My wife is due in two weeks with our second child. Our first is 27 months old. Needless to say, my wife has been out of commission for a while.
A quick reminder of myself: I am 34 yo and would like to be able to retire in 3 yrs. I am a civil engineer working for a construction company. I own 3 triplexes.
Most people are try to balance family life and work. I am trying to balance family life, work and my rental business. I throught that I would sacrifice for a few years so that I can enjoy most of my life debt free and financialy independent. But this is taken a toll on me and it is harder now that my wife is pregnant.
Work is work. I work 8:30 to 5, m to f. I do not weekends no more. What I struggle now is my rental business.
Jan. 08) Tenant 01 tells me he lost his job and will be relocating to find work. Tenant 02 did not make her payment.
Feb. 08) Tenant 01 has been with us for 3 years without any problem. However he is not the cleanest guy. He leaves the apartment. I was planning to renovate his apartment anyway.
Tenant 02 just paid Jan 08 rent but behind on Feb. 08 rent.
Tenant 03 is getting back with his girlfriend who they share a kid together. He did not live in his apartment for 3 months. He was making up so many excuss to leave the building. His lease expire Oct. 08. But we aggree to let him leave early. I only did this because he had a son who was less than a year old.
Tenant 04 tells me he wanted to buy my property. Good news.
Mar. 08) Showing apartment (tenant 01)
Tenant 02 still have not paid for Feb. & March
Tenant 04 tells he made an offer to buy another property and is giving notice. So we had to start showing apartment (tenant 04).
Tenant 05 had to repair rotten floor issue in the bathroom. Spend the weekend replacing and redoing the floors.
Tenant 02 had broken water pipe in the shower on the second floor. Had to fix it as it was damaging the ceiling on the ground floor.
Decided to sell one of the apartment ourselves.
Tenant 04 deal to buy another property fell thought but now their place had been leased. Tenant was a good person so we rented our basement to him.
April. 08 Tenant 02 gave her notice, when to court, and will be evicted April 29. Sheriff will be escorting her out. Apparently she was into the crack scene. Oh yeah our water bill was usually around 30-40 month. With her our water bill was about $400. She was charging her "friends" to have their clothes washed.
Still try sell apartment #1.
New tenant 03 complained about the condition left by old tenant. New tenant had a long to do list before they would move in.
My wife did help when we had two showings in two different apartments. I felt guilty letting out of the house since this year we had lots of snow. It was not safe for her to be moving around. But most of the work was by me. This was quite the burden.
Sorry for the rambling. I had to let some steam out. This feels good. Now I have to go back to work. I am leaving early to show the triplex to 4 protential buyer. Hopefully one makes an offer.
A quick reminder of myself: I am 34 yo and would like to be able to retire in 3 yrs. I am a civil engineer working for a construction company. I own 3 triplexes.
Most people are try to balance family life and work. I am trying to balance family life, work and my rental business. I throught that I would sacrifice for a few years so that I can enjoy most of my life debt free and financialy independent. But this is taken a toll on me and it is harder now that my wife is pregnant.
Work is work. I work 8:30 to 5, m to f. I do not weekends no more. What I struggle now is my rental business.
Jan. 08) Tenant 01 tells me he lost his job and will be relocating to find work. Tenant 02 did not make her payment.
Feb. 08) Tenant 01 has been with us for 3 years without any problem. However he is not the cleanest guy. He leaves the apartment. I was planning to renovate his apartment anyway.
Tenant 02 just paid Jan 08 rent but behind on Feb. 08 rent.
Tenant 03 is getting back with his girlfriend who they share a kid together. He did not live in his apartment for 3 months. He was making up so many excuss to leave the building. His lease expire Oct. 08. But we aggree to let him leave early. I only did this because he had a son who was less than a year old.
Tenant 04 tells me he wanted to buy my property. Good news.
Mar. 08) Showing apartment (tenant 01)
Tenant 02 still have not paid for Feb. & March
Tenant 04 tells he made an offer to buy another property and is giving notice. So we had to start showing apartment (tenant 04).
Tenant 05 had to repair rotten floor issue in the bathroom. Spend the weekend replacing and redoing the floors.
Tenant 02 had broken water pipe in the shower on the second floor. Had to fix it as it was damaging the ceiling on the ground floor.
Decided to sell one of the apartment ourselves.
Tenant 04 deal to buy another property fell thought but now their place had been leased. Tenant was a good person so we rented our basement to him.
April. 08 Tenant 02 gave her notice, when to court, and will be evicted April 29. Sheriff will be escorting her out. Apparently she was into the crack scene. Oh yeah our water bill was usually around 30-40 month. With her our water bill was about $400. She was charging her "friends" to have their clothes washed.
Still try sell apartment #1.
New tenant 03 complained about the condition left by old tenant. New tenant had a long to do list before they would move in.
My wife did help when we had two showings in two different apartments. I felt guilty letting out of the house since this year we had lots of snow. It was not safe for her to be moving around. But most of the work was by me. This was quite the burden.
Sorry for the rambling. I had to let some steam out. This feels good. Now I have to go back to work. I am leaving early to show the triplex to 4 protential buyer. Hopefully one makes an offer.