The Investor’s Guide to Multifamily CapEx & Renovations

Capital expenditures (CapEx) can make or break a multifamily investment. Many investors under-budget for repairs, overspend on the wrong upgrades, or fail to track ROI effectively—leading to cash flow issues and poor asset performance. In this episode, we break down how to prioritize renovations, avoid common CapEx pitfalls, and maximize returns in multifamily real estate. Key takeaways: ✅ The biggest mistakes investors make with CapEx ✅ How to strategically plan renovations to increase NOI ✅ Why budgeting for the right improvements matters ✅ The difference between CapEx and OpEx – and why it’s critical Join Mark Faris and John Makarewicz as they share real-world insights from recent deals and discuss the importance of efficient renovations, smart budgeting, and proactive property management.