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Updated about 5 years ago,
How much do you budget for CapEx and Repairs on single family?
I am interested to hear from real-world investors on how much you budget for Capital Expenditures and Repairs into their single family, buy and hold rental properties. It's obviously very difficult to find cash flowing properties in this market and I'm curious about who follows Brandon Turner's advice on setting aside $180 per month for CapEx + $50 for repairs. I've also read HOLD by Gary Keller who recommends 3-6% of monthly rental income. (roughly $90 per month in my market) A huge difference from the $230.