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Updated almost 5 years ago,
What to do with the money we set aside for Cap Ex, Vacancy, Maint
Hello Everyone,
My question is what do we do with the money we calculated for the Cap Ex, Vacancy %, maintenance repairs, and miscellanous when we get them in our monthly payments from the management team?
Do we set up seperate accounts for this money knowing it will be used later for this purpose?
Do we use it to reinvest into something else until needed?
I am looking to see how people are using this calculated money when it is not in use. I was going to set up another account to store it in and wait for the use but it seemed like a waste of the money and I felt I should be using it to reinvest into something else until it is needed.
Please let me know what people are doing with these calculated $$$ when they are not in use.