How much do you keep as an emergency fund for rentals?

[Mel Rosario]

I have read that 6months worth of emergency funds should be set aside, usually refers to personal emergency issues.   Do you keep a separate emergency fund for your rentals?  I have 8 Class A/B rentals and recently, I had 4 empty rentals.  Some because of eviction, recent purchase, and lease termination.  It took a minimum of 2 months to fill 1 place, but 6months to fill after all the damages/wear/tear from the eviction, the other places took about 2months for the right renters.  I used a lot of money to keep up the payments and for repairs.  My total gross is approximately 20k/month.  

Thanks

[Henry Lazerow]

I just keep a taxable brokerage account at 85% VTI and 15% short term bonds. If I need capital and the stock market happens to be down I just pull off the liquid 15% short term bonds and refill it slowly over time. Works much better then having money sitting dead in cash. You can also use a HELOC if you have one for emergencies.