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22 January 2025 | 5 replies
The tenant understands that the property of the Tenant is not insured by the landlord for damage or loss of any kind (action of third party, fire, water, theft, vandalism, storm, heat or cold, electrical damage, pests, mold, accident, etc.), and the Landlord assumes no liability for such loss.
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23 January 2025 | 2 replies
of course the sale of hurricane damaged houses also confuses the issue (my house had no such damage but is only about 4 blocks from houses that did).
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14 February 2025 | 37 replies
Then the agent and seller are liable for any damages you have.
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20 February 2025 | 11 replies
This tied up the property in a legal battle between the seller, buyer, and lender for a long time and cost the seller $200-$250K in damages.
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5 February 2025 | 205 replies
It’s amazing the difference in damage within a short distance.
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29 January 2025 | 5 replies
In my experience tenants on the lower end of rent tend to cause more damage than higher price tenants.
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3 February 2025 | 15 replies
Focus on key areas first (like floors, walls, kitchen, or bathroom), which may help you handle the costs more gradually, even if it means moving in furniture or updating fixtures down the line.Also, since the tenant left it in rough shape, be sure to document all the damage (photos, receipts) in case you decide to pursue reimbursement through their security deposit or in court.
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19 February 2025 | 42 replies
His God complex and giant ego won't allow him to reflect on the damage he's done keep in mind if the SEC detects a serious issue and one that could harm investors right now they have the power to take emergency action and shut them down.
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20 January 2025 | 7 replies
Give her 30 days notice now, keep her security deposit, and send her a additional bill for damages to the unit in lieu of taking her to court for the damages.
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6 February 2025 | 9 replies
@Ming HuangRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?