Still nothing from the surveyor. They sure like to overpromise and underdeliver.
I forgot to mention in a previous post that I calculated the true cashflow combined for both of our properties and it is $102-. That is not too bad when I realize that we are almost living for free. The bad part is I already thought we were living for free! Speaking of cashflow, one of our tenants at our primary (triplex) gave their thirty-day notice yesterday. We’re sad to see them go because they are perfect tenants, but we should be able to raise the rent by about $700/month. Because the other tenant in the same property is a Section 8, I think we’ll be able to raise her rent, too, even though we just raised it. I can submit a rent increase and the worst that can happen is it is declined. Also, once the guinea pig tenants vacate, which should be within three days, we should be able to get about $500/month more in rent. We’re looking at an approximately $2,000/month swing in the next few months. Nice.
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