On Sunday, my wife and I loaded up the van and the kids and took a drive to see six of the properties. The others are located further away, and none of the kids were very happy with the trip, so we didn't get to see the other six properties. Of the six we saw, four of them have tenants and two are empty. What surprised both of us about the empty houses was the fact that there was no signs in the front yard. You'd think if the owner has an agreement with the PM company, the company would be agressive and put out a "For Lease" sign at the very least. One of the properties was even starting to grow some nasty weeds in the front yard. And that was the only house that had a little window that I could see inside. The other empty house had its blinds drawn shut all around the house.
One thing I've noticed since first being informed about these properties is that I was initially VERY excited about this deal. I'm thinking now since the owner is procrastinating, it has cleared my mind a little to the reality of the situation. IOW, my emotions in this deal have gone from exitement to none-caring. Perhaps this will actually work out best for me in the end.
Here are front elevation shots of the six houses we saw ...
House #1: 2002, 2-story, 2223sf (Rented)
House #2: 2004, 1-story, 1722sf (Rented)
House #3: 2004, 2-story, 2025sf (Rented)
House #4: 2004, 1-story, 1606sf (Empty)
House #5: 2003, 2-story, 2276sf (Rented)
House #6: 2004, 2-story, 2426sf (Empty)
1 comment:
I think he's procrastinating for one of two reasons - 1) he is, like Dunwoody says, not willing to put the time in for this or 2) he is shopping around and waiting for other offers. Don't get attached to a deal. Give him a deadline and stick to it. When it passes, tell him the deal is off. If he is in trouble, some time may pass and he may call you back. Now you have the upper hand and you can negotiate even better terms.
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