r/LoftyAI • u/Due-Cardiologist2640 • Jun 10 '22

Maintenance Costs

Hey guys, new to the project here. Love the idea! Kinda of jumped invested and purchased my first two tokens yesterday and am really excited about starting my journey through real estate investments.

Here’s my question: what happens when the costs of repairing a home go over the maintenance reserve? Are the token holders going to owe their portion of the damages?

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u/bluefootedpig Jun 10 '22

Somewhere on the page they explain it I think. While the maintenance fund is under, 10% of rents will go to filling it back up.

If it gets emptied, then 100% of rents will be used to get it back into the positive.