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Posted over 15 years ago

Update on Druggie!

First - an update on my incident with the druggie that I talked about in my blog on Monday. The druggie moved out and was completely out by Monday night at 10 pm. My threats of calling the police; calling the drug task force; and eviction were apparently successful. The good news is that they cleaned the place up and it is ready to re-rent.

The mother of the druggie called me on Tuesday and wanted the security deposit back. I told her to forget it! She still didn't seem to understand what her daughter had done wrong. It's hard to imagine that a mother could be so clueless. I explained to the mother that her daughter had broken her lease with the illegal drug activity in the apartment. Furthermore, the daughter moved out on February 2nd, which means that she owed February rent. The security deposit is being used to cover those damages.

Today is the 5th and almost all of the rents have been collected. I always have a few late payers that pay the $50 late fee, and I'll still be collecting them over the next couple of days. I'm not expecting any evictions this month, as I've talked to the few people that haven't paid yet and all are planning to pay during the 3 Day Notice period. If anyone doesn't pay, I'll evict them.

Today, my main project was to move tools and supplies out of the one-bedroom apartment that I've been using for storage. I'm moving them to the storeroom at the pink elephant which will be my central storage area and is protected by an elaborate alarm system and security cameras. Part of that job was to build some shelves and try to really get things organized. So, I built some shelves today and spent some time arranging things on those shelves according to their purpose (plumbing on one set of shelves, electrical on another, etc). I will be doing the same thing again tomorrow.

Michael Rossi is the author of 1 Minute to Rental Property Riches, which is the only book that tells the truth, the whole truth, and nothing but the truth about the rental property business. You won't find any guru motivational nonsense; unrealistic hype; or promises of instant riches without work in this book. What you will find is the critical information that you need to start, build, and operate a successful rental property business. And if you're wondering about the title of the book, 1 Minute to Rental Property Riches, it's a sarcasm of the silly guru infomercials that promise untold riches without work - which we all know is RIDICULOUS!

If you'd like to read more about the book, check it out at www.1MinuteToRentalPropertyRiches.com. When you're ready to buy, you'll get the best price and fastest delivery from the bookstore right here on BiggerPockets!


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