Updated about 8 years ago on . Most recent reply
The Green House: tenant destruction
We bought this house 15 months ago and our latest tenant just moved out. This house has been a cash flow king for me, but this go around I think I am going to do some major repairs.
We bought the house for 17k, put in 8k in initial renovations and upgrades, including a new central ac. Since then, looking at my books my repair and upkeep costs have been $900 to this point. The house rents for $550 a month. Mortgage is $108 per month and insurance cost is $280 per year. Taxes $600. Been empty for a total of 2 weeks in the last 14 months.
The latest tenant trashed it pretty good but nothing beyond repair. Will post pictures shortly.