All Forum Posts by: Supada L.

I'd definitely replace the entire thing.  Pricing sounds reasonable but I'd check around.  And being in the South, is it possible there are tree roots popping that thing up?  Be worth checking to make sure there aren't any trees causing issues, you wouldn't want to pour a new driveway and not take care of any problematic tree roots (or any other cause!)

Do you have any photos that show the entire front of the house including yard/trees?

Best,

Mike

I've never worked with Roofstock...is this something that they can take care of since it's within one year of purchase? Also, who hired the home inspector? This should have been in the inspection report because it's an obvious defect. I would reach out to both Roofstock and the home inspection company (they should have some sort of GL or E&O insurance) to see what remedies either of them could offer. If all else fails, I would get at least 3 estimates and go with the most reasonable. Good luck!

Good move. Check with the assessor in that area and see if it will reduce your assessment and, thus, your property taxes.

In some places, concrete is considered "permanent" and is assessed higher than asphalt which is considered temporary. 

I have another concern:  why didn't your PM bring this issue to your attention?  Why didn't the PM research options for resolving the issue?  What are you doing in the interim to accommodate your tenant and mitigate any further damage to his car?  Yes, the driveway needs to be replaced; it's a trip hazard and will void your policy and not cover any claim.  But if your PM doesn't have your back and isn't doing the work, maybe that's another repair/replacement issue as well.  

Best...

How far are you away from the building? I'd call around for some quotes.  Looks like a 3.5k max cost here in N Y. So, I'd assume you can get it for that or cheaper. Remember, the PM is upcharging you 20 - 30 %.

pull up the cracked concrete and replace with gravel.

And then never buy properties where minor maintenance causes negative cash flow.

Depending on how the neighborhood looks, I'd tear it out and have some gravel tossed down instead. It'll look better than it currently does.

$5500 for this will be well worth it down the road. I'd do it.

@Supada L.

Welcome to real estate investing!

No question; fix the driveway.

Use fiber reinforced concrete and it will last longer with 6" of concrete vs the 4" thickness, which is usual.

Barry the resident from driving his vehicle on the new cement for 14 days.

Listen, you are going to spend good money. You might as well do it once!

You bought the property with the bad driveway. You had to know it needed to be replaced. Best for the tenant, best for resale, best to do a job so you never need to do it again!

Question - chip it up and replace with gravel?