Reserve Funds? How much and how do you measure it?
Hey there everyone! I was curious on how much cash people typically have on hand for "reserves." Think new roof, flood, severe tenant damage, long vacancy etc. I'm sitting on some cash that I want to deploy, but I also don't want to be too aggressive with my money.
What measures do you guys use? 10k per house? 50k?
Or do you use a percentage of the entire house's net worth?
100k total? 200k total?
Just curious to hear how others are structuring their business. Looking forward to hearing from everyone. Thanks.