Our tenants skipped town last week. They left two truckloads of trash, the stench of cigarette smoke, and disgusting bathrooms and floors. The state of the apartment was not a surprise. During some routine maintenance to the AC unit, Rob noticed the cigarette smoke, and the general disarray of the unit.
At that point, we informed them that we would start eviction proceedings if they continued to smoke in the unit. They stopped smoking indoors, but the stench lingered on.
Our former renters paid the rent late in July, later still in August, and now they are gone. For being the type of people who skip town without cleaning, they've actually been great renters. For 18 months they paid the rent on time and in full. Aside from the smoke and routine wear and tear, they didn't damage the unit. Plus, they had the courtesy to inform me that I could dispose of their crap.
These are a few lessons that I've learned from my rookie landlord experience.
A few weeks ago, the US stock market officially entered the third longest bull run in US history. At 2370 days long, it seems like stock pickers can't miss.
From a practical perspective, these are a few things you should know:
Above all, investors today need to remember the maxim, "Trust in time, not in timing."
Except for me. I'm the exception to the rule. Let me explain.
I'm a wife, a mom, an employee, and a personal finance nerd who is devoted to spreadsheeting my way through life.