Hi all
ALL RENTS in across 6 homes and 3 units.
This month I will owe less than $200k across the 6 homes.. getting more roof quotes now (want to do 2 roofs this month) and working on my own house which is fun.. and a nice break. Not doing any repairs.. more tightening up.. and redecorating some.. FUN.. exciting. The house is MINE now.. wow..
Love spring.
New property manager takes over 6/1. can not wait. These homes are a major part of my early retirement plan and I need them running like clockwork. I have $1050 of monthly allowance for repair/vacancy each month across the 6 homes and 2 3 units. would love to save some of this.. vs shelling it out.
My current property manager will start marketing that one home (of the 6) thsi week at a $250-300 rental increase and look to coordinate a move IN at a similar time to the lady we gave 30 days notice too move OUT
Lots of things in play.. Stay tuned but would LOVE a $200-300 rent increase each month and 100% of the 3 unit folks are ALSO due for an increase this year too. looking to raise $10-25 each.
ALL rents in and general rental updates.
April 8th, 2014 at 06:03 pm
April 8th, 2014 at 06:19 pm 1396981197
April 8th, 2014 at 06:25 pm 1396981508
April 8th, 2014 at 08:15 pm 1396988147
April 9th, 2014 at 02:44 am 1397011467
I hadn't gotten a raise since 2007, until last summer when we got a 2% raise and finally lost the furloughs we were under for 4 years (one year at 15% furlough, two at 10% and one year at 5%!). Our raise last summer, 2%, also came with a 1% increase in mandatory retirement savings. So effective rate 1%.
We are scheduled to get a 3% raise net year, July 1, 2015, but of that another 1% is sent to mandatory retirement savings so effective raise 2%.