Monday, August 01, 2011

Feather-rented! Again!

My old house at 75 Arlington recently became vacant. The girls that have been living there have subletted since the end of school. So, they gave me the required 2 months notice at the end of July. They also mentioned that the subletters were going to try to take over the lease, but some of them were currently out of town.


After about two weeks, the subletters let me know that they would not be taking the place anymore. Since I didn't have anything signed with them, I had no recourse. Instead, I had to post on Carleton's housing website.

This time, the calls did not come in as feverishly as when I posted 73 Arlington a few months before. The calls did come in eventually, and I met some nice 4th year and grad school girls that were seriously interested in the house. Not wasting any time, I got them to sign a lease and pay up first and last month rent.

Overall, my three properties have had new tenants this year. As stressful as it is, it has meant that I can charge more for rent than I did last year. I now collect an extra $350 a month in rent. It goes a long way into making these properties more affordable. I am even seriously considered doing a major bathroom renovation.

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