CapEx - Reactive or proactive?
Just curious how everyone approaches CapEx. Do you take proactive actions or do you wait until signs of problems?
I have a few properties where roofs and furnaces are getting towards their end of life (17-19 years). They seem to be still functioning but I was wondering whether I should start replacing them or wait longer. I don't plan to sell these properties in the foreseeable future.
Any advice or general thoughts on the subject?