All Forum Posts by: Alyssa McDonald

Hi BP community!

Have others found resources in your state/city that have provided explicit guidelines for landlord responsibilities for keeping items up to code? 
I’m trying to plan for an older property that I’ll swap from my house hack to a LTR in the next few months. The house has a few (expensive) items not to code - things like the electrical box and radon mitigation system. I’m trying to figure out where to find a source of truth for legal requirements as a landlord to update these type of items and on what timeline I’m potentially obligated to do so.

I’ve talked to some who have said generically that if the items were in code when the house was built, I have no legal obligation to make the updates before tenants move in. 
Curious if others have experience with this or can point to any helpful reference materials.

Thanks everyone!

Alyssa

Hi all - new to the BP community here!

I’m currently house hacking and have a long term rental in Colorado and houses in my county were re-assessed using data from 6/1/20 through 6/30/22 when prices were at their peak. My property values went up about $200k, and there was about a 38% increase in property taxes in my county.

I’ve talked to others in my area who advised appealing the new value with other comps in the area (others have found houses were/are selling for less than the assessed values). Have others done this/do you think there is value in doing so? Interested to hear if appeals have even been successful for others or not worth the effort.

Thanks in advance for any insight.

Alyssa