Vacancy allowance and maintenance costs? (Rentals) - Posted by Ryan Omel (NE)

Posted by Denis on May 23, 2000 at 18:53:02:

Ryan,

I just got started about 2 years ago. I now have 2rentals and trying to assume a third. I put 1 months mortgage aside plus a $500 maintenance fund. So far this has worked for me and doing a little preventive maintnenance has helped keep big ticket items from breaking. I also put 10% everyother month in but have never had to dip any further than the initial maintenance fund. Hope this helps

Denis

Vacancy allowance and maintenance costs? (Rentals) - Posted by Ryan Omel (NE)

Posted by Ryan Omel (NE) on May 23, 2000 at 14:15:45:

Just wondering what most of you set aside for a vacancy allowance and maintenance or repair costs on a monthly basis? Is 15% enough???

Ryan, try your question on the Commercial board too (nt) - Posted by ScottE

Posted by ScottE on May 23, 2000 at 22:21:52:

.