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Liability concerns for property
Hello BP community. I am looking at an out of state property and just got the inspection back. A question, the back porch has had settlement which in the inspectors words has caused the porch to slope away from the house at a severe angle. The house is in Ohio so the first thing that comes to mind is ice and snow on the porch and the tenant slips and falls. Do I as a Landlord hold potential liability for something if that does happen? Appreciate any and all feedback, thanks!
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
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Absolutely possible. World knows landlords are rich beyond imagination so if someone slips and wrenches their back you are a target. Liability insurance is your friend.