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What a couple of days...
As I sit here now, the rain is dripping through the ceiling of my recently vacated 3rd floor rental apartment. Well...I hope it's just dripping...and I hope the ceiling is still there.
Just before I headed to AZ, the tenant I was in the process of evicting left of his own accord. Unfortunately, he was about the only thing to leave. He chose to leave most of his clothes, several meals, a pile of cat crap, his last hair cut, tons of cigarette butts, $2.7 million in beer bottles, stained carpets, and much more.
While I was in AZ, I had someone go in and clean the place. An entire pickup truck full of garbage, plus another truck full of stuff I put in storage, "just in case". When I got back, I hired a painter to paint another apartment in the building, as well as the entire stairwell.
They finished the painting today, and let me know that the roof was leaking. They were nice, and put buckets under the leak, and mopped up a bit -- which they didn't have to do.
So, the ad to rent the place starts in the paper in the morning. And I've got to show the place with an obviously wet ceiling -- assuming it is still up -- this weekend.
It is supposed to pour all night long tonight. It is pouring right now. Not raining, but pouring. Flood warnings everywhere around us.
So, on top of two vacant apartments, the costs associated with going 60% of the way through an eviction, remodeling, painting, cleaning the vacancy, and having the carpets cleaned for the second time in four months, I have to replace a roof and repair a ceiling (less what insurance kicks in).
I don't think I'll get any sleep tonight.
I already have a meeting arranged with my banker for lunch on Friday, and I've already primed him for a roof repair loan, the financing for the 32-unit (including upgrades), and a loan for the self-storage land I'm looking at.
It makes me nervous that bad things come in threes, and I'm talking to him about three things!
Damn! I think a car just floated past the window! Time to go toss and turn!
As I sit here now, the rain is dripping through the ceiling of my recently vacated 3rd floor rental apartment. Well...I hope it's just dripping...and I hope the ceiling is still there.
Just before I headed to AZ, the tenant I was in the process of evicting left of his own accord. Unfortunately, he was about the only thing to leave. He chose to leave most of his clothes, several meals, a pile of cat crap, his last hair cut, tons of cigarette butts, $2.7 million in beer bottles, stained carpets, and much more.
While I was in AZ, I had someone go in and clean the place. An entire pickup truck full of garbage, plus another truck full of stuff I put in storage, "just in case". When I got back, I hired a painter to paint another apartment in the building, as well as the entire stairwell.
They finished the painting today, and let me know that the roof was leaking. They were nice, and put buckets under the leak, and mopped up a bit -- which they didn't have to do.
So, the ad to rent the place starts in the paper in the morning. And I've got to show the place with an obviously wet ceiling -- assuming it is still up -- this weekend.
It is supposed to pour all night long tonight. It is pouring right now. Not raining, but pouring. Flood warnings everywhere around us.
So, on top of two vacant apartments, the costs associated with going 60% of the way through an eviction, remodeling, painting, cleaning the vacancy, and having the carpets cleaned for the second time in four months, I have to replace a roof and repair a ceiling (less what insurance kicks in).
I don't think I'll get any sleep tonight.
I already have a meeting arranged with my banker for lunch on Friday, and I've already primed him for a roof repair loan, the financing for the 32-unit (including upgrades), and a loan for the self-storage land I'm looking at.
It makes me nervous that bad things come in threes, and I'm talking to him about three things!
Damn! I think a car just floated past the window! Time to go toss and turn!
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