Good news to report, we have a signed 12 month lease and a $500 deposit for Rental #1. Hooray, hooray!
The new tenants will be moving in September 1, 2009 which means we only lost one month of rent turning around this property. Of course we also spent money on cleaning, painting and upgrades to the property. Cleaning and painting are the cost of doing business, the upgrades that we do each time a property is empty will, hopefully, help us when we eventually sell these homes.
Mr. Sam is very happy that he will have a mostly free weekend to recover from the non-stop couple of weeks of work.