All Forum Posts by: Eric Hathway

is it ever the legal obligation of the owner to provide replacement housing when the property is damaged. My property flooded today (sewer backup) and my tenant is demanding I put her in a hotel. Can I get sued? Is it my responsibility?  Her lease doesn't say anything about uninhabitable conditions. 

I just took ownership of the property 3 mo ago and the lease from the previous owner is still in place. It was a tenant that stayed on during the transfer of ownership and the lease does not state anything about if the property becomes unihabitable.

Any help? I'm in a bad situation here and could really use something.

her renters insurance is telling her they only cover replacement belongings? I paid for a hole for tonight,  but this isn't going to be resolved for a month due to repairs. Is she my responsibility as the building owner?

One of my rentals flooded today. It appears to be a backup in the city pipes in the street and the workers are working on it. No blockage was found in my sewer lines. My tenant has sewer water in her entire unit and cannot stay there. Do I have to provide a hotel or is she on her own? Urgent, please help. ServePro has refused to come out because they don;t think my insurance will ever pay them because it is a city water dept problem.

Thank you both. I guess it just takes some good shopping around. I will still need 6 months of PITI though, no?

Thank you both. I guess it just takes some good shopping around.

In a few years I would like to sell my current primary residence and upgrade to a larger home as my family grows. The problem I see is that I have 5 mortgages already with my investment properties. The 5th one I had to do commercial because I already had 4 residential. How can I sell my primary residence and buy another house with a residential mortgage. I would like to keep my primary residential for 30 years and fixed rate.

Will I just have to save up enough PITI reserves and keep my credit good? Can I replace one residential mortgage with another eventhough selling my home would still leave me with 4 total mortgages?

My 5th property was bought with a commercial loan with a separate tx ID under my LLC but I am still the guarantor.

Thank you for all the great answers. I have decided to reject the tenant with the dog. Thanks for the help.

I just bought a 3 family home and need to fill 2 of the units. I have one applicant with 4 children and an applicant for the other vacant unit with a black lab.

There is a fenced in yard all tenants would share.

What do I need to consider, ask, put in the lease agreements?  What is the owner of the property liable for?

Hey Josh Cordle,

What ended up happening with this property? I am in a similar situation with a 3 unit in Manchester, NH. What did you learn?