I’m sorta in the same boat except my tenants are awesome. Old homes have old problems and I’m constantly changing or fixing. Honestly with all things said and done, with all the time spent and the cost of repair, if I would have just put the money in the S&P500, I would probably have broken even.
This past weekend one of the dryers broke. I sent a guy out there to repair it. He came back telling me the part cost more than the machine. Great. $250 wasted. Fine. I have to buy a new dryer. Take time off work to have it delivered. First one comes. It shows up broken. Fuck. Fine. Take another day off to get a replacement. Fuck second one comes damaged. OMFG! Just ordered a 3rd one from a completely different company. Gotta take another day off. Who knows on Tuesday if this won’t be the same issue.
Last I heard my old landlord/friend was massively renovating the place, he stripped it down to the studs and I think he even added another floor to the building. He was redoing everything. At the time he was waiting on a permit to continue the work. He was putting in the time and effort to modernize and reduce his efforts long term. Hopefully that works out for him.
I hope your Tuesday delivery is smooth and that the new unit arrives undamaged in working order.
I’m sorta in the same boat except my tenants are awesome. Old homes have old problems and I’m constantly changing or fixing. Honestly with all things said and done, with all the time spent and the cost of repair, if I would have just put the money in the S&P500, I would probably have broken even.
This past weekend one of the dryers broke. I sent a guy out there to repair it. He came back telling me the part cost more than the machine. Great. $250 wasted. Fine. I have to buy a new dryer. Take time off work to have it delivered. First one comes. It shows up broken. Fuck. Fine. Take another day off to get a replacement. Fuck second one comes damaged. OMFG! Just ordered a 3rd one from a completely different company. Gotta take another day off. Who knows on Tuesday if this won’t be the same issue.
Last I heard my old landlord/friend was massively renovating the place, he stripped it down to the studs and I think he even added another floor to the building. He was redoing everything. At the time he was waiting on a permit to continue the work. He was putting in the time and effort to modernize and reduce his efforts long term. Hopefully that works out for him.
I hope your Tuesday delivery is smooth and that the new unit arrives undamaged in working order.
All the best.
Thank you. Might be a good idea to redo the home at this point.