Hi Simon,If you have a boiler, you might want to understand its parts and how it works--in detail.There are steam boilers, and water boilers, water tube systems, and fire tube systems.They all have different parts that can fail, and some have redundant parts to keep heat on if there is a failure and some don't.If you know your stuff about this big ticket item, you will be less likely to be at the mercy of an overcharging repairman.Just my 2 cents.Good Luck!

Call the contractors and interview them-How many jobs do they currently have, when could they potentially start on yours, how many men will the have on the job, How do they bill for projects, have them meet you at the property to bid the job and provide plans and Scope of work before you meet so they can come with a rough number and then provide a line item bid.

The management fee is negligible, but the additional fees on questionable items are becoming an issue.

Hi @Allie Barke, CapEx or condos are waaaaaaaaaaaaaay lower. https://www.biggerpockets.com/blog/2015/10/13/real-estate-capex-estimate-capital-expenditures/The article does a good job of listing the costs line item, but does require adjusting based off the quality of your condo, and your market. 

Hi Michael, it's because locations are at the bill/invoice level while as classes are at the line item level.

There are several out there that cover the basics, and then you can add on items like a hot tub.  

Any terms that I need to clarify on the initial conversation? 

@Redha Laafia you can also talk to sub-contractors  and develop a price list for items like roofing, painting, kitchen and countertops, flooring etc. those are very easy items to standardize. 

those items can come into play as your portfolio expands.to start, simply find find a decent property that isn't too overwhelming and learn by doing. 

Send me a message and I can help assess the property for conversion.