Landlords: How do y'all handle this? Two dents. It's certainly not normal wear & tear and the unit still functions. I can't see charging for 2 new doors, but it has certainly greatly reduced the look and value.
Quote:
Assuming this fridge is in the kitchen, how in the world does it end up with those two dents?
schwack schwack said:Quote:
Assuming this fridge is in the kitchen, how in the world does it end up with those two dents?
2 kids?
Absolute said:
The more I think about it, the more I think it it is fair to charge to make it what it was. Even without the other damages, but maybe moreso with them. And the more I disagree with the poster who talked about a small percentage for scratch and dent stuff. Those type thing are typically not really visible.
The tenant agrees in this contract to take reasonable care and be responsible for things beyond that. As landlords we ultimately are on the hook for much more expensive damages than the, ultimately small by comparison, security deposit. They messed up. You are entitled to be made whole, as much as possible in the agreement.
I had a rental car earlier this year that got caught in a hail storm. The rental company was absolutely ready to charge me to fix that cosmetic damage. And I didn't have an issue with it. They deserve to be made whole by a damage waiver or my insurance.
I was wavering when I first posted. Now I say I would absolutely charge them for the doors and other reasonable damages out of their deposit.
ATM9000 said:Absolute said:
The more I think about it, the more I think it it is fair to charge to make it what it was. Even without the other damages, but maybe moreso with them. And the more I disagree with the poster who talked about a small percentage for scratch and dent stuff. Those type thing are typically not really visible.
The tenant agrees in this contract to take reasonable care and be responsible for things beyond that. As landlords we ultimately are on the hook for much more expensive damages than the, ultimately small by comparison, security deposit. They messed up. You are entitled to be made whole, as much as possible in the agreement.
I had a rental car earlier this year that got caught in a hail storm. The rental company was absolutely ready to charge me to fix that cosmetic damage. And I didn't have an issue with it. They deserve to be made whole by a damage waiver or my insurance.
I was wavering when I first posted. Now I say I would absolutely charge them for the doors and other reasonable damages out of their deposit.
The rental car company is highly likely settling out with your insurance company on comparable market value of the car pre and post damage. This is their keep whole calculation and no different than what I'm suggesting.
Do the math. $3k refrigerator. Factor in 10-15% for 18 months of depreciation then 15% for a dented appliance (number I got from the internet… do your own research). You say 'small percentage' but it's around $400. From a market value perspective, this is closest to how much the value of your asset has been harmed by the damage. This is the closest thing to being kept whole.
There has to be a quantitative base for this stuff. I suppose an invoice to replace the door is a way to do that, but most people even in their own homes are more likely to live with cosmetic damages and are only replacing a door if not doing so makes the refrigerator dysfunctional.
Charging the full repair cost at least in my opinion does indeed keep you whole… but at an unnecessary monetary cost to the tenant which isn't fair and an unnecessary hassle to the landlord… which also isn't fair. Other words, nobody is going to receive $700 worth of utility if this repair is done. But… you are owed compensation for how the market value of your asset was actually harmed. It's somewhat easy to strip out the current cost base of a refrigerator (vs lawn or broken drawers) so go get the answer that's the most efficient and fairest for both parties… that answer is going to be market value considerations.
Absolute said:ATM9000 said:Absolute said:
The more I think about it, the more I think it it is fair to charge to make it what it was. Even without the other damages, but maybe moreso with them. And the more I disagree with the poster who talked about a small percentage for scratch and dent stuff. Those type thing are typically not really visible.
The tenant agrees in this contract to take reasonable care and be responsible for things beyond that. As landlords we ultimately are on the hook for much more expensive damages than the, ultimately small by comparison, security deposit. They messed up. You are entitled to be made whole, as much as possible in the agreement.
I had a rental car earlier this year that got caught in a hail storm. The rental company was absolutely ready to charge me to fix that cosmetic damage. And I didn't have an issue with it. They deserve to be made whole by a damage waiver or my insurance.
I was wavering when I first posted. Now I say I would absolutely charge them for the doors and other reasonable damages out of their deposit.
The rental car company is highly likely settling out with your insurance company on comparable market value of the car pre and post damage. This is their keep whole calculation and no different than what I'm suggesting.
Do the math. $3k refrigerator. Factor in 10-15% for 18 months of depreciation then 15% for a dented appliance (number I got from the internet… do your own research). You say 'small percentage' but it's around $400. From a market value perspective, this is closest to how much the value of your asset has been harmed by the damage. This is the closest thing to being kept whole.
There has to be a quantitative base for this stuff. I suppose an invoice to replace the door is a way to do that, but most people even in their own homes are more likely to live with cosmetic damages and are only replacing a door if not doing so makes the refrigerator dysfunctional.
Charging the full repair cost at least in my opinion does indeed keep you whole… but at an unnecessary monetary cost to the tenant which isn't fair and an unnecessary hassle to the landlord… which also isn't fair. Other words, nobody is going to receive $700 worth of utility if this repair is done. But… you are owed compensation for how the market value of your asset was actually harmed. It's somewhat easy to strip out the current cost base of a refrigerator (vs lawn or broken drawers) so go get the answer that's the most efficient and fairest for both parties… that answer is going to be market value considerations.
The rental car company absolutely was not doing that, hell they even included diminished value in their bill. They expect the damages to be paid for in full. Period. And I don't think they are wrong. The fact that I, as the renter, purchased a damage waiver or purchased personal auto insurance at my own expense to protect ME from that liability did not change their position at all. They just want their property back to the condition it was when they gave it to me, less NORMAL wear and tear depreciation.
schwack schwack said:
Brand new fridge when they moved in December 21.
edit: All appliances were new when we purchased the house. They are the only tenants. Discovered when they moved out. They did point out a giant scratch in the new flooring in a bedroom - but not the dents. They also somehow broke 2 kitchen drawers and killed a huge swath of St. Augustine in the yard by putting in a giant above ground pool that we did not OK. They are easily over their deposit if we charge for everything.
edit: Price for a similar fridge at Lowes is $2,999.00 - on sale right now for $1,949.
ATM9000 said:Absolute said:ATM9000 said:Absolute said:
The more I think about it, the more I think it it is fair to charge to make it what it was. Even without the other damages, but maybe moreso with them. And the more I disagree with the poster who talked about a small percentage for scratch and dent stuff. Those type thing are typically not really visible.
The tenant agrees in this contract to take reasonable care and be responsible for things beyond that. As landlords we ultimately are on the hook for much more expensive damages than the, ultimately small by comparison, security deposit. They messed up. You are entitled to be made whole, as much as possible in the agreement.
I had a rental car earlier this year that got caught in a hail storm. The rental company was absolutely ready to charge me to fix that cosmetic damage. And I didn't have an issue with it. They deserve to be made whole by a damage waiver or my insurance.
I was wavering when I first posted. Now I say I would absolutely charge them for the doors and other reasonable damages out of their deposit.
The rental car company is highly likely settling out with your insurance company on comparable market value of the car pre and post damage. This is their keep whole calculation and no different than what I'm suggesting.
Do the math. $3k refrigerator. Factor in 10-15% for 18 months of depreciation then 15% for a dented appliance (number I got from the internet… do your own research). You say 'small percentage' but it's around $400. From a market value perspective, this is closest to how much the value of your asset has been harmed by the damage. This is the closest thing to being kept whole.
There has to be a quantitative base for this stuff. I suppose an invoice to replace the door is a way to do that, but most people even in their own homes are more likely to live with cosmetic damages and are only replacing a door if not doing so makes the refrigerator dysfunctional.
Charging the full repair cost at least in my opinion does indeed keep you whole… but at an unnecessary monetary cost to the tenant which isn't fair and an unnecessary hassle to the landlord… which also isn't fair. Other words, nobody is going to receive $700 worth of utility if this repair is done. But… you are owed compensation for how the market value of your asset was actually harmed. It's somewhat easy to strip out the current cost base of a refrigerator (vs lawn or broken drawers) so go get the answer that's the most efficient and fairest for both parties… that answer is going to be market value considerations.
The rental car company absolutely was not doing that, hell they even included diminished value in their bill. They expect the damages to be paid for in full. Period. And I don't think they are wrong. The fact that I, as the renter, purchased a damage waiver or purchased personal auto insurance at my own expense to protect ME from that liability did not change their position at all. They just want their property back to the condition it was when they gave it to me, less NORMAL wear and tear depreciation.
Take a step back to understand what you are saying.
If this is what you actually believe… I don't think your realize that you actually agree with me. You are getting caught up in the percentages, but what I'm suggesting is lost property is what you are owed less normal wear and tear. That's going to be the difference between a damaged unit and an undamaged unit that's 18 months old… it's probably going to be less than what it costs to actually repair the unit.
Absolute said:ATM9000 said:Absolute said:ATM9000 said:Absolute said:
The more I think about it, the more I think it it is fair to charge to make it what it was. Even without the other damages, but maybe moreso with them. And the more I disagree with the poster who talked about a small percentage for scratch and dent stuff. Those type thing are typically not really visible.
The tenant agrees in this contract to take reasonable care and be responsible for things beyond that. As landlords we ultimately are on the hook for much more expensive damages than the, ultimately small by comparison, security deposit. They messed up. You are entitled to be made whole, as much as possible in the agreement.
I had a rental car earlier this year that got caught in a hail storm. The rental company was absolutely ready to charge me to fix that cosmetic damage. And I didn't have an issue with it. They deserve to be made whole by a damage waiver or my insurance.
I was wavering when I first posted. Now I say I would absolutely charge them for the doors and other reasonable damages out of their deposit.
The rental car company is highly likely settling out with your insurance company on comparable market value of the car pre and post damage. This is their keep whole calculation and no different than what I'm suggesting.
Do the math. $3k refrigerator. Factor in 10-15% for 18 months of depreciation then 15% for a dented appliance (number I got from the internet… do your own research). You say 'small percentage' but it's around $400. From a market value perspective, this is closest to how much the value of your asset has been harmed by the damage. This is the closest thing to being kept whole.
There has to be a quantitative base for this stuff. I suppose an invoice to replace the door is a way to do that, but most people even in their own homes are more likely to live with cosmetic damages and are only replacing a door if not doing so makes the refrigerator dysfunctional.
Charging the full repair cost at least in my opinion does indeed keep you whole… but at an unnecessary monetary cost to the tenant which isn't fair and an unnecessary hassle to the landlord… which also isn't fair. Other words, nobody is going to receive $700 worth of utility if this repair is done. But… you are owed compensation for how the market value of your asset was actually harmed. It's somewhat easy to strip out the current cost base of a refrigerator (vs lawn or broken drawers) so go get the answer that's the most efficient and fairest for both parties… that answer is going to be market value considerations.
The rental car company absolutely was not doing that, hell they even included diminished value in their bill. They expect the damages to be paid for in full. Period. And I don't think they are wrong. The fact that I, as the renter, purchased a damage waiver or purchased personal auto insurance at my own expense to protect ME from that liability did not change their position at all. They just want their property back to the condition it was when they gave it to me, less NORMAL wear and tear depreciation.
Take a step back to understand what you are saying.
If this is what you actually believe… I don't think your realize that you actually agree with me. You are getting caught up in the percentages, but what I'm suggesting is lost property is what you are owed less normal wear and tear. That's going to be the difference between a damaged unit and an undamaged unit that's 18 months old… it's probably going to be less than what it costs to actually repair the unit.
Honestly, going that route is over thinking. As landloards/investors we assume and accept the loss of wear and tear and depreciation (outside of what we write off.). Unusual or excessive damage should be charged, unless maybe there is a business reason not to charge.
I agree with the poster above. If the tenant is communicating and tells me about an accident (they happen) I am extremely lenient. If they are not, I am not. If they abuse my property and I legally can charge them, I will.