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Updated almost 9 years ago on . Most recent reply

Brad Ratushny's profile image
Brad Ratushny's profile image
Brad Ratushny
  • Investor
  • from Pennsburg, PA
  • Member since May 9, 2014
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Brad Ratushny's profile image
Brad Ratushny's profile image
Brad Ratushny
  • Investor
  • from Pennsburg, PA
  • Member since May 9, 2014
Connect
Brad Ratushny
  • Investor
  • Pennsburg, PA
1
Votes |
21
Posts
Real Estate Deal Analysis & Advice

Question about Repairs / Maintenance Budget

Brad Ratushny
  • Investor
  • Pennsburg, PA
Posted

Good Morning All,

I was hoping to get your feedback regarding how you look at repairs, make ready costs, and renovations.

My challenge is I've seen the advice to budget for 5%-10% for repairs and maintenance.  When a vacant unit needs $1000-$1500 to bring it up to market condition this 5%-10% is quickly blown.

Am I looking at this wrong?

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