The Perfect Property Podcast: An Atlanta Real Estate Guide - Flood Zones - What to Know with the Flood Insurance Guru!

Flood Zones - What to Know with the Flood Insurance Guru!

01/21/22 • 26 min

The Perfect Property Podcast: An Atlanta Real Estate Guide

The Perfect Property – Chris Greene, The Flood Insurance Guru

Summary:

If you’ve ever wondered whether you should have flood insurance, the answer is yes! This episode of The Perfect Property features Chris Greene, The Flood Insurance Guru, who covers all things flood-related. Whether the source is a pipe burst inside or an epic rain event, there are baseline factors that every homeowner (or prospective homeowner) will want to weigh.

The good news is that being in a flood zone isn’t a non-starter. The Flood Insurance Guru is all about providing education and resources to equip homeowners with the tools they need to mitigate risk and minimize impacts for which insurance coverage is minimal or non-existent. There are realities that investors need to factor into their business plan and realtors will need to incorporate in the sales process, whether on the buyer or seller side.

You can locate flood zone information for your home address by clicking here. Additional maps and other Flood Insurance Guru resources are available here.

What You’ll Learn:

· Exactly what IS a flood zone? Short answer? Everything! (0:45)

o A and AE (also known as 100-year) flood zones are high risk and most common in Atlanta.

o B flood zones (generally coastal Georgia) are considered moderate risk.

· The type of flood zone designation in which a property lies impacts its value. (6:50)

· Why flood/elevation certificates are optional – but important (7:52)

· About what to do (and how to potentially save some money) if updated mapping suddenly redefines a property you already own as falling within a flood zone.(12:17)

· What’s not covered by most insurance: Mold mitigation and anything stored in a basement. (15:35)

· Should you buy property in a flood zone? Yes! (16:05)

· If you’re considering a house located within a flood zone, it’s all about education, disclosure and mitigation. Ask for flood loss documentation from current owners. (16:40)

· Who needs flood insurance? Everyone! Why? (20:42)

· There is no centralized repository to search a property’s flood claim history, but if you’re the owner it’s possible to request a list from the Federal Emergency Management Administration (FEMA). (22:58)

Key Quotes:

“AE is your highest risk flood zone when it comes to non-coastal areas ... one in every 100 chances within a given year a property could possibly flood.” (1:45)

“We teach people what their flood risk is, how to understand it, what the flood options are and, if a flood does occur, we walk people through how to get disaster assistance.” (13:12)

“The key with flood is that it has to inundate the property. It has to come from outside the property and generally can’t come from ground water. It has to be surface water.” (20:20)

Contacts & Further Resources:

Website: The Perfect Property

Website: The Flood Insurance Guru

Chris @LinkedIn

The Flood Insurance Guru YouTube Channel.

https://linktr.ee/julistgeorge

The Perfect Property – Chris Greene, The Flood Insurance Guru

Summary:

You can locate flood zone information for your home address by clicking here. Additional maps and other Flood Insurance Guru resources are available here.

What You’ll Learn:

· Exactly what IS a flood zone? Short answer? Everything! (0:45)

o A and AE (also known as 100-year) flood zones are high risk and most common in Atlanta.

o B flood zones (generally coastal Georgia) are considered moderate risk.

· The type of flood zone designation in which a property lies impacts its value. (6:50)

· Why flood/elevation certificates are optional – but important (7:52)

· About what to do (and how to potentially save some money) if updated mapping suddenly redefines a property you already own as falling within a flood zone.(12:17)

· What’s not covered by most insurance: Mold mitigation and anything stored in a basement. (15:35)

· Should you buy property in a flood zone? Yes! (16:05)

· If you’re considering a house located within a flood zone, it’s all about education, disclosure and mitigation. Ask for flood loss documentation from current owners. (16:40)

· Who needs flood insurance? Everyone! Why? (20:42)

Key Quotes:

“AE is your highest risk flood zone when it comes to non-coastal areas ... one in every 100 chances within a given year a property could possibly flood.” (1:45)

“We teach people what their flood risk is, how to understand it, what the flood options are and, if a flood does occur, we walk people through how to get disaster assistance.” (13:12)

“The key with flood is that it has to inundate the property. It has to come from outside the property and generally can’t come from ground water. It has to be surface water.” (20:20)

Contacts & Further Resources:

Website: The Perfect Property

Website: The Flood Insurance Guru

Chris @LinkedIn

The Flood Insurance Guru YouTube Channel.

https://linktr.ee/julistgeorge

Previous Episode

The Tiny Series: Tiny Doors ATL with Artist Karen Anderson Singer!

The Perfect Property with Juli St. George

Guest: Karen Anderson Singer, Tiny Doors ATL

Summary:

In this episode of The Perfect Property, Juli draws the curtain back on Tiny Doors ATL – a popular art installation that finds big ideas in very small places. Karen Anderson Singer’s colorful, unique Tiny Doors have popped up all over the city in recent years, to the delight of everyone who comes upon them. This podcast covers not only where the artist found her inspiration but how her vision has inspired a sense of community, whether situated outside a major corporation, adjacent to a community organization or tucked into the trunk of a tree.

Shaped by a life-long love of both miniatures and street art, Karen (an Atlanta transplant originally from Ann Arbor, Michigan) married the two passions in a whimsical format that has drawn national and international attention. Juli explores with her guest the various ways in which Tiny Doors spur imagination, prompting all kinds of curiosity and questioning, always in the context of respect for whatever the locale. These little gems, sprinkled throughout the city, have prompted a movement. Learn how you can tour Karen’s colorful installations and perhaps join the growing Tiny Door community by leaving an interactive treasure of your own!

What You’ll Learn:

· Karen explains the artistic impulse and vision behind her doors – the purpose they serve and the imaginative thinking she hopes to spark.

· Tiny Doors require a certain amount of maintenance, but they are also an exercise in letting go for the artist – who understands that they need to evolve organically.

· The “Tiny Key” bestowed upon Karen for her represents a city that embraces imagination and believes that it’s possible to create something big out of something tiny.

· Lesson plans, treasure hunts, an augmented reality app – (links below).

· The secret behind Door #5. How it nearly broke Karen’s heart and how a new, epic tree-based door in Grant Park proved a healing – fun – journey.

Key Points:

“When I’m creating a door I’m thinking about the community in front of it ... I’m trying to come up with the best blank canvas for your imagination.” (5:01)

“(Tiny Doors) really is about the love that I have and that the people of Atlanta have for Atlanta. They really are about embracing the community. It’s not necessarily about what you’d find behind the doors. It’s about who you meet in front of the doors.” (11:39)

“The real story of these Tiny Doors is going to be how they move and grow. I don’t see there being 100 but maybe 100 versions of the first few ...” (30:19)

Contacts & Further Resources:

· More information about the Tiny Doors ATL can be found here.

· Download a free Tiny Doors ATL lesson plan for kids here.

· Click here to take a Tiny Doors map and augmented reality tour.

· Support Tiny Doors by shopping their online store.

· Reach out via email: [email protected]

· Click here to make a donation and keep Karen’s Tiny Doors coming!

https://linktr.ee/julistgeorge

Next Episode

Investor Series- With Boss Ladies Investing!

The Perfect Property Podcast
Host: Juli St. George of Keller Williams Realty’s Perfect Property Team
Guests: Emily Collins & Nancy Nguyen, Real Estate Investing Entrepreneurs
Summary:
Barely into their 30s, our guests on this episode of The Perfect Property are a dynamic duo of real estate investors already on the brink of retirement. How have they done it? Through savvy, brave purchases – and relentless hard work! Nancy Nguyen & Emily Collins share with Host Juli St George an inside look at how they’ve built impressive real estate portfolios filled with a variety of investment properties. Starting from scratch, these two young female entrepreneurs leveraged mortgages, identified hidden market opportunities and teamed up to grow their business by leaps and bounds. What it takes is homework, a strong credit score and a willingness to actually take the plunge. Take a peek into how Emily and Nancy are balancing it all – the due diligence, purchases, management and inevitable trouble-shooting – while also pursuing
personal passions from travel to opening a popular Atlanta area restaurant. You’ll learn about the tried-and-true tips, actionable strategy and vision they have evolved through their
partnership. Best of all? They’re totally open to mentoring others – especially women
If you enjoyed this episode, please visit this link to subscribe & listen to much more from Juli St. George & the Perfect Property archives.
What You’ll Learn:
 Principle Investment: Why both Nancy and Emily are comfortable with 80% of their
portfolios dedicated to real estate.
 Meant to Be: How Nancy was inspired and mentored by Emily, who helped her find
profitable footing in the real estate space.
 Identifying Opportunities:
o Distinguish between established versus up-and-coming areas.
o Understand the difference between cash flow versus equity.
term versus short-term returns.
 Knowing When to Pivot: Why it’s critical for property owners not to become emotionally attached, which can leave us vulnerable to poor decision-making.
 Three Key Ingredients for Sound Investing:
o Numbers
o Potential
o Equity
 Pros and Cons of Working as a Team:
o Pro: Keeping one another accountable to unsentimental analysis.
o Con: It all depends on finding a great partner, as Emily and Nancy have found, melding flexibility, dynamism and pooled knowledge.
o A good credit score is key.
o Buying a primary residence makes a perfect point of entry.
o Leverage mortgages expands access.
o Develop a sharp network of agents who are keeping an eye out!
o Stay local to maximize control of and visibility on properties.
o Learn the management process now - become more hands-off later.
Notable Quotes:
“I don’t think I picked real estate. I think real estate picked me.”
“Real estate is a living, breathing thing and it changes every single day ... and you have to keep your finger on the pulse of what’s going on.”
“You have to learn when you start investing in real estate to switch the way you think –from emotional to what’s logical.” “We’re both highly motivated and know what we want, so when an opportunity comes along it’s very easy for us to pull the trigger.”
“The beauty of real estate is leveraging and using equity to collect more properties.”
“You can’t start in real estate if you have really terrible credit. It’s a much longer journey.”
“No one is going to know more about a specific area and property than someone who works the area, sifts through properties, sees what’s going up and sees what they’re selling for on a day to day.”
Relevant Links/Further Resources:
Check out Nancy’s unique, highly successful mimosa bar, Pur Zen.
Contact Emily & Nancy:
Email @ Boss Ladies Investing.
Follow Host Juli St. George: