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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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Q	What country of the world has the highest percentage of private housing?
A	Mongolia, where 100% of all properties are owner-occupied.
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Debbie Maxvold, REALTORŽ, real estate agent and broker for Chicago Western Suburbs, Rockford and Bloomingdale Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

Debbie Maxvold
RE/MAX Accord
142 E. Lake Street
Bloomingdale, IL. 60108
630-893-7860
630-769-5914
Fax: 630-893-1840
Email: debbiemaxvold@NUMBER1EXPERT.com
Debbie Maxvold, Broker/Owner of Re/Max Accord in Bloomingdale, has long been recognized as one of the top real estate agents in suburban Chicago. Her list of satisfied past clients include several builders, including American Homes, Bongi, and Pulte Homes. She attributes her success to carefully listening to her clients needs and striving to exceed their expectations. Debbie and her staff stay up-to-date on current marketing trends and utilize the latest technology available. However it is their honest and caring attitude that continues to bring customers back again, as well as refer Debbie to their friends and neighbors. Whether you are moving across the street or relocating across the country, you will be in good hands if you have Debbie help you make your move.

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