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Updated about 6 years ago on . Most recent reply

Khari Lewis's profile image
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Khari Lewis
  • from Tallahassee, FL
  • Member since Dec 17, 2018
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Khari Lewis's profile image
Khari Lewis's profile image
Khari Lewis
  • from Tallahassee, FL
  • Member since Dec 17, 2018
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Khari Lewis
  • Tallahassee, FL
2
Votes |
13
Posts
General Landlording & Rental Properties

How much cash reserve

Khari Lewis
  • Tallahassee, FL
Posted

What is a good amount of cash reserves should I have for maintenance and unexpected expenses of each rental property?

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Taylor Chiu's profile image
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Taylor Chiu
  • Real Estate Agent
  • from Salt Lake City, UT
  • Member since Feb 16, 2014
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Taylor Chiu's profile image
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Taylor Chiu
  • Real Estate Agent
  • from Salt Lake City, UT
  • Member since Feb 16, 2014
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Taylor Chiu
  • Real Estate Agent
  • Salt Lake City, UT
230
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473
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Taylor Chiu
  • Real Estate Agent
  • Salt Lake City, UT
Replied

6 mo reserve (mortgage + expenses) is a good baseline. Plus once you get enough mortgages the banks will require it.

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