Rents Part Trois...
Tuesday, July 23
Let's see...where was I?10 units, 8 tenants... First of the month, zero rents...As of the 22nd - 5 rents paid in full, one partial with the missing amount being from Section 8 while the property converts to my name. Just got the warranty deed yesterday so can start the application process. Pri...
Rent Update
Friday, July 12
I was so exhausted just trying to collect the darn rents, I just took a vacation. Ok, seriously, the trip was long since planned but still, I was very happy to receive the final tenant's rent the morning I was leaving. Now my husband doesn't have to do any court filings while I'm gone.I still h...
Rents I say, Where are the RENTS
Monday, July 08
Good thing I wasn't counting on timely rents to make my first mortgage payment. On July 1st, I went trotting happily to the post office to pick up my shiny new rent checks. Having served a "quit notice" to my one deadbeat last month, I naively figured word had gotten out and folks would know I ...
Costs/Revenue for June
Monday, July 01
This is a somewhat difficult post to write as I know full well the revenue is in hand and all the bills haven't arrived yet. We use cash based vs accrual accounting so this is how it goes on the books. Nonetheless - as promised, here are the actual dollars for June. These are the operating cost...
Off Topic - my un-day in court
Thursday, June 27
I had the inestimable pleasure yesterday of being a witness for the prosecution at a sentencing hearing. This issue has consumed time that would have been more profitable working on the duplexes but hey, a subpoena is a subpoena, right? I did take advantage of the location and file an eviction no...
Wild Weekend
Monday, June 24
We had our first open house for the garage apartment this weekend and after some discussion and soul-searching decided to go ahead and charge an application fee. This forum post covers much of the discussion and the thought process around switching to charging from not charging.http://www.bigge...