18. Having Reserves

Real estate is an amazing investment vehicle because it's predictable. But, what happens when it's not? What happens when the unexpected happens and there's a fire, you lose a roof, or the HVAC system goes out? You need to have reserves. Your short-term rental guests will also create wear and tear on your property. How much should you budget for that?

• How much should you budget for your short-term rental losses?
• The biggest capital expenditure risks with your property
• Why you NEED reserves regardless

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