Apartment & Multifamily Repairs & Renovations
http://karenhanover.
com/
Cash flow is king in apartment & multifamily project
investment.
A major component of expense of operation
are repairs and renovation.
The condition and age of
equipment and...
More
Apartment & Multifamily Repairs & Renovations
http://karenhanover.
com/
Cash flow is king in apartment & multifamily project
investment.
A major component of expense of operation
are repairs and renovation.
The condition and age of
equipment and structures will obviously greatly influence
these costs, and there s not a lot that can be done about
this, unless renovation can improve the situation, and
holding the property will recoup the cost in increased rents
or lower vacancy rates in the future.
But, the costs of repair and renovation are also greatly
influenced by management choices of material and service
contractors.
If in-house maintenance is on salary, it s still
a cost, and most of these considerations will still apply.
Repair Contractor Selection
Low bid is sometimes the way to go in selecting a repair service, but only if the specifications
of the work are clearly set out in detail in writing.
As this is rarely the case, especially when
there is a lot of equipment, heati
Less
