas S. Thanks for your advice. Both floor tenants have rental insurances.  As much as I agreed with your point about not offering the compensation to downstairs tenants, we already did which we just wanted this to go back to normal.  We can hopefully recoup some expenses from upstairs tenants. That will be another fight after then return from their vacation.  We cannot make the downstairs tenants wait because she is sleeping on the futon in the living room. The longer we wait, the longer she will blame us. We just have to end this...    

@Marcia Maynard Thank you very much for your advice.  We have those clauses in a simple phrase eg. It is required to maintain the temperature at 50 degrees Fahrenheit at all times.  I like yours which describes very through and in detail.  We will definitely add those on our lease next time.  Now we just have to get through the 1st floor tenants' complaints. We do feel that we we will compensate them for the mattress and rug cleaned and just get this over with it. Then, we will have 2nd floor tenants to pay for this damage when they return from their vacation.          

Russ Draper thanks for your advice! I know but it will become a battle everyday... we should offer her the compensation of the mattress and carpet cleaned( hopefully not partial rent that she was demanding for) then we will get some recoup back from the 2nd floor tenants (they all have renter’s insurance.) We were also thinking to offer her to move out if we mutually agree to terminate the contract.