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Updated about 14 years ago,
What to do with rental income?
I've been dividing my monthly rental income into 3 buckets.
Bucket 1 goes into repairs for the property
Bucket 2 goes into the mortgage payment
Bucket 3 goes into future investment savings (MM acct due to higher interest %)
I bring this up because it's frustrating. There has to be a more efficient way to responsibly divvy up my monthly rental income.
What is your strategy with your monthly income?