Author: SheReadyLLC

SheReadyLLC

The Neighbor Paid For Damage To My Porch

A couple of months ago, I wrote a blog post about receiving a message from my Property Manager.  The neighbor’s dog had come upon my porch and tore up the carpet. 

That was in August, it’s now October and my Property Manager sent me a text of what the porch looks like now.

It is decorated beautifully for the fall weather. It looks like a porch you would see on HGTV. It has a dark brown carpet now. The tenant decorated a couple of end tables with orange and white pumpkins on them. She also has a scarecrow and fall welcome signs.

It’s all so tasteful and I couldn’t be more pleased to have someone taking care of my property. It has a special place in my heart since it was the first home my mom bought and paid off. As long as I own it, it will always remain part of our family.

If you read the first part of this story, check out the blog post.

Look What The Neighbor’s Dog Did To My #Property

If you find my blog interesting, please consider following my journey. I greatly appreciate it.

SheReadyLLC

Ending The 2022 MS Tax Lien Auction On A High Note

For the past 2 years, I had 2 goals when it comes to winning tax lien auction bids.

  • Win at least 3 bids per year
  • Don’t lose money

Starting this year, those goals have changed.

  • I am now 2Xing my winning bids. This means instead of winning 3, I’m winning 6 bids per year.
    • The long term goal is to try to get one tax lien redeemed check in the mail every month.
  • Don’t lose money.
    • By this I mean, I will be sticking with my plan to not bid more than a specific percentage of dollar amount so that I set the company up to make money.

During my research, this year, I put a lot of focus on properties where the owners didn’t live in the county or state.

I WON 6 BIDS THIS YEAR!

The properties include land in an existing developed sub-division and single family homes. I stayed within the range of not bidding more than 15% and I hope it pays off.

SheReadyLLC

Applying Tax Lien Lessons from 2020 towards the Upcoming 2022 MS Tax Lien Auction

August 29th is currently the scheduled date for the MS Tax Lien fall auctions.  I purchased three last year and I have only received funds from one of them so far.  I talk about buying tax liens in my ebook Trials and Tribulations of a Rookie Real Estate Investor.

I’m going to breakdown how much money I actually earned on the one I received recently.

MS Tax Lien Redeemed
  • The delinquent amount on the property was listed at  $319.38.
  • I overbid $25.00 which means I paid $344.38.
  • The owner had accrued $57.49 in interest.
  • I received a check for $376.87 less than a year later.
  • $376.87 –  $344.38 = 32.49. 
  • I made a profit on one tax lien of $32.49. 
  • That is a little over 9% interest I earned.

YOU CANNOT GET A RETURN LIKE THAT WITH A REGULAR SAVINGS ACCOUNT!

This year I have a better strategy.  I wrote a 9 step checklist for myself to follow starting from reviewing my past purchased tax liens to placing pre-bids. It’s a similar checklist I have written about in previous blog posts. The checklist is in a specific order because there are things I have to do before pre-bidding starts.  In 2020, I lost money and I wrote about in Another Tax Lien Redeemed and A Lesson Learned blog post.

In order to avoid this moving forward, I will stick to bidding  15% or less.

SheReadyLLC

Look What The Neighbor’s Dog Did To My #Property!!!

I received an email from my #property manager regarding my property last month.

The email provided some updates about my property where some damage had been done by the neighbor’s dog.

Now before I go blaming the dog for the way the porch looks; I will say that when I did my walk through with the tenant a few months ago, this was something on the list to replace at some point in the future.

Neighbor’s Dog Damage

However, as you can see from the picture above, the dog came and shredded the carpet. It was at least all in one piece when I last saw it. My property manager’s first response was to call animal control, but after she spoke with the neighbor. They agreed to cover some of the cost.

My property manager decided to not call animal control for now, however we shall see. It’s now August and the carpet hasn’t been replaced. So this To Be Continued…