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Updated over 3 years ago, 05/31/2021
Expensive repair on rental. Should I do it?
Hello,
I have an out-of-state rental that I've relied on the property management to take care of it. I have owned the property for about a year and there has been minor fixes that already turned my first year cashflow negative.
Earlier this year the tenant has submitted a repair request for the drive way as shown in the pictures below. My PM got a quote for $5500 to repair it. Should I let them do it? Or is there a way to mitigate the cost? Any suggestions are welcome.
Thank you in advance,
Supada
The tenant complain: "Driveway pavement is coming up & it is tearing up the front end of my cars!"