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All Forum Posts by: Tony Sepassi

Tony Sepassi has started 16 posts and replied 78 times.

Post: Tenant turns out to be from hell

Tony SepassiPosted
  • Investor
  • Reston, VA
  • Posts 85
  • Votes 6

Joel,

The properties get inspected every 6 months and it is mentioned in the lease as well.. The mold test that was done , the guy mentioned it could be mostly because of the air filter that has not been changed which could effect the test..

I'm willing to just charge him for the deductible and let it slide, I think he has figured out that I do not take it lightly and that any thing that needs to be fixed he needs to report it and not just assume it is a one time thing...

Post: Tenant turns out to be from hell

Tony SepassiPosted
  • Investor
  • Reston, VA
  • Posts 85
  • Votes 6

Thanks for the advise. He can pay the $500 deductible, as well pay for the laminated wood that sticking up out of place which was in the contract any damages to the wood he is responsible.

Post: Tenant turns out to be from hell

Tony SepassiPosted
  • Investor
  • Reston, VA
  • Posts 85
  • Votes 6

I have been thinking since the insurance paid for the damages I will just let it go. The only thing that concerns be is the mold test, hopefully it was the filter being dirty and it had nothing to do with the water damage.

Thanks!

Post: Tenant turns out to be from hell

Tony SepassiPosted
  • Investor
  • Reston, VA
  • Posts 85
  • Votes 6

Of course I would like to renew the lease with him but at the same time he needs to commit to his end of the contract. Had he reported the leak in the first place we didn't have to go through all this with the insurance companies.

The fact he think he is not responsible for the damages makes think why even have a contract in place then.

Post: Tenant turns out to be from hell

Tony SepassiPosted
  • Investor
  • Reston, VA
  • Posts 85
  • Votes 6

Hi Guys,

I have this tenant for the past 2 years, he always paid on time and he even put in laminated wood in my condo which he paid for. He has taken good care of the property, but about two months ago I get a call from the building manager that the carpet outside my condo in the hallway is wet and it seems the water is coming from my condo. We found out the dishwasher has been leaking and I found out that this has happened before and the tenant never notified my management. He clean it with a towel and thought it wasn't a big deal and now it happened again and it ruined the laminated floorings and damages the drywall too.

I had to get a restoration team to come in dry the place and one of the drywall has to be cut and replaced. Had a air scrubber in the condo then ran a mold test and it came back positive but they said it could be from the HVAC which the filter was 60% dirty and was not replaced and I also found out the tenant did not have renters insurance. In the contract it was clearly mentioned anything that needs to be fixed he needs to report to my management and he never reported the leak nor did ever replaced the filter or have renters insurance. My insurance paid for everything but I feel he needs to pay since he did not report the leak in the first place.



He wants to extend the lease when it is up but he feels he is not responsible for the damages to the condo. I'm planning to have air scrubbers in the unit again and then run another mold test to make sure everything is in the clear but he has not been returning my management call to setup a time to have air scrubbers in the condo.

I did talk to my real estate attorney he said since he has $4100 security deposit let him know this matter was not been resolved and when the lease is up to keep the security deposit.

At this point I'm also thinking if he is not going to cooperate should we start the eviction process or wait and see?

Thanks!

Post: New Member from Washington DC

Tony SepassiPosted
  • Investor
  • Reston, VA
  • Posts 85
  • Votes 6

Got it! Will look up the neighborhoods tonight.
Just read about the lead paint lawsuits in MD, crazy !

Originally posted by Jamaal Hunt:
Originally posted by Tony Sepassi:
What part of Baltimore is a good area that has potential?

I'm aiming more towards DC area Penn Quarters or H street corridor but the prices are high but I'm expecting fall back soon.

Everyone is going after the NE baltimore market. Reason being is it is a mixture of homeowners and long term renters. It doesnt hurt to hit the colleges too. Morgan, John Hopkins and Loyola. I like duplex/triplex which is why I brought up my point of small multifamily properties of 2-4.

However Reservoir Hill is supposed to make its comeback.
The city government is trying to revitalize Odonnell Heights (yuck) and the Remington area is getting some improvements over there. Especially since it is hot for the college market investor where JHU is walking distance.

From what I was told DC is too saturated right now but on the real the one thing that freaks me out about Baltimore or the state of MD is LEAD PAINT LAWSUITS sighes.

Post: New Member from Washington DC

Tony SepassiPosted
  • Investor
  • Reston, VA
  • Posts 85
  • Votes 6

What part of Baltimore is a good area that has potential?

I'm aiming more towards DC area Penn Quarters or H street corridor but the prices are high but I'm expecting fall back soon.

Post: New Member from Washington DC

Tony SepassiPosted
  • Investor
  • Reston, VA
  • Posts 85
  • Votes 6

Hi Guys,

I signed up on this site a while back but never had the chance to go through the forum. I saw this thread and I like to join the group as well.

I have several rental properties in Reston and Ashburn area and in MD but looking to invest in DC area. Bmore seems very affordable but I don't see any future in that city or maybe I'am wrong?

I'm currently living in Southern Califronia but will be moving back to DC in 3 weeks. I'am looking forward to a meetup.