As the owner of an investment property, you are responsible for repairs to you home when things break.  It is always a great idea to have a list of local contractors on hand and a cash reserve ready to cover the costs of the repairs.


A great way to go about protecting yourself and your home is to purchase a home warranty for the property which can save you lots of money, especially if major items like the plumbing or heating system goes bad. Keep in mind that the yearly cost of a home warranty is probably less than what it would cost to replace a hot water heater. If you do have an older home, the home warranty will provide you with a great peace of mind.

The best way to protect your investment is to have a cash reserve.  Set aside part of your monthly positive cash flow in a separate account. This "rainy day" fund will relieve you of a great amount of stress both financially and personally when something does go bad.

If you are new to the investment side of Real Estate, let The Evelo Team of Keller Williams Realty guide you in the right direction.  We have a staff that has great first hand knowledge of the investment side of real estate and dedicated to making your investment a successful one.

Read this and more online: Planning for Repairs

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