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Updated over 4 years ago on . Most recent reply

Shane Elias-Calles's profile image
Shane Elias-Calles's profile image
Shane Elias-Calles
  • Developer
  • from Orange County, CA
  • Member since May 30, 2019
  • Posts 80
  • Votes 53
  • Experience 6 Yrs
  • Investments 3
Connect

User Stats

80
Posts
53
Votes
Shane Elias-Calles's profile image
Shane Elias-Calles's profile image
Shane Elias-Calles
  • Developer
  • from Orange County, CA
  • Member since May 30, 2019
  • Posts 80
  • Votes 53
  • Experience 6 Yrs
  • Investments 3
Connect
Shane Elias-Calles
  • Developer
  • Orange County, CA
53
Votes |
80
Posts
General Landlording & Rental Properties

Reserves vs. Monthly Savings

Shane Elias-Calles
  • Developer
  • Orange County, CA
Posted

When people purchase a house and go through a large renovation (new roof, rebuilt hvac, etc.) what is a good percentage to set aside for vacancy and repairs?

Also, if one were to have say 5k in reserves, should the investor stil set aside the monthly percentage for these things? or only start contributing those percentages once part of the 5k is spent?

thanks,
Shane 

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