Well, I was just getting ready to announce that we had 6 out of 6 apartments fully paid this month (1 is still empty but more on that later), when Hubby told me that one of our tenants had bounced a check. This is a very expensive problem for the tenant, because now they owe a $100 fine. $50 for the bounced check, and $50 because the rent will be late this month!
On the good news front the empty apartment is ready to go and Hubby has already started receiving calls for it, although he hasn't advertised at all yet! One tip that some might find useful, he give existing tenants a "finder's fee" of $50 if the apartment is eventually rented to someone they recommend.
No activity on the first flipper (Cherry Street) this weekend. We were hoping that it would get some showing because it is new to the market. Keeping our fingers crossed for a quick sale!
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