Rising Costs of Owning Real Estate – How Are You Adapting?

[Stuart Udis]

Over the past few years, the costs of owning and operating real estate have climbed faster than many of us expected.  Stricter building codes, added environmental compliance, more expensive building materials and labor,  the re-set on replacement costs continue to drive up insurance premiums are a few examples that come to mind and have impacted my business.  For those of you actively investing or managing real estate, how are you dealing with these cost pressures? Are the costs influencing  or changing your real estate investing strategy?