Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

2
Posts
0
Votes
Trey Moore
  • Atlanta, GA
0
Votes |
2
Posts

Roof repair life span

Trey Moore
  • Atlanta, GA
Posted

Some background: I have been looking at a duplex in north Florida that would be my first venture into REI, I have never owned real estate before so my experience has been reading, more reading, the podcast, and talking to non-investors that are long-time home owners.

The property claims to have a "10-yr old roof" - but after looking at the property, it appears they just put an additional layer of (asphalt) shingles on top of the ones that were already on there.  As far as I know, there are no leaks or issues with the roof currently.  I have a few questions about this and roof repairs in general:

  1. Calling the roof "10 yrs old" feels dishonest to me, is simply layering over existing roofing enough to call the roof "new"?  I was under the impression you really needed to strip it down to the wood, replace boards as needed, and re-roof the whole thing.
  2. I totally understand it's cheaper/easier to just layer over, but is this normal/standard/acceptable?
  3. How do others typically plan for these big capex expenses? More specifically:
    1. How do you estimate the time remaining on the roof? 
    2. Should I seek out that roofer that replaced the roof last and ask them what the lifetime is? 
    3. How can I come up with an accurate estimate of the remaining lifetime and how do I know when it's time to replace it? 
    4. Do you deduct the cost (e.g. $15k for a roof in 8 years) from the cash flow over the next eight years?
    5. Can a roof be replaced with tenants in the multifamily?

Loading replies...