You can't just dial up a lender and pull equity for repairs.

Whether it be Taxes or property repairs, maintenance, capex, reserves are crucial to ensure your property stays afloat. 

We decided to keep that tenant.After we took ownership, the remaining tenant started making multiple repair requests—bathroom, windows, and also suspected mold.

And I didn’t even see it coming.One of my rentals had an urgent repair.

Why do you think repairs or capex would be a percent of rent?

This can include covering closing costs, paying for repairs, or dropping the price.Not sure which concessions to offer?

This week we discovered some issues that must be repaired immediately.

@Dominic EberhardtHey Dominic, partnering with your grandmother makes sense since the mortgage stays in her name and you can use your savings for repairs.

Quote from @Junior Maravel: I would use a PM software, and have a vendor list on standby for anything that might go bad with emergency calls or issues that come up with repairs/maintenance.

Shared expenses such as insurance or roof repairs are usually divided based on square footage or number of units, while costs that only apply to the rental are fully deductible.