All Forum Posts by: Otho Keller

@Mamadou Diallo

What part of Baltimore is the house in?

@Aisha Mackey Delpratt

Sub metering is easy, place them in and charge for water used.

@Lena S.

Install submeters for each unit and have the tenant pay for gallons of water used. May have to wait for a lease renewal or turnover to enact, but it will be a life saver in the long run.

@Tyler D'Alessandro

If it’s multi family put water meters in. Our town bills once a quarter, I read the meter and bill accordingly.

@Chase Gruening

My locale will only allow one city meter per property. I sub metered them, very easy if you can trace back the supply line for each unit. Then bill each tenant separately. Check with your permit office, I’m not allowed to touch plumbing, has to be a licensed plumber.

@Mandi Martinez

This happened to me last year. I asked for specific dates as to when the rest of the work would be finished. When he didn’t meet the deadline I canceled all contracts and moved on. It was a hassle at the time, but worth it in the end.

I have inherited a lease that was started in 2008 for a commercial property.  It is getting to ready to be turned over, but I am not sure how to calculate the interest.  I did some light internet searching, and the MD real estate law website is saying it should be 3% up until 2015 then switch to 1.5%.  That seems a bit high to me, anyone have a comment one that and a good calculator I could use ?

Thanks,

OJ

Quick background, my father passed and the property is in the Estate now. We are in MD and are having record lows. Long story short a pipe burst causing flooding in a store front downstairs. Our insurance is coving the building damage, but who would cover the tenant merchandise damage? The tenant said he does not have insurance because this same issue happened in 2011 and 2015, but I am unaware of it, and cannot verify his claims. So he has been operating his business without insurance for the past few years. He is threatening legal action, and I was wondering if anyone has experienced this before and how it may have turned out? Thanks in advance.