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18 August 2024 | 12 replies
On another occasion I had them inspect the property after purchase and they informed me that due to the condition of the roof they were raising my deductible on any roof damage to $5K instead of the $2.5K for the rest of the property until I installed a new roof.
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18 August 2024 | 2 replies
Have a 1960s 30 unit single story motel where we are coming up on some end of life issues: the cast iron plumbing is disintegrating underneath bathrooms, radiators are starting to leak, electrical is in poor condition, and just today, discovered significant termite damage affecting multiple rooms.
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18 August 2024 | 5 replies
Did it lead to more damage to the furniture/property and end up lowering your ROI?
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17 August 2024 | 3 replies
Does Builders Risk cover any damage caused by an occupant prior to getting them evicted?
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21 August 2024 | 94 replies
You have to do lots of damage control in that buisness and be a strong negotiator.
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17 August 2024 | 10 replies
We use a spreadsheet to track any deductions for issues caused by tenant damage.
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17 August 2024 | 10 replies
A new tenant might not pay rent, need to be evicted, do damage etc. 2.
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18 August 2024 | 5 replies
We’ve had to replace two window sashes (tenant damage) over several years, and it was so easy to order and replace just by having Lowes order it by the actual number, was only like $125 each time.
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17 August 2024 | 4 replies
The damage is north of 150k.
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17 August 2024 | 1 reply
I received an insurance payout for a damaged roof on a rental property and the contractor doing the work is offering a discount for cash payment.