Mohammed Islam
Seller trying to keep EMD, financing fell through.
1 January 2025 | 8 replies
Ordinarily those tenant vacated damages would be too remote, but it sounds like they were contemplated by both parties at the time of contract.Were I in this situation I would be looking to state law to determine if the EMD is truly the extent of my potential liability as a buyer.
Robert Williams
Tenant Request to Refund Pet Deposit for the Holidays —How Would You Handle This?
3 January 2025 | 12 replies
Normally, we would say no and wait until the end of the lease but due to the situation and hardships we would inspect for pets and pet damages.
Account Closed
L.A. Wildfires and Their Tax Implications for Affected Residents
9 January 2025 | 0 replies
The IRS disaster assistance page and hotline are key resources for those seeking guidance.One significant benefit for those who have experienced property damage is the potential to claim a casualty loss deduction.
Carl Rowles
Flooded House-Plz Help
29 December 2024 | 14 replies
Get a damage restoration company involved.
Salil Surendran
Converting from homeowner to landlord insurance policy
30 December 2024 | 11 replies
It the tenant causes a fire and damages my house and neighboring houses then their renter's insurance will conver all the costs.My HOA has insurance.
Dan Thomas
Airbnb claim process
4 January 2025 | 19 replies
Seems like you should not have to but showing they broke house rules leading to damage may help.
Carl Rowles
Insurance Coverage Question
27 December 2024 | 1 reply
We bought a home built in 1900, insurance water damage coverage is 10% of the dwelling limit.
Nicholas Stout
Landlord getting into section 8 rentals. Any Tips?
9 January 2025 | 17 replies
They are very likely to respond, but keep in mind you can't get dollars from a turnip.My experience is wear and damage are higher with some S8 tenants and not at all with others, just like regular tenants.
Ryan Daulton
Mid-term rental pricing
29 December 2024 | 16 replies
Hold your nerve and don't slash prices unless you're seeing some extended time without bookings.
Kurtis Sargent
First time remodeling project - Learned a lot
27 December 2024 | 0 replies
Here are a few lessons I learned during the renovation, many of which stemmed from the age of the house and unexpected hidden damages:1.Damaged Plumbing: Several plumbing pipes were ruptured or severely damaged, requiring replacement.2.Termite Infestation: I discovered termites, which led to additional costs for treatment and repairs.3.Rotted Wood: Significant sections of wood in the structure were rotted and had to be replaced.4.Lack of Insulation: There was no insulation in the att Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?