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Sold/Tenants/TP

March 26th, 2020 at 04:56 am

Well, we closed on our Florida home and although a bit sad, I am relieved and grateful to find a well-qualified, conventional loan buyer. Due to COVID-19 lockdown state order we closed through a conference call Notary service. Different experience but efficient and painless. Our furniture is in storage but we hope to be able to retrieve it during the summer (hoping and praying). My brother has been a huge help with moving things out of the house. As I mentioned before, we lost a considerable amount of money due to realtor fees. Lesson learned.

On another note, 3 out 4 tenants are not working. This will most likely mean that we will have to withdraw from savings to pay these mortgages and we are prepare to do so. We will not pressure our tenants nor stress them out. They are good to us in terms of paying the rent and keeping up with the apartments. Besides, we have a heart. It will be an I owe you.

I'm out of work but still getting paid and I am so very thankful. Many of my family members are not working and struggling. My husband will file for social security benefits in July (75%/age 62). He won't collect until October. We are on our second week of not stepping foot in the supermarket. I hope to stretch thing until the first week of April. TP stash is very low but I found a solution to our problem. It helps that I am the only female in our home. Besides, I have a ton of paper towels and there is nothing water and soap can't clean. Smile

Well, that's it for today. Please be safe and well.

Posted in Uncategorized | 7 Comments »

7 Responses to “Sold/Tenants/TP”

  1. Wink Says:
    March 26th, 2020 at 12:47 pm 1585226830
    1585226830

    How very kind of you to help your tenants! I just saw on the news there were over 3 million first time unemployment claims. So many people are struggling.

  2. rob62521 Says:
    March 26th, 2020 at 06:27 pm 1585247246
    1585247246

    You are very thoughtful to think of your tenants. Hopefully this will soon pass and people can get back to normal.

    Glad you could close on the house and that is off your plate.

  3. GoodLiving Says:
    March 26th, 2020 at 06:42 pm 1585248139
    1585248139

    I'm glad you were able to close on your FL house during this strange time. We have friends who are in the middle of selling and buying to move to FL. Since we recently did similar at the end of the year, I know how stressful it is but add this and the move across country has to be stressful.

    I'm glad you're reasonable landlords.

  4. Lucky Robin Says:
    March 26th, 2020 at 10:09 pm 1585260582
    1585260582

    Just don't flush paper towels. They are clogging up pipes, sewer systems, and septic tanks all over. They are not designed for that use. You probably already know that, but I am just reminding everyone when I see it anywhere, because a lot of people are doing it.

  5. GratefulSaver Says:
    March 26th, 2020 at 11:10 pm 1585264228
    1585264228

    LR, no flushing paper towels especially since we have a rather delicate way (injector pump) to send waste through our sewer.

  6. creditcardfree Says:
    March 27th, 2020 at 02:36 am 1585276584
    1585276584

    I've heard if you have two ply you can turn into one ply and double your stash. Not sure it's worth it, but it's a thought. And this is why landlords have to have EFs to handle lost rent payments!

  7. GratefulSaver Says:
    March 27th, 2020 at 01:42 pm 1585316547
    1585316547

    ccf, yes, emergency funds for people with investment property is a must.

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