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The Real Cost of Investment Home Repairs

For investors in single-family homes, the cost of repairs can be the difference between positive or negative monthly cash flow.

The infographic below, from in Dallas, outlined the typical expenses a landlord/investor may expect, whether your properties or in Texas, Illinois, or elsewhere.

Carpets. Clean them regularly, every six months or so; by doing so, you may increase their useful life by 3-5 years.

Heating and Air Conditioning. Make sure the windows are sealed: as much as 30% of energy cost may be go out the window.

Gutters. The average gutter repair gutted an investor’s wallet by $321. A clean gutter can be considered preventive maintenance, however; poorly maintained gutters may lead to foundation damage.

Locks and Doors. The average cost to replace the front door lock and keys was $160.

Pests. The average expense to get rid of critters and assorted varmints was $143.

Plumbing. A faulty faucet on average cost landlords $234; the average toilet repair was $201.

Refrigerators. In the kitchen, it’s the fridge that most often goes on the fritz. 31% of all fridge repairs were due to a malfunctioning ice maker. Perhaps your next rental refrigerator does not have an ice maker?

Washer Dryers. If your tenant calls to tell you the washer or dryer is neither washing nor drying, you can expect the cost, on average, to be $208, typically for cleaning the vents.

For more information on why your should consider investing in a professionally managed portfolio of single-family homes, please contact Harold Willig at 917-209-4452 or

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer, and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience. Mr. Willig also ran a consulting practice and provided valuation, analysis, and transactional support services to multi-billion dollar real estate companies. Previously, Mr. Willig served as the Senior Controller and Vice President of Financial Analysis and then the Chief Financial Officer of the Athena Group, a multifamily development company and fund manager.

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