All Forum Posts by: Chetan P.

Quote from @Conner Olsen:

Quote from @Chetan P.:

Hello - Folks I am remote property owner of SFH in Austin area. I own a home relatively new (5 years) and there was a major leak in the house that I had to get fixed and a lot of restoration work is needed. I believe insurance is going to cover it but plumber wants to do a hydrostatic test. But they are asking for whopping $1800 which seems insane. A little bit of research online seems to indicate it should not cost more than $500. I wanted to check if this is something I can hire someone else independently but then I worry that current plumber wont guarantee their service. Please advise what my options are. Plumber is suggesting to get it done before the restoration work.

 I have an inspector that quoted me for $350 yesterday to do one (depends on the size of house though).

 Thanks Conner!

Quote from @Alex Wesling:

Insurance claims always get the crazy up charges for regular service inspections.  Can likely call any HVAC company and get a quote over the phone for sq ft of house.  Don’t mention it’s through insurance just that you are asking for the test to be done. Check reviews of the providers you are calling to ensure you have a quality company providing the service. Cheapest isn’t always the best option

Thank you Alex!

Hello - Folks I am remote property owner of SFH in Austin area. I own a home relatively new (5 years) and there was a major leak in the house that I had to get fixed and a lot of restoration work is needed. I believe insurance is going to cover it but plumber wants to do a hydrostatic test. But they are asking for whopping $1800 which seems insane. A little bit of research online seems to indicate it should not cost more than $500. I wanted to check if this is something I can hire someone else independently but then I worry that current plumber wont guarantee their service. Please advise what my options are. Plumber is suggesting to get it done before the restoration work.

Thanks Drew! That was my understanding as well.

Hello Folks, Can I sell a rental property and do a 1031 exchange into existing rental properties assuming the value of the investments remain the same. Thanks Chetan

Hi There, I am in Renton as well. I recently bought a short sale in New Tampa area. PM me and we can chat or meet-up. Thanks Chetan Parmar

Thanks Alfredo!

Thanks Kim!

Hello Folks, I am trying to rent a SFR, 3BR, @1900 in New Tampa Live Oaks neighborhood. I am doing it remote via a property manager and having a hard time finding prospects. I bought this via a short sale so could not time it plus the hurricane threw some uncertainty as well. Any advice on how to handle this situation? The ad is published to multiple listing services including Craigslist but so far no good leads. Any advice is appreciated. I am going to reduce the rent to see what it attracts. Thanks in advance! Thanks Chetan P.

Thanks Wayne Brooks & Brandon M.!