Company Description
This recently renovated Craftsman style ranch home is located in an A.I. recommended neighborhood of St. Louis just minutes away from restaurants and parks.
The following renovations were completed in 2021: New roof, doors, windows, kitchen including appliances, furnace, A/C, water heater & electric service. Bathroom has all new fixtures and a custom tile tub. Newly installed blacktop driveway, & nice sized partially fenced backyard. Outside has a back deck leading to patio/barbecue area. Conveniently located near transportation, airport, shopping, restaurants & entertainment.
The tenant is on a 1 year lease from 1/15/2022 - 1/31/2023 and is paying $875/month. A $75/month rental credit is being provided until the lease ends.
The sewer line will need to be cabled every 2-3 years for normal maintenance due to general usage and tree roots, often times. The cost of this is $150-$200.
Updates:
Update 9/22/2022: The tenant owes a balance of $1,042.83 for September's rent and late fees. The tenant promised to pay soon, but could not give a date. The tenant has also informed the Property Manager that they have applied for rental assistance. Based on the governance survey for rent delinquencies, the majority vote is to offer a payment plan (subject to PM discretion). The PM will work with the tenant on a payment plan in conjunction with the tenant applying for rental assistance. Once the tenant has paid their balance off, you will receive rent back-pay for this property as well as daily rental income moving forward.
Update 10/21/2022: The tenant made a partial payment of $440.60 this month and has an outstanding balance of $1,670. Based on the governance survey on how to handle tenant delinquencies, the winning vote is to offer the tenant a payment plan. The Property Manager also recommends a payment plan, and will be working with the tenant to get them current. The PM will also be filing an eviction in order to increase the likelihood of the tenant receiving rental assistance, which they recently applied for. If the tenant gets caught up on the payment plan, the eviction will be cancelled.
