Updated almost 11 years ago on . Most recent reply
- Rental Property Investor
- Fredericton, New Brunswick
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The Mother Nature Contingency
Mother Nature ... gotta love her!
In the past 10-days we've received 36+ inches of snow, which is above normal for this early in the winter (Jan & Feb are usually the big snow months). In addition to the snow, we received about 36hrs of freezing rain on he 22nd & 23rd which put a 1/2" layer of ice on the snow that was already down.
The ice sidelined three blowers from our snow removal service {I think someone was using regular 5/16" bolts and not shear pins} and put them hopelessly behind on snow removal ... to the point where we had to bring in someone else to get the job done.
Across our multi-units, each snowfall represents $175 in snow removal charges (our student houses are responsible for their own snow removal) based on actuals from past years, we budget $500/mth from December to April for snow removal. We are already 50% over budget for December and another 6" are forecast for Monday :-|
At this rate, we're on a curve for a 4-5K winter ... yet another reason you need to maintain adequate contingencies!