2-Unit property (Duplex) located in Memphis, Tennessee.
Details
Recently renovated: New bathroom, updated kitchen, new roof, interior and exterior paint, new doors, new laminate flooring, new windows, new plumbing, and new cabinets.
Located on a 6,050 sq ft lot
An insurance adjuster has been assigned to the claim for the collapsed sewer line mentioned in the update below on 01/31/2023.
The adjuster advised that the insurance will cover for damages resulting from the collapsed sewer line, but not the repairs for the sewer line.
The adjuster was given the PM’s contact information to schedule an inspection of the property.
The repair costs exceed the Maintenance Reserve. A governance vote will be sent out to determine how owners would prefer to pay for these repairs.
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