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Multi-Family and Apartment Investing

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Joel Owens
  • Real Estate Broker
  • Canton, GA
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What would you do in this situation??

Joel Owens
  • Real Estate Broker
  • Canton, GA
ModeratorPosted Dec 3 2011, 09:18

A hypothetical:

4 unit building.

Tenant is in the process of being evicted from their unit but no Marshall date yet. Says they will be out by end of the week.

Tenant goes to PM on site and says water is coming down in Kitchen.Tenant knows where water cut off is but does nothing to shut it off.

Fire department comes over and power and water is shut off to the unit.Fire department says to check electrical to make sure it did not get wet.

Solution:

Tell tenant the unit is uninhabitable and they need to leave and locks will be changed today to secure the unit.Ask for a copy of their renters insurance policy.

If they do not leave call the Health Department and have them tell them they need to leave or call the Police and make them leave.

Fire department pushed the water out of the Kitchen.

Tenants owe rent for 2 months so would not move them to another unit.If they don't have renters insurance the leak and damage to any of their property is on them.

Your input................

Thanks

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