Rent is In!
After spending so much time on rehabbing the new property, and then running away for a little R&R, I HAD to work on my truck. The radiator had been leaking for the last month or better. I had bought a new, all metal, heavy duty one, and it had been in the garage for most of that time. July 3 was a holiday from the day job, and the house is ready to go, so I finally got around to changing it out. And the houses, except the heater hoses which look like real knuckle busters. And, since they were right in the open, all the belts, too. And, my junky old trailer had been blowing fuses, so I rewired it, too. And the leaky shower faucets that have been wasting my water and driving me bonkers got fixed, too. Yea!
To top it off, the weather's been decent and I've been able to ride the last few days since I don't have to haul around tools and materials.
Better still, I had an applicant pass the screening. We met tonight and they signed the lease and handed over the first month and the deposit. Outstanding! Six weeks, less one day from closing to a signed lease. That is a good feeling.
Went to the NW CAREI meeting tonight. It was a good presentation. Bill's brother, Don Bronchick, made a presentation about dealing with contractors. He's been a contractor in the past, and had some pretty good info on ways to avoid getting taken for a ride and to do things properly. One interesting piece was he was really in favor of getting permits if the work that required them. Often it seems investors short cut this piece and try to fly under the radar. This last rehab was paint and carpets and broken windows, nothing that needed permits. But my prior rehab did involve quite a bit of wiring and plumbing and I did pull permits. That's something of a hassle, because that city (Aurora, CO), only allows GCs to pull permits unless you occupy the house. So, I had to get a GC in on the job. At the time, I wasn't very happy with the extra costs and all of the inspections. But in the end the additional cost was fairly small and I know the work is done correctly.
Met with Mike after the meeting and discussed next steps. Time to start looking for the next property.
To top it off, the weather's been decent and I've been able to ride the last few days since I don't have to haul around tools and materials.
Better still, I had an applicant pass the screening. We met tonight and they signed the lease and handed over the first month and the deposit. Outstanding! Six weeks, less one day from closing to a signed lease. That is a good feeling.
Went to the NW CAREI meeting tonight. It was a good presentation. Bill's brother, Don Bronchick, made a presentation about dealing with contractors. He's been a contractor in the past, and had some pretty good info on ways to avoid getting taken for a ride and to do things properly. One interesting piece was he was really in favor of getting permits if the work that required them. Often it seems investors short cut this piece and try to fly under the radar. This last rehab was paint and carpets and broken windows, nothing that needed permits. But my prior rehab did involve quite a bit of wiring and plumbing and I did pull permits. That's something of a hassle, because that city (Aurora, CO), only allows GCs to pull permits unless you occupy the house. So, I had to get a GC in on the job. At the time, I wasn't very happy with the extra costs and all of the inspections. But in the end the additional cost was fairly small and I know the work is done correctly.
Met with Mike after the meeting and discussed next steps. Time to start looking for the next property.
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