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Updated over 6 years ago on . Most recent reply

James Stinnett's profile image
James Stinnett's profile image
James Stinnett
  • Real Estate Broker
  • from Long Beach, CA
  • Member since Apr 2, 2018
  • Posts 45
  • Votes 15
  • Experience 21 Yrs
  • Investments 1
Connect

User Stats

45
Posts
15
Votes
James Stinnett's profile image
James Stinnett's profile image
James Stinnett
  • Real Estate Broker
  • from Long Beach, CA
  • Member since Apr 2, 2018
  • Posts 45
  • Votes 15
  • Experience 21 Yrs
  • Investments 1
Connect
James Stinnett
  • Real Estate Broker
  • Long Beach, CA
15
Votes |
45
Posts
Mortgage Brokers & Lenders

Question for Property Managers - How do you set Reserve Amount?

James Stinnett
  • Real Estate Broker
  • Long Beach, CA
Posted

For the PMs out there, or for landlords that use a PM. 

Is there a rule of thumb for setting a reserve amount? 

What factors are considered? 

Do most PMs have a company wide policy that owners must agree to on reserve amount?

Any insights would be appreciated!

Thank you,

James

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