The Cost of Unforeseen Repairs?

[Adam Scheetz]

Any measure of experience will teach you to plan for the Unforeseen Expense. I wonder though, for budgeting purposes, is there a prescribed percentage of net cash flow that's good to set aside for maintenance and repairs during the course of a Rental? (ie. 3%, 6%, etc)

[Michael Swan]

Thank you @Adam Scheetz,

I can tell you some very expensive stories of when Murphy raised its ugly head!! That little 6-8% in reserves would not have covered 1/10th of the cost.

Swanny