Updated almost 5 years ago on . Most recent reply
Reserves vs. Monthly Savings
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