Tuesday, June 21, 2016

Western Virginia Water Authority Wants To Set Up A Deal With You To Pay For Their Losses.


Senator Edwards sent me a proposal to send to our members. The Water Authority initiated an agreement that they would like to set up with landlords. Please see the attached file for the specific agreement word for word. I will summarize it here. Please send me your input so I can reply to Senator Edwards with comments from our members.

Summary:
Water Authority Agrees To…
* Refrain from filing liens on your property if your tenant doesn’t pay their bill as long as you agree to several things.
* They agree to increase the deposit so the tenants can pay for their own unpaid bills subject to their boards approval.
* They agree to provide notification to you if there is a leak at the property as they are ALREADY DOING for every homeowner in their area since we funded their electronic meters. 
* They will give you a leak adjustment for repairs as they are ALREADY DOING for all customers.

So to sum it up, on their end they are NOT AGREEING TO DO ANYTHING beyond what already is done for every customer OTHER THAN POSSIBLY boosting the tenants deposit to cover THEIR OWN unpaid bill and not giving you a lien because the tenant will be paying their own bill.

In Order For This Deal To Happen You As A Landlord Must Agree To...

* Let them know all of the properties you own.
* Let them know when you buy any new properties.
* Provide a lease when asked for a lease.
* When notified of a leak fix it.

All of the above seems to be very reasonable. Here are the questionable items that I need your input for Senator Edwards on.

* Agree to pay water and sewer bills whenever there is not an active account. So if someone is stealing water from the house between tenants it’s your bill to pay. If the water is cut off on your tenants and they don’t put a lock on the meter and your tenants turn it back on you agree to pay for that water too. Any time the water is off it’s your bill.
* Provide them with a higher $200 deposit per property, not to exceed $1,200 for all properties, that will pay any bill off that accumulates when the water is turned off even if they don’t adequately lock the meter and it is as a result of theft it will be your responsibility.
* You also must agree to replenishing this deposit within 90 days to keep a full deposit at all times that they can tap into as needed.

So I see this agreement as they will do nothing if you do all of the above. And they MAY increase the tenants deposit which they legally have the right to do making it so the tenant pays for their own bill, ONLY IF you agree to all of the above.

Please read the original attached proposal and reply to me with what you think of this proposal so I can get a general consensus from Landlords in Greater Roanoke on how you all feel about the Water Authorities offer. I am going to publish your comments. I will leave your name off for anonymity purposes.

It seems to me that the Water Authority is very proud of their recent win against landlords. It’s almost like they are gloating and saying while your hands are cuffed behind your back let us punch you in the face a few times and lets see how stupid you landlords are. How do you feel about this proposal? Please send me a short note with your comments for Senator Edwards so he can get a feel for what we think about it as a whole.

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