All Forum Posts by: Josselyn Jorge
Josselyn Jorge has started 7 posts and replied 24 times.
Post: Rental Property in Brandon. To sell or not sell…
- Posts 24
- Votes 7
I’ll be closing on my new primary April. I have an investment condo in Brandon that I owe $102,000. I have an offer that would leave me with a profit of essentially $50,000. Would it be wise to sell this rental property right now? at the moment it brings in an additional $400 a month. However, I could use the profit from the sale for the new home. Just not sure what to anticipate with what the value could potentially be over the next 5 to 10 years if I hold the property instead .
Post: Water leak increased electric and water bill
- Posts 24
- Votes 7
Im not charging them for the repair of the plumbing. The HOA has covered that cost. However, the utilities are under their names and as a result of the leak both electric and water went up for the month. I can present it to the HOA but I'm wondering if the HOA has any obligation to help compensate the overages.
Post: Water leak increased electric and water bill
- Posts 24
- Votes 7
Recently my tenants had a water leak that was covered by the HOA due to it coming from under the slab. The HOA paid for the repiping and provided the bill so we can send to the after company for the increase in charge. However, due to the leak, the water heater kept trying to heat water constantly and the electric bill doubled. The tenants pay for the utilities. Is there anything we can do with the electric company? Is there something I should be doing as the landlord besides providing the tenant with the bill for the repaired plumbing?
Post: One month lease with stipulations
- Posts 24
- Votes 7
Particular situation here! Looking to create a 30-45 day lease for someone who owns another unit in my building. She’ll be doing repairs in her own unit and would like to stay in mine while that happens since my unit is on the first floor and she can’t take stairs. The trade off would be she won’t pay rent in my unit, which is currently up for sale. However, she’ll stage it and also complete the repairs for the flooring. I’ll provide the materials and her husband will change the flooring. He has worked on my Unit before and she used to manage it, which is why I’d be more comfortable in this type of situation. Regardless, I’d still like to get a month contract with these stipulations to make sure the bases are covered. Any suggestions?