All Forum Posts by: Thai Tran

I am in the process of listing a rental property and during inspection, there were several items found including mold and water damage.  Would the best course of action be to remediate, repair, and list the property or try to sell it as is?  Thanks in advance.

Hello,

For one of my rental properties, the contractor that the property management used to get my property rent ready did a poor job with the work and some of the work in the scope of work didn't appear to have been completed.  I have been in contact with both the property manager and the contractors who doesn't seem to be taking responsibility.  The cost of work was about $3200. However, they are unwilling to give me back a refund on the work.

I was wondering what people have done in this situation with contractors.  Would filing a small claim court work.  My property is out of state so traveling out for any legal proceedings may not be ideal.  Thanks in advance.

Hello,

New to the forum.  After my tenants moved out of one of my rental properties located in the mid-west , I received rent ready estimates of $3000 and issues with potential water intrusion issues during heavy rains that requires significant  foundation and grading repairs to help redirect water as well as plumbing repairs such as a sump pump and pit installation estimated to be $10,0000.  Do these estimates seem reasonable?  Also, given that I purchased the property for roughly $100,000 two years ago and the property value has increase 10%, do you think a potential option would be to sell the property rather than to pay the repair costs. Thanks in advance.

-Thai