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Contingency funds

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Regardless of how meticulous you have been in estimating your overhead costs, there will probably be something you have overlooked, or some equipment failure or damage that requires additional funds. The amount you forecast for contingency funds depends on many factors, including the age of the property and when items such as water pumps, roofs, and appliances were last replaced. Then there is an element for sheer bad luck: Only you can judge how much to budget for that!

Renting Your Recreational Property for Profit

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