Repairs and Maintenance
By Bruce Firestone | Uncategorized
A lender recently wrote this to a client of mine: What is your estimate for Repairs/Maintenance? My experience is that everyone grossly underestimates R/M. Here’s my comment: I think he’s right about repairs/maintenance. If a structure has a life of 100 yrs, that’s 1% per year of depreciation on a linear scale. But a lot of […]