So my mom rents a 1 bedroom of a 6 unit building.She is on the ground floor.My mom is older so the size is manageable for her.3 days ago she calls me.Apparently the ceiling in the den in back is leaking.I go over to take a look.The leak is right in the center of the room above a ceiling fan.I immediately turn off the power for the breaker switch to the back.My mom calls the landlord and apparently the tenant upstairs washer implodes or leaks etc. and water is all over their floor.The landlord says he has stopped the leak but that it's 1 a.m. in the morning and he can't run the shop vac until the next day because of the other tenants.So over the last 3 days the landlord hasn't even came by my mom's apartment.I took digital pictures of the damage and we tarped the floor and furniture and have 2 buckets to catch the water.Even though the leak has stopped (according to him) it is still dripping slowly into the buckets.Half the ceiling I would say in the back about 3 4 by 8 sheets are sagging and some parts have fallen down and the insulation is exposed.I told my mom that the ceiling fan will have to come down,the electrical wiring inspected,the ceiling areas with damaged pulled down,and the insulation taken out.The area will have to dry and then put back insulation,drywall,new ceiling fan and finish.I am watching this guy like a hawk to make sure he doesn't rig it.This has happened in some of his other buildings with a pipe leak and he let it "dry" out and rigged it.The other tenants complained of being sick and having mold in the unit and moved out.This guy has another business and self manages about 20 units.I am concerned for my mothers safety.The last thing older people need is mold and mildew issues for their lungs.He will repair in the correct way.If he does not I will have no choice but to take to court as my mom's health is paramount.I ma hoping he will do the right thing as he has in the past.I can't get over the fact it's been 3 days since the incident and he still has not fixed it or checked the electrical.If this was my building I would handle it immediately.Just wanting to get others take on this and what you would do.The buildings are 20 years old but in a nice,safe area and my mom likes her neighbors.

Ron is into "continuity" (meaning recurring monthly fee's in his pocket) so you are flooded with offers, emails and news letters.

I don't want to be on the 5 o'clock news.

I saw a news that someone selling a house that doesnt belong to him.

The good news is though that we as investors will be well prepared with knowing exactly how to take advantage of both the upside and the downside of things like this ya know.

And retail price = bad news.

:D The good news is that while the buyers do their DD on the property Chris mentioned (which is actually a 32 unit), they have another 32 unit they want to refinance.Another thank you to Loc for pointing this thread out to me, and also to Chris Clothier for putting me in touch with the seller/buyer.

I was ready to give the usual 20%, just a day or two before the closing they call me to tell me the good news...

I have seen this in the news in a few different places.

Now as more people rent, and fewer own, this want to know "how much its worth" will go down, and when the housing market isn't one of the top news items, will it still attract the same amount today?