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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 is the world's most valuable piece of furniture?
A	The 18th century Italian Badmiton Cabinet owned by the Duke of Beaufort sold in 1990 at Christie's, London for $15.1 million dollars.
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Stan Beech, REALTORŽ, real estate agent and broker for Nashville, Murfreesboro and Franklin Tennessee home listings, property and land for sale - NUMBER1EXPERT(tm)

Stan Beech
RE/MAX Elite
143 Barfield Crescent Road
Murfreesboro, TN. 37130
888-898-9885
615-977-5008
615-898-1144
Fax: 615-898-1174
stan@StanSellsHomes.com
Stan has lived in the Middle Tennessee area all of his life. For over 8 years he has helped families in central TN buy and sell homes. Stan believes in putting his clients needs first. If you're looking in the Middle TN area to purchase your dream home or to sell your home using the latest technology Call Stan Today! I'm here not to sell you a home but to assist you in the next purchase of your dream home. I work not as a sales person but a consultant. I can help you get all the information you need to help you make the right decision in buying your dream home. Ask about our FREE Homefinder Service. If you don't absolutely love your home the first 6 months, I'll sell it for FREE. AUTOMATIC HOMETRACKER SYTEM - You receive emails instantly of any home that fits your criteria.

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