Canadian Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 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 I'd suggest reaching out to your PM to help estimate expenses for a prospective property. Here is what I have for costs on a 22 unit building in Moncton:
Insurance: $7500
Cleaning (common areas, with 4 entrances, 3 stories): $1,000
Garbage removal: $4,000
Radiant heating.... only applies to 3 units in the basement, so not comparable.