Setbacks in a rental investment merely teach you about yourself or the systems you use.
Wait, catch yourself if you are feeling sorry for me… Setbacks in a rental investment merely teach you about yourself or the systems you use. It is an opportunity for growth! And in real estate is a capital improvement that is bolstered in the future.
Rental Investment Costs incurred to date are as follows:
Attorney’s Fees                 $268.30
Eviction Services                $1,310.00
Total                          $1,578.30
Haul, Disinfect & Clean          $4,800.00
Total                           $6,378.30
(Less) Security Deposit           $1,295.00
Total Out-of-Pocket Exp           $5,083.30
Always underwrite and double check you have the buffer!