This is an amount (typically $500) of the property owner’s funds that PURE holds in our broker trust account as contingency funds for any repairs, daily obligations, maintenance issues, and emergencies that may occur at the property over the course of the given month. The reserve is funded upon receipt of the first month’s rent and is replenished each month when rent is received to offset expense items during the previous month. If expenses should exceed the $500 reserve, or if PURE needs funds for repairs which are to be completed before the resident move-in date, an owner deposit will be required to pay for such expenses.