Never before has the P&L statement become so vital than in this most cloudy and turbulent real estate market.
Energy costst are now in full focus for all types of investment real estate.
Buyer-investors need some rather hard (and verified) numbers and factual data on all types of property "energy related expenses."
The mega-high cost of energy was a financial problem, for investment real estate, just waiting to happen. Recall the "energy crisis of the 1970's.
Building have to be heated and cooled! Many energy inefficient properties will see profits decline.
My recommendation for any investor-buyer is to now see at least 3 years of all P&L's plus copies of energy related statements and bills.
What are we looking for:
Heating and Cooling cost
Electrical cost
Real Estate Taxes
Snow removal
Plus one will now need a good, qualified assessment of the "efficiency," age and conditions of all heating and cooling units such s boiler's, furnace's and air conditioner units.
More to follow
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