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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 group of settlers introduced the log cabin to the New World?
A	The Swedish settlers of Delaware brought their own timber for building log cabins, a style that originated in Finland.
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Erik Johnson, REALTOR®, real estate agents and broker for Minocqua, Eagle River and Manitowish Waters Wisconsin home listings, property and land for sale - NUMBER1EXPERT(tm)

Erik Johnson's Dream North Team
RE/MAX First, Llc
8583 Highway 51 North
PO Box 142
Minocqua, WI. 54548
Phone: 800-472-3207
Fax: 715-356-1849
Email: erikjohnson@NUMBER1EXPERT.com
Erik Johnson, Broker Owner of Re/Max First, LLC, and the Dream North Team are here to serve you with all of your Real Estate inquiries to fulfill your Northwoods Dreams in the Minocqua area. Erik has over 8 years of sales experience and is a proven top producer with CRS and GRI designations.

Eagle River Real Estate www.DreamNorthTeam.com is brought to you by Erik Johnson
NUMBER1EXPERT™ in real estate for Minocqua Homes, Eagle River Homes and Manitowish Waters Homes, Wisconsin - Acreage, Waterfront Homes

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