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25
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15
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Camille Joos-Visconti
  • Investor
  • Shadow Hills, CA
15
Votes |
25
Posts

How much to save for PM, repairs, CapEx, Vacancy

Camille Joos-Visconti
  • Investor
  • Shadow Hills, CA
Posted Nov 2 2016, 13:53

Im currently saving 10% of gross rent for property management (altho self managing), 10% vacancy, 10% repairs and 10% CapEx... My actual current rent income is $3413 but when we move out of this unit I'm estimating gross income of $5813. So saving 10% of gross income for each of these reserves is $581/mo for EACH reserve (total of $2325/mo)... Am i saving way too much for reserves?!

Should i be saving 10% each of current rent income or 10% each of what i could potentially be getting in rental income when we move out?

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