Repairs – Why do you require reserve funds for my rental property?
Repairs – Why do you require reserve funds for my rental property?
Our vendors are paid upon completion of the work they perform making it essential to maintain a ready reserve of funds available to pay for basic service calls. We will communicate with you and request additional funds in the event of a larger repair. We understand the unique nature and needs of each rental property vary depending on factors such as the age of the home, any regularly scheduled services (landscaping, pest control, etc…) and the type of property. Our basic requirement is a minimum of $300 repair escrow funds per property.
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