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All Forum Posts by: Ray Os

Ray Os has started 4 posts and replied 6 times.

I bought an office unit few years ago, and every year when we get large rain storm, i have water leaking into this office floor. It coming through the foundations so it is the HOA responsibility, i had to chase them for a year until they sent someone to put some liquid concrete and foam in the cracks between floor and walls outside last October.

It hold all winter (as far as i can tell because it can leak under the carpet and be unnoticeable)

This morning i got a call that it happened again, water leaked half way through floor (carpet is wet up to 6 feet away from the wall/leaking source)

What can i do to force the HOA to fix this issue for good, I assume it there need to be redesign of the guttering system, reinforce retaining walls and seal building foundations.

Also, because it takes a while to get a hold of them, I need to lose work vacuuming the water out of the unit, and the office is hard to work from for few days after due to big and loud fans on all the time. can I charge the HOA for these loses, or at least threat them I will withhold payments until it is completely fixed forever and not just a quick bandage fix.

Thank you for your help and advise! 

Quote from @Nathan Brown:

However, you can stay ahead of this eventuality by stipulating an early termination fee. I go with 2x the rent amount in my lease and it's due in full before move out. As it's not called or considered rent, it doesn't interfere with their continued obligation to pay the rent until you re-lease it. 

Thank you, that is a great idea, can you share with me the clause you are using for this termination fee in your lease? 

Hi all, my mountain rental house seems to attract mostly prospects who looking to move to the mountains from the city, most of the inquiries we get are "I sold my house and need rental until we find a new one" "we want to rent for a year to see if we like it there" "looking for rental until we find a home to buy" like 90% of the people who interested in this rental have one of these 3 stories. Usually these are people have money so the nice thing about it is that they have no problem to pay on time. 

Our current tenant is breaking their lease because they purchased a house. we are happy for them, but don't want this to keep happening. 

by Colorado law, we must allow them to break the lease and they are on the hook to pay rent until we find a replacement, and we must make active effort to find a replacement. this house is far in the mountains so finding a replacement is really inconvenient. 

During screening they will say they will finish their term, but if they don't, I really have nothing to do again it. 

My question: Is there a way to "force" the next tenant to finish their lease term? is it possible to add a clause in the lease agreement that will help in this case or Colorado law will overrule it anyway? other way to do that? 

Any advice, experience share or opinion in this issue will appreciated. 

Thanks 

Post: Help - Renter do not pay bills on time

Ray OsPosted
  • Posts 6
  • Votes 1

Hi, we had a new renter move in May 2022, they did not change the bills to their names for few months at the beginning, after many calls and text messages they finally took the water and electricity bills to their names. they paid us back for the bills we already paid. but the problems still continue as they don't pay their water bill now, we just got a letter from the water company that they are 3 month due (ever since they change the name)

The water bill now on their name but it is attached to the address so if they accumulate charges the city may place a lien on the property.

How can I resolve that? should I pay it myself and try to get the money from them?

Thank you for the advise!

Quote from @Todd Rasmussen:

@Ray Os

First, I would be amazed if your insurance company didn't deny due to negligence. Why wasn't the hottub set to heat at a temperature just above freezing? Why wasn't the hot tub drained or otherwise protected in the face of freezing weather? Not trying to beat you up, I just think those are the questions your insurance company will ask.

Thank you for your answer, The hot tub froze after a big storm we had, the high winds blow out the cover and the power was out for a while so there was no heating for almost full night. 

I will take your advice not to take advice from my hot tub manufacturer LOL, and will call my insurance broker. 

Hi everyone, the hot tub in our primary residence froze and pipe burst, manufacturer came to check it and said it is beyond fixing. He also said my homeowner insurance will cover for it if I call them. 

I have 2 questions about that (okay maybe 3) : 

1. will claim as such will increase my premium next year? if yes, how much do you estimate it may go up?

2. Can this claim effects my rental properties premiums? 

I know this is not a lot of money claim, a new hot tub like we had is probably about 12K we can live without it, but it is a nice addon to our property incase we want to sell it soon. 

Thank you for your time and answers!