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School Reports in Lynnwood, Everett and Marysville, Washington

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Schools in Lynnwood, Everett and Marysville

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	In what 2003 comedy does a very large family move to a new house on Forest Avenue in Evenston, Illinois?
A	"Cheaper by the Dozen", starring Steve Martin, was actually filmed in a house in Los Angeles near the Farmer's Market.
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The Home Source Team, REALTOR®, real estate agents and broker for Lynnwood, Everett and Marysville, Washington home listings, property and land for sale - NUMBER1EXPERT(tm)

The Home Source Team
Keller Williams Realty Everett
500 SE Everett Mall Way B200
Everett, WA 98208
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