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Why are there Reserves on my account?

Reserves are not held without your express approval for a large expense not covered by your rental income or expected invoices for an approved turn budget.

Typically, Great Jones will only have reserves on your account when you have approved a budget for a turn scope or you have a large expense that is not covered by your monthly rental income. The Reserve holds back funds from being distributed to you during our twice monthly Owner distributions to cover the expected costs of an upcoming invoice from a turn or large expense that you have already approved. 

 

Once the invoices have been received and paid, the Reserve will decrease by the amount of those payments until the Reserve is removed entirely from your account upon completion of turn or payment of said large expense.