All Forum Posts by: Jeffrey Edwards

I would suggest possibly starting with some baseline numbers.  Now unless you have more than a few deals under your belt, you're not going to know every cost for every item.  I like to refer to the BP book from J Scott "The Book on Estimating Rehab Costs".  I use this book as a guide/reference and it seems to be fairly accurate for it's range of numbers.  From there you can create your own list to keep track of varying prices in your market.  

I personally would have just either paid the repair cost (albeit higher right now) or replaced it.  You can't expect the tenants to be happy with a non-working dryer for over a month.  Easy fix that could be a bigger headache down the road. 

Where on these estimates are you guys factoring in property taxes and insurance?