Hmm, I didn't think about that. I may have to file a claim and see what
they say. We do have a big $2k deductible I believe which I am sure if
you were paying somebody to completely fix it all would exceed that.
On 8/8/2020 6:31 PM, Karl Wittnebel wrote:
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 <mailto: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
<mailto: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 <mailto: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 <mailto: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
> >
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> >
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>
> >
>
>
> _______________________________________
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>
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>
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>
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