It’s an epd rubber roof (tear off and removal about $12-$16/square foot in this case) and it’s a 350 unit building so it’s like 15,000 square feet (it takes up most of a city block)
Plus it’s 90 years old so lord knows what condition the joists/insulation are once you dig into it
I’ll give you an example. I just had to flip this apartment last month.
Tenants destroyed the unit, didn’t pay rent for 6 months finally they left.
- $650 garbage remove charge
- $350 paint
- $2200 new carpet
- $400 new vinyl
- $250 cleaning
+ 6 months of lost occupancy around ($1350/month) so like $8k
+ $1000 in legal fees to evict
Tenant didn’t get the deposit back but they obviously don’t have any money so can’t sue them. Even if you win you never collect.
So management out about $10k
I hear you about shitty landlords, I do, my only argument is tenants are shit heads too. Then they call landlords “parasites” while destroying the property and getting uppity about how unfair life is.
Moldy 🤮
Idk I actually agree with Elftummy though. I’ve been doing multi family housing for 12 years.
People are literally shit and treat properties so badly. Sometimes the quick fix is all the tenants are worth.
That being said, it’s very income dependent. Higher end places typically do things properly/follow building codes.
Idk there are some shit head landlords but there are a lot more shithead tenants.
This mold one - an actually repair would involve 1000s of dollars of work and would displace the tenant causing even more expenses - plus it’s a roof leak on a 95 year old building so “solving this probably correctly” could very well be a 250k expense.
Idk just some perspective. 🤷🏻♂️
I know 😅
Be me, ask maintenance guy why there’s a bike in the maintenance shop.
“Oh, random bikes keep showing up in the parking lot”
*ie the dindus steal them and bring them back
“You can go ahead and have one if you want”
MFW maintence guy offering me a bike someone stole and left in the parking lot 😅😭
I know ahahaha
It’s the downside of being self employed. I can bounce whenever I want but trying to be accountable 😭😅
Ooooooo that does sound good. Idk I have another 45 minutes of work and then an hour of traffic 😭😭😭
Or maybe a wrap?
Maybe a Rueben?
Idk feeling adventurous today 😎😎😎
I wanna go home lol I’m sick of this week.
Plus it’s Friday so burger time after work 😎
Sprinkle some baking soda on it…
https://clew.lol/media/e22f5f75-2876-408a-a968-936db07ff8ab/IMG_7379.MOV
Sending thoughts and prayers for your fingers
True interaction
*dindu couldn’t even spell
So, I was just shootin the shit with a property manager and learned something.
Apparently if you are a drug addict (alcohol, pills, meth, heroin, etc) it’s considered a disability and the government will grant you subsidized housing
So, there’s that.
Do drugs, get free housing 🙄🙄
It is
nostr:note1xngvd308s45z7slde9tl07gp6hmsma88y20wratvkc0jpghta4vs346ru8
The bar is low and he is willing