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6 homes update

June 8th, 2015 at 01:57 pm

HI all

6 homes update.. 2 years 9 months to go until paid off in full.

Having inspections of homes done thsi week to uncover any major repairs needed so I can take care of those all this year and be done with it or at least save for them.

short term insurance lady moved out. House looks immaculate. No work needed. Already showing it and getting positive reviews. Trying to rent for $1200 ($235 less than her rent but she had a short term lease)

Section 8 (long term lady) moved out Friday. Section 8 paid rent already for the month. Unless they ask for it back which they normally do not, I can keep it. this house needs a rehab (tenant lived there for 8 years or more). So anticipating, paint, flooring, will udpate light fixtures, faucets as needed etc. Few thousand. Property manager looking at it today. Extra rent will help float me for the few weeks it will take to rehab

Another section 8 lady (lived there 20 years) may move out.. fingers crossed she does not but may because house is getting too big for her. If she does we can anticipate the same as above.. fully rehab/update.

I am complete trimming ALL trees among all the homes and 3 units. Trying to do long term maintenance type things and keep these in good shape.

Just diarying

3 Responses to “6 homes update”

  1. LivingAlmostLarge Says:

    Amazing. I may try this in 5 years.

  2. SecretarySaving Says:

    Any luck on getting a tenant that is not Section 8?

  3. Rachael777 Says:

    2 (of the 6) are non section 8 so far and I may switch one more (the 20 year lady house). All the rest will likely keep Section 8. The short term insurance lady moved out of a non section 8 home. The other people who moved out of section 8 are not prepped to show yet and '20 year lady' has not stated she needs/wants to move yet.. so no tenant reviews yet. Does that make sense? tried to make it clear.

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