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Updated over 9 years ago on . Most recent reply

What rule of thumb do YOU use to calculate maintenance expenses?
I've heard a lot of conflicting advice over the years on how much to "estimate" maintenance expenses for when doing a quick analysis of a deal. I've heard things ranging from "15% of gross rent" to "$2 per square foot to maintain in its current condition + $0.50 per square foot to be put in savings for a rainy day fund".
Obviously you need to go in more depth when seriously considering a deal... but what is the rule of thumb that YOU tend to follow when estimating maintenance expenses?