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Updated over 3 years ago, 05/31/2021

User Stats

147
Posts
134
Votes
Supada L.
  • New to Real Estate
134
Votes |
147
Posts

Expensive repair on rental. Should I do it?

Supada L.
  • New to Real Estate
Posted

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!"

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