I am a property investor with 5 rental properties currently. These produce an income in excess of $4000 per month. I am also a database administrator for one of the largest insurers with an annual income in excess of $80,000.
One of my properties recently had a partial basement wall collapse which was not covered by the insurers. The property itself was unaffected by this however and remains occupied. The repair work has now been completed and the property is stable. Having to pay for this in cash would reduce my bankroll more than I want. I try to keep an available bankroll of 6 months of expenditure available at all times to ensure that no unexpected events cause delinquency.
Thank you for your consideration. |
