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Updated about 7 years ago on . Most recent reply

Account Closed
  • Greenwich, CT
25
Votes |
21
Posts

what are normal repair/maintenance expenses per unit per month?

Account Closed
  • Greenwich, CT
Posted

I have a 7 unit C class building built in the 1960s, and I feel as though my management company is charging me absurd repair and maintenance fees. What are normal repair/maintenance expenses per unit per month? 

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162
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Steve S.
  • Investor
  • River City, Manitoba
193
Votes |
162
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Steve S.
  • Investor
  • River City, Manitoba
Replied

5% of rent for month to month maintenance and 10% for CAP ex. I self manage. If there's not a big expense one year where I don't use the funds from the cap ex acct. I will roll it over to the next year but usually will spend it at max every 3 years to make sure the place is always on the up and up and it helps with tax deductions.

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