Reserve Fund Contributions

[Jason Porto]

I've been house hacking my place (I rent out a 3-bed 2-bath residence and live in a small in-law unit in the back) for just about 3 years and have been setting aside money each month for my reserve fund. I'm getting to the point where I have a good chunk saved and am wondering what guidelines people follow to know when they can start tapering off the contributions or stop them altogether.

What rules of thumb are out there that people use? Let me know your thoughts.

[Jason Porto]

Thanks for the responses! They're all good answers that matched the "it depends" mentality that I was expecting. In general I'm saving for repairs to the property, but we all know that this covers a wide spectrum. In the end it's my responsibility to forecast any big projects that may happen in the next few years and make sure I'm covered for those. In my case it's probably going to be the roof. Beyond that, any excess cash I have will either go into investments or into savings for a down payment on my next property that I can house hack again.