Nice way to plan ahead. I guess if the cash is all in your personal emergency fund bucket it’s no big deal if you have enough. The trouble comes when you accidentally spend that money (or invest it) then have an emergency at the rental simultaneously. That’s why I like separate buckets. Easier for my puny brain to visualize :)
Cheers Mandy! Good luck with your tenant replacement in July!

Also, this is a good idea to transfer the money now as I just found out some tenants are not renewing their least effective July. Might as well earmark the funds now to fix things/touch up/plan for a month or two of vacancies, etc.

Definitely the pandemic has taught us all a lot about planning for unexpected emergencies. (it’s also surprising how quickly people forget afterwards haha!)

When running our biz, we always had enough cash in hand to make it through any issue. I think the pandemic shows just how quickly things could turn south with things you’d never expect to occur.

That’s great! Those are two big expenses you don’t have to worry too much about yet. I don’t know if you have the A/C unit cleaned/inspected once or twice a year, but that does go a long way in extended the life of the units. I’ve lived in south Florida and North Carolina, and the humidity causes those units to be run hard and often. It costs me about $89-$129. As for the Bradford Pears, it stinks to not have trees there right now, but I’m looking on the bright side. The tree type has shown invasive qualities in NC and is now on the Do Not Plant List for the city, county, and I think the state. It’s a grafted tree that rots and splits really easily, and breeds with other species to produce even weaker trees in the wild. Now I will have the chance to plant trees that are either more native or have a stronger wildlife benefit.

Hi Shay! No harm sitting on cash right now and letting it build. You gotta do what’s best for your situation and comfort level!

My old job used to be in contingency planning for businesses. It’s amazing how many people float along with no back-up plans or safety nets.

You have to know what you’re doing in real estate otherwise you will get crushed!

I love typos. Shows that you’re real! :). Have a great week!