Sounds like Port Charlotte/ Punta Gorda got the absolute worst of it From there west to Arcadia along route 17.
Many years ago, Mark, to sorta answer your question a tornado wiped out a big section of my home town in Xenia Ohio. Yes there were lots of money-making oportunities of various types in the aftermath. But most of them were labor intensive not capital intensive.
Labor intensive is good. Hard work builds strong character. It also increases stamina, indurance, potency, and life span. We had a severe storm here last July, 500k without power. I made 50k in one week getting trees off of houses with my crane truck. We had a hotel room because our power was out for 12 days. It looks like working in florida will be much tougher though.
For what it's worth, I heard at least one person say on the news that she is leaving the state in response to this storm. So there may be a lot of motivated sellers. However, from what I've seen, many of the homes will have to be completely rebuilt. I don't know how lucrative that would be. If I had the resources, I would probably go over there and do some deals without trying to make money, just to help people out. I'm from that area and have a lot of friends there. Plus, Charlotte County has the highest percentage of elderly in that state.
There will probably be some rehabs worth looking at, though. And the good news is that Homeowners Insurance is not expected to increase like it did after Hurricane Andrew. After Hurricane Andrew, insurance went up, in some cases 200%. Insurance companies are reporting that this price increase will ensure that insurance companies will be able to meet the demands. In addition, there is a state fund of I forget how many billions of dollars set aside to help insurance companies pay for this type of damage. It's like insurance for the insurance companies. Even if you make money in the deal, you're still doing a much-needed service, so I don't think there is anything wrong with it.
Quote:
On 2004-08-13 12:59, MarkMarkov wrote:
For all you folks in Florida, do you think the hurricane will present a lot of opportunities for rehabs (new roof, siding, etc.)?
I don't think we should be so quick to judge. No matter how much money someone makes, as long as there is no price gouging involved, there is nothing wrong with conducting your regular business. I can guarantee all those emergency workers in Florida are getting paid, and very well. Nobody should be expected to work for free, especially for performing the business through which he makes his living. There is going to be lots of business for tree removers, roofers, and contractors, and I'm sure they will all be charging for their services. If you want to use that logic, then doctors are guilty of the same thing.
Candace
Quote:
On 2004-08-15 00:38, Neill7 wrote:
$50K in one week? helping people get rid of trees?
Glad that other people's misery could be such a big gain for you.
I happen to know the Port Charlotte/Punta Gorda area fairly well. In my opinion the area was poised to become very hot before Charley. Without minimizing anybody's personal tragedy I don't think Charley will hurt that positioning at all. In fact, I suspect it will actually speed up the timetable for appreciation (after the appropriate period of clean up and initial loss of value)
In the long run this will be extreemly good for the real estate market there. In fact I'm thinking of putting together an investment pool to invest in the area. The biggest hinderence to future progress is the past. Charley has given Charlotte county a clean slate.
Again, this is not to minimize the personal suffering and tragedy. My sympathy to all who lost loved ones or property there.
Tree removal can be a dangerous and life threatning job. I've put my life on the line on many occasions just to pay the bills. Before the big storm here I worked for the rich for much less than the jobs were worth just to pay the bills. My business has nothing to do with being a good neighbor. When a storm hits and I'm getting 150 calls a day from people who want a giant tree off of their house and car, I charge what I feel like the job is worth at the present time. The law of supply and demand applies in this situation as well. No one is forcing them to pay my price. They can hire someone else if they choose to do so. Moreover, their insurance company is reimbursing them for the expense. Do insurance companies give their customers the freedom to negotiate their premiums? My liability insurance goes up every year despite the fact that I have never filed a claim. So, the next time a storm hits, they need to get their check books ready, because I'm coming out with the saws blazing and the cash register ching ching chinging.
Quote:
On 2004-08-15 00:38, Neill7 wrote:
$50K in one week? helping people get rid of trees?
Glad that other people's misery could be such a big gain for you.
Quote:
On 2004-08-15 22:29, Ricker wrote:
Not sure why, but it was "THE" place to buy.
<font size=-1>[ Edited by Ricker on Date 08/15/2004 ]</font>
I know why. Because it has the most waterfront property in the entire state of florida. It's also still much cheaper than comparable land in SE Florida.
Anyway, like others have said here this storm is ultimately going to turn an already hot market into a frenzy. The situation right now is very sad and horrendous, many folks are homeless.
On the positive side things (from an investors point of view), many of the older homes are now gone - including many manufactured homes and trailers that had been sitting on waterfront property for ages when land prices were still cheap. Million $ homes will now sprout up on these lots. This area is going to be THE place to invest in Florida now once the dust clears.
Check out areas like South Gulf Cove and Rotunda west of Charlotte Harbor. I think there will be some serious building there when people get their insurance checks.
Hey, you wouldn't happen to be a lawyer, or anything like that, would you??
No, I'm not a lawyer, why do you ask?
If yuo are in the pool screening business or tree removal business, you will make a killing right now.
I got lucky, only one property got major damage (huge tree through roof)
I've got a tree removal business and I'm considering a trip to Florida. Does anyone know a good area to start looking for work?
Sounds like Port Charlotte/ Punta Gorda got the absolute worst of it From there west to Arcadia along route 17.
Many years ago, Mark, to sorta answer your question a tornado wiped out a big section of my home town in Xenia Ohio. Yes there were lots of money-making oportunities of various types in the aftermath. But most of them were labor intensive not capital intensive.
Labor intensive is good. Hard work builds strong character. It also increases stamina, indurance, potency, and life span. We had a severe storm here last July, 500k without power. I made 50k in one week getting trees off of houses with my crane truck. We had a hotel room because our power was out for 12 days. It looks like working in florida will be much tougher though.
For what it's worth, I heard at least one person say on the news that she is leaving the state in response to this storm. So there may be a lot of motivated sellers. However, from what I've seen, many of the homes will have to be completely rebuilt. I don't know how lucrative that would be. If I had the resources, I would probably go over there and do some deals without trying to make money, just to help people out. I'm from that area and have a lot of friends there. Plus, Charlotte County has the highest percentage of elderly in that state.
There will probably be some rehabs worth looking at, though. And the good news is that Homeowners Insurance is not expected to increase like it did after Hurricane Andrew. After Hurricane Andrew, insurance went up, in some cases 200%. Insurance companies are reporting that this price increase will ensure that insurance companies will be able to meet the demands. In addition, there is a state fund of I forget how many billions of dollars set aside to help insurance companies pay for this type of damage. It's like insurance for the insurance companies. Even if you make money in the deal, you're still doing a much-needed service, so I don't think there is anything wrong with it.
Quote:
On 2004-08-13 12:59, MarkMarkov wrote:
For all you folks in Florida, do you think the hurricane will present a lot of opportunities for rehabs (new roof, siding, etc.)?
$50K in one week? helping people get rid of trees?
Glad that other people's misery could be such a big gain for you.
That is very neighborly of you.
I don't think we should be so quick to judge. No matter how much money someone makes, as long as there is no price gouging involved, there is nothing wrong with conducting your regular business. I can guarantee all those emergency workers in Florida are getting paid, and very well. Nobody should be expected to work for free, especially for performing the business through which he makes his living. There is going to be lots of business for tree removers, roofers, and contractors, and I'm sure they will all be charging for their services. If you want to use that logic, then doctors are guilty of the same thing.
Candace
Quote:
On 2004-08-15 00:38, Neill7 wrote:
$50K in one week? helping people get rid of trees?
Glad that other people's misery could be such a big gain for you.
That is very neighborly of you.
I happen to know the Port Charlotte/Punta Gorda area fairly well. In my opinion the area was poised to become very hot before Charley. Without minimizing anybody's personal tragedy I don't think Charley will hurt that positioning at all. In fact, I suspect it will actually speed up the timetable for appreciation (after the appropriate period of clean up and initial loss of value)
In the long run this will be extreemly good for the real estate market there. In fact I'm thinking of putting together an investment pool to invest in the area. The biggest hinderence to future progress is the past. Charley has given Charlotte county a clean slate.
Again, this is not to minimize the personal suffering and tragedy. My sympathy to all who lost loved ones or property there.
Tree removal can be a dangerous and life threatning job. I've put my life on the line on many occasions just to pay the bills. Before the big storm here I worked for the rich for much less than the jobs were worth just to pay the bills. My business has nothing to do with being a good neighbor. When a storm hits and I'm getting 150 calls a day from people who want a giant tree off of their house and car, I charge what I feel like the job is worth at the present time. The law of supply and demand applies in this situation as well. No one is forcing them to pay my price. They can hire someone else if they choose to do so. Moreover, their insurance company is reimbursing them for the expense. Do insurance companies give their customers the freedom to negotiate their premiums? My liability insurance goes up every year despite the fact that I have never filed a claim. So, the next time a storm hits, they need to get their check books ready, because I'm coming out with the saws blazing and the cash register ching ching chinging.
Quote:
On 2004-08-15 00:38, Neill7 wrote:
$50K in one week? helping people get rid of trees?
Glad that other people's misery could be such a big gain for you.
That is very neighborly of you.
Quote:
On 2004-08-15 22:29, Ricker wrote:
Not sure why, but it was "THE" place to buy.
<font size=-1>[ Edited by Ricker on Date 08/15/2004 ]</font>
I know why. Because it has the most waterfront property in the entire state of florida. It's also still much cheaper than comparable land in SE Florida.
Anyway, like others have said here this storm is ultimately going to turn an already hot market into a frenzy. The situation right now is very sad and horrendous, many folks are homeless.
On the positive side things (from an investors point of view), many of the older homes are now gone - including many manufactured homes and trailers that had been sitting on waterfront property for ages when land prices were still cheap. Million $ homes will now sprout up on these lots. This area is going to be THE place to invest in Florida now once the dust clears.
Check out areas like South Gulf Cove and Rotunda west of Charlotte Harbor. I think there will be some serious building there when people get their insurance checks.