How do you calculate your maintenance budget?
For those of you owning or managing 100+ units: How do you calculate your maintenance budget?
I've heard a lot of people say $50/unit. Example - 200 units. $10,000/month for materials and labor. So if you have a maintenance guy on staff that gets paid $4K/mo you have $6,000 to cover all materials for general maintenance and materials for turnovers.
Is this how most of you do it or not?