Jump In Real Estate
  • Start Here
  • About
  • My First Property
    • My Second Property
    • My Third Property
    • My Fourth Property
  • Latest Posts
  • Resources

My First Property

...and it's over 2,000 miles away

A Signed Lease

3/28/2017

0 Comments

 
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
0 Comments



Leave a Reply.


    Browse Topics

    All
    Acquisition
    Property Management
    Renovation


Investing

Start Here
Latest Posts
My First Property
​
Ask Tyler

​Invest with Tyler

Jump In

About
Disclaimer
Privacy Policy
​Copyright
Picture

Let's Connect!

© COPYRIGHT 2022. ALL RIGHTS RESERVED.
  • Start Here
  • About
  • My First Property
    • My Second Property
    • My Third Property
    • My Fourth Property
  • Latest Posts
  • Resources