How Do You Handle Capex & Reserves?

[Darvin Johnson]

Hi Bigger Pockets Family,

I was wondering how everyone handles their capex & reserves. Do you save 6 months for each property AND save a certain percentage for capex each month? Do you only keep 6 months of reserves? Do you only put away a certain percentage?

Looking forward to hearing everyones response. Good luck in 2022 all.

[Darvin Johnson]

@Kamil Baldyga Thanks. There's no right or wrong way to do it but I enjoy hearing other peoples approach. I try to keep 6 months per property worth since that's normally what banks want. I agree about staying on top of things, I also try to make sure things are in good working order prior to tenants and try to keep the current age up big ticket items in mind.