My daughter ask me how could she could pay off her mortgage faster, so I thought this would be a useful question to ask the community!
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Hi @Littlejohn. That is a great question and should be asked by all with a mortgage.
Here is a link with some interesting points to consider.
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Another way to look at property is that they become either a debt repaying or an income providing instrument. 
A client of our’s pays their mortgage payments weekly and then uses part of a sinking fund (Money in a bank account for future maintenance) that they haven’t used to make an extra annual mortgage payment. 
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@RealHelp, now that’s a good idea having a sinking fund, how much should I put away for say a couple of apartments?
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Hello @Littlejohn. In our experience sinking funds usually range between 1.5%-5% of the total rental collected. But for non-business members it’s more what you can afford after any debt servicing.
Note,
- It’s worth a discussion with your accountant on taxation interest implications.
- what is the value of any deferred maintenance? (eg, roof replacement, etc)
- What is your long term plan with your properties (Demolish and build, etc)
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Sinking funds or what ever savings you want to call it are a brilliant idea, we use them all the time. We simply call it a maintenance buffer.
Hi @RealHelp. Appreciate your post. It is very interesting and makes perfect sense.
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