3 May 2021 | 7 replies
You can get the PDFs here: https://www.biggerpockets.com/...As far as the maintenance, you should make it clear in the lease that if damage or wear and tear is determined to be due to misuse or overuse that it is the tenant's responsibility to pay for maintenance and/or replacement of hardware/fixtures.
16 August 2020 | 10 replies
None of the cables had the proper plates installed, just bare holes in wood paneling, cabinets and through the floor.I understand that the satellite/dish on poles are so the roof doesn’t get damaged.
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31 May 2020 | 40 replies
If it were me I would keep the security deposit and depending on the cost of the vandalism, I would sue for damages.
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28 December 2010 | 10 replies
I thought I was going to have a heart attack :-)The best thing I can tell you is to make sure you have “some†out in your contracts (i.e. subject to house inspections) or make the damages as low as possible (i.e. $100 deposits) Now with bank owned properties you need to put up $500 at a min.I typically purchased 3 - 4 houses per month (1-2 REO’s and 1-2 lease option cooperative assignments).
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23 August 2011 | 5 replies
One of my neighbors house was damaged by fire(no one was home thank God).
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9 February 2013 | 17 replies
Kids cause damage, and the liabaility... sheesh.
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27 February 2014 | 1 reply
Insurance is pretty standard …each occurrence 1M, general aggregate 2M, damage to rented premises 50K.
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7 July 2014 | 8 replies
There is a specific brand of kills primer that is specially made for fire damaged houses encapsulating and covering smoke smell.
19 April 2015 | 19 replies
Any damage to the rooms.... bill the county.
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27 June 2015 | 10 replies
However, our experience has been the tenant is more likely to bolt prematurely once they have been served notice.To start the eviction process (here a Notice to Vacate is served first) requires cause - missed rent, damage, disturbance complaints, police calls to unit, etc - and cannot simply be served/filed "in case" the tenant does not move at the end of her/his lease.Perhaps there is simply some loose terminology being communicated by the Vendor and s/he has simply served a Notice of Termination on the tenants.