The past couple days can be summed up as: frustrating. I'm not angry or anything, just frustrated. I'm now seeing the difficulty in investing out of state and 2,300 miles away. Communication is challenging from a different state. I mean, by default I'm already 3 hours behind in the day due to the timezone! Not being able to be on-site and see visible progress, is a whole separate beast, and takes a lot of trust. Here's a recap of the past couple days:
January 27 - Got another call from the Acquisitions Manager, who provided additional follow up on the renovation phase. He noted that CEO of the Turnkey Company was in the loop on my situation and understands my frustration with communication.
Received a call from CEO and spoke with him for a good 15 minutes this evening. He was very kind, understanding, and provided updates on my property as to why things weren't going as smoothly as I hoped. He promised progress pictures of each line item on the Scope the following week.
January 28 (TODAY) - Received additional progress photos. With construction starting the day after Christmas, we're now a little over 4 weeks into the renovation phase.
Bottom Line: progress has been made! We're getting closer to a rent-ready property. We're getting closer to placing a tenant. And I'm getting closer to receiving monthly rent checks! Below are a number of renovation progress pictures:
Remember the "BEFORE" shot from December 2016?
Here's where we currently stand at the end of January 2017
-Going back to trust...you've got to trust in your strategy and you've got to trust your connections and relationships on the ground. It hasn't been a smooth ride, but as I said before, progress has been made, and that's a major positive to be happy about.