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Feb Rent Update, Collected 104.6% rent, NO VACANCY FOR THE MONTH.
This is the best month in rentals last 20 months, but I will lose 3 tenants in March.
I can see more and more activities happening in the local market now, construction is coming back.
We closed one residential lot in my subdivision this month, with 2 more in the talking, I am hoping we can sell 5-6 lots this year.
I also bought out one partner in my subdivision this month, now I own 57.6% of voting rights in the subdivision, the partnership still owns 59 lots, plus I own 3 lots free and clear myself.
Rent Collected by the Month:
07/09 97.5%
08/09 95.4%
09/09 88.7%
10/09 91.6%
11/09 95.1%
12/09 92.5%
01/10 97.6%
02/10 104.6%
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