The Joys of Investment Properties - 2020 Edition

Slight sarcasm in the title, if you couldn’t tell.

In all seriousness, investment properties are really not that much of a hassle, but we only have a select few as we manage all of them ourselves. Ordinarily, these properties don’t require any more or less maintenance than a personal home.

But, as we all know 2020 is not an ordinary year.

Last month there was a car accident that happened at an apartment building that we own in a neighboring town, and a car ended up crashing into the building. No one was hurt in the car or inside the apartment, which was obviously the first priority. There was, however, significant damage to the interior of the building.

Structural people immediately checked the building, and it was determined to not be a hazard (tenants could remain in the residence).

The interior damage was to the kitchen of the affected apartment, and as you can see below it was a total loss.

So after some cleanup, the exterior wall and window were replaced and sealed up.

The remainder of the project consisted of replacing appliances, flooring, drywall, paint, cabinets and countertops. It was definitely an unplanned event that required quite a bit of shuffling schedules and etc, but luckily we are (fairly) organized and could make the necessary changes. It was definitely a learning experience, but things happen!

I will leave you with some photos of the new kitchen, which definitely brings a fresh look to the apartment. I hope we can all make it off this rollercoaster ride known as 2020, but until then we just have to press on.

Bonus: no more microwave on the counter!

Cheers to new kitchens!

-Rachael