Reserves and Rental Property Home Insurance

[Sam Booth]

Hi all,

I have 2 rental properties in Alabama. Both are in outstanding condition and everything is currently going great with tenants, etc.

What sort of reserves do you usually have in hand for repairs and CapEx?

What sort of home insurance do you have? My current policies cover fire damage (required by loan company) and are about 800 to 900 each a year. Is that a good deal or too high?

Thanks so much!