Property Management Budget

[Tim Moore]

I've been listening to a lot of the podcasts and reading in the forums and I have a question about analyzing and budgeting for a new property. The topic of budgeting for property management comes up a lot during the podcast and I was wondering if you're actually supposed to set that money aside every month even when you're not employing a property manager. Or, if you just have it in the budget so when that time comes around you know ahead of time that you won't go into negative cash flow.