I have some rental property and I got the call no land lord wants







FIRE!!!!!!!!!!!!!!!!




Tennants left the stove on



The whole appt floor looks like this.




I'll fill you guys in when i know more
Nick

That sucks man.

I hope you don't get any hassles from the insurance company.

yeah, insurance will be a good thing. I am sure you have insurance for rental property!
I hope no one got hurt. and if they didnt, slap them upside the head...at least once.

Update?  although you probably won't know anything until at LEAST Tuesday.

Wow! sorry dude. Your insur covers it, right.  Whats your loss as far as rental payments?
will the tenents be responsible for their monthly payments?

Man that sucks.

Give us an update.

ok this is my frist go around with property ownnership. So the place needed some work (mostly with electical) witch I was knocking out over time.


But....... with the fire the electical company took my power meaters and I prob wont be able to get power back until all work is done. 1st estimate was $25,000.

on a good note appt. 4 still has power so i can still get rent from that. And the appt that the fire started in will be brought up to code on the insurance company dime with lost rent comp.

Hopefully I'll have some good news by the end of the week.

As for the tennants rents.......... One refuses to pay for the month of dec. Even though the fire happened on the 27th so she is getting evected. The family that lost their appt also lost everything they owned (No matter how much I preach about renters insurance they never thought it could happen to them). So they moved out and I'll prob never hear from them again.

appt 4 is 75 feet from the main bldg and still has power so i still have something. but I lost 3 tennants and 2 monthly rent checks.

Man... I just signed over my old house to a renter... He's a buddy of mine but you still just scared me...

Just make shure that he isnt trashing your place. I like to drop by once a week, and make shure you have good homeowners insurance. Its a good feeling when your standing in a smoldering kitchen to hear the fire marshal telling saying "Oh man you have ALFA, you dont have anything to worry about".

Make shure that you know what you can expect if something does go wrong. Luckly for me the rent from the appt that got damaged will be covered under my policy.

And find a good handyman.

I'm glad to hear that you have some good news from all this.

I hope it didn't spoil New Years too much for you.

My insurance agent is pretty good to me... Probably because he know's I'm an agent too. Just the company I work for is strictly auto. Although he hasn't sent me all the stuff for the policy yet.