My Favorite Time of Year

by FI Fighter on December 6, 2015

in Progress, Real Estate Updates, Thoughts

lights - 1

Screw cash flow… It’s overrated! 🙂

Seasons Greeting!

Day 1:

text

Day 2:

text2

 

This is my favorite time of year… but I’ve still got a lot of work to do…

 

Fight On!

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{ 4 comments… read them below or add one }

1 No Nonsense LandlordNo Gravatar December 6, 2015 at 5:42 pm

Are you selling real estate full time now? Or are those texts from tenants?

Reply

2 FI FighterNo Gravatar December 7, 2015 at 6:52 am

Eric,

Those are texts from tenants. Just finding a way to give back, especially to those who always pay on time and make my life infinitely easier.

Happy holidays!

Reply

3 Midwestern LandlordNo Gravatar December 6, 2015 at 8:58 pm

Nice to see that you are rewarding your good tenants. Particularly with owning rentals out of state, it certainly builds good will.

While I have not gone the route of gift cards with my tenants, I make it a point to provide excellent customer service. Instead of putting band aids on things, I buy top of the line new items and over improve even when it does not necessarily call for it. The way I look at it, it is improving my property and is a tax write off. Plus, I am showing my tenants that I really do care about providing them a very nice place to live.

Reply

4 FI FighterNo Gravatar December 7, 2015 at 6:56 am

Midwestern Landlord,

Definitely, and I think those little touches do make a huge difference; I try and buy high quality (but still affordable) replacement items as well that not only look good but will last for a long time.

I don’t mind plowing some of the cash flow back into the property… And keeping your best tenants around long-term is essential. I’d rather shell out a few bucks for some well deserved gifts every now and then as opposed to having to look for a new tenant and having to deal with another vacancy/repair situation again and again. Nothing will decimate cash flow like a vacancy, as I’ve learned over the years!

And lastly, it feels good to give back 🙂

Take care!

Reply

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