Tuesday, November 28, 2017

Fire Restoration This Week At REI


Hello Everyone,

This week we have a fun meeting lined up to discuss Fire, Smoke and Water Restoration. Our guest speaker will be Tal Bowman who is the owner of the local Paul Davis Restoration franchise. They also specialize in the associated issues you run into such as Mold and Odor removal. 

We’re going to get into some of the details of fire restoration. Often investors are afraid to buy a fire damaged property due to not knowing for sure what will have to be done. I’ve done a couple and jumped through the city hoops on these which I found to not be too difficult. 

Going to be a fun meeting. See you there!

P.S. - It was brought to my attention by several people that last week the president of REI “misspoke” when he said that I was not sending emails out to the group to harm it or something along those lines. And that I haven’t contacted him to see what meetings he had lined up. Reality that he is aware of is that our emails, which were seen by several, clearly show me asking him what meetings he has scheduled for the next 3 weeks as I was going to be in China and Thailand and had to write 3 agendas all at once. His reply was “I’ve Got Nothing” in which I replied as I have before that I can not write an agenda about “nothing" time and time again. I guess he didn’t want to tell the group he was having difficulty doing his job. Thanks for the vacation present Andy! You’re a nice guy. 

We looked into the market to buy property when we were in Thailand. Spent several days looking at condos and talking to real estate agents there. We found some interesting information that I am going to share with the group sometime. Condos there are on the low side 30,000 USD and can be rented every day of a 7 month high season and about 1/4th of the time during the low season. That is if you go for the vacation rental route rather than the long term renter. It’s typical for your tenant to put down at minimum 3 months of rent ahead and if they don’t pay their rent, you call the cops and they put them right out. No court. Interesting system they have there for landlords. That protect their investment. 

This is a potentially great way to get some vacation property that you will use when you wish and will have it rented when you’re gone. 

See you at the meeting...

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