Personal Emergency fund and property reserves

[Sattir Bitti]

Hi All,

I have gone through the forums and realized everyone suggested 6 months of rent reserve per property. I have 4 duplexes and if I keep 6 months rent reserve for each and 6-8 months of personal emergency fund it is more than 100K, this seems too large for a "rainy day" scenario. Want to hear if everyone keeps aside large amounts (almost cash without any returns), especially when the whole idea of REI is to invest and leverage.

[Taylor L.]

We're in a market where we can reasonably expect the extension of eviction moratoriums. The rainy day is here for many, my friend! In my opinion if you're sitting on solid reserves right now you're in exactly the best position to be in. We're not in the market to continue to lever.