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Updated about 4 years ago on . Most recent reply

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63
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William C.
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63
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Capital Expenditures in Florida (Roof/AC)

William C.
Posted

For any members that invest in the state of Florida, when it comes to calculating capital expenditures (specifically a new roof and AC unit), how long do you estimate the lifespan of these items to be? If you go off some examples in the The Book on Rental Property Investing a roof is estimated to have a lifespan of 25 years. An AC unit is estimated to have a lifespan of 20 years. I have always been told these figures are certainly different in Florida (for obvious reasons). I am just curious what well-versed professionals in the area use for their calculations. My property is specifically in Sarasota. So on the Gulf side, near the middle portion of the state. Thanks in advance for any insights you can share.

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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
6,551
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Replied

I did these new roofs...

this one was $9500 but your house is bigger...maybe you could save 2-3K

I did this roof--


I did this new roof

I am hiring the same guy every time. I think he quotes a bit higher but gives me a break because he knows he will get all my work. However, IT IS WORTH YOUR TIME TO CHECK AROUND. I don't know your PM company. I just opened one myself but feel it is my duty to shop for the best deal for my customers. 

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