28 June 2024 | 13 replies
Tenant also agrees to the following:-All drains, waste pipes, and plumbing are accepted as clear by Tenant at the time of occupancy, and any material blocking them after occupancy shall be repaired at Landlord’s cost, unless determined by repair person that such blockage occurred during the time Tenant controlled the Premises and due to some fault or negligence of Tenant, specifically excluding blockages caused by roots or backups from the street.
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25 June 2024 | 15 replies
In CA, generally, if a tenants dog gets out and attacks a person or pet by way of landlord negligence, like through a broken window or faulty door, then you the landlord could be held liable.
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27 June 2024 | 37 replies
Is your property being damaged through negligence or willful destruction?
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23 June 2024 | 105 replies
A plaintiff may always attempt to pierce the corporate veil by holding you personally responsible by theories as negligence or gross negligence.
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23 June 2024 | 38 replies
Failure to mitigate/owner negligence might impact the total of what the insurance company will pay out.
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21 June 2024 | 10 replies
Relieves the landlord from liability for property damage or personal injuries caused by the landlord's negligent acts or omissions.To put it simply, if the landlord causes damage or injury to a tenant then the landlord will be responsible for it.
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21 June 2024 | 11 replies
If the disposal broke due to negligent use, you can charge the tenant for replacement unless it lasted longer than it was expected to.
19 June 2024 | 3 replies
I would be giving up the parking business but that would be negligible.
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25 June 2024 | 125 replies
I dont agree with this thought process never have never will.. its all situational.. or as they say in RE location location location.in markets with slow to historic negligible appreciation sure it does not take a rocket scientist to run the math that if your negative cash flow and the house is not going up its not the greatest investment your value play there is tenant is paying off the majority of the property and your getting some tax bene's if its not bare land.If we used this thought process IE the only good deals are ones that are positive cash flow day one with max leverage 80% loans then as @Russell Brazil states no one would invest in the majority of the east cost and West coast and well Denver and other select cities.. everyone would be in the Rust belt and mid west or deep south in C class properties. wealth is created for most investors with appreciation full stop.. because most investors cant buy enough property or doors to make a difference when cash flow is 200.00 a month your not going to retire on that. your going to retire on paid for nicely appreciated property.
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18 June 2024 | 9 replies
The excuse I am always given is that out of state landlords tend to be negligent and want someone local they can hold accountable.