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Real Estate Tips
Investment Real Estate >Planning for Repairs

If you are the owner of an investment property, you are responsible when something breaks down in the building. So when the tenants call with an emergency, you will need to have a list of local repair companies you can contact, and money in the bank to pay for their services.

One of the best ways to protect your property investment is to purchase a home warranty that covers your home against unexpected system breakdowns that can be costly, particularly if the heating or plumbing systems need repair. The yearly cost of a good home warranty is probably less than the cost of replacing a broken water heater. If your property is older, a home warranty will provide you with greater security and peace of mind.

Another way to plan for investment property repairs is by building up a monthly surplus account, where part of your positive cash flow can sit in preparation for the day some major repair is needed. Having a "rainy day" fund will relieve you of financial stress when something has to be fixed.

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Real Estate Trivia
Q 
What is one of the most unusually shaped buildings in the world?

A 
The all-suite Arabian Tower hotel near Dubai is 1,052 feet tall, built on a man-made island and shaped like a boat sail.
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Real Estate by Design Group, REALTOR®, real estate agents and broker for Denton, Flower Mound and Lewisville, Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Carissa and Jay Acker
Real Estate by Design Group

Keller Williams
2434 Lilian Miller Parkway
Denton, TX 76205
Phone 1: 972-588-8420
Phone 2: 972-679-4512
Fax: 940-382-2773
carissaacker@NUMBER1EXPERT.com


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