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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 tallest apartment block?

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The 100-story John Hancock Center in Chicago, Illinois is 1,127 feet high; floors 44 through 92 are residential.
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The Ryan Team, REALTOR®, real estate agents and broker for Chandler, Ocotillo and Gilbert Arizona home listings, property and land for sale - NUMBER1EXPERT(tm)

The Ryan Team
RE/MAX Infinity

2450 S Arizona Ave #1
Chandler, AZ 85286
Phone #: 480-726-7000
Fax #: 480-237-5409
Email: billryanteam@aol.com

Your best source for Chandler Real Estate, Ocotillo Real Estate and Gilbert Real Estate! We have homes for sale in Chandler, Arizona and the surrounding communities. 33 years of established first class service, Bill Ryan of REMAX Elite in Chandler is your one stop shop!

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