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Q: Hot rubber smell coming from engine. on 1999 BMW 540i

Rookie cbe0621eac06868b3efe0d8d1d3611e23c60d3114864ea2ec19a68cfbd3eebab
I have a 99 540 with 70,000 miles. The car has been very well taken care of. After driving, a hot rubber smell comes from the engine compartment. It does not smell like hot oil but rather hot rubber. I noticed that the power steering fluid reserve had leaked somewhat. Could that be causing the smell?
(2) Answers
What your smelling is probably your belt. Have it inspected right away or going to leave you stranded. Like answer #1 something binding up belt.
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