Jump In Nation, we've got our first major problem. After 11 straight months of consistant rental payments and no maintenance/repair costs...BOOM! I'm finally hit with the first real issue. And it's a big one.
The. Place. Is. Vacant. And I was never informed by my property management company. After getting a tip online from someone on Biggerpockets, I sent a 3rd party company out to assess the situation. To my disbelief, sure enough, there's a lock-box on the front door. Neighbors confirm it is vacant.
And it gets even better! And also very strange....
There's someone potentially squatting in my garage.
Adding insult to injury.
The place definitely needs some work after a year of apparent neglect.
Well, looks like it's going to be a fun next few weeks as I navigate through all of this. #1 priority right now? Get a new property manager. This is COMPLETELY UNACCEPTABLE.
Then I need to assess the damage. What immediate repairs need to take place? Do I fix it up and rent it again? Or do I fix it up and sell it?
Oh yeah, and by the way...I'm closing on My Second Property in two weeks...