60k-80k rental properties - maintenance after 10-15 years

[Aviv Berkovitch]

Hey,

I would be happy to hear the opinion of investors who invest properties of $60k-$80k.

In all the books, podcasts, articles I have read / heard.. there is some assumption of 5% rule of the annual rent that should allocate for the regular maintenance things.

But for some reason, no one talk about the fact that after 10-15 years holding this kind of properties, it is probably necessary to start replacing the essential things at the property. Such as roof, furnace and more .. it is not mandatory that in one property you should replace everything, but in this kind of properties since they are not new.. in each of them you compermise on something when you purchase it.

What is you strategy after 10-15 years holding this kind of properties?

Thanks

[Jay Hinrichs]

keep in mind its not only major items a rental that has been in service for 15 years could easily have dry rot all over it. could need new paint on the outside..  cabinets beat to crap need replacing  appliances  light figures 

floors replaced redone.. PLUS Roof  electric panel  plumbing and probably waste line to the street ( big money)

especially if your going to sell.. new buyer gets home inspection and well think about when you purchased you wanted all those items fixed..