Skip to main content
All CollectionsProperty Management
Properties have an Operating Reserve to handle repairs
Properties have an Operating Reserve to handle repairs
Max Ball avatar
Written by Max Ball
Updated over 3 weeks ago

Each property has an Operating Reserve which is used for repairs.


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.

The Operating Reserve grows with every token purchase. A 2.5% transaction fee is applied to each buy order, directly contributing to the reserve balance.

The Operating Reserve balance is part of the property value. As a result, the property will increase in value as the Operating Reserve grows.

Did this answer your question?