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Updated about 1 year ago on . Most recent reply

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Edwin Lopez
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Managing gross income from business

Edwin Lopez
Posted

What’s a good rule of thumb to follow when starting a business or owning multiple properties for how much you should set cash aside to go towards the mortgage, expenses, emergencies and paying yourself? Thanks in advance!

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Drew Sygit
#1 All Forums Contributor
  • Property Manager
  • Royal Oak, MI
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Drew Sygit
#1 All Forums Contributor
  • Property Manager
  • Royal Oak, MI
Replied

You may want to consider targeting 3-6 months of reserves to cover all your expenses, so you can survive surprises.

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Logical Property Management
4.9 stars
131 Reviews

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