Two days in a row, two water leaks in a row, both in the ceilings of units we manage. Both issues also in condominium/townhome type structures. The HOA does not typically cover anything inside the units, so what happens next?
First, be thankful that you hired a professional property manager to handle this situation or you would be living the headache of the self managed. Second, make sure that you have a home warranty plan in place well before your tenant takes possession.
One of the homes had such a plan, but the owner delayed purchasing the plan until the tenant moved in. Most of these plans have a 10-day waiting period. Wouldn't you know it, within that time period, the leak sprang up and they are not covered yet.
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Scott Taylor is the principal property manager and co-owner of SCV Leasing in Santa Clarita, California. His experience as a renter, property owner, and property manager makes him the best choice for managing your rental. SCV Leasing's unsurpassed marketing plan puts renters in properties fast. Mr. Taylor can be reached at scott@scvleasing.com.
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