I had a discussion with an investor friend of mine the other day over self managing my multi family properties( right now 6 units) because I know no company will maintain my properties like I will.

As I mentioned in my previous letter, I look forward to continuing to maintain your address with the same pride and quality that Ms.

This reserve fund cushion is critically important to maintaining predictable cash flow.To keep down costs, the cash flow investor must do careful tenant screening. 

I use VRBO and AirBnB.If you have multiple channels, how will you maintain an availability calendar and keep the channels current?  

They are mostly single female, maybe with a pet, and will want a safe location and probably nothing too big to have to maintain. 

Well maintained.

Anyway, point is you don't always have to replace things - sometimes you can make repairs that are perfectly fine, cost less money, and maintain the integrity of the home.

Perhaps you keep at the 1% so that you can maintain cash flow but then take an additional 5-10% in sweat equity. 

Well, besides PITI, there's maintenance which is basically the amount you allot to take care of things like replacing a door lock that someone used a pliers on, broken glass, door weather seals, HVAC maintenance, supplies to maintain the lawn, termite treatment, replacement boards for the fence, caulk and paint, etc.

and a choice of affordable perks the tenant can choose from that also maintains or improvs the property and when combined with a reasonable rent increase you are more or less doing the improvements on the tenants dime. win win.