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3 unit updates

February 7th, 2015 at 05:12 pm

More 3 unit updates.

Got costs from attorney referral.. $250 if no trial. $350 if trial.. feels good to have it quantified..

No news on non paying guy. attorney will file Monday.
The person with a balance was served w a 5 day notice and says she will pay $600 next FRiday and get caught up in full by March. We will wait to file to see if the $600 comes in.. and wait out the 5 day notice. Basically though she is unlikely to suddenly turn into a good payer long term so at some point she may just need to go.

Meanwhile. trying to figure out if there is a way to terminate water for INDIVIDUAL apartments. Right now the city says they can only turn off the entire 3 unit building. If there is not a way to teriminate individually that might be a good thing to install in the future. City gave me and the property manager things to look for to check this out.

Rents still being collected. do not have final count on 3 units. but the 6 homes rents are in.

Already paid 3 unit mortgage.. 6 homes one is not due until the 25th.

Onward. Smile

Figuring after 3 months on this new job I will change my goal of a 4 month emergency fund down to 3 (which I already have) and if renewal or full time looks likely a few months after that. I may invest some of that fund to grow it..

1 Responses to “3 unit updates”

  1. creditcardfree Says:

    Good to know your costs on the lawyer! That always helps me to know.

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