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Updated about 10 years ago,
When tragedy strikes …you’d better have good tenants
Call it luck or call it like it is, I chose some darn good tenants. Back story: I’m new to RE investing, single mom doing this by myself and only purchased my first rental home a few short months ago. It took me almost a month to pick the ones I really wanted in there. So far so good.
Until my son woke up with a tumor on his chin. Rushed him to the ER, we got transferred immediately to All Children’s and 2 days later surgery. In those 2 days, the tumor ate his jaw almost completely away. He now has cadaver putty holding his jaw together. We were in the hospital over a week.
Of course this is when something breaks at the rental house.
Long story short, my tenants fixed it themselves, took care of a few other things and put him on their prayer list…very nice.
Lesson learned through all this is I DO need a backup PM for when things like this happens as I cannot be in 2 places at once and my son will always take priority.