Rental Property Report for March 2010

By | April 27, 2010

This post is an update on my rental property in Philadelphia. In this section, I talk about my landlord experience – the good, the bad, and the ugly. All my posts that are related to the rental property can be found in the Rental Property section, including the bad tenant saga series).

In March, I had to fix a small water damage in the ceiling on the second floor of the house. The heavy snowfall during the winter caused a part of the roof to leak and the water ruined the interior part of the ceiling in the child’s bedroom.

I called up my usual contractor to check up on an estimate for repair. He quoted $150 on the phone, but after he looked at the damage in person, he said that the price would be $500. My real estate property manager had recommended another guy, and his price was $200. Since I am on a tight budget, I hired the cheaper guy.

Last month, the roof repair cost $350 and this month the ceiling repair cost $200, for a total of $550. Repair costs add up quick.

Monthly Income and Expenses for March 2010 [PDF link]



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