Monday, August 06, 2007

Free Rent!!

So we are now officially managing the Rose Anne Apartments where we live. In exchange for our services we are living rent-free, which is awesome. It's going to help us out in a huge way. We'll be able to get out of debt and build up our savings. We only plan on doing it for a year or so. By then we should be in great shape financially, and ready to move on.

We had our first training meeting on Saturday morning (which took OVER 3 hours). We're both feeling a little bit overwhelmed with our responsibilites, which include :
  1. Collecting rent from the other tenants
  2. Issuing "3-Days to Pay or Vacate" notices to tenants who's rent is later than the 5th (we'll be issuing three of those tonight... aparently it's kind of a big problem at the R.A. apts.)
  3. Taking calls for maintenance requests and scheduling the maintenance man to come fix things.
  4. Keeping the property grounds looking nice.
  5. Listing and filling vacancies
  6. Preparing vacant apartments to be rented
  7. Going to the main office at least once a week to pay bills and enter rent checks into their computer system (which happens to be ANCIENT... it's a DOS program if that tells you anything...)

We have other miscellaneous responsibilities as well. I know it sounds like a lot, and truth be told, I had no idea how much would be involved in managing. I just keep telling myself, "It's only 1 year. Free rent! It'll be worth it!!"

We really are counting this as a huge blessing for us. Hopefully we'll be able to handle everything!

1 comment:

Patrick said...

Congrats! The free rent'll be worth it... but barely! We wish you the best and hope that you don't have to translate for the cops at 3 am. Let the force be with you.