The Best Ever CRE Show JF3832: Forensic Engineering Insights, Preventative Maintenance Strategies, & Critical Property Inspection Tips ft. Stanley Stoll
Mar 2, 2025
Stanley Stoll, CEO of Knott Laboratories, dives into the critical world of forensic engineering and infrastructure assessment. He reveals that 99% of structural issues arise from water-related problems, making early detection vital for investors. Stoll discusses the 'rule of fives,' where small preventative investments can avert major future costs. The conversation highlights the evolution of building codes, the unique challenges of retrofitting historical buildings, and stresses that moisture management should be a top priority for real estate investments.
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Pre-Purchase Due Diligence and Preventative Maintenance
- Conduct thorough due diligence, including robust building evaluations, before purchasing a property.
- Early detection and preventative maintenance can save significant money in the long run.
Moisture Management
- Most structural problems stem from water-related issues, either moisture intrusion or ground movement.
- Consider moisture management as your top priority when evaluating potential acquisitions.
Reserves for CapEx
- Establish healthy reserves to cover unexpected capital expenditures (CapEx).
- This safeguards your investment and facilitates easier loan acquisition.