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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 the most common name for a city in the United States?

A 
Fairview is the most common city name, according to the 1996 Top Ten of Everything Book.
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Lorraine Sayer, REALTORŪ, real estate agent and broker for Colorado Springs, Fountain and Falcon, Colorado home listings, property and land for sale

Lorraine Sayer
RE/MAX Properties Inc

1740 Chapel Hills Dr.
Colorado Springs, CO 80920
719-439-3268
Fax: 719-598-9308
Toll Free : 1-800-809-0268
LAS@TSAYER.com
Lorraine.Sayer@wesellmore.net

Tenacity Driven-- Turn-Key Results! My desire is to provide the kind of service that makes you comfortable referring me to friends, family, and coworkers!

REALTOR Equal Housing MLS


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