Thank goodness! Maybe I'll hold off on full amens and hallelujahs till we get everything signed, but my husband talked to the renters yesterday and they are interested in renewing their lease!
Oh thank goodness!
Things at work are well, let's just say in a state of upheaval, for both of us at the moment and our stress levels are pretty well through the roof. I am so glad that this is not one more thing to worry about!
The thing about renting the condo is - this is an absolute for us. I bought the place 5 years ago at the HEIGHT of the market. When we realized we were outgrowing it and it was actually finally a good time in the market to buy last year, there was just no way we could sell it. We'd lose WAY more money than we have to lose. So we rented it (there are myriad posts from last fall on that little oopsie of renting it before our new place was finalized, but I digress). We figured we'd have to hold it at least a few years - till the price recovered some and/or till we could AT LEAST write off some of the loss.
And we got lucky (OK, maybe not all luck - my husband was great about vetting everyone, but also lucky). We got GREAT renters! Exactly what you want in your renters - quiet, possibly kind of nerdy (I say this as a nerd), young women who not only pay their rent on time but tend to send the checks about a week early!
Yeah, we've been called out to fix some dumb stuff and switch over the thermostat from hot to cold. But really - a small price to pay for otherwise low maintenance renters who pay on time.
But my ever increasing anyway stress levels started to get another shot of adrenaline as I realized that their year lease was almost up. Oh man, what if they don't renew? How will we show the place when they're living there? What if we don't find someone? We can't afford NOT to find someone. And worry, worry, worry.
But my husband called yesterday and they plan to renew. He'll bring over a lease for them to sign next week - and then AMEN and HALLELUJAH!
Friday, July 2, 2010
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How very fabulous!! I know that renting out my townhouse has become more of a hassle than anything else - too bad we'd lose about 150k in order to sell the darn thing...yeah - no way!! An early congrats to you!!
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