Updated about 3 years ago on . Most recent reply

Menachem KrasnjanskiPoster
- Rental Property Investor
- Spring Valley, NY (spring valley ny)
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Emergency fund for motel
Good afternoon, what calculation do people use in setting aside money for the emergency fund of a motel. Do you put aside 3 months of operating expenses, 1 month, 6 months. I'm doing the first distribution for my facility and we're trying to figure out how much to leave in the property. Thanks so much.
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Menachem KrasnjanskiPoster
- Rental Property Investor
- Spring Valley, NY (spring valley ny)
- 13
- Votes |
- 79
- Posts
@Ronald Rohde thanks for the follow up. Sounds right, I'll keep it in mind when making my calculations.