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Old 02-15-2016, 10:05 AM
 
8,781 posts, read 9,446,868 times
Reputation: 9548

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Quote:
Originally Posted by AZ Manager View Post
Flood insurance for a rental? That's not normal your renters insurance covers your belongings from casualty loss and flood insurance covers the structure in the event of a flood. You don't need to insure the structure. Your renter's policy should have been made to include flood if the policy was setup through a legit insurance company, the address has a mandatory requirement to include flood insurance no insurance company can issue a policy on the property without it. Unless you are one of those renters that doesn't bother with insurance in the first place, not a smart idea.
flood is not included in normal renters here.
"Flood" as in water damage caused by faulty pipes or back up IS covered, but It does not cover acts of God or nature or special condition.

Since this area is delacred a special zone it has its own set of stipulations attached to what is and is not "normal" water damage.

Quote:
Originally Posted by sware2cod View Post
When does your lease expire? Do you plan to get a new rental then? I suppose if you try to break the lease these folks will be extremely difficult to deal with.
At this point we are just delfated and have lost all motivation to do anything with these people.

The lease is one a year, so we will be looking when the time is right for new arrangements here.

Last edited by rego00123; 02-15-2016 at 10:18 AM..
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Old 02-20-2016, 03:08 PM
 
28,113 posts, read 63,642,682 times
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If nothing else it will have been a learning experience.

If you plan to stay in the area it will give you time to line up something better and to know it when you find it.

Don't remember... is buying a possibility to put the whole property managment business behind you?
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Old 02-21-2016, 12:28 AM
 
8,781 posts, read 9,446,868 times
Reputation: 9548
Quote:
Originally Posted by Ultrarunner View Post
If nothing else it will have been a learning experience.

If you plan to stay in the area it will give you time to line up something better and to know it when you find it.

Don't remember... is buying a possibility to put the whole property managment business behind you?
Yup, that's how I am choosing to look at it now

Buying isn't a possibility....unfortunately.

We have a home in Canada (that we own) where we live half our year and we rent the other half here in the states becuase of the nature of my business and how my travel schedule works

Unless we decide to ultimately relocate to the states we won't be looking to buy here.
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