How Much Cash Should You Keep In An Emergency Fund? With Nick Wood (Ep 494)

Rental Income Podcast With Dan Lane

Nick shares how having an emergency fund helped him pay for expensive repairs to some of his rentals.
He talks about how much he spent on the repairs and why he didn't file an insurance claim.
We also discuss Nick's rule of thumb for figuring out how much money to set aside for emergencies.
Nick also talks about how his income at his day job has been reduced recently and how having a combination of an emergency fund and cash flow from his rentals has helped him survive this period.
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https://rentalincomepodcast.com/episode494