Company Description
This property is an occupied fully renovated 3 bedroom 2 bathroom home with the following renovations just completed:
Updated kitchen, new bathroom, new laminate flooring, sanded & sealed hardwood floors, new carpet in 2nd floor, new vinyl plank flooring in bathroom, epoxy basement floor, 2 new windows, new house roof, repaired plumbing, new furnace, new hot water tank, new thermostat, new light fixtures, new garage roof, repaired sidewalk blocks, landscaping, interior & exterior paint.
The resident is on a 1 year lease until 07/31/2022 and is paying $1,075/month. The tenant signed a 1 year lease renewal at $1,120/month starting on 7/31/2022 and ending on 7/30/2023.
This property comes with a 1-year Home Warranty.
Updates:
Update 6/9/2022: This property has officially migrated over to the new Property Manager, B2B Realty, based on the results of the prior governance vote. Because B2B Realty charges an 8% Property Management fee instead of the previous 10% fee, the Annual Cash Flow of this property has increased from $7,919 to $8,147.
Update 6/29/2022: The tenant has a lease set to expire on 7/31/2022 and is up for renewal. The Property Manager will be offering a lease renewal at $1,120/month, a $45 increase from the current rate of $1,075/month. The PM will send over a signed lease if the tenant accepts the offer and you will be notified immediately.
Update 8/2/2022: The tenant signed a 1 year lease renewal at $1,120/month starting on 7/31/2022 and ending on 7/30/2023. This is a $45 increase (4%) from the previous rent of $1,075/month.
Update 9/21/2022: The tenant owes a balance for September's rent including a late fee and the water/sewer utilities payment. The tenant has paid on time in the past and did not owe a balance before this month. Fortunately, the tenant has just been approved for $4,555 in rental assistance to pay for rent arrears and future rent payments. The Property Manager is currently waiting for the award to be distributed.
