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Updated about 3 years ago on . Most recent reply
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What counts as Cap Ex?
Hi all!
What do you guys consider to be a cap ex item?
Each month I set aside a percentage of rent collected and place it in a savings account so that it builds up and is eventually ready to go towards the costs of large cap ex items that come up (roofs/furnace/driveway etc).One of the more common expenses that comes up is on unit turnover where a tenant has stayed for years and the unit needs new floors/paint before the next tenant moves in.
Does anyone consider those to be cap ex? Are you dipping into your cap ex reserve fund to cover those?
Thanks guys
Ryan