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7 Reasons Why Real Estate Options Are Ideal For Beginner And Advanced Investors
Whether you are an advanced real estate investor or just getting started, real estate options can be an ideal investment technique. A real estate option is a way to control a property without owning it and it locks in the buying price for a...
European Real Estate Prices To Drop In 2006
Areas of Europe popular with holiday home buyers could see property prices fall by ten per cent or more in the year ahead, according to overseas property specialists Tribune Properties.
2005 saw the first signs of a property slow down, and even...
How to Avoid Appraisal Problems in the Sale of Your Home
Before you sign a contract to sell your home, check to see if the purchase offer depends on financing. Look for a clause witch states that the offer is contingent on your home's appraisal done by the buyer's mortgage lender. This clause causes...
If Real Estate Investment Is So Great, Why Doesn't Everyone Do It?
Oh, that's an easy one. I can answer that in one word. FEAR.
Real estate investment is a great way to change just about everything in your life, but it's one of those things where doing it for the FIRST time is the toughest. In fact, the second...
Is Bay Area Real Estate Risky Business?
Bay Area real estate is an ever-increasingly popular investment for prospective property or home owners in California. The location is prime, and the price is always right. Whether it is due to the area's oil-rich location near the shore, the...
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Investing In or Owning Drug Lab Properties
As a property owner, you are responsible for 100 percent of the clean up! Cleanups of labs are extremely resource-intensive and costly. The average cost of a cleanup is about $5,000. This is if you are lucky!
Clean Up (includes the insides and the outside of a building)
Air out the building
Removal of contaminated materials:
Carpets, carpet pads, Linoleum, drapes and blinds, air-filters, refrigerators, range, water heater, all tenant clothing and their furniture.
Removal needs to be to a site that accepts contaminated product.
All people that remove these items need to be specially trained and certified.
Surfaces: Extensive cleaning and replacement if the cooking occurred on those surfaces. After extensive wash down with bleach and other cleaners, seal walls and floors to seal in any contamination.
Ventilation systems: Furnaces and heaters will either need to be replaced or cleaned throughout all ductwork.
Plumbing: You might need to replace sinks, toilets and other accessible plumbing due to methamphetamine odors since meth residual was most likely deposited down the drains.
Repainting: Make sure the walls, ceilings and closets are cleaned, sealed and then painted.
Windows: Make sure they have been cleaned as well as the tracks. If the unit was especially heavily used, replace all of the windows. Doors in and outside
need to be painted and door hardware needs to be washed down.
Exterior: Does the yard need to be cleaned up? Is there methamphetamine debris in the yard?
Most states required a certified industrial hygienist to approve of the clean up, and most states require a certificate of occupancy permit
Contact your state department of health for more information on this.
http://www.portlandtribune.com/archview.cgi?id=23990
http://www.mapinc.org/drugnews/v01/n214/a08.html
To your success,
John Michael
Copyright 2005 JMichael Investments
You have permission to publish this article electronically or in print, free of charge, as long as the bylines are included. A courtesy copy of your publication would be appreciated - send to John@jmichaelrei.com
About The Author
Copyright 2005 JMichael Investments
John Michael is an active Real Estate Investor and teacher/coach. You can visit his site at http://jmichaelrei.com
John Michael also offers free membership in his investing club and FREE coaching in real estate - Email at John@jmichaelrei.com
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