Maciej G.
Tenant threatens to sue me for $20 000
15 September 2024 | 61 replies
You weren't negligent.
Summer B.
Tenant Water Bill Increased
14 September 2024 | 19 replies
@Summer Burke I would offer to cover the difference (as you mentioned) and then pursue recovering that amount plus any related costs from the contractor, via negligence claim if necessary.
Patricia Andriolo-Bull
VRBOs new Terms of Service
12 September 2024 | 17 replies
I used to be 75% VRBO, 10% Airbnb, the rest direct or Booking.com (negligible).
Stefan D.
Anyone have experience with Home365?
18 September 2024 | 67 replies
I had to find out on my own that my account was closed, they placed 3 bad tenants back to back (in 1 years time), and for the past 5 months I've been dealing with a tenant that lived in the property for less than 24 hours and is suing me for $25k because of Home365's "technology" and negligence.
Amanda C.
Oil Stains in Driveway - normal wear and tear or deposit?
12 September 2024 | 7 replies
There could be negligence on your part for failing to maintain them.
Marc Brandon
Unbelievable Florida security deposit claim lawsuit!!!
18 September 2024 | 47 replies
If on your attorney, and they forgot to tell you, they should now defend you in the opposing law firm’s claim - for free, as it stems from their direct negligence.
Tim Silvers
Cast Iron Plumbing On Flip Property
14 September 2024 | 23 replies
The cost of materials is negligible, just a couple hundred bucks.
Neera Melwani
Insurance Coverage Issues w/ LLCs
11 September 2024 | 6 replies
For illustration purposes, you hire a snow removal company, they are ultimately negligent and don't perform the services they contracted and there is a slip and fall incident.
Andrew A.
Buy, Refurbish, AirBNB, Sell (in a foreign country)
10 September 2024 | 1 reply
Here’s the situation:Key Project Details:•Property Size (pre-renovation): 250 sq. meters (2500 sq. feet)•Purchase Price: 250,000 EUR (1,000 EUR/sq. meter)•Renovation Costs: 750 EUR/sq. meter (includes kitchen, appliances, quality furnishings)• Loan costs (during renovation and renting): 350 sq. meters (due to attic expansion)•Property Size (post-renovation): 350 sq. meters (due to attic expansion)•Post-Renovation Layout: 2 separate apartments•Airbnb Income (24 months): 2,500 EUR/month/apartment (= 5,000 EUR/month)• Other running costs: 600 EUR/month•Projected Sale Price (after 2-3 years): 850,000 EUR (approx. 2,500 EUR/sq. meter)•Closing Costs: Negligible in Tbilisi•Real Estate Agent’s Fee: Typically 3%, but negotiable based on who hires themFinancing Setup:•Property Purchase Financing: 100% bank financing at 5.9% interest (bank has even financed 150% to cover some renovation costs in the past)•Renovation Financing: Our friend is offering to finance 250,000 EUR in cash for the renovationsProposed Partnership Structure:•Work Involved (on our side): Full renovation (10-12 months to complete), furnishing, and property management through Airbnb until the sale (2-3 years)•Profit Split Proposal: 60% (us) / 40% (friend providing renovation financing)Questions for the Community:1.Does the proposed profit split (60/40) seem fair, given the work we would handle (renovation, furnishing, property management)?
Joseph Weisenbloom
How do you handle tenant AC costs?
10 September 2024 | 8 replies
Gently let them know that if they continue to use the HVAC in this manner and it causes the unit to fail, they will be responsible for replacing it due to negligence.