I'm taking a couple hours out of the middle of my work day to go greet my new tenants and do our lease signing (the out of town roofing company). I hate having to take the time out from work. Especially since it will (probably) be the middle of the day, so I have to come back. But I'm looking forward to meeting them in person since so far, it's only been messaging/e-mailing and one video walk through. Though the video was only with my H.
Unfortunately, my H discovered some plumbing problems today, smh. It's like the woes of this house never end! My new tenants are actually just visiting to square some things up for when they come here to work later in the month. So that's at least a small blessing. They aren't moving in for another 2-3 weeks, so we (hopefully) have time to fix it. Alas, it's not something simple like a faucet. My H thinks the leak is somewhere in the wall, between the two bathrooms.
On further bad news, our usual plumber...who was also a previously very good friend of ours...is now persona non grata in our household. I don't want to get into details but he majorly screwed us over due to his laziness and extreme negligence. So now we need to find a new go-to plumber that (hopefully) isn't a fortune. We actually need to fix the shower in our own house too. It's been out of service for a couple months, so we've been having to do baths only. It also needs some of the wall removed to get to the problem. The wall access is our linen closet. Which is stuffed with things. Which means we need to clean it out before any work can be done. Though more of the problem is my H has totally dropped the ball on getting this rolling.
Other than that, it's been a pretty good day. Last night, my H and I were crunching the numbers, and decided to rent out the house we were thinking about selling. The rental demand is so hot right now, we couldn't resist. The biggest thing that pushed me over the top was my business goal from the beginning was to earn $5K/month in net rental cash flow, not including the rent from my personal duplex. If we rent this house out, I will be just over that goal!!!
The negative is, if I sold the house, I could pay off my entire HELOC and have money to spare. Which could potentially open more doors for fix n' flips or other rentals. But It's a bad time to be buying real estate anyway and, even with renting this house, I could have my HELOC paid off in less than two years.
Edited: to add the word "net" when talking about my rental cash flow. Because "net" and "gross" are enormous differences when you are talking about properties, lol.
