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Real Estate Tips
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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Real Estate Trivia
Q 
What island was sold to Peter Minuit by the Indians for goods valued at 60 guilders ($24)?

A 
Peter Minuit arrived with a group of Dutch settlers in 1626 and purchased what is now known as Manhattan.
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Steve Hawkins, REALTOR®, real estate agent and broker for Alexandria, Arlington and Fairfax, Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Steve Hawkins
Long and Foster Realtors

7202 Old Keene Mill Rd.
Springfield, Va. 22150
Direct - Cell: 703-909-3939
Steve@HomeSearchWebsite.com

Steve Hawkins has over 30 years of business experience to help people make their real estate dreams a reality. The chance to guide people through one of life’s biggest investments excites and challenges me. I represent each client’s individual desires and agenda throughout the real estate transaction while making it as easy as possible from beginning to end. My energetic and competitive nature assists me in negotiating a sale or purchase in my client’s best interest. I attribute my sustained success in real estate to my perseverance and commitment to each of my clients until they are completely satisfied with their real estate buying or selling experience. Allow me to join your team and together we will be sure to create a winning combination.

ABRCRSeProGRISRESREALTOREqual Housing


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