Cash reserves held for each of your properties!

[Anthony Phillips]

So I was wondering what sort of reserves everyone keeps on there properties. I know most people are saving a percentage of the rent for vacancies and cap ex. When you do get a property bought and rented are you keeping a set amount in cash for possible vacancies or repairs. For example a few months of the mortgage and some for a repair until those reserves are built up off of your cash flow. I plan on initially trying to keep 6 months of mortgage payments and a few thousand for a decent repair equaling about $15,000. I am wondering if that is too much or too little. Seems like a lot to be in an account and not working but on the other hand I will always have the safety of it being there.

Thanks yall!