Now that the holidays are over, we can finally get back to business! As I've said before, the rental business (and many other businesses) just absolutely die during the holidays (from Thanksgiving until after New Years). People are thinking about Christmas; buying presents; traveling to Grandma's house; parties; and other things not related to working. It's a nice time of the year from a social standpoint, but a very dull time from a business standpoint. Fortunately, that will end beginning Monday (January 5th) as people return to their normal routines.
Needless to say, I'm not immune to the Christmas holiday season. My wife and I attended several parties; bought Christmas presents; had a two day Christmas celebration; participated in the Christmas Cantada at church (no, I didn't sing); and even hosted a New Year's Eve party. We had a good time with family and friends, but now it's time to get back to business.
Since New Year's Day was the 1st, rent collections this month will be concentrated during a 3 day period (the 2nd through the 4th). For that reason, I will collect more rents on those days than is normally true. I collected a bunch of rents yesterday and also fixed a wobbly toilet and touched up the paint in a vacant 2 bedroom house. Today, I'm planning to take a deposit to the bank; collect more rents; and do a little preparation at one of my 3 bedroom houses for Monday's annual Section 8 inspection.
I've been slacking off during the holidays and haven't been posting my blog regularly. Now that the holidays are over, I'm planning to get back to posting on a regular basis.
I hope you have a happy and prosperous New Year!
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
Saturday, January 3, 2009
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