EP 146: Who’s Really Responsible for Repairs in a Lease Option?

The Sub2Deals Show

In this episode of The Sub2Deal Show, we dive deep into a critical topic for real estate investors: Who is responsible for repairs in a lease option deal?

As a real estate investor, it's important to know the legal and practical realities of managing repair responsibilities when offering a property on lease options.

Key Takeaways:

1. You Can’t Always Pass Repairs to Tenants: While some gurus teach you can pass all repair responsibilities to tenant-buyers, this isn’t always true, and doing so may lead to legal trouble in many states.

2. Home Warranties Are a Smart Solution: Covering repairs with a home warranty can minimize conflicts with tenants and avoid costly out-of-pocket expenses for both parties.

3. Avoid Deferred Maintenance: Expecting tenants to handle repairs often leads to deferred maintenance, which can leave you with significant repair bills when the property is returned.

Learn from real-world experiences and avoid the common pitfalls of lease options in this episode.

Mentioned in This Episode:

Just Getting Started & on a Budget? Get the BEST Deal on Creative Finance & Sub2 Coaching on the PLANET! http://www.7dollarcoaching.com

Want to Take Your Investing to the MAX? Take a look at Sub2MAX! Our Premium Group Coaching with William! Learn more and join us at: http://www.Sub2MAX.com

Looking for the Absolute BEST Sub2 & Creative Financing Training on the PLANET? Check out https://www.Sub2University.com