Monday, March 23, 2015

Look Like A Meth Lab To You Or The Signs Of A Filthy Lazy Tenant?

This week we will have special guest speaker Agent Crowder who will be with us to teach the group what we need to do when discovering drugs in a tenant’s house.

I guess the first thing that would be needed is how to identify the drugs. I’m sure most people could identify a marijuana plant like I found below by the back porch of one of my apartment buildings last year.

But I can admit that the meth lab picture at the top looks to me like tenants that like to urinate in jars because they are too lazy to walk to the bathroom. The only thing I initially see that would tip me off would be the scale. However, there are some various common chemicals mixed in to the garbage.

Drugs in your property, example being the meth lab, could lead to some very serious problems for you. It is incredibly expensive to do a proper cleaning of a meth lab to ensure that future residents won’t be harmed by the chemical residue that the manufacture of it leaves. And as I recall the states now no longer fund the cleanup. I believe that the funding for this was going to be the responsibility of the federal government. But it didn’t get transferred to them right away. So it may be your responsibility. We will find out that and many more important things to know in the meeting.

What do you do when you find drugs in your rental unit?
What do you do if you suspect a meth lab in your rental?
What do you do if you are unsure but have been told by neighbors that your tenants are dealing drugs?
What do you do if your tenants are telling you that there is a drug house across the street?

Find out all of this and much more at our upcoming meeting. Education is the key to your success.

Thursday, March 19, 2015

It's OK on City Property But Not Yours!

This photo was taken Thursday at 7pm, March 19th 2015. It's a photo of 1709 Salem Ave in Hurt Park. The property utilizes the Low Income Housing Tax Credit Federal housing program. The property received a tax credit allocation in 2009 for $636,674 with a 10 year value of $6,366,740.

Roanoke City government tore down the apartments that were there and rebuilt new apartments in the name of Hurt Park Limited Partnership.Hurt Park Limited Partnership has a principal owner address listed at the Roanoke Redevelopment and Housing Authority. Of which all Authorities are quasi private businesses that have been granted governmental powers.

Monday, March 16, 2015

Have You Signed Up For The REI Discount Program?


Save Money on Materials for Your Properties

Real Estate Investors of Virginia is excited to announce a new partnership to help you save money on materials and services for your properties. Start saving today by signing up for your free Community Buying Group membership. As part of our partnership, Real Estate Investors of Virginia members enjoy access to the CBG benefits program at no cost to you.

CBG helps you do business better through savings at Lowe’s, Sherwin Williams, Sunbelt Rentals, Sears Commercial and more than 20 other CBG Preferred Partners.

Click the link below to sign up now. A Community Buying Group representative will follow up to make sure you are set up to take advantage of the programs you want to use.

This is one more way Real Estate Investors of Virginia is working to help you be more successful!

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