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Reply to "Help with managing money from a rental house"
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[quote=Anonymous]I bought a cheap house in pg county and after 6 months moved in with my bf in his house. My house is now being rented out. I get 600 a month off the house. My question is, what now? I want to keep it as a rental but how much do I need to set aside and for what? Do I set money aside for emergency repairs? How much? For if I don't have tenants? How much? Anything else? What do I do with the money after that? Just put in a savings account? I know it's not a lot of money but I want to prepare myself. Thanks [/quote]
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