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Updated over 7 years ago,

User Stats

9
Posts
3
Votes
Kyle Jones
  • Rental Property Investor
  • Katy, TX
3
Votes |
9
Posts

Advise need after Hurricane Harvey

Kyle Jones
  • Rental Property Investor
  • Katy, TX
Posted

Hi Everyone, I'm due to close on a 21 unit next Friday, Sept 8th. This is my second MF purchase. I received the following email from the broker this morning, and I'm curious to understand how I need to handle this from my side with 1 week left to close. 

We hope you and your family have come through the recent ordeal without any major issues. Terry has prepared as comprehensive report on the situation at Village Green. Whilst any assessment cannot be final at this stage it seems we have incurred ceiling damage to units 17 and 18.


Terry has instructed Mr Cox to commence repairs immediately and keep a tab on expenses for a possible insurance claim.
We feel sure you will agree that the priority is to get our tenants rehoused without any avoidable delay. We suggested that Terry offer any vacant units to deserving tenants (after passing her usual checks!) through local pastors. Whilst it is not possible to guarantee completion of repairs prior to closing, we are giving it our best shot.

Thanks in advance for the advise.

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