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

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:

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