What is a Rental Property Maintenance Reserve Account? - Property Management Education

A rental property maintenance reserve can play a vital role in maintaining your rental property and is key to keeping your tenants happy and your investment well-maintained.
In this video, I’ll share with you everything you need to know about a rental property reserve account, why property managers have them set up for you, and the benefits of having one in place for your property.
Learn more about Rental Property Maintenance Reserves from our full article below:
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What Is A Rental Property Maintenance Reserve?
A Rental Property Maintenance Reserve or Property Reserve Account is an account where funds are held for your property to cover any unexpected emergency repair or routine maintenance that may occur during the tenancy & management of your property.
Your property manager should have the maintenance reserve amount and a section on their Property Management Agreement. To learn more about everything that NEEDS to be in a property management agreement learn more:
• What is a Property Man...
Here are the Benefits of Having a Maintenance Reserve Account for Your Rental Property:
1. It Protects & Preserves Your Asset
2. Efficient Quality Service For you & Your Tenant
Having a rental property reserve account is not only beneficial but necessary to provide quick quality service to your tenants which increases retention while ensuring the integrity and condition of your rental property for many years to come.
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The Listing Real Estate Management is a full-service residential property management company specializing in the management of single-family homes, townhomes, condos and multifamily properties throughout the greater Orlando area. At The Listing, we’re your boutique property managers who set our management standards high. We aim to always be a Resource to YOU and your rental investment property!
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0:00 - Rental Property Maintenance Reserve Intro
0:35 - What is a Rental Property Maintenance Reserve Account?
2:30 - What are the Benefits of a Maintenance Reserve?
3:10 - Maintenance Reserve Account Summary
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