How are repairs handled?

Each property has an Operating Reserve which is used for repairs. The Operating Reserve balance is equal to approximately 5% of the property purchase price.

Repairs are handled either by the professional Property Manager's in-house vendors or by local contractors in the area hired by the Property Manager. All urgent repairs will be taken care of immediately, and any non-urgent repairs requested by the resident will be put up for a Governance Vote. The owners of that property can then vote on whether they'd prefer the repair to be taken care of or not.