CapEx reserve account at selling

[Fran Arti]

Hi!

Hope you guys are great.

Few weeks ago saw on the internet, might be youtube than the reserve account for capital expenditures in a multifamily property are handed to the new owner after selling. Is this the standart normal procedure in the industry? 

Have been learning a lot with GC videos and he mentions that running a multifamily is, almost always above 35% expenses to be subtracted from the income but have been analyzing deals (+5 yrs old) and almost always the expenses are very little.

Love to have your insight. Thanks, by the way.

[Brian Adams]

@Fran Arti if you are suggesting any remaining funds either held by the property or lender for Capex reserve funds not spent is handed over to the Buyer upon sale - NO that isn't accurate or correct.

If I misunderstood your question, please clarify.