Above and Beyond, Validating the Rule

[Anthony Larson]

We gone into great detail in a previous thread. I was wondering if on this thread we could go into great detail. Everything that is including on the 50% rule. Maintenance, Management, Taxes, Upkeep, Legal, Accounting, community utilities,

I was wondering if someone out their could, break about the list and say what is included in each, as well as things to look out for. Or ways to keep expenses in each categoy lower, or atleast around the 50%.

I think this is a good idea and I hope it works out.

[Michael Rossi]

Yes, the reserve account comes from the left over money at the end of each month that you didn't spend on the various expenses. For example, many months, you may not have any capital expenses because you didn't replace a roof or a furnace, etc. Therefore, you would save that for the months when you do need to replace these items.

Mike