15 02 feb kreia newsletter

Vol 15‐02 Feb 2015 Monthly Newsletter for KREIA Members

President’s Letter page 1

Committee Chairpersons page 1

Welcome New Members! page 6 Metro Louisiville’s Code & Regulations page 3

Calendar of Events Page 6

Member Benefits!

Page 7

L.O.T.S. Program Page 7

Special Letter from Gordon Brown KREIA has TRIPLED Donations to Home of the Innocents! page 9

President’s message: A Big thanks to Mike Grinnan for last month’s meeting.

He provided us with lots of useful information for our tax strategies for the upcoming year.

This month’s featured speaker is an Investor Update on Metro Louisville’s New IPL, Inspections, Permits, and Licenses along Dennis Erhard with Question and Answer session immediately following the update presentation. Robert Kirchdorfer is the director of this newly revised structure in our city government.

A special thanks to all the people helping lead the New Committees.

Mike Grinnan is leading the Treasurer Committee Program Committee is Frank Miller Membership/ Member Benefits and National REIA Committee is Tamara West, Government Affairs Committee is Rue McFarland, Website Committee is Mike Butler Sponsor/ Advertisers Committee is Demetrius / Dennis Erhard Events Committee is Wally Kallbriar Please give them your support and for specific questions about any of the committees Please see the committee leaders.

Presidents Lunch and Learn turned up 16 eager investors.

Lots Program was an eye opener, and we appreciate Marty sharing his experience with your fellow members. This is how everyone learns and wins.

Your President Dennis Erhard Quote of the Month: “I have not failed. I’ve just found 10,000 ways that won’t work” Thomas Edison

Copyright MMXV Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509‐2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre‐qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

KREIA Newsletter

President Dennis Erhard

Vice President Frank Miller

Secretary Treasurer Treasurer Elect Davie Coffey Mike Grinnan CPA Wally Kallbreir

Board of Directors

Mike Butler

Tamara West

George Foree

Duffy Ford

Eric George

Dan Jones

Erik Jamie Greenwell Hitzelberger

Fred Helm

Rue McFarland

Fred Butler

Demetrius Dowdle

published monthly and serves both as a newsletter and a reminder notice of your upcoming monthly meeting.

KREIA is a member only association focused on education, networking, and resources for today’s investor and to educate real estate investors from the basics to the complex. We are an excellent choice for all levels of investors. Whether you are just starting out in real estate investing, or are working on your hundredth deal, KREIA can help you learn more, earn more, and have more fun doing it.

To Subscribe to the KREIA Newsletter is simple and easy. Go to KREIA.com and join the Kentuckiana Real Estate Investors Association.

Group Discounts are available.

To Advertise in the KREIA Newsletter To Advertise on KREIA.com To Sponsor A Monthly Meeting To Sponsor A LOTS Program Please contact News@KREIA.com

KREIA Sponsorships Half Page Business Membership Ad + Table + Pre‐Meeting Speaker Only $499

Business Card Membership: Ad Only $199

Event Sponsor: Meeting, LOTS, Parliamentarian Hank Schildknecht

Past President Connie Horsey

Your KREIA Leaders are involved and chair several committees to make KREIA happen every month for you and your fellow KREIA Members.

Get involved with KREIA. You can help with the monthly meetings, L.O.T.S. Program, this newsletter, Saturday Workshops, Government Affairs, Social, Annual Picnic, Marketing, the new KREIA website and more PLUS You Get EXTRA KREIA Points for everything you do!

Get phone and emails of all KREIA members with the new KREIA Online Member Directory.

Saturday Seminars, and more! ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐

Place Your Ad Now at KREIA.com ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ”KREIA Advertising is by far, hands down, the absolute best advertising dollar ever spent for Borders & Borders!”

Harry Borders, B&B Attorneys

Reach out and tell them they are doing a great job! (It makes them do more for KREIA!) Copyright MMXV Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509‐2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre‐qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

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February Main Speaker - Metro

Louisville’s NEW Inspections, Permits, and Licenses

The City of Louisville is committed to promoting safe, clean housing and neighborhoods. Tenants, Landlords and homeowners have certain obligations that help to make our neighborhoods good places to live. This guide lists some of your duties. Check it out! For your own personal safety, it's important to know the law and how it affects your rights and those of your neighbors.

Bathroom Kitchen Water Heat Light & Ventilation Electricity Fire Safety Yard & Premises Over Crowding Maintenance & Repairs Cleanliness Foundation/Floors Illegally Parked/Stored Vehicles Stairs/Protective Railing BATHROOM RESIDENTIAL PROPERTY OWNERS must provide the following: • Bathroom privacy (must have a door and walls); • A flush toilet; • A bathroom tub or shower; • Adequate bathroom light and ventilation.

• Flooring shall be composed of water resistant materials and be impervious to water damage.

TENANTS are responsible for the care and cleanliness of the bathroom and its equipment.

WATER PROPERTY OWNERS are responsible for the following: • Hot and cold running water; • Plumbing equipment connected to City water and

approved sewer systems; • Water heater properly installed, vented and in a safe location.

LIGHT & VENTILATION PROPERTY OWNERS are required to provide: • Adequate ventilation in every habitable room; • One or more windows which can be easily opened directly to the outdoors in every habitable room; • Ceiling light fixtures in every bathroom, basement, public hallway or other area where artificial light is necessary for the safety and welfare of the occupants.

PROPERTY OWNERS and TENANTS are required to see that window glass is not broken out or boarded. Broken windows and missing inoperable light bulbs are violations of the Existing Structures Code.

FIRE SAFETY PROPERTY OWNERS are required to provide the following: • Working smoke detectors; • Safe exits leading directly to open space at ground level.

Exit ways must not pass from one dwelling unit through another.

TENANTS are responsible for the following: • Keeping all hallways, stairways, fire escapes and exits clear of storage, junk, rubbish and garbage at all times; • Checking smoke detectors periodically to ensure batteries are installed and the device is operating properly.

Copyright MMXV Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509‐2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre‐qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

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OVERCROWDING The Existing Structures Code prohibits the overcrowding of people into apartments or houses by tenants, landlords and homeowners, by requiring that: • A minimum share of habitable floor space for each occupant living in a dwelling unit be provided. For example, 150 square feet is required for the first occupant and 100 additional square feet is required for each additional occupant.

CLEANLINESS • PROPERTY OWNERS are required to keep shared or public areas clean.

• PROPERTY OWNERS and TENANTS are required to keep their individual premises clean and free from the infestation of insects, rodents and other pests.

ILLEGALLY PARKED/STORED VEHICLES PROPERTY OWNERS and TENANTS must make sure that the following conditions are met; • Vehicles are permitted to park in the required front or side yard only on a hard surface or approved semi-pervious driveway that does not exceed 20 ft. in width and that leads to a garage, carport, house or rear yard.

• Vehicles must be parked on hard/durable surfaces such as blacktop or concrete and not on dirt or grass • No vehicle may be parked on a vacant lot • No inoperable or unlicensed motor vehicles shall be parked, kept or stored on any premise. (vehicles may be stored in garage or carport with three sides) • No vehicle shall at anytime be in a state of major disassembly, disrepair, or in the process of being stripped or dismantled.

• Painting of vehicles is prohibited unless conducted inside an approved spray booth.

• The parking of heavy trucks in residential areas is strictly prohibited. Heavy trucks are trucks, including truck trailers and similar vehicles with two or more rear axles.

• The owner of the vehicle and the owner of the property are responsible for preventing and correcting this violation.

KITCHEN PROPERTY OWNERS must provide the following: • A kitchen sink with hot and cold water.

• A stove (or space and connections for installation); • A refrigerator (or space and connections for installation) capable of the safe storage of food at temperatures less than 50 degrees (F), but more that 32 degrees (F) under maximum summer conditions;

• Cabinets and/or shelves for the storage of dishes, utensils and food.

• Flooring shall be composed of water resistant materials and be impervious to water damage.

TENANTS are responsible for the care and cleanliness of the kitchen including the stove, refrigerator and all other appliances.

HEAT PROPERTY OWNERS are responsible for providing and maintaining sufficient and safe heating facilities.

In addition, the Existing Structures Code requires: • From October 1 to May 1 must maintain a temperature of not less than 65 degrees (F) in habitable rooms, bathrooms and toilet rooms.

• A minimum room temperature of 60 degrees (F) shall be maintained at all times when the outside temperature falls below 0 degrees (F).

• The room temperature measurement shall be measured 3 ft. above the floor near the center of the room and 2 ft. inward from the center of each exterior wall.

TENANTS are responsible for maintaining all heating equipment in a safe and clean condition, and keeping the area free of flammable materials.

ELECTRICITY RESIDENTIAL PROPERTY OWNERS are required to provide: • Approved electrical systems capable of supplying safe and adequate electrical service to the property; • Dwelling units shall be served by a three-wired, 120/240 volt, single phase electrical service having a rating of not less than 60 amperes.

• Every laundry area shall contain at least one grounded type receptacle or a receptacle with a ground fault circuit interrupter • Every bathroom shall contain at least one receptacle. Any new or replaced bathroom receptacle outlet shall have ground fault circuit interrupter protection.

• All habitable space shall contain at least two separate and remote receptacle outlets • A service panel with proper over-current devices (fuses or circuit breakers) • Wiring that is insulated properly and in safe condition.

Check your home for the following common electrical violations: • Makeshift or temporary wiring; • Electric cords under rugs or other floor coverings; • Frayed or bare wires; • Cords placed through walls or doorways; • Hanging cords or wires; • Excess or faulty fuses (pennies or other metal materials used under fuses are illegal and extremely dangerous.)

Copyright MMXV Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509‐2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre‐qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

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• TENANTS should be extremely careful when using the electrical system. Frequent blown fuses, burnt circuit breakers, sparks from outlets and/or fixtures, and wire that is hot to the touch indicate electrical problems and need to be immediately repaired.

chimneys; • No unprotected stove or vent pipes running through combustible walls or ceilings. Exterior/Interior Walls • No exterior or interior walls, partitions or other vertical supports broken, split, leaning or buckling; • All exterior siding weather tight with no holes, excessive YARDS/PREMISES cracks or rotted boards; PROPERTY OWNERS properties are required to keep shared • All exterior walls painted or provided with other protective or public areas of a yard clean and free from safety, health and covering. fire hazards • Foundations/Floors PROPERTY OWNERS and TENANTS of single family • No deteriorated, cracked or structurally inadequate dwellings are required to keep their yard clean and free from foundation walls; safety, health, or fire hazards. All premises shall be • No rotted, termite damaged, broken or sagging sills or maintained free from weeds or plant growth in excess of 10 joists; inches. Grass should be kept cut and bushes trimmed. Trees • Floor must be reasonably level, smooth, weather tight and should be trimmed and kept away from houses and power free of holes, loose boards, excessive cracks or rotted or lines, and all dead wood should be removed. worn-through sections.

MAINTENANCE & REPAIRS RESIDENTIAL PROPERTY OWNERS are required to maintain each house or apartment they live in or offer for rent in a safe, weather tight, watertight and rodent controlled condition. In addition, the Existing Structures Code requires the following: • Roof/Chimney • No rafters rotten, broken, sagging • No rotted, loose or sagging porches or decking; • No roof covering with holes, leaks or deterioration; • No excessive leaning, bulging or settling of fireplaces or

STAIRS/PROTECTIVE RAILINGS • Stairs structurally safe with no excessive wear, warping, holes or cracks; • Handrails structurally safe and firmly fastened.

TENANTS are responsible for seeing that all interior and exterior conditions are kept safe and clean. Exit ways and stairs should be kept free from obstructions such as trash, toys, boxes, etc. Damage caused either intentionally or through neglect on the part of the tenant may be the tenant's responsibility.

Real Estate Closing

Donated by Harry Borders

Copyright MMXV Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509‐2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre‐qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

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Welcome New KREIA Members!

Tony Hall

Rachel Richards

Kurt Gutting

David Neal

Julia King

Darren Collins

Jeff Gladin

Brenda Doll

Stephanie Gomez

No Member Spotlights were submitted Please submit yourself or a fellow member

http://kreia.com/submit-member-spotlight

Copyright MMXV Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509‐2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre‐qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

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February Early Meeting 5:30pm Member Benefits – Tamara West Pre-Pay Now online to guarantee your name gets put in the drawing for the big door prize for those who Pre-Pay for the monthly meeting.

Tamara will start at 5:30pm sharp and will give you all of the details and how to take advantage of your KREIA Member Benefits.

Everything from A to Z, from 2% rebates from Home Depot to Sherwin Williams, Office Depot and Office Max for your office supplies and much more!

Bring your notebook and a couple of good ink pens as you will be jotting down a lot of notes on this presentation.

KREIA needs your help please. It would be great if you or someone you know could video record Tamara’s presentation so we can put it on the website for all members to view and have access. Please call Fred Butler at 502-435-4849 or Tamara at 502-819-2211 Tamara West is driving your Membership Committee and currently serves on your KREIA Board. ==============

LOTS Program ==============

Host Alex Parker

Copyright MMXV Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509‐2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre‐qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

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Copyright MMXIII Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509‐2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre‐qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

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From: Gordon Brown Home of the Innocents To: Rue McFarland KREIA Rue, Alan Johnson’s father remembered the Home of the Innocents in his will with a gift of just over $288,000 made in Alan’s memory. Very touching information I wanted to share with you and Carolyn. Gordon Alan’s Obituary from June 2012 JOHNSON, ALAN H., died suddenly at his home on June 5, 2012.

Alan, a lifelong resident of Louisville, attended Ballard High School and Western Kentucky University. He found his life's calling as a real estate broker at Sonshine Realty, where he worked tirelessly to assist his clients. He was an active member of the real estate association KREIA, which honored him with the prestigious Ed Melton Award in 2008. Alan's other great passion was computers and technology, and he was an active member of the computer organization, KIPKUG. He was a past member of the Junior Chamber of Commerce, where he frequently volunteered in fund raising activities to assist youth in foster care. In his leisure time, Alan was an avid football fan, particularly of the University of Louisville and the University of Wisconsin. Alan and his father spent many happy hours together watching football on television and attending football games, including a couple of trips to the Rose Bowl. Alan was preceded in death by his mother, Anne.

He is survived by his father, Norman and his aunt, Laura Burgiss, both of Louisville; and by his aunt, Charlotte Lee of Fredericksburg, MD. He will be greatly missed by his family, as well as by the numerous friends he made through the years through his work and volunteer activities.

Funeral services will be held on Monday, June 11, 2012 at 2 p.m. at St. Thomas Episcopal Church, 9616 Westport Road in Louisville. Pearson's entrusted with arrangements.

Julia King KingFinancialRepair.com Call 502‐689‐1001 kingfinancialrepair@gmail.com

Rick Wardlow, Joe Gribbins, Allee Harmon, Bill Dollinger, Frank Miller Call 502‐489‐5515

http://wardlowauc.com Copyright MMXV Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509‐2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre‐qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

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Copyright MMXIV Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509‐2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre‐qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

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Copyright MMXIV Kentuckiana Real Estate Investors Association • P.O. Box 91225 • Louisville, KY• 40291 (502) 509‐2216 www.KREIA.com DISCLAIMER: KREIA does NOT pre‐qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. The Kentuckiana Real Estate Investors Association recommends you perform your own due diligence & seek appropriate legal, accounting, or other professional advice before making any investment. KREIA is a Member of National Real Estate Investors Association.

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PO Box 91225 Louisville, KY 40291 Return Service Requested

.com

KREIA’s Monthly Meeting! Thursday

Feb 26th

5:30 EARLY MEETING - MEMBER BENEFITS – TAMARA WEST

AIN EETING ETRO OUISVILLE

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INSPECTIONS, PERMITS, & LICENSE – ROBERT KIRCHDORFER WITH Q&A SESSION FOLLOWING UPDATE PRESENTATION