Rental Property Investor · Overland Park, KS · Member since 2015 · 492 posts · 234 votes
For the experienced investors out there what are you budgeting for maintenance. What I mean by maintenance is when the tenant clogs the toilet, door knob loose, etc. This is not replacing cabinets, flooring, etc. My thought is it depends on the type of tenant you would get in the area.
A-class neighborhood = $/m
B-class neighborhood = $$/m
C-class neighborhood = $$$/m
Currently I set aside $1,000 year for B-class SFH 3 bed, 2 bath.
Investor · Buffalo, NY · Member since 2016 · 668 posts · 209 votes
9y
The tenant is part of the equation but the age of the building is more important, similar to cap rate. Maybe 4% < 10 years, 8% 10 - 20 years, 12% 20-30 years, and 16% > 30 years as a ballpark but "your results may vary." Best of luck with your investment.