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Updated about 6 years ago on . Most recent reply

Bree Castro's profile image
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Bree Castro
  • from San Diego, California
  • Member since Jun 14, 2017
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Bree Castro's profile image
Bree Castro's profile image
Bree Castro
  • from San Diego, California
  • Member since Jun 14, 2017
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Bree Castro
  • San Diego, CA
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General Landlording & Rental Properties

Reserve Funds - Property Management

Bree Castro
  • San Diego, CA
Posted

Hello! 

What is the typical amount that a property management company should keep in one property's reserve account? I believe I have heard around $500. I am in CA. And my understanding is that if a more costly project were to come up then you would hold some of the rent and put it towards a higher reserve for the time being so there is enough money to pay the bill. Can anyone speak on that? 

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