Aug 28, 2025
🎧 How Much Should You Budget for
Rental Property Repairs & Maintenance?
Real Estate Investing Morning
Show – Hosted by Wayne & Gabby Hillier
Today’s episode dives into a critical but often overlooked aspect of real estate investing: how much money you should be setting aside for repairs and maintenance. Wayne and Gabby share the importance of protecting your investments with a healthy reserve fund, why ignoring repairs costs you in the long run, and the real math behind budgeting for replacements like furnaces, roofs, and appliances. They also follow up on yesterday’s listener email about starting to invest at 63, breaking down what strategies are realistic—and which ones to avoid.
🧠 What You'll Learn in This Episode
Why every property needs a reserve fund from day one
The difference between repairs (unexpected) and replacements (inevitable)
How much to set aside monthly for long-term property upkeep
Common costs of furnaces, roofs, hot water tanks, and appliances
Why ignoring bookkeeping and tax efficiency leaves thousands on the table
The risks of chasing “unicorn” BRRRR opportunities in today’s market
Why fix-and-flip strategies aren’t a safe option for retirement planning
How strong cash flow acts as a buffer against vacancies, rate hikes, and repairs
👥 About Your
Hosts
Wayne & Gabby Hillier are full-time real estate investors and
coaches based in Edmonton, Alberta, Canada. Through their REI
Masters Mentorship Program, they help Canadians build long-term
wealth using rental properties, BRRRRs, flips, joint ventures, and
creative real estate strategies.
New episodes every weekday morning featuring real stories, coaching
moments, and tactical investing advice.
💡 Resources &
Contact
Learn about our Mentorship Program: www.reimasters.ca
Bookkeeping & Tax help: www.finngo.com/rei
Submit a question: info@reimorningshow.com
🤝 Thanks to Our
Sponsors
🏠 Krystal Kromm – Red Deer Investor-Focused Realtor
📞 (587) 377-8584
🔗 Facebook
🏢 Calvin Realty – Edmonton
Investor-Focused Realtor Team
🌐 calvinrealty.ca
🔗 Facebook
📊 Finngo Bookkeeping & Tax –
Investor-Focused Accounting Firm
🌐 www.finngo.com/rei
🔗 Facebook
💼 Kirkwood & Brennan Mortgage
Group – Investor-Focused Brokers
🌐 www.kbmortgages.ca
📧 keaton@kbmortgages.ca
🔗 Facebook
🏗️ Calvert Home Mortgage
Investment Corporation
📞 403-278-0249
📧 info@chmic.ca
🆔 FSRAO License Numbers: 13267 and 13268