Saving $50k and months of holding cost

[Daniel Scruggs]

Hi Everyone,

Hope everyone is enjoying this Friday, I want to share a recent experience regarding sprinkler systems/permits in Philadelphia and how they are required on 3 units or more, also including converting a duplex into a triplex, quad, etc.

We're currently working on a project converting a triplex to a quad in Philly that we originally believe we would have to add a sprinkler system to the property. However, after some research and a little back and forth with the architect we were able to find out that Philadelphia has some exemptions for sprinkler systems/permits. Fortunately for this project, it fell within those exemptions ultimately saving approx. $50K for material/installation along with months of holding cost that will no longer have to wait for permits to be issued.

Of course, this will not happen for every project but it's just a little reminder to make sure you and your team do their due diligence. It can turn a good deal into a great deal!

Have a good weekend,

Dan

[Joshua Messinger]

Thanks for sharing this @Daniel Scruggs! 

Would love to connect more! 

Cheers,

Josh 

[Eric Greenberg]

Would love to hear how you and the team were able to skirt around adding sprinklers. One of the reasons I havnt pushed to add more units to the variance at the red house. 

[Daniel Scruggs]

Quote from @Eric Greenberg:

Would love to hear how you and the team were able to skirt around adding sprinklers. One of the reasons I havnt pushed to add more units to the variance at the red house. 

Hey Eric, 

No problem, let me know when you have some free time to discuss. 

[Daniel Scruggs]

Quote from @Joshua Messinger:

Thanks for sharing this @Daniel Scruggs! 

Would love to connect more! 

Cheers,

Josh 

 Hi @Joshua Messinger,

I just sent you a connect request, let me know when you have some free time to discuss. 

Thanks

Dan