Lead Paint

[Steve Morris]

What are buy and hold landlords doing to protect themselves when it comes to dealing with erroneous lead paint cases

[Steve Morris]

Hello Rachel,

My outcome was a total of $5300.00 out pocket. I had to give that concession or pay close to 25,000.00 in legal fees only to receive a favorable judgement. First, do not let allow their inspectors inside your property without your consent. Second , have LEADTEC -Susan Kleinhammer's team come out and perform an x-ray test on your property to find out if there is lead on the premises. If there are findings of said lead they will let you know where lead is present and you will need to abate it/ contain it. Once you do this your house will be registered as lead free. Then when you allow the Plantiffs attorney's inspectors to do their test it will be inconclusive. Thus, no basis for the complaint against you. Its really all about them trying to get insurance money that was set aside by older insurance companies. Newer insurance companies do not even have or cover lead in their policies. The lawyers are not really coming after you but in the event your insurance. Main thing , do not allow them in your propertyuntil you know what's going on with your property because a lot of these cases are baseless that's why they list so many defendants because they're hoping someone isn't diligent and they'll pay for it