What percentage of rental income should be set aside for maintenance?

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asked Dec 10, 2018 in Real Estate - Renting by NicoRein (240 points)
What percentage of rental income should be set aside for maintenance?

1 Answer

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answered Dec 11, 2018 by mbeemean (290 points)
The amount of income from rental properties you should put aside for maintenance is between 1 to 3 percent.

It's best to put this money into a savings account if possible so that overtime it will grow interest and you'll have more funds to do the maintenance that will be needed over the years.

You can also put the income into short-term money market accounts or other liquid securities.

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