Episode 2 of “THIS HOUSE IS TRYING TO KIILL ME” is all about HVAC jail. One month after I bought my first house, the two huge air conditioning units were stolen right out of the backyard.
I bought my first #investmentproperty in 2019. It needed renovation before I could move in, so I hired contractors to do the work while I continued to live in an apartment.
One day I visited the property to find the HVAC units missing. Apparently you can get good money for copper wire? I filed a police report and an insurance claim. The first thing they asked for was security camera footage. I didn’t have any!!! 😫 Lesson #3: Install security cameras on DAY 1.
This was a $9000 mistake! My homeowner’s insurance took care of it, but I immediately put my HVAC units in bars which cost me $750.
I invest in C-class neighborhoods, where there is a lot of potential for property value increase. But it comes with risks… like theft and squatters. I learned that you have to put exposed appliances under lock and key. Luckily, my second house came with the three HVAC units already in jail.
Comment below if you want more of these homeowner fails or if you have questions! And make sure to go back and look at Episode 1. #hvac #homeownership #realestateinvesting #homeownersinsurance