Planning for the Inevitable: Capital Improvements That Don’t Kill Cash Flow by Kyle Crown
Owning an apartment building in Los Angeles means you’re constantly balancing today’s income against tomorrow’s obligations. Capital improvements: roofs, plumbing, electrical, balconies, seismic upgrades, aren’t optional here. They’re inevitable. The mistake I see most often isn’t that owners underestimate costs. It’s that they treat capital improvements as surprises instead of planned expenses, and that’s how…