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Old 05-03-2013, 04:08 AM
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Having spent many years as a tenant, always having tenant's insurance, and now being a landlord of 2 properties, I can see where he's coming from about the tank, but not the rent increase ...

He may not want the 70g if it's not on a ground/concrete floor, but that's just a thought as I don't know your situation

From a landlord's perspective, and humidity aside, I wouldn't want the headache of going through all the cleanup after a leak, regardless of tenant's insurance
For example, if the rental property needs to be vacated during repairs from water damage, the landlord will be out of pocket until the premises are again habitated
Plus, the insurance company will go over everything damaged that wasn't new, and pro-rate repair costs

We had an issue I won't go in to that cost us, out of pocket, $7,000, including 2 months of lost rental income

No matter what you decide to do, get tenant's insurance. It'll cover all your personal belongings in the event of fire and theft. Flood is stupid fine print, so ignore it

Good luck with whatever you decide to do bud
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Old 05-03-2013, 04:15 AM
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Quote:
Originally Posted by gregzz4 View Post
Having spent many years as a tenant, always having tenant's insurance, and now being a landlord of 2 properties, I can see where he's coming from about the tank, but not the rent increase ...

He may not want the 70g if it's not on a ground/concrete floor, but that's just a thought as I don't know your situation

From a landlord's perspective, and humidity aside, I wouldn't want the headache of going through all the cleanup after a leak, regardless of tenant's insurance
For example, if the rental property needs to be vacated during repairs from water damage, the landlord will be out of pocket until the premises are again habitated
Plus, the insurance company will go over everything damaged that wasn't new, and pro-rate repair costs

We had an issue I won't go in to that cost us, out of pocket, $7,000, including 2 months of lost rental income

No matter what you decide to do, get tenant's insurance. It'll cover all your personal belongings in the event of fire and theft. Flood is stupid fine print, so ignore it

Good luck with whatever you decide to do bud
Thanks Boss

Well I asked him whether I can put it on the concrete floor in the basement but he won't allow it in any way. He told me told to teach him physics (huh?). Well I do understand his points and he should be worried about it but the way he put it was not right. I currently have two choices:
1. Get a new apartment which will let the tank in. I am really not looking forward to this as moving can be a bit messy and I will be wrapping up my thesis during that time too.
2. Turn back the 20 gallon, maybe sell the pump and skimmer and keep the tank and plumbing in storage so that in the future, when I can setup a bigger tank, I won't need to look for another one. Plus selling the tank will be a big hit to my pocket too so I don't wanna do that.
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Old 05-03-2013, 05:34 AM
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Really sucky situation either way. Moving and finding a new place can be stressful and packing really really really sucks. Downgrading also sucks but is easier to do in the short term. If you do downgrade I would definitely keep the tank and equipment so you have it for when you are able to upgrade again.
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Old 05-03-2013, 06:17 AM
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Originally Posted by fishoholic View Post
Really sucky situation either way. Moving and finding a new place can be stressful and packing really really really sucks. Downgrading also sucks but is easier to do in the short term. If you do downgrade I would definitely keep the tank and equipment so you have it for when you are able to upgrade again.
Yah I have decided to downgrade. Will be keeping the tank, stand and plumbing stored for the future when upgrade is possible. I will just sell rest of the stuffs. Will be hitting a big loss but oh well, life is not always about what you want.
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Old 05-03-2013, 01:46 PM
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Quote:
Originally Posted by gregzz4 View Post
For example, if the rental property needs to be vacated during repairs from water damage, the landlord will be out of pocket until the premises are again habitated
Not sure what kind of insurance you had, but the loss of rental income should have been covered. I had a rental house that had a water pipe burst in one of the upstairs bathrooms while my tenants were both at work during the day. You can imagine the damage throughout the whole house with the water running all day...

In any case, I was very pleased with how my insurance company handled it, including covering the rental loss during the restoration. When they were done, I had a minor reno in the house, and it looked better than before. The only downside was having to pay higher premiums the next few years.
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