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Updated about 3 years ago on . Most recent reply

User Stats

30
Posts
12
Votes
Ryan Kenneth
  • Investor
  • Vancouver BC
12
Votes |
30
Posts

What counts as Cap Ex?

Ryan Kenneth
  • Investor
  • Vancouver BC
Posted

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

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