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Updated almost 6 years ago on . Most recent reply

User Stats

128
Posts
34
Votes
Mahmoud Y. Elhalawany
  • Real Estate Consultant
  • Raleigh-Durham NC
34
Votes |
128
Posts

How do you guys keep your capex and reserve accounts?

Mahmoud Y. Elhalawany
  • Real Estate Consultant
  • Raleigh-Durham NC
Posted

Hey guys how do you keep your capex/vacancy/repair/reserve accounts? Do you guys create a different account for each property to keep track of it better? Do you keep different accounts for capex and a different one for vacancy? One for small repairs perhaps? 

Thanks so much

Most Popular Reply

User Stats

20
Posts
16
Votes
Alexander Krasuski
  • Rental Property Investor
  • Dearborn, MI
16
Votes |
20
Posts
Alexander Krasuski
  • Rental Property Investor
  • Dearborn, MI
Replied

Hi @Mahmoud Y. Elhalawany,

I have a schedule that estimates the needed funds for a repair. Every month I have to manually change the Life Used column. I have one of these schedules for each property and the Needed column from all flow to another sheet that gives me a guess on what I need in cash reserves for an absolute catastrophe. 

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