I know, the last post mentioned regrets or paying a lot of money, but we decided to back out. Too many things about the deal seemed fishy. I was getting different stories from the same person, the Mello Roos tax was ridiculous and didn't expire until 2020, and we didn't like the area.
Break Time. Now we wait. That's okay though since we have to ready this house for rental shape. At first I thought we'd just leave it all as is, but in order to attract higher quality renters we decided to make this house a lot nicer than it currently is. It's one of the rules mentioned in Property Management for Dummies. That requires time and since escrow would've closed in early May we didn't have enough time. Getting out from under that deal feels like a load off and now we have all the time we need. We're under no schedule except that I'd like to be renting it before next year so the improvements will count as write-offs for a rental property.
Just bringing you up to speed here. Now you know.
Break Time. Now we wait. That's okay though since we have to ready this house for rental shape. At first I thought we'd just leave it all as is, but in order to attract higher quality renters we decided to make this house a lot nicer than it currently is. It's one of the rules mentioned in Property Management for Dummies. That requires time and since escrow would've closed in early May we didn't have enough time. Getting out from under that deal feels like a load off and now we have all the time we need. We're under no schedule except that I'd like to be renting it before next year so the improvements will count as write-offs for a rental property.
Just bringing you up to speed here. Now you know.
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