My property got on fire in Memphis and I live in CA

[Or Basan]

I got a phone call from my Property mannager this morning saying that the properties is on fire (electrical issue). here are some facts : no body got injured sience no body was at the house . Renters have renters insurance. I have a cash value insurance . the house is damaged but not total lost +water damage from the fire department. i called my Insurance company right ater I got off the phone with my property manager. some one knows what will be the process from now on ? aveage timeline? and in general , any strategy suggestions ? what would you do thanks

[David Hutson]

Evening @Or Basan,

@Chris Clothier, has it right.  I am also in Sacramento and had one of my Memphis houses burn down about two years ago.  The PM will try to do the work for you, if they have an in house team or they work with another company.  They will want a small fee for managing it.  If you have great property management and you trust them then let them handle it all.  It will save you the headaches and you can have the PM handle any issues that result after the repairs.

The timeline will be determined by the amount of damage/repairs that need to be completed and your PM should be able to give you an idea since they should have eyes on the damage.

I'm in Sac too.  Shoot me a message if you'd like to meet up for a smoothie and discuss it or investing out there.

David