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Interesting Day

Posted: Tuesday, July 07 2009 at 10:34PM
My day started with paperwork - specifically paying bills and paying my property taxes (YUK). Talk about something that gives you that sick feeling, that's exactly how I feel every six months when I write checks (in the 5 digits) for property taxes.

As I was finishing up my taxes, I got a call from The Sprint Store telling me that my Palm Pre had just arrived and I could come pick it up. So, as soon as I finished the taxes, I went to the Sprint Store and picked up my new phone.

I had a Moto Razor before, so moving up to the Palm Pre was quite a move up. The Pre is a very sophistocated machine - more like a small laptop than a phone. I'm still learning to use the phone/handheld computer, but I really like it so far. It uses an operating system that lets you view websites exactly like you would on a computer! Very cool.

After getting the Pre home and putting it on charge, I did the paperwork to take to the lawyer for the eviction I have going. As you may recall from my previous posts, I have a brand new lawyer doing my evictions. With the paperwork complete, I made a trip to the bank; the post office; and my lawyer's office to drop off the eviction paperwork. I intended to just hand the paperwork to my lawyer's secretary, but when I did the secretary said the lawyer wanted to talk to me. To my surprise, she informed me that she was moving to another city and wouldn't be able to do my eviction. RATS!

I need the evictions filed on Thursday, so I needed to find another lawyer fast! I went into town and stopped at another lawyer's office that I know. He's done some work for me in the past, so I knew he would be good. Fortunately, he was in the office and agreed to do my evictions.

Next stop was the police station. I needed to get the police reports for the last 2 months for the Pink Elephant. The reason that I needed the reports is that I've had 3 criminals barred from my property by the police and I needed copies of those reports. With copies of those reports, it's much easier to have a barred person arrested for criminal trespass.

I received a call from one of my friends who is involved in the government. She wanted to tell me that one of the local agencies had taken a BUNCH of stimulus money that they had used to hire summer workers (mostly students). They didn't have enough work to keep these workers busy and wanted to know if I had any work they could do - like painting low income houses or yard work at low income houses. My answer - YES!!! So, I made a list of rentals that I would like to have work done. We'll see what happens!

That was about it for today. I'm going to try again tomorrow to work on painting the Pink Elephant.

Eviction Paybacks!

Posted: Monday, July 06 2009 at 09:40PM
It's been quite an unusual year in my rental business - at least as far as my evictions go. I went an entire 9 months without a single eviction, which was absolutely astounding. It got to be kind of a game for me - seeing how long this would go before I finally had an eviction. I was secretly hoping for an entire year, but I knew that was highly unlikely.

As each month went by without an eviction, I felt like a guy riding one of those mechanical bulls. The longer the ride lasted, the more it was going to hurt when it ended. That wild ride finally ended in June with one eviction. This month started with three imminent evictions, but it looks like two of those tenants will move out before the 3 day eviction notice expires. If so, I'll only have one eviction again this month.

My rental property work today included fixing a leaking shower stall; showing an apartment to a potential tenant; getting the lease signed for a new tenant; and paying some bills.

Tomorrow, I'm planning to take the eviction paperwork to the lawyer; replace a couple of cracked windows; and start painting at the pink elephant.

Tea Anyone?

Posted: Saturday, July 04 2009 at 09:16PM

Today was the final day of rent collection.  However, because it was also a holiday, I had already collected most of the rents and therefore only had a few to pick up this morning. 

My real agenda for today was to attend a local tea party, protesting the socialist agenda; reckless spending; and impending radical increases in taxes that are occurring in the US.  I was a little disappointed in the turnout at today's tea party, but the weather here in Ohio was rainy and it was a holiday.  I'm sure that many people had family plans and therefore couldn't attend.  However, at a time when the government is intent on taxing the vast majority of the middle class out of existence and taking away our way of life, I would hope that people could be a little more focused.

It is becoming increasingly clear to me that the American Public is incapable of acting proactively.  Just as has happened throughout history in other countries, the vast majority of the public will allow all their freedoms to be taken away and will not utter so much as a whisper in opposition.  It's disappointing. 

 

The Rents are Rolling In!

Posted: Friday, July 03 2009 at 11:20PM
With the fourth being a holiday and being on a Saturday, I've received an unusually large number of rents on the first three days of the month. I collected so much cash today that I was a little leery of carrying it all around.

Rental demand also remains very high. I had an eviction this month in one of my SFHs (single family houses) and the tenant will be setout next Thursday. That is the only SFH that I've had available in four months and I already have it rented, with the new tenant to move in as soon as the old tenant is gone. I also rented my last two one-bedroom apartments today.

My project for the day was to finish installing the carpet and doing a little plumbing work in one of the one-bedroom apartment that I rented today.

I also had took care of a little management issue, when I had a guy that I recently had barred from my apartment buildings, charged with criminal trespass.

That was it for today. I'm going to a tea party tomorrow to protest our out-of-control government.

Misunderstanding Causes Eviction

Posted: Wednesday, July 01 2009 at 02:23PM
..or NOT!!! That was my tenant's best defense this morning in my 1st eviction in 9 months. She claimed that it was all a misunderstanding. The magistrate asked the tenant if she contacted me to clear up the misunderstanding. The answer was no. The magistrate asked the tenant if she paid June's rent - again the answer was no. The bottom line was that the eviction was short and sweet and the tenant was EVICTED!

What was the misunderstanding? There wasn't one, but I guess that was the only thing the tenant could think of.

This eviction was a little unique for me because I had a new lawyer, after my previous lawyer was indicted on a felony prescription drug charge a few months ago. It was also a little more interesting because I haven't had an eviction in 9 months (I felt a little rusty). My new lawyer is young and has virtually no experience actually doing an eviction, but she did fine today and this was actually a very good first eviction for her.

I have collected several rents so far today and will be collecting more later this afternoon. I didn't have any maintenance to do today, so that is about it for today.

Advanced Pistol Training

Posted: Monday, June 29 2009 at 11:55PM

Yesterday, I spent the day at an advanced pistol training course near Dayton. With all that has been going on lately (with the felon that has threatened me), I thought an advanced pistol training course would be a good idea. I was not disappointed. The course included a lot of close quarters gunfighting techniques; shooting from behind baracades; and shooting while moving. It was a very good advanced course taught by a couple of very experienced self-defense instructors. One of the instructors just got back from IRAQ where he was working as a security contractor.

While at the training yesterday, I got a call from one of my tenants who reported that someone had damaged the door frame when they tried to break-in to the house. I also got a call from the police who wanted to discuss the incident. This is a SFH house that is located in a blue-collar neighborhood. There typically isn't a lot of crime in this area, but there have been several home invasions recently throughout the city. The really troubling thing about the incident was that it occurred between 11am and 1pm on Sunday, right in the middle of the day. These home invasions have been quite serious, with the perpetrators brandishing guns and in some cases injuring the inhabitants of the homes. Fortunately, in this case, no one was home and no one was injured. As a result of the attempted break-in, I spent a few minutes today repairing the door jam. Fortunately, the door itself wasn't badly damaged, so the repair wasn't a big deal. I also had a discussion with the tenant about safety and security issues, so hopefully they can prevent a repeat of this incident.

In addition to repairing the door, I also bought and installed a new blade for the push-mower that I use to mow the lawns at the apartment buildings. I'm planning to do some mowing tomorrow.

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Michael Rossi
1 Minute to Rental Property Riches
Real Estate Investor
, Ohio

Website: http://www.1MinuteToRentalPropertyRiches.com

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