Updated about 5 years ago on .
What does maintenance and repairs cover
Hello all! I am currently working on my first deal which will be a house hack and this is a basic question, but what exactly should I be using maintenance/repairs for? Should half of my budget (5% of the totals rents) literally go for repairs and half for lawn care, cleaning, bug service etc. I am house hacking a SFH. Or should I budget for the maintenance side separately? Also when budgeting for vacancy I'll be setting aside 10% of the total rents which my numbers show will be 3.5 months of PITI a year, assuming I have 6 months of reserves specifically for vacancies at all times and only 2 months of actual vacancy would I take the remaining 1.5 months of over estimated vacancy as pure Cashflow?