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  • Sylvia Ho

Why you should have an emergency fund for your rental property

Updated: May 10, 2022

Congratulations, you are officially a real estate investor!! This is a huge step to building wealth in the long term and I’m here to guide you.

As a landlord, having an emergency fund on hand is non-negotiable. Why? Well, covering the occasional plumbing fix or broken kitchen faucet is one thing. But what happens if the property develops mold or worse a tree falls through your house! It would cost quite a lot to repair damages like those.

For this instance, I recommend that you have approximately $20,000 saved up for a rainy day.

Why get an emergency fund?

  1. You won’t have to dip into a line of credit and get more debt

  2. You will have a peace of mind that you’re prepared for the worse scenarios

Watch this video to learn more!

Do you know anyone who can benefit from the J.O.M.P program? Share my webinar with them!

Book a call with Sylvia Ho here or give me a call at 647-910-6100!

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