The Brakes on, but the car is still moving! 

Ya, me and Scott had decided it was time to get things rolling again with the site.  I guess hiatus would be an understatement. 

Things started off pretty bad at the first of the month (April) when I lost out on 2 home contracts I had been working on for a few weeks.  Were talking about 60k in equity a piece and at least $300.00 a month in cash flow.  Ya..  Thats with rent loss, maintenance, repairs, management fees and a few incidentals thrown in for measure.

Both homes were owned by a local firm that was holding deliquent notes.  We had worked out a deal with the owner and was going to short the firm, but we never were able to get back to the negotiations after our inspection.  Odd how when you have a legitimate claim they think your trying to rob them.  Oh well. 

Then, the rain comes a pouring down.  3 homes I own all get water damage at the same time.  Nice.  Here is some word of advice - teach your tenants to handle small repairs and emergency preparations so you don't have to get late night calls.

On 2 of the homes that had water damage, (caused by heavy humidity and clogged up A/C relief valves) my tenants know what to do, so I didn't have to jump on getting them fixed till after the weekend.  One of them on the other hand was addressed by me personally because the husband was the only one who we had trained on cleaning out the valves and changing out filters.  Had we shown both family members, this might have been avoided as well.  Sorta noobish on my part.  heh.

Other than that - it's business as usual. 

Later, Noobs.