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All Forum Posts by: Christopher Deforest

Christopher Deforest has started 2 posts and replied 22 times.

Post: Tenant claims sickness due to Mold

Christopher Deforest
Pro Member
Posted
  • Rental Property Investor
  • Redding, CA
  • Posts 22
  • Votes 12

The mold inspector & remediation  company should provide you with a certificate of clearance.  

Post: Anyone building ADUs/JADUs in the Fresno/ Clovis area?

Christopher Deforest
Pro Member
Posted
  • Rental Property Investor
  • Redding, CA
  • Posts 22
  • Votes 12
Quote from @Travis Beck:

Thomas, it will be north of $150,000. But without more info it's hard to say exactly. Need to consider the rental value it will bring. It's true that appraisals seem to value ADU low, but I think that will change over next 5 years as more and more are built and we see more ADU comps being sold. If building on your primary there is a very cool loan program to help primary owners build ADUs. I have client that got $140k loan for 2% interest. Let's discuss further if you are interested.

Travis,

Any chance you could share the name of that loan program with me? I'd appreciate it!

      Chris


Post: Growing interest & demand for merchantable timber and carbon credits..any experience?

Christopher Deforest
Pro Member
Posted
  • Rental Property Investor
  • Redding, CA
  • Posts 22
  • Votes 12

@AJ Wong A forester can write

up a forest management plan for the property then they'll determine the amount of carbon you can sequester/ store based off of tree size, health, projected growth rates, "leaking" and surface fuels too I believe. I do small logging jobs here in CA, primarily fire cleanup and wildfire prevention through vegetation management. I have land and have been looking into the steps to sell the potential carbon credits as well and if it's more lucrative than harvesting the timber to offset purchase costs. None of the information is concise and i've spend hours trying to research this topic. Let me know if you find anything out!

Post: Anyone getting carbon credits for their land?

Christopher Deforest
Pro Member
Posted
  • Rental Property Investor
  • Redding, CA
  • Posts 22
  • Votes 12

@Sean H. There's a few companies out your way that will do a forest management plan then determine how many credits you have to sell. It seems pretty convoluted though. I've been looking into it myself as well.

Post: HVAC Brand Reliability

Christopher Deforest
Pro Member
Posted
  • Rental Property Investor
  • Redding, CA
  • Posts 22
  • Votes 12

@Joe Zinger

I worked as an hvac installer for a few years and my boss swore by Ruud. Like others have said, make sure you register it for the 10 year warranty. I believe Trane offers a 10 year warranty as well. Goodman's are cheap IMO. Proper ductwork (aka no leaks) will increase the life of your compressor as they are rated by how many times they turn on and off.

Post: REDDING CA - Meetup March 25, 2021 - Shasta County

Christopher Deforest
Pro Member
Posted
  • Rental Property Investor
  • Redding, CA
  • Posts 22
  • Votes 12

@Karen Margrave Ill be there, and as much as I love The Park, weather is still up in the air. Let us know where and Ill see everyone there

Post: REDDING, CA INVESTORS

Christopher Deforest
Pro Member
Posted
  • Rental Property Investor
  • Redding, CA
  • Posts 22
  • Votes 12

Karen I was under contract last month for a house that had tenants on a month to month lease since their original 1 year lease had expired. The way it was explained to me was that I had to give them 60 days notice to leave the property. Ended up not buying it due to the house being built on wetlands though... You're completely right though, inventory is very low all over Shasta County. I'm looking forward to meeting back up a Woodys one of these days!

Post: Seller demanding release of EMD and Finance contingency

Christopher Deforest
Pro Member
Posted
  • Rental Property Investor
  • Redding, CA
  • Posts 22
  • Votes 12

Hi all,

So I've encountered a sketchy predicament while trying to make an offer on a SFH that is currently rented on a month to month lease due to the tenants one year lease expiring. I made a simple offer and the counter offer by the sellers state

"Upon buyer releasing the loan contingency, the buyer will immediately release the EMD and the seller will provide notice within 48 hours of the tenants to vacate."

"close of escrow shall be 95 days or less depending on vacancy of tenant."

During my initial walkthrough of the property, the tenants stopped by and literally kicked us (myself and my realtor) out of the house because the owner wasn't there to show us the property. They were aggressive and extremely rude. Nothing I've personally experienced with any of my tenants, or remotely close. With that in mind, I'd rather not buy this house with the tenants still in place because I can foresee myself inheriting a mess involving them squatting, security deposit issues, or whatever Covid-19 laws that are in place. I'd like the property to be vacant upon me closing and not have it potentially thrashed by angry tenants feeling forced out of their current home.

Does anybody have any ideas as to how I should move forward with this? Or walk away from it and wait for another deal? I'm not keen on giving up my EMD either, especially prior to an inspection on the property. Thanks in advance for any insight

Post: Insurance demanding proof PM or they will drop my policy

Christopher Deforest
Pro Member
Posted
  • Rental Property Investor
  • Redding, CA
  • Posts 22
  • Votes 12

Thanks for the prompt replies fellas, I assumed everything that you all had mentioned above... just wanted to make sure I wasn't crazy. @Filipe Pereira I'll give AAA a shot. @Benjamin Seibert the property is in Alexandria, VA relatively close to Frederick and I'm through Erie which has been great to me for years up until now. Just an FYI in case you ever decide to get insurance through them.

Post: Insurance demanding proof PM or they will drop my policy

Christopher Deforest
Pro Member
Posted
  • Rental Property Investor
  • Redding, CA
  • Posts 22
  • Votes 12

Good morning all,

I am perplexed and have no idea how to reply to an email I received yesterday. It stated because I live out of state, I must show proof of a property management company or else my insurance will be cancelled. I've been insured for over 4 years through the same company (Erie) and have lived out of state the entire time. Has anyone else dealt with this before and are there recommendations for other insurance companies that are friendly towards out of state landlords? It's a basic landlord policy with umbrella insurance due to the property being a condo which is insured through the HOA. Thanks in advance for any insight!