Updated about 7 years ago on . Most recent reply
Stockpile cash/cashflow rentals
Hello BP,
Newbie here..So I noticed that quite a bit of folks hold a stockpile of cash for each rental property that they have to be safe. Say you buy a reasonable priced home that's in fairly good condition low maintenance and you have 20k stockpiled specifically for that home for emergencies vacancies and so forth. On top of this stockpile do you still take a good percentage from the income that property is producing and set aside money for vacancies, repairs, cap ex, etc or do you adjust since you have so much stockpiled and maybe fill it up once that money goes below a certain threshold.