The Budget Season Blues (Continued)

Part two of our exhilarating series on the “B” word…

That’s budget for you non-real estate people.

This is…The Budget Season Blues, Part II

Trapped at Your Desk? Think “Budget Season, Budget Season, Budget Season!”

By: Nicholas A. Dunlap, CPM 

Pre-Budget Prep

Prior to preparing a budget, walk the property and study the current condition of structures and surfaces.  Maintenance can be one of the biggest line items on the budget, so it is imperative to factor in potential upgrades or repairs that could become necessary within the year.  If you have a preferred relationship with a vendor, have them walk with you to provide approximate costs or additional insight.