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2 October 2024 | 25 replies
We have a dozen or so properties there, that are without water indefinitely, perhaps as long as month.Of course, that's small change compared to the utter destruction and loss of life.
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2 October 2024 | 9 replies
I’m moving out of the house soon and will be living rent-free with my wife at my parents' place in the Bay Area due to some recent life changes.Here’s a breakdown of my situation:Location: Sacramento, CA (4 bed, 2 bath, recently renovated)Current mortgage payment: $3,940/month (including escrow)Mortgage balance: $475,000Current home value: $515,000 - $535,000 (based on comps)Rental estimate: Property management companies are quoting $2,600/month (with fridge/washer/dryer included), but some websites suggest it could go for up to $3,000/month.Planned budget:$540/month for capital expenditures and maintenance$100/month for lawn careTenant to cover utilities (gas, electricity, water)7.5% vacancy rateWe bought the house thinking it would be our forever home, but with our current situation, I’m trying to figure out the best long-term plan.
2 October 2024 | 10 replies
FEMA rental Assistance covers the cost of monthly rent and essential utilities, gas, electric, water, trash, and sewer.
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6 October 2024 | 36 replies
I tried to estimate 20% higher on repair costs since i do not have a wealth of experience estimating yet, there is some minor water damage, and some heating and electrical that needs to be replaced, which is where most of the expense came from.
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27 September 2024 | 14 replies
I'm used to multifamilies where each unit has its own water heater and furnace.
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30 September 2024 | 4 replies
We also try not to install fridges with water dispensers or ice makers but if we do, we put in our rental agreement that tenant is responsible for any repair to water/ice makers.
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1 October 2024 | 2 replies
The onsite-manager’s unit had a concrete floor which sometimes got wet from water coming over the sill in big storms.
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1 October 2024 | 2 replies
Plumbing is a great example - as an ex-plumber I'd take PEX over galvanized any day, and even over copper (at least the newer stuff) especially if you live where the water is somewhat acidic.
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1 October 2024 | 5 replies
Also there isn't as much appreciation in the area, it takes longer to evict (MUCH longer), and they have lien-able water and gas - so if someone skips out on the bill, it's on me as the property owner.My point is, high taxes are just one consideration but not an end all be all.
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1 October 2024 | 7 replies
I have water damage in one of my properties in MD, and the IA is playing hard ball.