Undergound oil tank remov
Click here for Top Ten Discussions. CLICK HERE for Q & A Homepage
Receive Free Rental Owner Updates Email:  
MrLandlord Q & A
     
     
Undergound oil tank remov (by joey [NJ]) May 15, 2018 10:41 AM
       Undergound oil tank remov (by AllyM [NJ]) May 15, 2018 10:51 AM
       Undergound oil tank remov (by plenty [MO]) May 15, 2018 10:52 AM
       Undergound oil tank remov (by Still Learning [NH]) May 15, 2018 10:55 AM
       Undergound oil tank remov (by WMH [NC]) May 15, 2018 11:14 AM
       Undergound oil tank remov (by Frank [NJ]) May 15, 2018 12:38 PM
       Undergound oil tank remov (by Ken [NY]) May 15, 2018 1:47 PM
       Undergound oil tank remov (by Steve [MA]) May 15, 2018 3:40 PM
       Undergound oil tank remov (by AllyM [NJ]) May 15, 2018 3:51 PM
       Undergound oil tank remov (by Opinionated [NC]) May 15, 2018 5:11 PM
       Undergound oil tank remov (by Johnny B. [MA]) May 15, 2018 5:18 PM
       Undergound oil tank remov (by NJ Landlord [NJ]) May 15, 2018 5:30 PM
       Undergound oil tank remov (by AllyM [NJ]) May 16, 2018 10:07 AM
       Undergound oil tank remov (by AllyM [NJ]) May 16, 2018 10:09 AM

Click here to reply to this discussion.
Click Here to send this discussion to a friend

Undergound oil tank remov (by joey [NJ]) Posted on: May 15, 2018 10:41 AM
Message:

I have to remove an oil tank that isn't being used anymore. A contractor gave me a quote of 1,200 for removal and he pulls the permit. he says the city inspector meets him when tank is out and looks for any holes in tank. If there is a hole, he must report to EPA and do a cleanup that can average 10,000. He also said about 50% of the old tanks have holes in them. Does this sound like a racket between the tank people and inspectors?

--141.226.xxx.xx




Undergound oil tank remov (by AllyM [NJ]) Posted on: May 15, 2018 10:51 AM
Message:

There is a company called Barco that will check the tank and certify that it is not leaking and fill it with gel and leave it in the ground for about the same price. A cleanup can run into six digits if the contractor pours a little old #2 oil into the hole every night and tells the inspector it's leaking. Why do you have to remove it? I have three nice rentals with the tank professionally closed. But even with that I refuse to sell them because the buyer could decide to remove the tank and there could be an unfound problem and then I am at risk for a six figure payout. What he is telling you is correct but the payout could run into six figures not five if they have to remove yards and yards of dirt. I saw some photos of houses in the local paper supported with beams because someone dug under the basement. The basement floors were up in the air. --73.178.xxx.xx




Undergound oil tank remov (by plenty [MO]) Posted on: May 15, 2018 10:52 AM
Message:

Not really. They are just preparing you for the worst case. I sold a property about 10 years ago with such tank. I just disclosed it on the papers. No one seemed to question or request. Why do yoy have to remove or do u just want to? --99.203.xx.xx




Undergound oil tank remov (by Still Learning [NH]) Posted on: May 15, 2018 10:55 AM
Message:

We removed two from different properties 15-20 years ago and neither had leaked but I remember being told similar things, and that was just before legislation was passing and EPA was just beginning to get involved. --24.61.xxx.xx




Undergound oil tank remov (by WMH [NC]) Posted on: May 15, 2018 11:14 AM
Message:

My kids looked at a house with a tank and were told the same thing. DIL called city and they told her they have a remediation program to help homeowners with clean-ups. Oil company guy never mentioned that! (They didn't buy the house.) --50.82.xxx.xx




Undergound oil tank remov (by Frank [NJ]) Posted on: May 15, 2018 12:38 PM
Message:

It is true that no matter what anyone says there is only one way to date I if a tank is leaking....and th st is to pull it. The state has a program th st might help. Search for NJ DEP and the PUST program. I have a good referral if you want. What County? Oh...a property with an UST is almost unmortgageable. --174.225.xxx.xx




Undergound oil tank remov (by Ken [NY]) Posted on: May 15, 2018 1:47 PM
Message:

I would find a buddy with the equipment or even buy the equipment and do it myself on a sunday morning,tank gone and hole filled in before anybody knows any different --72.231.xxx.xxx




Undergound oil tank remov (by Steve [MA]) Posted on: May 15, 2018 3:40 PM
Message:

A client of mine had a leaky oil tank removed about 15 years ago. Between the permit fees, hazardous waste disposal fees, the actual removal and the repairs to his & neighbors property in cost him over $137,000.00. None of which was covered by insurance. --72.93.xxx.xxx




Undergound oil tank remov (by AllyM [NJ]) Posted on: May 15, 2018 3:51 PM
Message:

A properly closed tank with a certificate and gell filled should make the property mortgageable. I just don't want to test that because NJ is full of idiots. I had one that is now gas, that had regular tanks in the basement. Had a buyer. Their realtor called the EPA who wanted to drill holes in the basement floor since they felt that I had a new oil tank because the old one leaked. No, I had a new tank because the oil company said the old one could leak soon. I ended the deal since I didn't want holes drilled in the basement floor in a building where there was a high water table. --73.178.xxx.xx




Undergound oil tank remov (by Opinionated [NC]) Posted on: May 15, 2018 5:11 PM
Message:

It is evident that getting Officialdom involved can get expensive. Explore alternatives. --66.226.xx.xxx




Undergound oil tank remov (by Johnny B. [MA]) Posted on: May 15, 2018 5:18 PM
Message:

I agree with Ken - if it must come out, rent equipment and do it yourself. --24.147.xx.xxx




Undergound oil tank remov (by NJ Landlord [NJ]) Posted on: May 15, 2018 5:30 PM
Message:

I sold my home of 40 years last year. The house had a properly closed underground oil tank done by Barco with a city inspector's certificate of no leak. The work was done about 20 years ago.

The city now does require removing the oil tank at the time of sale which cost me about $ 2K including tree removal grown on top of the tank. There was no leak found after the removal and I consider myself lucky. --71.188.xxx.xxx




Undergound oil tank remov (by AllyM [NJ]) Posted on: May 16, 2018 10:07 AM
Message:

NJ Landlord, did they give you a reason? One of my tanks is up against a back basement wall and would destabilize something I'm sure and make the basement wet. What city? I already told my cousins that they would inherit these and not to ever sell them due to the tank issue. --73.178.xxx.xx




Undergound oil tank remov (by AllyM [NJ]) Posted on: May 16, 2018 10:09 AM
Message:

I read that, when a leaking oil tank is removed, the EPA goes all the way back to all the previous owners and levies fines and expects them all to chip in on the clean up. --73.178.xxx.xx



Click Here to send this discussion to a friend
Report discussion to Webmaster


Reply:
Subject: RE: Undergound oil tank remov
Your Name:
Your State:

Message:
Undergound oil tank remov
Would you like to be notified via email when somebody replies to this thread?
If so, you must include your valid email address here. Do not add your address more than once per thread/subject. By entering your email address here, you agree to receive notification from Mrlandlord.com every time anyone replies to "this" thread. You will receive response notifications for up to one week following the original post. Your email address will not be visible to readers.
Email Address: