Deferred maintenance can quickly turn a profitable multifamily investment into an expensive problem if repairs aren’t properly identified and budgeted before closing.
In this episode, Charles Carillo explains how multifamily investors can properly budget for deferred maintenance, starting with a physical needs assessment and identifying the remaining useful life of major building systems.
You’ll learn how to:
Identify deferred maintenance during due diligence
Prioritize immediate, operational, and cosmetic repairs
Separate routine OpEx from major CapEx
Budget for roofs, HVAC systems, boilers, parking lots, and other major repairs
Build and fund a reserve account
Avoid relying on property cash flow for major first-year repairs
Charles also explains why being properly capitalized is critical when purchasing and repositioning multifamily properties. SS288- How to Budget for Deferr…
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