exit strategy rental with fire damage

[JJ O.]

Greetings Philly Investors!  

My rental property in West Philly was recently damaged by fire and I am considering  exit strategies.  

Does anyone have any experience/contacts/leads on dealing with fire escrow?  Selling a fire-damaged property?  

Thanks in advance!

[Johnny Kang]

@JJ O.

This is a niche I was kinda "forced" to get into, after spending a decent amount of money on direct mail. 

If you're looking to sell, your best bet is to find either; 

1) Fire Damage Restoration companies, that also do rehabs (the lingo restoration companies use will be either "rebuilds," or "recons"). Companies that do both are hard to find (operationally they're set up differently, and margins differ as well), which is why most restoration companies usually don't do both. 

2) Find an investor who has experience in this space. 

Don't do an AOB (Assignment of Benefit).