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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?

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