I received a check from my agent this weekend. She forwarded me the money my tenants owed me.
Here’s the breakdown:
$555 Rent for November (pro-rated)
$925 One month security deposit
$300 Pet deposit
-$60 Bonus to my agent
$1720 Check amount
Regarding the bonus, there is a funny story to it. I paid my agent $600 to help me find tenants. There was some demand for my house and it was rented out in less than a month. So, my agent called me and asked for a bonus, because she rented out my house in such a short period of time. Many people say that I don’t need to pay her any additional money, but since she asked, I thought about it for a day and gave her a 10% bonus, or $60.
All in all, the real estate investment seems to be running smoothly. My tenants called once to ask for permission to repaint the colors of one bedroom. I told them to go ahead.