Great Weather for Plumbing Issues!

More plumbing issues during the past few days. Just spent 3 hours this morning on the latest issue with a leak from an upstairs bathroom.

Had to go to three different plumbing supply stores to get that naughty looking part on the left - Home Depot did not have it!!

Also have leaking faucet in another unit, so back to Home Depot for new faucet, which will be installed tomorrow morning.

On a related issue, another unit where there were drainage issues causing standing water under units has just had $7k worth of new drainage work performed (paid for by HOA thankfully!) and we are now waiting on a determination on whether or not the furnace will work (tenants living with pluig in heaters for past 6 weeks - thankfully they are understanding of the circumstances).

If it does not, we will be no doubt going up against the HOA to determine who will bear the financial responsibility for repair or replacement.

On the admin side of real estate, my hair is getting more gray by the day! Some really time consuming issues including HOA receiving checks and not cashing them, then sending account to collection with no notification to owner (one of my Joint Venture Partners - learn more at http://www.reiinformation.com/).

More fun stuff when evaluating property tax situation on a property to be told by tax assessors office that there is no such address - Must advise tenant that they are living in a Bermuda Triangle type property!!!

Looking at more houses today and working hard to keep updated on what is happening in industry with all of the new incentives for first time homebuyers, new modification packages etc. Attending several real estate investment club meetings in the coming weeks to promote my Vallejo REO tour on 21st March.