Managing Your Property

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Hank Redmond Jr
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comp due to water issues

Hank Redmond Jr
Posted May 27 2023, 00:41

water pipe ruptured huge mess tenant had to stay with relative for a few days and our manager promised unspecified compensation for tenants troubles. Decent tenant we have no prob issuing a comp credit to their rent payments but how much is fair? Rent is $800 per month on this particular smaller unit. Thanks

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Chris Seveney#3 All Forums Contributor
  • Investor
  • Northern Virginia
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Chris Seveney#3 All Forums Contributor
  • Investor
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Replied May 27 2023, 05:38

@Hank Redmond Jr

Why are you comping them? They should have renters insurance and you have insurance for damage