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Updated almost 9 years ago,
Vacancy & repair percentages
If you figure a 2 month vacancy rate and 12% monthly repair expense, do you actually set aside those amounts and save them for future use?
I have had a rental for 6 years that has never been vacant. I can understand saving 12% a month for repairs to have reserves for large items, but if you have a property that isn't struggling with vacancy much do you just pocket that money?
That can make a big difference in the numbers as far as cash flow
Thanks
Patrick