Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply

User Stats

5
Posts
0
Votes
Jason Alloway
  • Rental Property Investor
  • Cape Coral, FL.
0
Votes |
5
Posts

Requesting property repair history

Jason Alloway
  • Rental Property Investor
  • Cape Coral, FL.
Posted

I'm interested in turnkey buy & hold investment SFHs in the Cleveland, Ohio market; and contacted a couple firms who interest me selling homes in that area and then managing them.  Some of the turnkey listings mention the home is already being managed by this same firm offering it for sale and that this property management arrangement can continue after I buy.  That is ideal for me.

Knowing the firm has been managing it, I have requested repair history two times from two different firms was given different reasons why the histories couldn't be shared. The homes I'm interested in are much older than the 1980s/1990s SFH constructions in warm weather climates I'm holding today, and I was hoping to see the repair history to get a comfort level with what I was getting into.

Is this an uncommon request, or not?  Should I move on if a firm declines to share that info, assuming the worst?

Thanks,

Jason

Most Popular Reply

User Stats

28,857
Posts
19,835
Votes
James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
19,835
Votes |
28,857
Posts
James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied
Originally posted by @Jason Alloway:

I'm interested in turnkey buy & hold investment SFHs in the Cleveland, Ohio market; and contacted a couple firms who interest me selling homes in that area and then managing them.  Some of the turnkey listings mention the home is already being managed by this same firm offering it for sale and that this property management arrangement can continue after I buy.  That is ideal for me.

Knowing the firm has been managing it, I have requested repair history two times from two different firms was given different reasons why the histories couldn't be shared. The homes I'm interested in are much older than the 1980s/1990s SFH constructions in warm weather climates I'm holding today, and I was hoping to see the repair history to get a comfort level with what I was getting into.

Is this an uncommon request, or not?  Should I move on if a firm declines to share that info, assuming the worst?

Thanks,

Jason

 The simple answer to this question is that the information likely isn't there. It is not very common for owners of these types of homes to have 70+ years of repair history on hand, let alone have delivered that to the company selling said property.

Your best bet when buying a home (especially from afar) is to pay an uninterested 3rd party inspector to go through the home with a fine tooth comb. This will give you the exact condition of the home, no misconceptions of any kind. From there you can make your decision on whether or not you would like to buy said home. 

Loading replies...