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14 September 2021 | 11 replies
There were definitely a lot of comments on the report but the main one that the inspector pointed out was replacing the gutters and route the downspouts away from the house, adding gutters to the garage and putting a back flow valve on sump pump.
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13 September 2021 | 2 replies
If something big is going to need to be replaced soon (eg 1-2 years), do it when you do the other renos to minimize problems when tenants are there.
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13 September 2021 | 4 replies
We've put in a ton of sweat equity with refinishing the floors, replacing windows, upgrading electrical, and just general remodel.
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19 September 2021 | 2 replies
Not doing any major structural work, just some walls, electrical cleanup, furnace replacements, roof, kitchen cabinets, and carpet/paint aesthetics.
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13 September 2021 | 0 replies
None of them were replaced in the time since.I can allocate some % of rent as capex, but it would make sense only if the upcoming repairs/upgrades are atleast a couple of years out if not more.
13 September 2021 | 0 replies
So they will need to be replaced relatively soon.
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15 September 2021 | 4 replies
Those things can be really costly if found to be needing replacing, and the sooner you know about them, the better.Yes, you will definitely want to see what kinds of permits you will need, easier than having to tear down anything you do, and start over.
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14 September 2021 | 8 replies
@Chris Hamrick it would need to be contractors but if you have to replace a heating system or do major work you are going to use a contractor correct?
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16 September 2021 | 7 replies
And their replacement portion needs to be treated as investment - so rented to you.
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21 September 2021 | 44 replies
I have yet to have to replace flooring due to kids going to the bathroom on the floor haha