Category: investing
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Busy Plumber
My childhood friend is also the person who is supposed to be plumbing this project. Since the project has started, he has not been able to commit any time to working on it. Getting him to come out and mark trenches for the underground plumbing was difficult enough. In his defense, we did not agree…
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Update
All the trenching is complete. It is ready for plumbing underground. My plumber is busy at the moment so my Dad is going to step in. It was going to be another week before he can get to the job and I don’t want to wait that long. I think my Dad is bored because…
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Site Preparation
There was a crew at the job over the weekend. I thought that they couldn’t work Sundays but, according to the general contractor, the permit states work can be done on Sundays between the hours of 9AM-3PM. Who knew? On Saturday, the crew was jackhammering existing concrete. I went back on Sunday and the crew…
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Construction Update
Ahh, the joys of “opening the hood”. The cast iron sewer pipe running underneath the duplex was shot and had to be replaced. We are in the middle of relocating water heaters that were in the laundry room that is going to be demolished and a bedroom will replace it. Actually, the laundry room is…
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Friday, July 28
Since my last post, we have gotten new tenants and made progress in the construction project. Our six-month term lease tenant moved out at the end of May. She was a good tenant in that she was rarely at home, we never heard her dog, she was always respectful and nice, and she paid rent…
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Friday, May 26
The building plans have been returned with comments that need to be addressed. One of them being that we have to hire both a mechanical and electrical engineer for specific reasons to which I am not privy. It has to do with the property changing from a duplex to a triplex with construction of the…
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Monday, May 15
I’m excited to share that the first review of the construction plans for the ADU and garage conversion is complete! The architect emailed me this morning with a list of minor changes that need to be made, and she estimates that she will have the updated plans to me within two weeks. I’ve already spoken…
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Thursday, April 27
As a landlord, there’s nothing quite as exciting as welcoming a new tenant into your property. This weekend, I’ll be doing just that as we prepare to welcome a new resident to one of our units. However, before our new tenant can move in, there are a few things that need to be taken care…
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Monday, April 10
I think we finally have our vacancy filled. I showed the place twice today and got a deposit this afternoon. They are slated to move-in on May 1 at $2500 per month. Rents have dropped a little. We are getting $2600 next door and I think it’s a less desirable unit. Regardless, we are still…
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Monday, April 3
We went on a two-week vacation which is why there has been radio silence for so long. The tenants at the duplex moved out and left the place spotless. I think they put purposefully put vacuum lines in the carpet. The place looked great! I’m happy about that. I listed the unit on Saturday, showed…
Winning the Rat Race 