Finally Seeing Some Daylight
The Old E Baltimore project is finally moving again. The old contractor is out of the way, at least for now. The new guys have the deck, fencing exterior doors and most of the patch up work completed. The punch-out work can sometimes take just as much time as the larger projects. I must admit that the majority of the delay is due to my inability to get around. Getting back on my feet took several months and is still a work in progress. Health problems can derail a business, especially when you are the business. Make sure you plan for situations like these by having at least six months of mortgage payments in savings. Also look into purchasing long/short term disability.
The last items on the list are the range, refrigerator, gutters/down spouts, plumbing and cleanup. The plumbing work is a story all by itself. The problem is mostly due to the contractor’s use of the toilet even though it was not working. I’m not even sure if the toilet is any good, let alone the fact that the water isn’t even on in the house. The toughest part of this real estate investing business is working with contractors. If you have a weak stomach, find something else to do. Needless to say this will be a messy job for the next plumber. I sure hope he has a mask…
Next up on the list will be the city inspections, followed by the section 8 inspections. I’m sure I’ll have a whole new to do list soon.
