What % of gross rents should be allocated to repairs

[Alex Aronson]

Hello,

Just finished my taxes for 2008. I noticed that my % of cost from repairs compared to gross rents was 4.7%. I currently budget 10% of gross rents for repairs. IE if rents are $800 a month, I set aside $80 for when repairs are needed.

For the experienced folks, what is your average % for repairs you set aside and experience.

Thanks,