All Forum Posts by: Nathan Leland

Confirmation came today, the only thing left standing are the steel deck supports. At least we know where we stand, onward and upward.

 Hi @Chris Levarek, no, we have insurance through California's Fair Plan (many times the only option in high-fire areas).

Thanks @Collin Hays , I hop it is not off by 40% but we are anticipated a gap given the high cost of materials, labor, and inflation. The irony is that we chose this property over another due to how quickly we could have had it on the market....oops. 

 The home is in an area that is not touched by private insurers but is covered by CA's Fair Plan. We don't /hav confirmation yet but should in the next few days and then the calls will begin. 

We are definitely solutions oriented so I am focused on how to move forward and meeting our STR goals. We purchased the property due to the acreage and our option to add a second dwelling in the future, a future that is sooner than we expected. More to come...

My wife and I finally made the leap and closed escrow on our first STR home last Friday at 2:03pm, the Oak Fire started 7 minutes later, and (it appears) that the house burned down 24 hours later...we never got the keys. It is too soon to know definitively but there is enough evidence to suggest the worst. Once we can get access will assess and come up with a plan.

In the meantime, I would love to hear from anyone that faced a similar situation. What silver linings were found, etc...

Best,

Nathan

(here's a comp of where we were going with the entry (ignore the driveway)