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"$1000 check from the seller..."
I accepted a job in Santa Fe and needed to relocate from out-of-state. I would not likely have identified you as a candidate for being my realtor in the first place if you hadn't established an Internet presence. Also, I chose you because your profile on your home office web page was professional and to-the-point. In general, the web page was full of good information that I took into consideration regarding housing in the area. I tend to think that reflects on the approach that can be expected doing business, and I was right. As someone who was completing the real estate transaction from states away - and with an escrow closing time of only two weeks(!), emailing of messages and .PDF attachments and necessary forms was essential to conduct business in a timely manner.
I knew I would be a demanding client because of all the things that could potentially go wrong if things got slipped, and you kept up marvelously. I really appreciated that.
I couldn't have gotten the inspections and follow-up paperwork done within the two-week time frame without your help in this regard. It was essential that inspectors had a working relationship with you in order to expedite the
required inspections before closing. Both you and the home inspector you recommended paid attention to detail and identified things that had escaped my observation during the couple of times I'd looked at the house. His comments led to a $1000 check from the seller after closure towards fixing the problems identified. In addition to your professional knowledge, your knowledge of the area and issues I might encounter as someone just moving into the area was helpful. And I will give your name to family and friends.
Lisa Killion
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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 is considered one of the few remaining tax shelters in the 1990s?
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| A |
Homeownership--property taxes on a residence or vacation home are deductible up to $1 million. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
