6 weeks ago we filled 11 vacancies by lowering money to get in (deleted last month’s rent on all units). One we had to evict…druggie and tweaker.
One paid rent on the first, and when I got back from Cozumel (1week YAY!!) I drove by units to check for wind damage and front door was open and A/C running.
No one home…neighbor says folks left on the 4th or 5th with pickup loaded and never came back!!!
This home was loaded with truly nice furniture and brand new water/ice fridge and glass top range.
About 400 cleaning, paint, vinyl in one bath needed. have 500 deposit to cover this. First home needed carpet in master cleaned, pest spray, new front door (kicked in ). Had 1/2 of 500 deposit and cost to repair was over 450.
We are happy with these odds. If I had it to do aagain, I would. the increased cash flow from the 9 rentals that are current was needed and we were not hurt too badly from the two that flaked.
We are seeing tax return activity for rentals and sales…we are still slow, but things are looking up in our market…anyone else seeing this?
BTW…never saw a single mobile in Cozumel and it was wonderful to take a week off…no phones, no employees, no vehicle issues…whew!