What do you do with estimated repairs?

[Laramie Hiebner]

If you calculated say 200 a month in repairs and you make no repairs that month. Do you count that as cash flow or put towards cap ex? What are people doing in that situation?

[Kristina Heimstaedt]

Up to you. We try to analyze the numbers for each property. Our best performers get cap ex when they don't have repairs. Maybe it goes in your pocket as a nice little bonus. Maybe you choose to put it in a "no repair" jar and it goes towards a new property or something else. Maybe you set it aside for rainy day policy in the off chance that you might have a more significant problem down the road such as roof, HVAC, etc. 9 times out of 10, there is no wrong answer, it's just how you choose to appropriate the funds.