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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 
Whose mansion sold for about $2 million after just one day on the market?

A 
Soon after the death of George Burns his home was put on the market; the home sold in 24 hours.
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The Lowry Team, REALTOR®, real estate agent and broker for Cincinnati, West Chester and Liberty Township, Ohio home listings, property and land for sale - NUMBER1EXPERT

Eric Lowry
Keller Williams Realty Associate Partners

7395 Kingsgate Way
West Chester, Ohio 45069
Phone #: 513-874-1830
Fax #: 513-842-8684
Email: Eric@LowryTeam.com

"Providing Personal, Professional Real Estate Service" Eric is a full-time real estate professional specializing in the sale of existing and new construction homes in the Cincinnati, West Chester, Beckett Ridge and Liberty Township, Ohio areas. Eric is also very experienced in working with relocating clients searching for a home in West Chester, Mason & Liberty Township and in working with their relocation companies. In today's real estate market "Experience Counts"!

ePro Equal Housing MLS REALTOR


Keller Williams real estate and homes for sale in Cincinnati, West Chester and Liberty Township Ohio

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