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General Landlording & Rental Properties

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Ben Rasche
  • Investor
  • Chatham, IL
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21
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Cash reserves per unit

Ben Rasche
  • Investor
  • Chatham, IL
Posted May 20 2015, 08:45

Hey guys and gals,

I just purchased 2 single family houses and a duplex to go along with another duplex I currently own.  I'm just curious how much cash I should try to keep in reserves at all times in order to deal with any major repairs/vacancies that may arise. I haven't heard anyone talk about a good guideline for this (i.e., keep X amount per unit in reserves at all times).  What are your thoughts??

Thanks in advance!!
Ben

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