Life of an Investor

27 January 2009

An update on our property

I talked to our property manager this week and was disappointed, but not surprised by the news of our building. Basically people have been calling about the units, but when they hear what size it is and what the price is, they never hear back from them. So, in an attempt to get someone in there, we have dropped the lease price by $100 a month. That should get us some more interest.

Within a few days of making that change, the manager told me that we are already generating more calls, and setting up showings for this week, so at least it is a step in the right direction. We are beyond ready to stop paying for the mortgage and utilities with no income coming in.


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