Tuesday, March 18, 2008

Time Is Running Out For Rental #1

Well, the potential renter never panned out and my rental is still empty. There have been some other people who looked at the place and, according to the property manager, the problem is with the trashy neighbors. Not only do they have a habit of throwing their trash into my yard, but apparently they don't keep their yard too tidy either. So, in an attempt to fill the place, I've lowered the asking rent back down to $750, which is what it was rented at before. I'm waiting two weeks. If it isn't rented by then, I'm also going to list it for sale. I really would hate to sell it because, even at $750 a month, it had some nice cashflow. But if no one will rent it, the cashflow isn't there.

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