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5 Hot Tips For Successful Real Estate Investment
The last downturn of the global stock market saw millions of ‘every day’ investors having their fingers badly burned. Overnight life savings were eaten away, retirement funds went into decline and the economic forecast for all of us who had any...
Is The House Flipping Hype For Real?
House flipping is hot -- to the point where more than one successful reality TV show has been created to feed the appetite of up and coming house flippers. But does the reality of house flipping measure up to the hype?
House flipping TV shows...
Real Estate - Investments That Increase Your Net Worth
Consider these parameters for a real estate deal:
Property Value: $250,000
Purchase Price: $160,000
Repairs: $2,500
If you analyze the numbers, you see that the equity available in this deal is $87,500 (Property Value minus Purchase...
Spring Into Action: Home Maintenance
Spring has sprung! Even more important than buds, birds, and bees, spring brings buyers! When buyers are looking for a place to nest, they would really rather not see problems. As it turns out, nearly every home inspected has problems or...
Thinking of Selling Your Home?
Are you thinking of selling your home? Well, the time to start planning for it is NOW!
One of the biggest mistakes a homeowner can make when he or she is thinking about selling their home is failing to plan for the sale in advance. There really...
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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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