This is my current rental property dilemma. A tenant unexpectedly left as of July 1. The unit is now sitting empty because, of course, my vacation was also in July. I was hoping to get in at least a years worth of rent before I had to contemplate this question; Forgo any rents for a … Continue reading FrankenApartment
Just when I thought everything was rolling in a positive direction, I get hit with this text from my tenant; Just so you know we will be leaving our unit by the end of the month. An opportunity came through to rent the house next door. We understand that this means we lose our security … Continue reading It’s Not You, It’s Me; A Tenant Leaves
After pussy-footing (I do not think that is derogatory at all, an actual reference to cat's light footfalls, right?) around for years now (since 2012), I have finally bought a rental unit building. I dropped $30,000 at closing and now, she's all mine, warts and all. Built in 1800 something, the building was originally a … Continue reading A Brand New Bouncing Baby Building!
Looks like our long 'no rental properties' drought might finally be over. I am superstitious enough to not act like this is in the bag yet, but. Our offer was accepted and we are under contract. I figured I would lay this process out in a number of posts. I do not want to show … Continue reading Running the Numbers on a Rental Property
I have written before about wanting to add rental properties to my portfolio in order to diversify and provide for a new passive income stream. I feel it is inevitable given how close I have come in the past and how much disposable income and accessible credit I have accumulated. However, in what form the … Continue reading 3 Card Monty