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Updated about 9 years ago on . Most recent reply

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James H.
  • Investor
  • Cortlandt Manor, NY
0
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8
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Buying a house - asbestos & lead testing?

James H.
  • Investor
  • Cortlandt Manor, NY
Posted

Hello,

I'm closing on a multifamily (16 unit) property in Arkansas early next month. The exterior is brick, and the units/common areas have been remodeled on the high end (hardwood floors, marble, granite, etc) and no work is needed.

As the building was constructed ~1960, I wanted to know anyone's thoughts on testing for lead (in the water and paint) and asbestos, and what our duty is as landlords to our tenants?

I know about warning residents about lead paint, giving a brochure to new tenants, and testing if there is any lead paint if there are children living there, but any other responsibilities? I'm wondering the merits of paying for testing to be done prior to the purchase.

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130
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119
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Paul Thompson
  • Investor
  • Little Rock, AR
119
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130
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Paul Thompson
  • Investor
  • Little Rock, AR
Replied

I've been hearing from fellow investors in bigger markets (especially on the East Coast) that there has been a spat of lead based paint violation lawsuits against landlords. Purportedly there is a XRF hand-held testing "gun" you can purchase to self-test. This helps you know if the property has lead based paint or not.

I have not personally heard of any of these type of lawsuits in Arkansas (yet). I suspect it is only a matter of time. I think our ethical duty as a landlord is to know whether a property has lead based paint or not. And if the property was built before 1978 assume it does and follow the EPA guidelines on how to protect workers and tenants from exposure. The EPA certification is ~$300 if memory serves and they provide pretty clear guidelines that aren't that hard to follow IMO. It's really more of a process  to follow than it is a major additional expense. To my knowledge you do NOT need a 3rd party test. You can self test.

Look into self testing and advise back on this thread of your results. Feel free to PM me or contact me directly. I'm in the market and curious on your findings and which apartment complex you purchased.

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