Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago,

User Stats

27
Posts
5
Votes
Jaydin Perez
Pro Member
  • New to Real Estate
  • Fort Walton Beach, FL
5
Votes |
27
Posts

Previous Owners Liable for Roof Repair

Jaydin Perez
Pro Member
  • New to Real Estate
  • Fort Walton Beach, FL
Posted

Good evening everyone, 

I wanted to pick your brains for insight, and see if maybe anyone else has been in this type of situation before.

We bought our first multifamily in Fort Walton Beach about two years ago. This property was advertised as being remodeled, and a new roof being installed. During before the closing, the previous owners were able to have a contractor replace the roof, but we found out recently that they never pulled a permit for the repair (I should have checked to see if the permit was pulled before I bought the property) ( -_-). 

As of last week, our roof has a small leak, and it is the unit that I currently househack. We are getting quotes on the roof repair from multiple contractors- and all the prices are hitting around the $10,000+ mark. All the contractors are saying that the roof was not correctly installed. Thankfully, we have some savings built up for CapX repairs, but it will be taking a sizeable amount of everything we earned on the property so far (not taking into account tax deductions, appreciation, loan paydown).  


Are the previous owners or the contractor liable for the roof not being adequately repaired or the permits being pulled, or does it still fall on us since we still bought the property and lived in it for two years?

I appreciate your responses and time in advance!!

  • Jaydin Perez
  • Loading replies...