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Updated almost 7 years ago on . Most recent reply

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Jake Thompson
  • Rental Property Investor
  • Albany, OR
136
Votes |
312
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Don't Procrastinate! Learn from my mistake!

Jake Thompson
  • Rental Property Investor
  • Albany, OR
Posted

I've always been bad about procrastinating. In school I would always wait all weekend to do my homework and finally late Sunday night I would get around to (maybe) doing it.

Currently, I just moved from one unit of my duplex to the other and need to get the old unit rented out. No big deal right? Except that I have been putting off doing a bunch of work I needed to do before we rent it out, and we're going on vacation in about a week. So not only do I need to get the unit rented in less than a week, I also need to finish moving into the other unit and finish the last few things on the rental. Also my wife and I are taking turns between watching our 6 month old and doing work, which has slowed us down quite a bit. We do have a few contractors helping us out with some of the tasks, so that's good.

One thing I will mention is we weren't supposed to be moving for another month, after vacation, but due to various issues with the tenants things changed.

The moral of the story is don't procrastinate or it will come back to bite you. I have to go now. Time for my wife and I to switch!

Most Popular Reply

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James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
19,294
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28,282
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James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied
Originally posted by @Chris Szepessy:

My father lives in one of my units and it could use some updating that could easily be done while he's in there.  That way, when he passes away, the place could easily be rented with minimal vacancy.  I keep saying, "I'm gonna get to doing it."  I've been saying that for about a year now and my father isn't getting any younger/healthier.  I'm not exactly procrastinating...I just have a lot of other things going on that are more important.  I know I'm going to regret it if it doesn't get done.  Good luck in your situation!

 Lot easier to just update it when it's empty. It's not about trying to piece small stuff together while someone is in there. It's about getting it knocked out as soon as possible when they are out. Instead of an owner puttsing on it for a month or two the move is to just hire a crew to get in & knock it out in short & efficient order. Folks always get caught up in the cost of hiring a crew & forget how much money they loose in lost time, opportunity cost & missed rent.

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