Showing posts with label Oregon. Show all posts
Showing posts with label Oregon. Show all posts

Friday, October 13, 2017

Making Profit With Real Estate: Property Management

           This is a continuation of a post I had started yesterday.  I did not use a numbering system in the assignment I turned but wondered if it might be easier to read.  Meanwhile, it has gotten more lengthy.

Property Management

            I would rather "flip" properties than to use them as rentals.  Roland thought the ideal rental would be commercial property - renting out space to doctors, specifically or manage on office building.  That is something we have never done, but we did have two rental properties for family living.  There are different ways to be in property management. 


1.       Sometimes Roland would (and still does) look at commercial properties that he could use to rent out office space or floor space.  We had actually looked at a squirrely layout in Sandy - there were 9 different rooms I think and most included sinks.  He said it had been used as a daycare at one time but he was thinking it might make good offices for doctors.  The appearance of the establishment was residential, but most of the buildings around it were used for commercial - if used at all.  Unless the doctor had clients living in that part of Sandy whose only option of transportation was their feet, I don't think it was the most ideal location and was in need of cosmetic repairs in order to invite the public to want to see a doctor in that establishment.

2.       We did have two different houses that we used as rental property.  The first was the house we ended up living in when we moved to West Valley.  At the time of purchase we had no intentions of moving into it.  As usual, the family was recruited to spruce up the appearance.  I took this picture before it was ready as we working on it.  
I



          I took a lot more, but currently this is all I can find.  While working on it, Biff enquired if we had any renters in mind or if he could possibly move in.  I think it was a good experience for him to be out on his own.  Sadly it lasted only a couple of months.  In December of 2007 he was in an accident that totaled the car he needed as transportation and as things didn't seem to be working out with his roommates, he used it as an excuse to get out.

          Our next renter was the daughter of a ward member who needed a second chance.  If the declining economy hadn't been such an issue with the job market, they may be living there still as Roland had contracted a lease/purchase option in which they were actually paying more than expected rent, but the money was to be accumulated to use as down payment for purchasing when they finally qualified.  They could no longer make payments, nor could we on our current house in Kearns.  We ended up losing our house in Kearns and moved to our West Valley Property (see here and here) 

           Meanwhile we had purchased another property in Kearns from a neighbor who was also having financial problems.  He had used it as a rental for as long as we had known him.  We continued with rental, but had not made the best of selections with our renters.  The last couple we had in our Kearns rental moved into the neighborhood about five or six months before we moved out.  It was their intent to purchase the property when the timing was right.  Unfortunately it was never right for them.  They both lost their jobs and we ended up doing a quick claim deed returning it to the neighbor we had initially purchased it from.

3.       I posted about the trauma of getting into our rental when we first moved to Oregon.  My third example of a third party property management. You could purchase several properties but allow another a percentage to collect rent, enforce rules and so forth.  I used Neil Co as my reference as it is the only property management that I have dealt with personally.

          I had actually created a post recommending not to use Neil Co at Century 21, but since have reverted to a draft - though I'm still not happy with them overall, they did seem to be on top of it when we called for maintenance issues. Getting in and out was my major issue but I really loved the house where we live.  I really thought I would miss this house after we left, but really have not given it a second thought.  That's really impressive too. 
I suppose I did have six to begin with, but as I did not go into as much detail with those examples, I wasn't certain that I had covered six examples.  Now that I see it outlined this way, I can see where I had used at least seven in the assignment I turned in.  Next post:  Gravy Investments.  Aren't you excited?








Friday, May 26, 2017

Not Bad for Under Two Years


          When I was 7th grade, the mandatory history class focused on American history and Utah history.  We had first did a brief study on Europe and the reasons given for explorers making their way to the American continent. 
I don't recall a lot on either Revolutionary or Civil Wars though I'm certain that each was mentioned.  We cruise through Utah history as 95% of the class had been raised in the LDS church and obviously knew more about Utah's history than the text book - which had Joseph Smith martyred by hanging - in Utah.  Joseph Smith was not hung nor did he live long enough to see the Church move toward the Utah territory. 
          That is just one example that I remember.  The instructor was not LDS, but he could see that the class wasn't going to budge - weather right or wrong. I think we ended up skipping three chapters.  It was toward the end of the year anyway.  So how much of what we had already learned had even been accurate?  The entire book could have been done on speculation without resources to back up the so called information.

          Jenna's social studies have been focusing on pyramids and castles????? That's all well and good for those of us who live abroad, but wouldn't it actually be more useful and beneficial to start with your own state and country before expanding into places you might not actually ever get to.  I'm almost 55 years old.  The only castle that I've seen is the one Walt Disney had built for Disneyland.  It doesn't fit the history of the castles that Jenna has been learning about.



          We live in Oregon now.  I want to know about Oregon, specifically Douglas County.  I want to know the history of the things that are tangible to me - not the man-made architectures that I may never see.  All history is important - but not all are priorities - not for me anyway.  I've been trying to understand this county ever since we got here.


          The other day I was visiting with my friend Carolyn (mentioned in this post) and she showed me a Douglas County visitors guide (2017) that had come with the latest edition of the newspaper she recieves (I'm guessing Sunday's edition of the News Review)

         I'm aware that there are many who may live in a state or country all of their lives and not see any tourist attractions.  I am proud to say that I have seen (or are at least familiar with) more than half of what is considered Douglas County's top 10. 




          Before we were fully unpacked, one of the first things that we looked into was getting library cards. Roland found a video of the Roseburg Blast.  Wow!  Very informative.  It was mind blowing, heart breaking . . . very well done, I thought.  Certainly a lot more informative and more impressive than the Douglas Museum of History and Natural History.  After having visited many museums in Salt Lake City, the Douglas Museum was actually quite disappointing.  In this case, I am happy to have watched the video first.

published August 7, 1959






           I'd taken pictures of the lumber yards shortly after we moved here.  Some of these I've already posted back in 2015.




taken in Riddle


Glendale









           Even Myrtle Creek had once thrived on lumber dependency.  See here and here

from the Myrtle Creeks Day Parade July 2015

This was the picture in the News Review brochure

Ireland Trucking participates in July and December parades


           I had only learned about the owls earlier this month.




           Roseburg isn't always windy, but does seem to be windier than myrtle creek.  Just this past Saturday we had looked sheds before moving to inside the store and finding plastic owls and other finds for our yard and house.  The wind was howling something fierce and it felt like the tin sheds would rip out and blow away.





          I have been to Crater Lake only once.  This picture was taken in September when my brother Corey, came to visit.

taken September 2015





          I have not heard of Little River Rapids.  I have pictures of both north and south Umpqua rivers.  Mostly South - as the Umpqua bridge in these photos takes you from I5 ramp 108 to downtown Myrtle Creek


North Umpqua September 2015

North Umpqua July 2016

South Umpqua from railroad tracks of 4th St. January 2017

North Umpqua July 2016

South Umpqua November 2015

South Umpqua January 2017

South Umpqua November 2015

South Umpqua March 2017

         



          I have not been to Yoncalla.  I am familiar with its name and location on the map

  


now called Yoncalla High; taken from web


          I think we had gone to Drain when we were looking at houses.  I would have guessed "Douglas High" would have been in Roseburg



          I am so NOT into sports. 

scanned from News Review's Visitor's Guide 2017



          In addition to the 10 things to know were articles that featured great parks to visit, spectacular waterfalls (I had only been to Watson)

Watson falls from Corey's photos


and music.


Also a little blurb on Diamond Lake.  Corey and I stopped by to take pictures when he was here in September 2015.



I cropped this from one I had taken at Diamond Lake

Corey took this one of me


          There was also an article that featured Historic Oakland a city north of Roseburg. 


We missed the 2016 event, but I will be certain to put this on my agenda for 2018. 

Looks fun.