Answers from Mike Garofalo, Professional Loss Adjusters
And a Mediator in the Housing Court
Mike G. – “It’s the property of the Tenant and they should have Renters Insurance.”
Mediator – “The Tenant may sue you for damages and the Court may rule that you pay.”
Mike G. – “Again, Renters Insurance. Also a Tenant can not be held responsible for accidental damage in Massachusetts!”
Mediator – “Again, they may sue you for damages.”
Mediator – “You must file a Civil Complaint in the Housing Court with the Death Certificate and once a Judge rules you can remove and store the contents.”
Carson Says HUD will Reinterpret Obama Fair Housing Rule
HousingWire is reporting that HUD will be reinterpreting a controversial fair housing rule promulgated by the Obama administration in 2015 that requires cities & towns receiving federal funding to research local housing patterns for racial bias and design a plan to address any measurable biases.
Abodo’s 2017 America’s Rental Market in Review
How did the rental market fair in 2017? ABODO’s recently released Annual Rent Report breaks the market down and shows where prices increased, decreased and what trends emerged. They also drill down into the most and least expensive markets and what to expect in 2018.
Trulia’s Hottest Real Estate Markets to Watch in ’18
Heading into 2018 Trulia looked at the 100 most populated metros across the U.S. using five key metrics to come up with the top 10 hottest housing markets they believe are positioned for growth.
Tenants Have Frozen Pipes Do I Have to Pay to Fix?
Dear Landlord Hank: Tenants Have Frozen Pipes Do I Have To Pay To Fix? If a tenant has frozen pipes and calls the landlord or property manager to come fix the issue, who is supposed to pay for the maintenance? See below * for more.
United Van Lines: Americans are Moving Westward
In their 41st annual National Movers study, United Van Lines says Americans are moving West while the Northeast and Midwest continue to lose population. They report that more residents left Illinois than any other state and that Vermont had the most inbound moves.
The Perfect Formula to Price Wholesale Deals
Podcast: On a recent issue of The Real Estate Investing Playbook, Jeff Watson and John Cochran discuss how to price your wholesale and “leave meat on the bone” for the next guy. They break down in detail how to properly price your wholesale deals so you get top dollar and you never give your deals away leaving money on the table for you.
Yardi: Multifamily Rents Up 2.5% in December
According to the latest Yardi Matrix, U.S. multifamily rents were flat in December coming in at $1,359, ending the year up 2.5%. That figure represents the smallest annual increase since 2010 which saw a decrease of 0.4%.
More Households Have Cellphones Only
Nowadays, who doesn’t have a mobile phone? Not only are they everywhere but recent data from the Centers for Disease Control and Prevention (presented by Statista) over the last couple years a majority of American households do not have a landline and only have a cell phone.
The Life of Martin Luther King
Infographic: Monday, January 15th, is Martin Luther King Day. In honor of the life & legacy of Dr. King we’ve presented this infographic about his life and impact on American history. See below ** for more.
*Dear Landlord Hank: Tenants Have Frozen Pipes Do I Have To Pay To Fix?
If a tenant has frozen pipes and calls the landlord or property manager to come fix the issue, who is supposed to pay for the maintenance? Each week veteran landlord and property manager Hank Rossi answers questions from other landlords and property managers around the country about their rentals. Here is this week’s question
Dear Landlord Hank:
We just had pipes freeze for the first time in one of our rentals this week. Tenants called to report, so I sent guy who handles our maintenance out to thaw the pipes, but who should pay for this maintenance call? Seems tenants should have been proactive but we had nothing in the lease saying so. Whose fault is this? How do you handle this issue?
Dear Landlady Eileen,
This is a tricky one.
I don’t know where your rental property is located. Do you have severe winters every year or is this a freezing weather unusual?
Are the tenants warm weather transplants that have no knowledge of cold weather problems or should they be expected to know how to handle these temps and effects on water and pipes?
Where did the freeze occur and could it have been avoided if tenants kept heat on and water dripping with cabinet doors open (so warm air can circulate more easily to pipes under sinks)?
Notes On Tenants’ Doors About Avoiding Frozen Pipes
We don’t have this situation occur in Florida but we do every winter in Georgia.
Make sure tenants are aware of freezing weather and put notes on doors with instructions to keep heat on, drip water and keep kitchen base cabinet and vanity cabinet door open.
I also go through those instructions with tenants upon move in.
I want them to understand that dripping the water doesn’t mean turning it on full force.
If tenants knew of potential freezing they should bear cost of frozen pipes
In my opinion, if tenants should have known of potential for freezing pipes and how to handle this situation and chose not to do so or did so inadequately, then they should bear the cost of repair.
**The Life of Martin Luther King
Monday, January 15th, is Martin Luther King Day. In honor of the life & legacy of Dr. King we’ve presented this infographic about his life and impact on American history. Happy Friday!