Fire - Advice from landlords?

When the work is completed make sure you have a mold inspector come out and do a test to clear the house before you sell it. The water damage following the fire can cause a liability for you and you want to make sure that the insurance company is covering it before they close your claim out.

Also take lots of before and after photos for the prospective buyers. When you tell them about the previous fire damage it will make it easier to show them where the damage was and how it was fixed.

Get LOTS of estimates. Each contractor will also help you think of issues you may not have considered. This is an ideal time to remodel - the insurance company will work with you. Just make sure this will not interfere with your rental loss benefit (if you have it).

Absolutely take the time to go down and look for yourself. get a few different estimates. if you want to have other work done just have that contracter give you a seperate price and let him do the work if you like the price he has gave you. Also check with your insurance company and ask about lost rent since the house cant be occupied during this time. My rental took two months to repair and my insurance company paid me the $900 for each month that my tenant wasnt able to reside there. GOOD LUCK

Its usual for the insurance company to want three quotes for the repairs. These three should be for the same work.

The insurance covers the cost of returning the building to its original condition. Improvements are at your expense but may be cheaper as part of the repair work. It would be a negotiation with the insurance company.

You also need to see the lease you had with your tenants about your liability to them , if any, because the property is no longer available to them.

FIRST STEP CALL A CLAIMS ADJUSTER: Get at Lease three estimates to repair the house the way you want it DONE have EVERYTHING DONE ALL AT ONCE. The proceeds from Insurance is NON TAX-able. The proceeds from the insurance will have to pay off all Liens (Mortgages and any other liens) if it is not used to repair the property.

DO A GOOD JOB: Re-Building, It will get you a good price for the property when you sell it. GOOD LUCK

purchase a cheap thermometer, then communicate on your close by council for suggestion on minimum standards in condo properties.... yet to be straightforward evidently such as you do have adequate, you only could paintings out the main economic thank you to apply it (if its storage warmers) and settle for that all people's heating expenditures have long previous for the time of the roof in this severe climate. you have probably additionally signed a settlement for the condo, meaning you have nicely-known that the centers offered ARE greater wholesome for purpose - so i do no longer incredibly think of you additionally could make any demands on your landlord, sorry. electric powered warmers are the main costly and inefficient thank you to maintain heat. check out getting your self a Calor gasoline heater - you are able to p.c.. them up 2d hand, they kick out a super sort of warmth, and could shop you a fortune in electricity. only bear in concepts you're able to continually swap them off once you're out of the flat or drowsing.

First of all you should't be asking questions about your property and insurance etc. on the internet.

Why on earth would you rely on complete strangers giving amateur

opinions.

do you really need to ask if you should drive there to inspect the damage? Are you crazy or lazy?

Call you insurance agent and ask for help! Call your CPA!