I was very busy last week (and over the weekend) so my update is late. I have still not ordered the bandit signs, but I did start the process this Monday (in week 7); I will discuss it in a later post. This week, I noticed two different bandit signs up in my area. For the last few months there have not been any. I procrastinated and now the competition is in.
This week I received a formal estimate, and had work started, on the Bathroom Hole House. This estimate does not cover everything and I need to get a few more estimates. I was given an estimate of $15,255 for most of the work to the house and an estimate of $2,860 for the AC unit. I also have an estimate of $2,000 for filling in the pool. Add purchase and closing to these estimates and I get a total of $52,794.25. I expect to spend another $13,150 which is detailed in this post with an expected cost breakdown. This will put me in the house just under $66,000 and I expect to sell it form more than $100,000. That’s a pretty good return is everything goes as planned.
The Title work on the EON house is complete and I have been told we are waiting on a POW (Power Of Attorney) from the seller. I have heard this before so I am not confident.
I filed a writ-of-possession on a tenant on Thursday and she called today. She left a message asking me where her kids should live. We are scheduled to move her out next Friday and she wanted one more week. I told her to pay $400 and she could have the week – she owes over $2,000. I told her if the money order is in my box on Thursday I will move the eviction back a week – if not it will go through as planned. I will not cash it until she is out.
I filed eviction on another tenant on Thursday; her rent was due on the 5th and that was the 15th. I mailed her a notice, and put a copy on her door, on the 10th and she never called me. I usually work with the tenants if the call me, but not if they ignore more. She was served on Friday and called me later that day and left a message. I could barely understand her and she asked me to come to the house – she did not mention payment. I assume that she wants to tell me the sob story in person so I just ignored it. She needs to do better than that if she wants to stop the eviction. If she pays she can stay, if not she must go.