I wish my home remodeling projects went this fast. From demolition to gorgeous in minutes, thanks to the magic of time-lapse video.
Starts here.
907-252-2743
I wish my home remodeling projects went this fast. From demolition to gorgeous in minutes, thanks to the magic of time-lapse video.
Starts here.
As a Kenai homeowner, you obviously pay for your mortgage but as an investor, your tenant does. Equity build-up is a significant benefit of mortgaged Kenai rental property. As the investor collects rent and pays expenses, the principal amount of the loan is reduced which increases the equity in the property. Over time, the tenant pays for the property to the benefit of the investor.
Equity build-up occurs with normal amortization as the loan is paid down. It can be accelerated by making additional contributions to the principal each month along with the normal payment. Some investors consider this a good use of the cash flows because interest rates on savings accounts and certificates of deposits are much lower than their mortgage rate.
In the example below, is a hypothetical rental with a purchase price of $125,000 with 80% loan-to-value mortgage at 4.5% for 30 years compared to a 3.5% for 15 years. The acquisition costs were estimated at $3,000, the monthly rent is estimated at $1,250 and $4,800 for operating expenses.
Notice that both properties have a positive cash flow before tax. The cash on cash return is the revenue less expenses including debt service divided by the initial investment to acquire the property. The 15 year mortgage will obviously have a smaller cash flow and lower cash on cash but the equity build-up is significantly higher.
If the goal of the investor is to pay off the property to provide the highest possible cash flow at a later date, a shorter term mortgage with a lower interest rate will help them achieve that. A simple definition of an investment is to put away today so you’ll have more tomorrow. Sacrificing cash flow now, during an investor’s earning years, is a reasonable expectation to provide more cash flow in the future when it might be needed more.
Contact me if you’d like to explore rental property opportunities.
Soldotna Real Estate & Home For Sale
Fishing base camp in Soldotna. Well cared for home with amazing landscaped yard and large 2,394 square foot home. This split entry has room for everyone with three bedrooms and two baths. Parking for the car in the front with a single car garage. Possible RV parking in the rear and two slots for boats. Conveniently located in Soldotna on Marydale. Shopping and commuting to work or play is a dream.
Perfect for a gardener with established beds and green house. The fitness lover will enjoy the backyard has a basket ball court and large open den perfect for a home gym or Brazilian Butt Lift videos. When you are not gardening or working out take advantage of the brick patio with gas barbecue. For those cold Alaska nights check out the sauna.
The home is well appointed with two bedrooms up and one down. Each floor has a full bath with shower/tub. The family room, dining and kitchen are on the upper level. The den and third bedroom are on the lower level. The green house is access from the lower level den. Great for fall and spring gardening.
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Alaska Septic Systems are pretty basic but it is amazing how many times they need to be replaced prematurely. If you would like to maintain your Alaska septic system in working order take note.
Excessive Water – Make sure none of your sink or toilet fixtures are leaking. I recently bought a home where the former owner had to replace the drainage field. The system was halfway through it’s estimated life. What I discovered after moving in was the master bath toilet never stopped filling and the handle had to be manually lifted after each flush. I replaced it. Have you checked yours?
Food – Your garbage disposal is not your friend. Place a screen in the sink basis to catch all the solids and empty into the trash or compost.
Fat, Grease or Oil – Empty used cooking oils, roasting tray, slow cookers and fryers into the trash. Keep a grease jar handy.
RV Waste – dumping your RV tank into your household system will automatically over fill the holding tank and cause solids to move into the drainage field. One of the fastest ways to kill your septic system.
Tide Powder Detergent – The only detergent that the rumor mill gives a hard time is powdered Tide.
Significant Amounts of Cleaning Chemicals – use household cleaners in moderation, excessive cleaning and flushing of household cleaners will ruin your drainage field, not to mention your drinking water.
Coffee Grinds – The grinds do not breakdown or decompose quickly and move throughout the drainage field clogging the drain hole in the pipe.
Kitty Litter – REALLY PEOPLE! Cat Litter is made of clay.
Cigarette Butts – As if lung cancer is not enough, now you want to back up your poop.
Disposable Diapers – Flushable diapers are for city sewers only. NOT septic systems
Baby Wipers – Flushable wipes are for city sewers only. NOT septic systems
Paper Towels – Paper towels are designed to hold water, not dissolve in water.
Feminine Hygiene Products – You might as well start saving $200 a month, a replacement field will cost you $6,000 to $7,000, if you are lucky.
The primary purpose of a septic system is to protect ground water. Chances are that if you have a septic you have a well on the same lot. Use common sense and don’t flush hazardous chemicals, such as:
Paints
Paint thinners
Medications
Pesticides
Varnishes
Waste oils
The State of Alaska DEC has a fairly good site on Alaska Septic systems including a list of certified installers.
For many new to Alaska and the Kenai Peninsula, septic systems are a foreign concept. The vast majority of Americans, at least the ones moving from a city of any size, had city sewer and water. Both the city of Kenai and the city of Soldotna have city sewer and water within the core of the communities, but you often lose access if you are farther than two miles from a stop light, cross the Kenai River or simply don’t live in town. For rural communities with large lots and a dispersed population (The Alaska Kenai Peninsula) septic systems are the only cost effective option. It is estimated that 30% to 40% of the Alaska’s population use a septic system.
The primary purpose of the system is to move human waste out of the house and protect the ground water. During the homestead days of the 50’s and 60’s a wood crib was used to disperse the waste. Wood cribs were popular and cheap. The only problem is that most contaminate the ground water. This was not an issue until the homesteader started to have neighbors who placed a well nearby. Modern septic systems were designed to reduce the impact that your sewage would have on your drinking water. If you have concerns, a local inspector can test the water for contaminants.
The system consists of a septic tank and a drainage field above and separated from the ground water. The septic tank is fairly standard, most importantly it needs to be sized appropriately for the number of bedrooms and baths it will serve. The septic tank’s purpose is to separate the solids from the liquids. Once the liquid waste leaves the tank it moves into the drainage field where it is dispersed, hopefully. There are several types of drainage field designs ranging from trench and engineered mounds to the occasional pit. The big difference between a wood crib and modern engineered septic is the spacing and type of soils and gravels placed in the drainage field to separate the sewage from the water table. This allows an opportunity for the grey water to be filtered by nature’s bugs before it is sucked up by your downhill neighbors well.
When considering a home, make sure that your drainage field is at least 100 feet from your well and your neighbor’s well. It is also a good idea to make sure that your well is at least 100 feet from any surrounding septic drainage fields. If you have questions on septic design check out the State of Alaska Certified Installers Manuel. The local Alaska DEC office in Soldotna can be reached at 907 262 3402.
The ground temperature. In the majority of the US the ground temp is in the 60’s. Alaska’s ground temp is in the 40’s four feet below an average lawn. Why is this important? Most types of bacteria can’t survive at this cool of a temperature, so… solids in the holding tank don’t breakdown as fast or at all. Additionally, many companies advertise septic additives to boost the bacteria level in your tanks. What they don’t tell you is that if the temps are below 55 degrees most of their bugs die.
If you recently bought or are buying a home with a septic you need to know the basics of maintaining it. To learn more about what not to put down the drain review “How to destroy your septic”. The most important rules to maintain your septic system are below.
Rule # 1: If you did not personally make it, don’t put it in the septic. The system is designed for human waste only. No food, feminine hygiene products or oils.
Rule # 2: Have your tank pumped at least every year and a half. If you have the money, doing it annually is cheap insurance. Remember Alaska’s ground temp is cool and slows decay. It is not uncommon to have a significant buildup of solids after a year, particularly for a large household.
Rule # 3: For all you tourists and snow birds. Never dump your RV waste tank into the septic holding tank. A septic holding tank is design to accommodate a bath tub of water at a time. A standard RV waste tank will easily flood the holding tank, forcing solids through and into the drainage field, instantly plugging it up. Very bad, very expensive. Alaska DEC requires that most failed systems have the drainage field COMPLETELY replaced. That can run from $6,000 for a deep trench to $20,000+ for an engineered mound.
The State of Alaska DEC has a fairly good site on Alaska septic systems including a list of certified installers.
Registration is open for the 2013 Tri The Kenai Triathlon, June 9 at SkyviewHigh School. The adult event includes a 500-yard pool swim, a 10-mile road bike and a 5-kilometer trail run, while the youth event (ages 6 to 14) includes a 100-yard swim, 4-k trail bike and 3-k run. Registration closes at midnight June 1. Competitors wishing to be considered for seeding must be registered by May 15. This year’s event will include a charity focus on the Kenai Peninsula Food Bank. Volunteers are needed. For more information or to register, visit www.trithekenai.com or email registration@trithekenai.com.
2013 Kenai Peninsula Sport, Rec and Trade Show May 3, 4, 5, 2013
at the Soldotna Sports Center. This event is the Peninsula’s only Sport Rec show, with
an average of 5,000 attendees yearly.
This year there is new and exciting events and vendors that you don’t want to miss!
2013 Show Dates & Times
Friday, May 3rd ~ 3:00 pm to 7:00 pm
Saturday, May 4th ~ 9:00 am to 7:00 pm
Sunday, May 5th ~ 11:00 am to 5:00 pm
Saturday May 4th from 10am-5PM
SoldotnaHigh School
A Local Shopping Expo and Spring Fair. This event is a fundraiser for the SoHi Girls Basketball Team! 40+ Vendors including food. Home based business, crafts, local businesses and more. Come have lunch and shop till you drop. Mothers Day is just around the corner. Bring the kids. Jumpin’ Junction has generously donated their Bouncy House ($2.00 admission) and there will be crafts to entertain the little ones.
May 4th
A myriad of workshops are scheduled every Saturday for the entire month, with topics such as: compost, garden planning, high tunnels, beneficial insects, clematis flowering vine, greenhouse management, garden ergonomics, recycled glass totems, hanging flower baskets, bee keeping for gardeners, seed saving, growing food in limited spaces, photographing flowers/plants, biodiversity, organic methods, yard development/maintenance, chicks to chickens, and more.
Advance registration is required for most of the workshops as group sizes vary and they take place in several different locations. The full schedule can be seen on the club’s web site,
www.cenpengardenclub.org or by contacting Marion Nelson for an e-mail version, 283-4632. Registration will also be available at the club’s Home Show booth on Saturday, May 26 and Sunday May 27, at the Sports Arena.
283-4632
May 4, 2013
SkyviewHigh School
Come anytime between 10-12noon and 12noon-2pm with your children ages 4-14 to rotate through dry-land and in pool water safety stations. Upon completing the stations you will be able to purchase a proper fitting child’s Mustang personal flotation device. Parents/Caregivers must attend with children (but do not have to get in the water) Bring swimsuits and towels for children.
714-4539
Curtain Call Consignment Boutique, 1212 First Ave. in Kenai, presents a 4th Anniversary Fashion Show from 2-4 p.m. May 5, with live music, refreshments and entertainment. Tickets are $10 and available at Curtain Call. For more information, call CNS Events, 252-7929 or 394-4559
The Kenai Peninsula Orchestra presents an “Evening of Elegance,” a night of fine food and classical music in celebration of KPO’s 30th anniversary on May 25th at 7:00 p.m. in the AlaskaChristianCollegeConferenceCenter. Music provided by The Areté Trio, featuring Emily Grossman, violin; Kate McVey, viola, and Kevin Charlestream, cello. The cost for this event is $75. Tickets can be purchased at River City Books and Dr. Thompson’s office in Soldotna and the Homer Book Store in Homer. Basket auctions and outcry auctions will take place throughout the evening. Seating is limited. For more information please contact Mi’shell at 398-7843 in Soldotna or Linda at 235-8650 in Homer
Glenda Feeken, Jared Potter with RE/MAX of the Peninsula
10767 Kenai Spur Hwy Ste A, Kenai, AK 99611
Office: 907.283.5888 • Cell: 907.252.2743
Site: www.kenaihomes.com