Thursday, August 2, 2012

Another Eviction Update

I spoke with the Deputy, who said I could schedule the eviction for tomorrow (Friday) after posting the notice on yesterday (wed). I told him to hold off until I can speak with my tenant because I would rather have them move out on their own so the deputy doesn't have to be paid to watch me throw their shit on the street. As much fun as this could be, it would cost me time, money, and sweat.

So I called the tenant and he said they would be out for sure on Sunday night. I warned him clearly that if he was not out by 6am monday morning that I would be returning later that day with the deputy. He seemed to understand, even though you can never be sure with these deadbeats. I expect they will be out Sunday night.

I drove over there today on my lunch break and planted the FOR RENT sign, and I will be posting on craigslist soon. The next step is for me to evaluate the dammage. I will likely need to paint and repair some random shit. So best case is to have someone in there by the end of the month. That costs me repairs plus missed rent of another $700. All in all, this tenant will cost me over $4,000 in missed rent, repairs, and legal fees. That amount is well beyond any annual profit from this property.

When I reflect on this particular property, I am discouraged. I bought the house in 2006 and had a good lifer in there for several years before he died. Since then, I have bad very bad luck with three evictions in a row. This has cost over $13,000.

My only hope is to pay off these damn properties so the missed income I will incur in the future does not hurt so much. Or if I can find quality people (how many times have I said this?) then none of these issues would come up.

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