For example, they have sent us addendums to the contract along with a cover sheet that described the addendum as “acknowledgement of receipt of a policy change”.

They cover the closing costs--other than getting out of the properties, why would someone do that?

Its a great question, and I’ll try to cover a few important points.

I guess the tennants assume that their security deposit covers the September rent that they've never paid??

Google terms that "are in parentheses" if you don't understand them.Today's lesson in Finance 333 covers the concept of "Spread"."

This used to cover the mortgage on the whole complex, but this was paid off last month.

It's (slightly) cheaper, and covers vandalism.

The had wet towels covering the bathroom floors * Mold in the bathroom because of the leak * Sewage water that came up into the house and left behind wet carpet * Many things that were supposively done where not done right.

It's a lot of money, but that will help you cover vacancies when you have them, and you will have them, as well as any other unforseen boogiemen.If you'd like the spreadsheets, just drop me an email at: jeff <dot> takle <at> jtnoel <dot> com

The had put visquane on the floor and covered it with 2-3" of dirt so the chickens could "peck" around in it.