Reply to Hot water system broken in rental property. Will take a week to repair.

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Reply to "Hot water system broken in rental property. Will take a week to repair."

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[quote=Anonymous][quote=Anonymous]
I don't know about hot water, but the landlord has to provide heat. He can buy a bunch of portable electric heaters if he wants, but he has to provide heat if the temperature goes down to some amount.

[b]As a landlord, you ARE the hotel. Your tenants are paying you by the month for a service. This means they don't have to pay you AND a hotel if you can't provide the legally mandated minimum amount. Your homeowner's insurance will likely cover this, but then your rates will go up. 
[/b]
Yes, this is very expensive. In the end, you will be out the cost of the repair and some additional cost to get the tenant the service they contracted for with you. But, when all is said and done, you still have your investment property, and the tenant just has a place to live. Presumably the reason you are a landlord is because you believe it makes sense to invest in real estate.

It is very, very difficult to make any money, or even break even, with a single rental property unless you can do A LOT of work yourself.[/quote]

This, million times.  A lot of a$$hole landlords posted above, can't believe they are able to do this. Tenants should ask for previous tenants' contact info for referrals before signing rental agreements. If landlord doesn't want to provide former tenants' contact info - that says a lot.[/quote]

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