Michael Rossi's Blog

The purpose of this blog is to give you a look at the daily life of a rental property owner. It's not all sitting on a yacht like you see on the TV Infomercials! Visit our Website at: www.1MinuteToRentalPropertyRiches.com

Monday, October 13, 2008

Another Liar!

We had a great time Saturday riding mountain bikes at Momba, in Dayton. What a beautiful mountain biking course it is! The trails were almost perfectly maintained and well marked. All of the bridges were absolutely beautiful and several of the bridges were actually curved. It is by far the best course I've ridden yet. We rode every inch of the course and it was just a little over 10 miles.

Today, I ran an application on a potential tenant for my six bedroom house. This married couple looked good and said all the right things. However, after only about 30 seconds of screening, I discovered that they had been evicted in 2005, which they lied about. That ended the screening and I wrote REJECTED on the application.

I did work about 3 hours on a rental today. Nothing exciting, just routine maintenance, including fixing a broken shower handle. I also did a little stock trading today, selling a covered call (option) on the Ford Stock that I bought. I'm expecting that the stock market will be going lower in the very near future. I'm afraid that all we've seen is a bear market rally.

This is going to be another short week. I'm taking another 4-day weekend to go camping, probably for the last time this year. We'll be gone Thursday through Sunday and will be riding two or three different mountain biking courses. Should be a lot of fun.

2 comments:

Ryan said...

What company/service do you use for background checks on tenants?

Oh and thank you for this very informative blog. I'm a long time lurker, first time poster.

propertymanager said...

Hi Ryan,

I don't use a service, I do them myself.

Mike