Apartment Changeover Madness

We went from spending a blissful relaxing week on vacation at the beach in Rhode Island with family right into a regular workweek and two apartment changeovers.  Last week was brutal.  Talk about killing the vacation relaxation vibe in an instant!

The tenants in our owner occ duplex actually moved out while we were still out of town.  We were not worried about being there when they moved as they were very responsible and had kept the apartment in such great shape.  A quick walk through when we got home late Sunday afternoon verified this.  This particular unit is in really good condition as we did some some maintenance last year between tenants but did need a coat of paint in a couple of the rooms to help freshen things up.  We have owned the building for almost 5 years now and we haven’t painted the walls since we purchased it so it was over due.  I had meant to get paint before heading on vacation but life got in the way so after work on Monday the first task was to buy a gallon of paint to match.  Once we had the paint in hand we got to work. Continue reading “Apartment Changeover Madness”

Our First Investment Property Hiccup

When you own an investment property you know in the back of your head that nothing is guaranteed and that something will come up.  Well it turns out that for our new property, it only took a couple of months before we had our first hiccup.

As we sort of inherited the tenants when we closed on the property in January we actually know very little about them.  We have their names, email addresses and phone numbers and that is basically all we know.  We are kind of stuck with them until their leases are up this summer. Continue reading “Our First Investment Property Hiccup”

We’re “Real” Landlords!

We’re “real” landlord!  I know that sounds funny but our primary house is a duplex and although we technically have been landlords for more than 4 years renting out the other half of our property I feel like buying a completely separate investment property somehow makes us “real” landlords.  Even since we bought our current home the plan was to buy another investment property and low and behold, we have done it!  We just closed on a duplex yesterday. Continue reading “We’re “Real” Landlords!”

Monthly Update – May

As I suspected, May turned out to be a difficult month.  From the start of the month my expenses were higher.  I had a car repair which I expected but nonetheless, still hurt.  But unfortunately that was only one of many large non-regular expenses for the month.

For Mother’s Day we hosted a brunch for 10 at our house with both of our moms, our siblings and their spouses, and one cousin who was visiting from out of town.  Thankfully brunch is less expensive than hosting a dinner but I still spent over $100 on food.  Add in the cost of gifts and cards and Continue reading “Monthly Update – May”