A Signed Lease

Let's go through a little recap here:

​March 3rd to March 5th - Visited Indianapolis to meet with PM/contractor and walk through completed property. Property was still vacant at the time. I gave them the verbal OK to market the property and get it rented ASAP.

March 22nd - Sent check-in email to get status of renting the property. No response.

March 27th - Sent another check-in email to get status of renting the property. This time I got a response from the CEO saying the property was rented and fully occupied.
​
TODAY
Received a copy of the signed 12-month lease. Rent is set at $750 per month. My first rental payment will come through via direct deposit for the amount of $600 ($750-$150 new lease fee). Every month after that I'll receive $675 ($750 - $75 Property Management fee).

SO, it's been 3 months since I closed on my property. The place has been renovated and is officially rented! Don't get me wrong, it's been a long 3 months, but I'm excited and happy for what could transpire. I know I'm no where close to becoming financially free, I'm no where near being "out of the woods," on this property, but I've taken the first step and hit some milestones. Let's see how this rental plays out and what the next 6 months, 1 year, 3 years, offers.

I've learned A LOT these past few months and will continue to gain knowledge everyday.

​-Tyler

NEXT POST: First Rent Check