Capital expenditures are a beach!

[Max T.]

Everything below is for the same property, a duplex in Fishtown neighborhood of Philadelphia. I start to have some stucco work done on the exterior. When the mason removes the old stucco he finds a wooden beams spanning the width of the property that is severely compromised with rot. Between exploratory demolition and a site visit from the structural engineer I've already spent $100 on this. I'll be spending another $800 for the engineers sketches. I'm expecting to spend anywhere between five and $8000 to get the beam replaced. Tenant lets me know that one of the water heater is leaking in the basement. I arranged to have both water heaters replaced because they are both very old. No big deal. Cost is just under $1500 for the pair and labor. Contractor gets to work on the water heaters today and breaks the Watermain when attempting to shut off the water. The pipe is an old lead piece over 100 years old and the break happens before the shut off valve. Thankfully the basement is unfinished and the large quantity of water that came in did not cause damage. But now my tenants will be without water until Tuesday until the plumbers dig up the sidewalk and replace the water supply line to the house. That will cost $4500.

[Alexander Felice]

Yeah but we are thankful for you keeping the economy going strong Max!!!

Posts like this are the reason I never fix anything in my houses, it's much cheaper this way  ......(hopefully obvious sarcasm)