| Rent Update, April 2011, Collected 98.44% of rent, 5 opening... |
2011-05-01 12:17:24 |
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Rent Update, April 2011, Collected 98.44% of rent, 5 opening...
This month is like a roller coaster, up and high, then down to hell...
1. The rebuild project is now finished, passed final inspection, insurance company paid lost rent to 4/14/11, from here on, we on our own... response to the new building is very good, we rented out 4 of the 8 units within the 2 week period.
2. we also rented out all the empty units in other locations.
3. while the first 2 weeks of the month been haven, then all the bads begin to happen.
3. one of the house, tenant got busted for meth lab, health department condemned the house, waiting on further testing. We did file a claim to insurance, preliminary finding, because there was a small fire broke out inside, they will cover on that, together with loss rent and damage repair, but the bigger problem will be, they need to further investigate the meth lab damage, to determine if this under coverage, if there is any. I expected the total cost of repair be about 10-14k.
4. of course, when it rain, it pours, we had non stop raining for last 2 week, we end up with 3 roof leak, 1 sewage backup, and a flooded basement.
5. that is no done yet, last week, we had a water heater overflown, flood the unit down below, twice, and we still can't find out why it overflown, we had changed every part that can be changed in the water heater, next thing will be, replace with a new one, if it flood again.
6. then the dessert of these excitements, is 2 sister rented from me, their boyfriends got in a fight, and neighbor call the police and both boyfriends got arrested. well, no question, they are on my eviction list today.
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%
03/10 94.55%
04/10 90.3%
05/10 106.8%
06/10 93.4%
07/10 97.5%
08/10 93.8%
09/10 99.15%
10/10 100.8%
11/10 91.8%
12/10 89.9%
01/11 90.3%
02/11 95.6%
03/11 100.2%
04/11 98.44%
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