General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago on . Most recent reply

Found a gas leak immediately after closing. Future advice?
Found a great property that was in great condition. The only issue was that the furnace was old but functional. I had an inspector look at the house and he did not find any major issues.
I closed on the property and listed it immediately. I had a ton of interest and found a great tenant (I hope) within a week. The day the tenant moved in, he attempted to get the gas turned on. Gas company found a gas leak and also said there was excessive carbon in the furnace. The red tagged it, and will not turn the gas on until i get it repaired.
Now I am stuck with these repairs on my first day of renting the property. My question is, did I make a mistake or miss something? Is there something I can do in the future to avoid this type of issue?
Most Popular Reply

@Bruce Clark - Sorry to hear. I think its time to get a better inspector as a visual of the furnance should have given some kind of indication (depending where it is located). I had a similar issue when I bought a property where utilities were turned off during inspection. At one property the Electricity was turned off and after closing I was forced to get the external wiring re-done and meter changed. Additional cost that I hadnt planned on. Similarly, on another property water was turned off but this time before signing the contract I asked the seller to get the water turned back on. He said he cancelled it because there was a leak and his water bill was over $1000 but he has since fixed the leak which was from the water meter to the property but didnt want to get stuck again to had shut off water to the property. He refused to get it turned back on and I walked. I didnt want to deal with the possibility of having to dig concrete to find a leak or then to run another line to the property.