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How much additional money should an Owner leave with the property manager for emergencies?

April 26, 2017additional emergencies leave manager money owner Property

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How much additional money should an Owner leave with the property manager for emergencies?

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A. We recommend the Landlord leave $300-500 extra to cover small repairs that arise from time to time (for commercial properties the amount would be $2,500-5,000). Obviously, if a larger expense comes up, the Landlord is contacted to discuss the situation.