Typically homeowners covers water damage. The usaa guy told me it is their #1 claim. They even have water detectors you put under your floors that connect to the wifi and alert you to problems; they came out and gave us a bunch. File a claim and get it fixed.
On Sat, Aug 8, 2020, 2:00 PM Kaleb Striplin via Mercedes < mercedes@okiebenz.com> wrote: > What we get for rent each month covers the mortgage, insurance, taxes etc. > We have a lot of equity in it which is why we want to do the 3 year plan > then sell. > > Sent from my iPhone > > > On Aug 8, 2020, at 2:12 PM, Curt Raymond <curtlud...@yahoo.com> wrote: > > > > > > Get rid of the rental and use all the money you keep plowing into the > rental to pay down your current mortgage. The amount you're spending can't > possibly be offset by the rent you're getting or the equity you're > building... > > > > -Curt > > > > On Saturday, August 8, 2020, 2:56:36 PM EDT, Kaleb Striplin via Mercedes > <mercedes@okiebenz.com> wrote: > > > > > > The previous issue was from what appeared to me water intrusion from > around a window. > > > > As I started pulling up more tile the rot just kept going. I figured out > what the cause was. The renters did not have their washing machine > connected properly and water was constantly leaking behind it. I suspect it > might have been leaking down the wall at the washer connection. Entire > floor along that wall where washer sits is rotted out. Will have to remove > all the tile from the room and cut it out and replace. I did not go that > direction under the house so could have rotted floor joists as well. > > > > Also, plan is to sell the rental in about 3 years and take equity and > pay off/pay down our current house then refi what is left into a 10 year. > > > > Sent from my iPhone > > > > > On Aug 8, 2020, at 1:49 PM, Rick Knoble via Mercedes < > mercedes@okiebenz.com> wrote: > > > > > > Kaleb says: > > > > > >> Area is very moist and the crap particle board they >used for sub > flooring just soaked up the moisture. > > > > > > Didn't you have water issues from the roof or something a while back? > > > > > >> I’m sick of messing with this house and about >ready to just dump it > for whatever I can get or let >the bank have it. > > > > > > Sell it or sell your current house and move back in to this one.... > You could probably pay off where ever you want to live with the proceeds. > No house payments would go a long way to building a retirement or buying a > 201x E250. > > > > > > Rick > > > _______________________________________ > > > http://www.okiebenz.com > > > > > > To search list archives http://www.okiebenz.com/archive/ > > > > > > To Unsubscribe or change delivery options go to: > > > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > > > > > > > > > > _______________________________________ > > http://www.okiebenz.com > > > > To search list archives http://www.okiebenz.com/archive/ > > > > To Unsubscribe or change delivery options go to: > > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
