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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 document must lenders provide within three days of receiving your application for financing?
A	The "Truth In Lending Disclosure Statement" will give you complete financial information about the loan.
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Elayne Jassey, REALTORŽ, real estate agent and broker for Stamford, North Stamford, and Greenwich Connecticut home listings, property and land for sale - NUMBER1EXPERT(tm)

Elayne Jassey
Prudential Connecticut Realty
1200 High Ridge Road
Stamford, CT. 06905
Toll Free: 800-362-7625
Office: 203-329-0136
Fax: 203-329-7880
Email: ElayneJassey@NUMBER1EXPERT.com
Elayne Jassey knows that numbers do count and being #1 counts the most! She has been the #1 sales executive w/Prudential CT Realtys Stamford office for the past 24 consecutive years; she has been #1 in Connecticut for 20 out of the last 24 years, and in 2009 she was #1 in Stamford sales per the CMLS for the 8th consecutive year. She has been named by The Wall Street Journal to their Top 200 in Real Estate, and Realtor Magazine named her to their list of Top 50 Solo Performers in the U.S. In this age of real estate specialization and teams, Elayne is most proud of her continuing work as a solo performer, one of those who still provides her service, individually, to each and every customer. Elayne looks forward to working with you personally, and helping you and your family market your home or find the perfect home or investment property. According to Elayne Meeting YOUR real estate needs is truly #1 to me!

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