Today’s topic is tenants doing their own repairs. It’s a real situation, and some property managers are encouraging it.

The idea behind this is reducing rent in exchange for the tenants doing the first $100.00 of repairs each month. This reduces obligations on a property manager because they never have to deal with minor repairs.

It’s a major risk for the property owner because the home is being maintained by someone who may or may not know what they are doing when it comes to repairs. Tenants are doing their own plumbing and electrical repairs. Water damage and fire damage aren’t small things. This sort of practice opens the doors to those things happening.

Let’s say the owner decides to sell the house, and an inspection reveals poor repairs and/or fire hazards. It can put an end to the sale. If something is done that should have required a permit, you’ve not got problems with the Regional Building Department as well.

It’s a terrible idea for tenants to be doing repairs to a home. It’s simply lazy and poor judgment on the part of the property managers who allow this.

Posted by: Colorado Springs Group on June 8, 2016
Posted in: Uncategorized