All Forum Posts by: Austin Bird
Austin Bird has started 1 posts and replied 2 times.
Post: Is this a good estimate for expenses or overkill?
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- Votes 1
@Jaron Walling Thanks for the reply! This is just a general spreadsheet for calculating capex, regular expenses, vacancy, etc. I just wanted to make sure that 8.5% for vacancy, 7% for repairs, and 11% for prop management is relatively accurate. Also, these aren't problems that need fixed. I was just trying to put together what I should budget for capex. On page 117 of Brandon Turner's "The Book on Rental Property Investing" he has a chart to calculate capex and I did my best to recreate this with more accurate prices (in the book he only budgets $5000 to replace a roof). Here are some answers to your questions:
#1: I do not, I was thinking 25k for a "replacement" might be close, but I have no idea if I'm being honest. What would you budget for this capex?
#2 12K is supposed to be just for the cabinets and countertops (assuming brand new). What would you say is more accurate for a standard size kitchen with labor included in a 800-1200 sq ft home?
#3 Would the 6k with labor and materials be a more accurate estimate?
Post: Is this a good estimate for expenses or overkill?
- Posts 2
- Votes 1
I've put together this excel document after reading Brandon Turners "The Book on Rental Property Investing". I'm not sure if I'm budgeting too much for expenses or if that's just how the market is in my area because it is very difficult to find anything that cash flows positive. Here is the excel document:
(this is assuming a SFH 3bd/1ba 1200 sq ft)
Please let me know your thoughts. Thank you.