All Forum Posts by: William Coet

Problem: Cat Urine soaked wood floors. First several attempts to remove odor with enzyme cleaner have failed. Noa more expensive product has been purchased.

All of this takes days to treat and wait for a result and order the new product (shipped cross country).

How should we handle this with the tenant demanding receipts within 14 days, when we have done everything to remediate the issue but it still has not been resolved?

We are doing our best to address this, but if the new odor removing product doesn't work it may require removal of wood flooring and possibly subfloor. It is unrealistic for us to have this done and know final costs within 14 days.

Thank you

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Can a tenant be sued SUCCESSFULLY for loss of income if they left behind damage that requires time and money to repair and prevents the apartment from being rented to new tenants?

This seems to be no different than if a customer went into a restaurant kitchen and damaged their equipment, thereby preventing the restaurant from earning income.

Thank you

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What to do: The 14 day time frame is unrealistic to a situation and I'm seeking input on what to do:

Tenant left cat urine soaked wood flooring. It will take us longer than 14 days to resolve and know the final cost. Tenant is referencing the 14 day requirement and requesting a list of cost.

It will take us longer than 14 days to have a contractor complete the work and provide a bill.

Can we provide an estimate and deduct from the deposit based on that?

Thank you.

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Quote from @Steve Tucker:

Quote from @Grace G.:

@Steve Tucker, thanks for your reply. I have done one prior bid but it did not go far because the asking price for the property was too high. I am not sure what is meant by code, are you referring to after repair value? I searched for home builders on Houzz and also used referrals. I contacted 4 builders who all said they were happy to provide a quote but so far only one has done so. The plans are architectural drawings.

A few things:

- I asked about code/zoning bc of the size you noted. I like to work backwards and see what my maximum allowable envelope is then size down or up based on design and need.

- You can take your maximum allowable and see what a builder will charge to build from an architectural plan that is proportionately similar to the maximum allowable square footage then understand what their materials and labor ratio is - if you can. This can give you a base line of cost per square ft...

- Then turn around to them and ask them for a bid / quote for the exact project size and plan you actually want.

- From there you can have a better understanding of how to analyze a bid

- You can also consult with an estimator which should give you a nice breakdown of the cost to build from a market standpoint. You can then use this figure as your base/prime bid number that might be more sound to pitch and see* how close bids can align with that.

Where would an estimator be found?

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@Jerryll Noorden Can you explain what you are doing with the leads? Are you a wholesaler or doing flips?

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Quote from @David P.:

Saga is now over. She text me this morning if i made my decision yet. I told her I was drafting up the contract but asked her if she can show me her Chase statements on her phone app. I asked her that yesterday and she said she doesn't have the phone app and can only log onto her computer. This was her response. Anyways, not sure if i crossed the line here but I still wanted to verify if her income was legit. Anyone can edit PDF's nowadays or just change a name. I still don't get what her angle is in everything. If she was willing to hand over that much cash but not do a little extra effort/work by verifying her bank statements seems very off.

Many people don't have use phone apps.

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Quote from @Brian Liscio:

@William Coet

Can’t hurt to check your policy.

It’s most likely a dwelling policy. The way it happens might help…

I had a $2k water bill that was not covered from copper theft.

You believe they didn’t shut off the main first?

Wow, they were taking the copper pipes out and water was flowing?

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Quote from @Greg M.:

Every insurance policy is different, but I suspect they will not pay for it. The high bill was caused by a maintenance issue. If there were damage from the leak, I could see them paying, but this is just an added cost.

Definitely talk to the water company. I've had multiple water leaks and the water company reduced the bill to the normal monthly amount after I provided proof to them of the leak and repair.

I know that municipalities have forgiveness programs. Especially for supply line leaks when the water didn't go into the sewer. Some reduce it to the average bill amount, and have a limit to the number of times they will reduce a bill to once every two years. They also request proof of the repair. This sounds reasonable. It sounds like LA (where you are) does the same...

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None of the water went into the sewer. Crazy thing: The municipality has water leaks in their supply lines all of the time and sometimes they let them go for months! This is paid for by taxpayers. Then they try to charge a homeowner who has a leak in their supply line!

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The leak was caused by a hole in the water supply line. Does anybody know if homeowners insurance will cover the massive water bill (over 10k)?

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All Forum Posts by: William Coet

William Coet has started 207 posts and replied 570 times.

Post: Scenario When 14 day Deposit Return Requirement Is Unrealistic.

Post: Suing Previous Tenant. Serious Damage. Cannot Rent Apartment.

Post: 14 Day Requirement to Return Security Deposit is Unrealistic!

Post: Pricing building costs for new home construction in Central NJ

Post: How would you invest $100k?

Post: Potential renter wants to pay full years rent up front ($54k)

Post: Massive Water Bill From Leak. Will Insurance Pay?

Post: Massive Water Bill From Leak. Will Insurance Pay?

Post: Massive Water Bill From Leak. Will Insurance Pay?

Post: Massive Water Bill From Leak. Will Insurance Pay?