Need to replace a roof
My first property has had two whammy's against it.
#1 Numerous repairs from day 1. Partly due to the property but partly due to a finicky tenant.
#2 Property manager tells me the roof needs to be replaced - $4500 costs.
At the time of purchase about 1.5 years I got a credit for $2000 for the roof because the inspection said the roof was in poor condition.
My mistake was listening to the property manager (who sold me the property) and now replacing the roof at the time of purchase and rolled the cost into the loan.
Now my question is the legistics of replacing a roof. what happens to the tenant when the roof is being replaced? Do I have to pay for the tenant to move out temporarily during construction? I have no experience with changing a roof?
thank you. Oh by the way, the roof cost is wiping out my entire cash flow from the past 1.5 years since i bought the property. Ouch!