Updated over 6 years ago on . Most recent reply
AC goes out day before closing, not known until after closing
Hey everyone, I've been following for several months and just closed on my first buy and hold rental property on Friday at 2pm. After closing at the title company, I was informed that I would need to go to the previous owner's property management company to pick up the keys.
When I arrived, they informed me that there had been a service call the day before about the air conditioning not working. A tech was sent out that Thursday afternoon, and it was discovered the unit was shot and needed to be replaced for about $2,400. A bid was sent to the property management company on Friday morning to replace the AC unit, and that was forwarded on to the seller's agent at 1:37pm. I don't believe the owner of the property was made aware of it until after closing as well.
Is this just bad luck and I should move on or do I have any recourse since the issue was first reported to the property management company prior to closing? Either way, I have already scheduled the AC unit to be replaced!
Thank you in advance!
Dan