Updated over 4 years ago on . Most recent reply

Pencilling in expenses with little building info?
Hey Canadian BP'ers,
I need help penciling in expenses as a best guess before potentially making an offer on a building in Moncton NB that is larger than I've owned in the past. I have yet to walk the building (I've seen some pics and it looks decent inside) nor do I have details yet that insurance brokers typically ask for.
I need help penciling in expenses as a best guess before potentially making an offer on a building in Moncton NB that is larger than I've owned in the past. I have yet to walk the building (I've seen some pics and it looks decent inside) nor do I have details yet that insurance brokers typically ask for.
The building:
-14 unit, brick exterior, 70-80 years old, older wooden windows, hot water rad heating
Expenses I need help with:
Insurance:
Cleaning:
Garbage removal:
Hot water rad heating:
Hoping to leverage your guys and gals experience on this one to get a rough idea.
Thanks!
Ryan
Most Popular Reply
@Ryan Kenneth If you are not able to get the info, you can use a rough % is 40% expenses. If you have to pay a double owner tax for being non resident then you will want to facture that into your expenses to or if pest control is needed. Usually 40-45% is a good estimate. Good luck.