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Listen "024 - My rental caught on fire!!! What do I do?"
Episode Synopsis
Florida Tenant Says: Don't worry if the heater is out. I have this toaster and my magazines to keep me warm.
This weeks caller Wale from NY asks: how do I restore my rental property to be marketable after a fire
For next time: require your tenants to have rental insurance!
In your lease, you should have a provision for damage due to fire being the tenant's responsibility
There are disaster restoration specialist companies that can help, but they are expensive. ServPro is an example of one (we are NOT sponsored/recommending them though)
Once the structural issues are fixed, switched out for a regular contractor.
Congrats on your no longer rent-controlled apartment!
This week's episode is brought to you by DVD players. Available on eBay for like super cheap! Pick one up for your mountain cabin that doesn't have cable or internet today! https://www.google.com/search?q=google+ebay+dvd+player
This weeks caller Wale from NY asks: how do I restore my rental property to be marketable after a fire
For next time: require your tenants to have rental insurance!
In your lease, you should have a provision for damage due to fire being the tenant's responsibility
There are disaster restoration specialist companies that can help, but they are expensive. ServPro is an example of one (we are NOT sponsored/recommending them though)
Once the structural issues are fixed, switched out for a regular contractor.
Congrats on your no longer rent-controlled apartment!
This week's episode is brought to you by DVD players. Available on eBay for like super cheap! Pick one up for your mountain cabin that doesn't have cable or internet today! https://www.google.com/search?q=google+ebay+dvd+player
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064 - Tony's journey to FI through RE
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061 - John goes from Deal 1 to Deal 2
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