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Updated over 5 years ago on . Most recent reply

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75
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53
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Michael Henry
  • Rental Property Investor
  • Palm Bay, FL
53
Votes |
75
Posts

Purchased property tenants wants $1000+ of repairs

Michael Henry
  • Rental Property Investor
  • Palm Bay, FL
Posted

I’ve never run into into this situation before i recently closed on a property and turned it over to a property management company.

Almost immediately tenants are complaining about several items they want fixed some they say the last owner promised to take care of but never did. I walked the property before I meet some of the tenants during the due diligence period they didn’t say anything about promised repairs.

First item is a door that is broken this will be $500-$750 to replace / install. Second item is the dryer in the shared laundry room, not sure what the issue is but even a service car / minor repairs will be $250-500.

Are these things I should just replace as a good show of faith or will this open me up to another laundry list of repairs if I’m too giving from the get go?

Most Popular Reply

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3,930
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3,342
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Max T.
  • Investor
  • Philadelphia, PA
3,342
Votes |
3,930
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Max T.
  • Investor
  • Philadelphia, PA
Replied

Uggh. I'll never understand why owners are okay with the idea of having trashy properties. Why wouldn't you want to have doors that are not broken? If you include laundry machines why wouldn't you want them to be working? Maybe I'm wrong on this but I believe this mindset will lead to a very short career in landlording.

Now I'm all for charging tenants for damage caused by misuse or neglect, but if you can't prove it 100%, pay for it!

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