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Tag Archives: budgeting for a rental property

Rental Property Series: Overcoming Setbacks

I only planned on updating this series every couple of weeks, but so much is happening with the rental right now. Waiting two weeks would make a super long post, and I tend to be on the wordy side anyway. If you are new to this series, you might want to start by reading these. Rental Property Series: Buying Our First Rental Property Rental Property Series: Renovating Our Rental Property As a brief recap, We purchased this property on August 24, 2012 for $63,000, with 25% down. We plan on spending $3000-$5000 on renovations. We hope to be done and have a renter by October 1. We are using a property management company and are asking $750/mo for rent. What we’ve done this past week Hubby finished installing the vanity and faucets in the bathroom. It needs some shims for leveling, but it is working, and we now have water. We are still waiting on our toilet to be delivered. We were told the Home Depot ones aren’t as durable. That’s  funny because our home toilets are from Home Depot and they stills seem to be fine after 8+ years. Maybe renters are harder on toilets? I really don’t want to think too much about that one! Anyway, we ordered one from ...

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