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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 time of year is considered the busiest for homebuyers and sellers?
A	Real estate is a year-round business, but spring is still considered the best time of year to showcase a home.
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Jaci Mitchell, REALTORŽ, real estate agent and broker for Portland, Beaverton and Bethany Oregon home listings, property and land for sale - NUMBER1EXPERT(tm)

Jaci Mitchell
Keller Williams Realty Professionals
9755 SW Barnes Rd. Suite 560
Portland, OR 97225
Tel: 503-260-1113
Fax: 503-748-8374
Office: 503-748-8324
Email: JaciMitchell@kw.com
Jaci Mitchell, a native Oregonian, has been providing superior service to real estate Buyers and Sellers in Portland and surrounding areas for over 13 years. In todays market, having the assistance of a Realtor with experience is more important than ever. Jacis level of experience allows her to get her Sellers the most money in the shortest amount of time. Jaci believes that building relationships and having balance is the key to all successes. Jaci has won multiple awards over the years for her service and volume. In 2002 Jaci received Sales Person of the Year presented by The National Sales & Marketing Council. Jaci is the agent to go to for the Experience & Service You Expect and Deserve. If you expect superior service from your Realtor then give her a call or send an email today.

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