Make sure to check out the latest episode from Best Ever CRE, where Andy McQuade discusses some of the price increases on materials and labor coming our way in Q1 and what you can do on your end to minimize and mitigate some of the impact to your business.
How to combat rising material costs in 2024... Step 1 - create a vendor scorecard 💯 Andy McQuade joins the Best Ever Midweek News Brief today to discuss: 👉 Recent JLL reports suggest that material costs are expected to increase in 2024 by anywhere from 2-6% 👉 Electrical and related switchgear costs could be higher as companies continue to face labor and availability issues 👉 HVAC manufacturers and suppliers have also announced price hikes as high as 10% in some cases Andy shares his expertise as to how multifamily operators can evaluate their business plans and put strategies in place to mitigate costs in 2024. Listen and subscribe at the link in the comments 👇 #commercialrealestate #realestate #realestateinvesting #investing #investor #multifamily #2024 Paul Mueller