Comments Off | Sunday, February 7, 2010
It seems folks are looking for ways to get more utility value from their homes because these things don’t cost a lot. There are other things the article spoke about, so for more on this, Click Here for the Article
Make it a Great Day…
Ed Favinger, Broker CRS, GRI favinger@rwnetwork.com 916-203-1260
Comments Off | Monday, January 25, 2010
If you don’t get Yahoo News I thought I’d pass on a couple of articles
Home sales rose in ’09 as prices plunged 12 pct. – Yahoo! Finance
December home sales down nearly 17 percent – Yahoo! Finance
My conclusion is that this market could be much better if the powers that be would just allow loans to be made to investors at or near the same rates, maybe just a bit higher, than Owner Occupied real estate.
See my blog article regarding poor Mr. Phillips. That story is being repeated thousands of times all across the country.
Pass the word.
Make it a great day…!
Ed Favinger, Broker, CRS, GRI 916-203-1260 favinger@rwnetwork.com
Comments Off | Thursday, December 10, 2009
While I did give you a tip regarding shutting of water supply lines when you are going to be absent for a long period of time and you don’t have a “house sitter”, I didn’t tell you what we did to clean up the mess.
The Problem…?
Was that a water supply line to the upstairs Master Bathroom Toilet broke and the resident there said she estimated it leaked out for at least 20 minutes before she noticed water dripping down stairs through an “air vent”.
She immediately turned off the water supply line located just below the toilet and then got out her trusty old “shop 
vac” to get the water up.
While she did what she could, we had to call out a professional carpet cleaning company to extract the water that had filled up a large master bathroom that was carpeted and then traveled further to about 2 or 3 feet into the bedroom itself.
The Solution…..
Our experience tells us just extracting as much water as you can, you never get it all. The carpet and pad will be wet and will cause a mold and mildew problem if not properly treated and dried quickly.
Advanced Carpet, our “preferred vendor” extracted all the water that they could, then set up huge fans to speed up the evaporation process to get the area dry. The next day they came out and cleaned the carpet of any residue or coloring.
While she was inconvienced by it all, the resident thought they had done a great job in restoring the area back to it’s previous condition.
We’ve been using this company for about a year now. You can find them on the web here at Advanced Carpet & Upholstery Cleaning and their local phone number is 916-989-2146. They’ve got a “helpful hints page“ that you might want to also check out.
If you call them for service and mention our property management company’s name, Haven Properties, they will offer you further discounts beyond their posted coupon prices.
Finally, let me tell you that we think Advanced Carpet’s pricing is just about the best in the area so check them out for your “Christmas Party” carpet cleaning or call them in an emergency for water extraction if this problem ever happens to you.
Make it a Great Day
favinger@rwnetwork.com - Mobile 916-203-1260
Comments Off | Sunday, December 6, 2009
Before I answer that question, let me implore you to obtain and maintain a Hazard Insurance policy for your rental properties that does cover water leaks.
So now let me answer the question… The Answer is..? There’s gonna be a whole lot of water spilling into the room and spreading throu
ghout the house until it’s turned off.
If this is a leak for example, from a Toilet Water Supply line in an upstairs bathroom, which recently occured in a rental home here in Folsom that we manage, the water will find a way downstairs… In this case, it came through a vent and dripped in an area right below.
We were lucky because the tenant was home and was able to turn off the water supply valve. This lady estimated that the water had to have been leaking for about 20 minutes.
An emergency call went out to one of our vendors to extract all the water we could and place fans to dry up the carpet to prevent mold and mildew from forming.
We were lucky because this lady just happened to be home.
So here’s the tip… If you are going to be gone for several days and do not have a house sitter, you might want to consider turning off the water supply lines in the house, or… just turning off the water supply line at the gate valve.
I can’t imagine the damage that would have occured if this tenant had not been home and even if you have insurance, there is the hassle of dealing with it all.
Make it a Great Day
