
A maintenance reserve (sometimes called a repairs and replacements reserve) is a designated fund set aside specifically for maintenance and repair costs. It’s separate from your regular operating cash and acts as a financial buffer to handle routine upkeep, preventative maintenance, and minor repairs before they become major problems.
Note: The reserve can also be used to cover utility costs and yard maintenance if the property is vacant and not generating rental income.
In practice, this means we can take care of issues quickly — without waiting for client approval or scrambling for funds. When a faucet leaks, a thermostat fails, or a resident calls about a broken appliance, our team can respond immediately and keep the property functioning and the resident satisfied.
