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Author Topic: $10 deductible for all repairs for tenants?  (Read 5428 times)

Offline molarband

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  • Posts: 44
$10 deductible for all repairs for tenants?
« on: July 13, 2005, 09:32:41 am »
I was thinking of adding this line into my rental contract for one of my rental properties I am about to rent out:

"There will be a $10 deductible for all maintenance repairs to the house"

What do you guys think? I do not want problem tenants that call 24/7 for every little tiny problem.

Offline mochilero

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  • Posts: 26
Re:$10 deductible for all repairs for tenants?
« Reply #1 on: July 13, 2005, 02:31:07 pm »
As long as it's legal (never know these days) I'm all for the idea. The only potential problem I see is if tenants don't tell you about problems that can get worse - and more expensive.

Offline deedeelynn

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  • Posts: 42
Re:$10 deductible for all repairs for tenants?
« Reply #2 on: July 16, 2005, 05:08:51 pm »
yeah, I can see where mochilero is coming from.
I went to look at a house a few weeks ago.  The previous tenants had a tub that leaked into the basement and never told the owner.  The basement was a smelly, wet, smelly, moldy, nasty mess because of this.  The drywall was all wet at the bottom and went up most of the wall.  It was disgusting!  :-X

Offline Dan732

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  • Posts: 367
Re:$10 deductible for all repairs for tenants?
« Reply #3 on: July 17, 2005, 10:33:31 am »
I would never try to discourage tenents from reporting repairs. You don't want them to not tell you about a small water leak that turns into a larger one and ends up rotting out the floor boards. Because a small leak, overtime can turn into one expensive repair. If you don't want 3AM phone calls, hand it over to a management company or don't be a landlord.

Offline DeeinAustin

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  • Posts: 963
    • CopelandGroupRealty.com
Re:$10 deductible for all repairs for tenants?
« Reply #4 on: July 26, 2005, 08:30:29 am »
I had a $25 deductible at first, but it does discourage tenants from reporting needed repairs. After a longterm tenant moved out, we found water leaks in the bathroom that I could have easily repaired. She lived there 5 years without reporting it, so it ended up costing a lot more that it should have.

We've always encouraged all tenants to report repairs, but she just never wanted to pay the money up front. Now, we just have a provision that they pay for the repair if it's not normal wear and tear, such as a clogged toilet.
Principal Broker, Copeland Group Realty
Green Construction and Investments
http://www.MyClientsBuyLand.com
My Clients Buy Land...and Houses Too!

 




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