All Forum Posts by: Jenn Kabahit

We already received a quote and it’s 325. We’ll pay to get it fixed that’s not the problem. I just feel more taken advantage and blindsight by what we missed so I’m wondering if there’s any retribution and what can be done to help us out.

@Bruce Woodruff thank you! Being newbies I'm concerned our agent could say we didn't ask him enough questions. We basically took his word saying it's in great condition considering its age. We went over the inspection report with the agent and he only highlighted the floor and water heater needing replacement.. and that everything else is cosmetic. He still got us a decent credit but the work we need to do to get renters is will cost much more than the credit. Ultimately would you say our case is more so with the inspector for not letting us know about the exposed wire and not so much with the agent and the cosmetic issues?  

Hi! New investor here! We just closed on our first investment property and we jumped right in with a quad plex. As a newbie, and one month into owning , we (husband and I) feel like we def jumped in with our eyes wide SHUT! property managers are not keen to take our property on because of its condition, but we managed to find one who will work with us. Our sellers disclosure looked good on paper and when our agent went over the inspection report with us, he didn't let us in on how much the property needed work. We signed on the dotted line and now that we are here the pm we are working with said that it needs way more work than anticipated. Our agent negotiated us a credit for one aspect (floors) but given the true work that really needs to be done is there anything we can do at this point... like arbitration to cover costs of actual work that needs to be done. We also recently got notice from our home Insurance that they are cancelling our policy because of exposed wires discovered by their inspector. Our inspection report does not even mention or show pictures of exposed wires. 
Any advice would be appreciated.