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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
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Where is the world's largest art gallery?

A 
At the Winter Palace and Hermitage in St. Petersburg, Russia, visitors would have to walk 15 miles to see the 322 galleries which house almost 3 million works of art.
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Tricia and Richard La Motte, REALTOR®, real estate agent and broker for Santa Clarita, Valencia and Stevenson Ranch, California home listings, property and land for sale - NUMBER1EXPERT(tm)

Tricia and Richard La Motte
Keller Williams VIP Properties

25124 Springfield Court, Suite 100
Valencia, CA 91355
661-259-6154
Fax: 661-310-2116
Tricia@scvhomepro.com

Tricia La Motte is a top agent in the Santa Clarita Valley, combining a fiduciary caring for her clients, with professionalism, skill, integrity, and a belief in building clients for life. Tricia and Richard La Motte - Designing the Perfect Plan for Your Next Move!




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