Author Archives: Don

EON house pictures and numbers

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It took almost 6 months to close on this house.  I finally closed on December 29th but the house is now on hold while my crew finishes up on the Bathroom Hole House.  We should start work in early February.

I have taken pictures of the house and completed the repair list.  Here is a breakdown of the repair list:

Replace Stolen AC Units $6,500.00
Plumbing   $1,000.00
Flooring-Carpet,Linoluem,Laminate  $4,000.00
Paint – Interior and Outside Trim  $2,500.00
Landscaping  $200.00
Drywall work  $300.00
General Repairs  $2,300.00
Total   $16,800.00

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Week 10 Accomplishments

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My Holdings
Work on the Bathroom Hole House is proceeding.  The plumbing and electrical repair is now complete and I expect everything to be finished by the end of January.

I completed the plumbing work on the EON house.  I now have this one on hold until my crew completes work on the other house, which should be in about 2 weeks.  I don’t think it is worth the hassle and risk of find a new crew to save 2 weeks, and it will probably take a week to find the crew.  I have posted a new youTube video EON house which shows the work that needs to be done.  Later in the week I will post the repair estimate and some pictures.

Landlord Duties
I have 5 vacant houses (4 I own alone, and 1 with a partner) but I now have partial deposits on 3 of them and will be collecting the complete deposits by the end of the month.

In December I filled eviction on a tenant who then paid.  She owed $850 (including court costs) and sent me a check which I received on December 30th.  I did not want to acceptpayment because January rent was due on January 5th and I doubt she could pay it.  However, the court requires you to accept payment in full on the first eviction attempt, and we had a court date on January 3rd.  I reluctantly accepted the payment, which was a check that her daughter provided.
I called the bank to ensure she had adequate funds and she did.  I then deposited the check into my account – I could not cash it because it was made out to my company.  On January 5th I received no payment and no phone call.  I posted a demand letter on her door on January 7th and filled eviction on January 12th.  On the 13th I went to the house and she had moved.  Later that day I received a letter that the previous month check had bounced.
I am waiting to see if she was actually served.  If she is, I can get a judgment which I may try to collect.  I usually just want them out and find that collecting the judgment is almost impossible.  This is house just add a vacancy and gave me the total of 5.

My partner is working on the vacant house that we own together.  I think we should hire someone but he wants to do everything himself.  He spends his weekends working on the house for no pay.  I think it would be done by now if we had hired someone, but this is a drawback of having a partnership.