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Updated about 3 years ago on . Most recent reply

User Stats

79
Posts
13
Votes
Menachem Krasnjanski
  • Rental Property Investor
  • Spring Valley, NY (spring valley ny)
13
Votes |
79
Posts

Emergency fund for motel

Menachem Krasnjanski
  • Rental Property Investor
  • Spring Valley, NY (spring valley ny)
Posted

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.

Most Popular Reply

User Stats

79
Posts
13
Votes
Menachem Krasnjanski
  • Rental Property Investor
  • Spring Valley, NY (spring valley ny)
13
Votes |
79
Posts
Menachem Krasnjanski
  • Rental Property Investor
  • Spring Valley, NY (spring valley ny)
Replied

@Ronald Rohde thanks for the follow up. Sounds right, I'll keep it in mind when making my calculations.

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