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Posted over 15 years ago

Still No Work

For the second day in a row, I had every intention today of doing a little work on my rentals. For the second day in a row, that didn't happen. My excuse today was that I needed to fix the motorhome after discovering last night that all the DC electric was inoperative. This is an issue that first occurred on our last camping trip. After that trip, I discovered that a DC Buss Bar had gotten hot and melted the plastic insulating material where the supply was connected. As a temporary fix, I jumped the supply wire to another post. It had apparently worked fine every since.

After our last trip, I contacted the manufacturer, Holiday Rambler, to get a replacement part. Unfortunately, the part is no longer in production and they didn't have a good idea for an alternate part. Motorhomes are basically built individually as they are ordered and no two are exactly the same. I hadn't gotten around to searching for another supplier of a similar part.

At any rate, this was a self-inflicted problem. When I started working on the unit today, I discovered that the battery was completely dead. My initial thought was that the converter had died, but as it turned out, it was still unplugged from where I worked on the problem last time. So, I recharged the battery and while that was occurring, I decided to fix the Buss Bar problem. I disassembled the buss bar and found that each individual terminal was contained in a separate fuse unit. Therefore, I moved the fuse unit that was at the damaged spot on the Buss Bar to another spot and reassembled the unit. Everything worked fine.

Next on my agenda was to make a trip to the bank and post office. I then returned home and watched CNBC as the market was crashing yet again. What could be more dramatic than watching the country heading into the 21st century version of the great depression? While watching the market tank, I paid a few bills.

After the stock market closed, I went for my daily bike ride. That was it for today and I'm looking forward to watching the Presidential debate tonight.

Now that I've been lazy the last two days, I am absolutely committed to doing some work on the rentals tomorrow. You know what they say - the third time's a charm!

 

Michael Rossi is the author of 1 Minute to Rental Property Riches, which is the only book that tells the truth, the whole truth, and nothing but the truth about the rental property business. You won't find any guru motivational nonsense; unrealistic hype; or promises of instant riches without work in this book. What you will find is the critical information that you need to start, build, and operate a successful rental property business. And if you're wondering about the title of the book, 1 Minute to Rental Property Riches, it's a sarcasm of the silly guru infomercials that promise untold riches without work - which we all know is RIDICULOUS!

If you'd like to read more about the book, check it out at www.1MinuteToRentalPropertyRiches.com. When you're ready to buy, you'll get the best price and fastest delivery from the bookstore right here on BiggerPockets!


Comments (6)

  1. Good call on the HD/Lowes books. I probably need to get my hands on one too. I know the HD one is GREAT!


  2. Kalimah, If you're interested in doing more of the maintenance yourself, I would recommend buying one of those big home improvement books from Lowes or Home Depot. They have a good description of how to do the common repair tasks and a lot of pictures to go along with it! Josh -- thanks for the tip - I'll do it!


  3. Mike - quick tip - comment while you're logged into your own account so your comments are linked to your profile.


  4. Greetings, as a new landlord myself, I look forward to connecting with other real estate investors who face the same issues regarding repairs. I myself, am not very handy so I usually end up paying someone to help me with repairs. In fact, someone will be coming this weekend and I have no idea how much it will cost or where the money will come from but I will try to stay positive (for me that means not watching the news with all that's going on...)


  5. I still think that the DOW will hit 7,700, which was the approximate low for the dot-com crash. I'm expecting that we have a long way to go. However, today did provide some amusement as a constant parade of Wall Street Morons this morning proclaimed yesterday's low as the bottom! These are the same bozos that have predicted the bottom a dozen times in the past few months. A couple of these clowns explained via technical analysis how 9,500 on the DOW was an area of strong support. I had to laugh as the DOW didn't even pause as it blew through 9,500. I'm glad that these idiots aren't advising me on my rental property business. Tomorrow's another day and the circus will be performing again. However, I've got to get away from the TV (not easy with this spectacle going on) and do a little work.


  6. Ya Bum! My -217 prediction on the DOW this morning was clearly eclipsed by today's action. Another scary day . . .