May 8, 2020
In this podcast, you'll learn:
- What are Party Walls?
- In a HOA, the board is required to every certain number of year to have a comprehensive reserve study
- Not tracking all the large scale capital items will make a huge impact on your overall profit on the building
- Main items that people defer that would cost them more in the
long run
- Roofing is huge.
- Painting
- Tracking the life of the water heaters
- Identify your equipment and figure out if its going to make an impact
- Water heaters can go 10-15 years. They typically have machine problems within the 12 year mark
- What is a Cost-Benefit Balance?
- Flat roof can last about 20 years
- At about 15 years in any roofing system you should have a
roofer go out and check the seals around and vent pipe
- Issues that a flat roof can have
-Draining
-Framing
-Pay attn to where the water exit - How to take care of Boilers and Chillers
-Have a maintenance plan
-Having someone who check it that specialize in that equipment
-Take care of the equipment regularly will extend it life
-Systems vary that you can't put a standard life span on it
- Issues that a flat roof can have
- Establish relationships with the property manager and maintenance people.
Book Recommendation: Emerging Real Estate Market by David Lindahl and The 10X rule by Grant Cardone
To connect with Scott, email him at scott@tcibuildingservices.com
Sponsor:
FREE GIVEAWAY: Learn how you can implement the Fix & List
strategy by watching Eric Young’s free video lesson at (https://www.fixandlistsecrets.com)
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