I've just finished the sit-down with the tenants to hammer down the rules and formal paperwork. I already knew it would be a casual setting but I did my best to keep up appearances and make it as business-like as possible. I may have made a mistake in offering a beer but I digress, it is after all the birthday of our wonderful country...
The meeting went very smoothly and everyone walked away happy. The only thing that will really change is my request for post dated cheques as opposed to cash. In my experience it was harder to see the money go (IE paying rent) when it was in the form of cash-in-hand. Also it saves me the chore of going to their door like an idiot the first of every month. I don't want to be the landlord that is only seen when the rent is due.
One of the tenants actually said to me as he handed over the cash, "doesn't that feel good?" and yes.
Yes it did.
It still baffles me why so many people think that owning income property is a good idea but do not do it themselves. EVERYBODY should be able to do this. It's great! Obviously some obstacles down the road will change my tune on that remark but until that time comes, (and that's why I have this blog) I'll enjoy the fruits of our labour. And yes, labour IS spelled with a "U" here in Canada.
Happy Canada Day everyone!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment