A friend of mine said that I would be surprised at how quickly time would pass once our rental property was up and running. He was right.
It’s actually been 13+ months since our first tenant moved in on November 20 2015 with a six month lease. She left after about 8 months, and we were able to find another tenant before the unit went vacant. In August, we signed a year lease with our current tenant.
I last posted on our invested effort in September. At that the, we had logged 585.5 hours. All told, we’ve now put in 593 hours since I started keeping track. In total, we’ve grossed $22,350. That’s $37.69/hr for those of you keeping track at home. Of course, that ignores the approximately 200 hours we spent screening. But, I think it still beats working for a boss.
Rent is due again on the first. There will be ups and downs…I hope it will be a very happy New Year for us and for you!