Hubby met with the brother who was cleaning out apartment with the cats. Says it looks pretty good, and he thinks he already has a tenant for it. An older gentleman who works part-time and gets social security. Some interesting finagling here to make this work. He gives tenants a referral bonus of $50 if the person they refer actually works out (is approved and takes the apartment). One of our longer-term tenants will probably get a referral for this one. The other thing he does is that he works with people on the security deposit. The rent for this place is $500, and the security deposit is $700. The guy will pay $800 to move in and then an additional $100 per month toward the security deposit until it is all paid up. By working with the guy, he'll get someone into the apartment right away (and the guy seems real nice), instead of having it sit empty for a month (lost rent). We'll keep the deposit from the place to cover Jan rent (and will use the extra $200 to give to the brother for cleaning). NO LOST RENT AT ALL - Sweet!
Got tax refund money from one tenant! He is now all caught up until the end of Jan (oops that's tomorrow - lol!). We'll see what happens in Feb! Still waiting for money from the second group that was waiting for their refunds.
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