Contractor Needed In Klamath Falls, Oregon
Hello all,
I am sorry if this is not the place to post this. I looked through the Members area and nothing came up.
Can anyone please recommend a Contractor in the Klamath Falls, Oregon area?
Thanks in advance!
Maybe you should try doing a google search in that area.
I allready have property managers in mind.. I was just sorta hoping I could get a recommendation though.
But yes, for those who dont know, google and yahoo are very helpfull for many things.
www.contractor.com has testimonial of contractors too. Plus they are normally the smaller guys.
Hi,
My home is insured with Erie and rentals are insured with All State. I would give All State a call, they were very easy to work with, even with out of town owners like us.
Eric
I have two homes and I had Allstate write the policies they are written though two different companies anyway.
I love this site.
Thanks
I love this site.
Thanks
If the LLC owns the property, it is the insured entity. The LLC is not "you"...
I just signed a PA for a REO that I am planning on renting. I called my agent from Farm Bureau, which all my properties are insured with. However, the last two houses the criteria for their underwriting has become harder progessively. The last the underwriters wanted documentation that it was occupied within 30 days. Finding a tenant , and prepping the property often takes longer than 30 days. Today I learned that Farm Bureau will not insure unless you have a signed Rental Agreement. Pretty hard to rent a property that you do not own yet. I guess I will be looking for another insurance company.
AMIG (American Modern), Diamond States, or Foremost will insure it as vacant. Once rented, move it back to your Farm Bureau policy...
HellOOOOOO Delaware. Funny Introduction! BTW, Do you invest further down in Kent or Sussex Co.?
== Anyway, I bought a neglected V.A. foreclosure down the road in Salisbury, Md (home of Salisbury State) back in 5/2002 for 56K. Nobody was paying much attention at that time to forecl on the shore so they would sit there(NOT NOW). I settled 7/2002 and found that the city just passed a moratorium on new rentals (ANY, by the way) until they figured what to do about licensing, students, etc etc. (Seems an active investor who was rehabbing and creating plenty of student rentals had wandered into the profess/pol neighborhood). I had to let mine sit vacant until the middle of Feb. when they began to allow no more than 2 unrelated people to rent. I have not kept up w/this since my tenants are a nice couple, but I think it has held in some version of control.
I have never heard of such laws. If I were you I would really check what the Federal Law says about the Town having the right to apply such rules. Coning in to count the beds ? Rental Permits for residential living? I neverr heard of that either.
$300. dollars per year,per unit ,is this for Personal Property Tax or in addition?
I know of Delaware, most of my money goes through that www.State.If I set up a Corporation will be in Delaware. to join million others. Talk to a good Lawyer that specializes in Costitutional Law and sue the B-------s
Clark,
I have signed up with National Association of Independent Landlords.
They charge a $60/year membership fee.
The monthly for rent collection/Monitoring is
$10 for the first property and i think is $6 of any
additional ones.
You can also use them to file negative or positive
credit entries with the credit bureau on behalf of
the tenants.
They do a direct debit from the Tenants bank A/c and
do a direct deposit to yours. They also automatically
send letters on delinquencies as well as collect
the late fees as well as any per day penalties.
Better control over the tenant i guess.
"www.nail-usa.com"
Thanks
Krish
[ Edited by krish on Date 07/13/2005 ][ Edited by krish on Date 07/13/2005 ]
There is a difference between "direct deposit" and "direct debit".
The banks generally charge a hefty fee to set up a direct debit because it usually comes from another bank (the tenants)
However, it costs nothing for your tenant to put money into your account if they have the deposit details. Better still, if they have internet banking, they can deposit from the comfort of their own home
If you have 2 properties, THATS GREAT! You gotta do what works for you, everyones situation is different. If the rehab route
is working for you, do it! If you can get a place that needs little, or no work, do it! Just make sure the numbers work in every situation. If you are interested, their is a great book about understanding cashflow called What Every Real Estate Investor Needs to Know About Cash Flow by Frank Gallinelli. It was a big help to me (link below).
http://www.amazon.com/exec/obidos/tg/detail/-/0071422579/qid=1124828990/sr=8-1/ref=sr_8_xs_ap_i1_xgl14/104-3656993-1619117?v=glance&s=books&n=507846
Nothing wrong with 30-year fixed rate loans. If the property cash flows with a 30 year loan, then raise rents every year. Use the increase in cash flow to pay down your mortgage faster, if free and clear is your goal. Each year you raise the rent, you have more to apply to loan reduction.
Sorry about my previous letter. You bought the place at an auction "as is where is" and it is your responsibility to rid the tenant. Your reasons for Eviction proceedure remains the same.