All Forum Posts by: Seth C.
Seth C. has started 15 posts and replied 62 times.
Post: Where do you keep your contingency funds?
Seth C.Posted
- Investor
- Monterey, CA
- Posts 62
- Votes 7
Do you use a CD for a percentage of rental deposits? There is no way everyone will leave at once barring natural disaster.
Post: Where do you keep your contingency funds?
Seth C.Posted
- Investor
- Monterey, CA
- Posts 62
- Votes 7
This is my first BiggerPockets post as a new investor. I am curious, what types of accounts/investments are people using for maintenance/repair funds and/or rent deposits? Are there any rules of thumb in terms of percentages of reserves requiring immediate liquidity, 3 month liquidity, etc?