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Results (10,000+)
Anna M. WHAT WOULD YOU DO? Mold:
3 December 2017 | 7 replies
The common advice seems to be, work at a fix before buying.Bring it to the seller in a tactful/reasonable way and just let them know that it’s a concern and I want to have it further evaluated prior to closing.I am hoping that they do not have a problem with it.Someone suggested threatening to walk and/or notifying bank of our suspicion and the fact that they will not let us inspect.I am trying to avoid any kind of antagonizing approach in the hopes that this can be resolved/mitigated without too much issue.I do like the property and not wanting to walk away, just want to figure out a way to resolve before I take ownership.For now, my summary action plan is to move forward with tactfully notifying the seller of my concern and desire to inspect, complete an inspection, mitigate or come up with a plan to mitigate and then also empower tenants to work with management at addressing mold by reporting any leaks in a timely manner to allow for prompt fix, as well as possibly suggesting they purchase damprid which I hear helps with moisture and making sure to pass on educational/informational material on indoor air quality.There is an indoor air quality guide that someone in a facebook group that I am part of suggested, which I intend to make as part of my lease addendums/guides for tenants.https://www.epa.gov/indoor-air-quality-iaqI do have a contractor lined up to address some regrading issues and also visible cracks which could be where the moisture is coming in through.The challenge is that mold is everywhere and I do not doubt, that we will find something, the key is to work together to “address/mitigate” vs. turning a blind eye which I suspect may have happened here.In the end, I like and appreciate all the comments.I think the comment that sums it up well is @ Clay Hartwig’s comment that the problem is not limited to just the tenants getting sick, the problem is also in working to mitigate moisture which could essentially kill the house.Thanks again to everyone that offered suggestions on what to do here.
Ronald Rohde Industrial Investment Outdoor Storage
13 March 2023 | 15 replies
I've thought about this on some land I own, but really don't want a bunch of oil leaking trucks parked there?
Michael Hague Can a landlord turn down rental assistance?
23 December 2023 | 3 replies
They are asking us to fill out a form so they can submit to get rental assistance and fuel assistance for the oil bill we uploaded.
Peter Fokas 4plex owner pays heat - how to factor in pricing
22 May 2013 | 2 replies
Heat is two units using oil.
Bob Lowry C-Corp Getting Loans
18 June 2013 | 10 replies
Essentially what you did in order to purchase the franchise using the C-corp funded by your 401k.
Russ Wiese Twin homes for investment rental property.
22 June 2013 | 4 replies
One thing you get is essentially 2 houses for the price of one.
Ian Handel Should I purchase this building?
18 September 2013 | 0 replies
They all rent for about 1000/month.My monthly PITI is 2800.00I add in my snow, building electric, oil on two of the units ($1200), water/sewer ($1200) etc and I come to a yearly expenses of 37,000.It will earn 48,000 in rent plus about 1500 in washer/dryer fees.So I have a cash flow of 12,500.
Alison M. Seller Stonewalling, Negotiating Suggestions?
29 September 2013 | 17 replies
They have to be motivated and building rapport from the moment you step in the door is essential.
Amira Kalifa My tenant wants to install Kiln in garage?
9 December 2015 | 9 replies
The Kiln is essentially a really hot oven to make pottery, ceramics..etc.
Brian Palosi Seattle Townhomes
29 March 2016 | 8 replies
Julian, that's essentially what I'm working on.