LIVING OFF DIVIDENDS & PASSIVE INCOME

One of the tenants on my Salt Lake City properties are late on the rent. Well, they’re not late, they just haven’t paid for a few months. Nothing but excuses and sob stories. I had taken them to court in June for non-payment of rent and instead of leaving, they requested the judge for 2 weeks during which they paid up. Its not that they’re flakes. They have an option to purchase the house and they really want to do that. Its just they’re have poor money management skills and no concept of financial planning. They had promised me some money by the 25th November. Today I got an email with some more sad tales of family trouble. Its either that or the husband health problems.

I basically told them that they had to tell me when and how much they were going to pay me the next week or I was going to have them move out. No one likes to evict people the day before christmas so I’m trying to get a head start!

Should’ve been more stern with them but I felt sorry for them. The husband had genuine heart problems. Anyway, if I don’t get paid soon i’m going to be in the hole myself. I just paid $6k for the landscaping on the same house plus i haven’t received rent for a few months. Atleast the house has great curb appeal and should rent out much quicker now.

• $2,811 In Passive Income For April 2008 I was so busy in May that I completely forgot to post April's passive income summary. On the bright side, April was a been a record breaking month for me with total "passive" income amounting to $2,811.42. On the flip side, I've been so busy, I haven't been paying attention......
• Tenants Get The Bishop To Pay Rent! I got an envelope from the Jesus Christ Church Of The Latter Day Saints in the mail today. In it was a check for 1 month's rent for a property in Utah. Apparently, the tenants were so scared I was going to evict them, that they somehow convinced the Bishop......
• What Is Jim Rogers Buying Now? A couple of days ago, legendary investor, commodity bull and one-time partner of George Soros, Jim Rogers, was interviewed by Betty Liu of Bloomberg's Singapore office. It seems that Jim Rogers is also of the opinion that Fannie Mae is going to lose a lot of money along with other......

• 10 Tips For First-Time Apartment Renters. So, you are looking for your first real apartment, huh? Time to start paying the rent? Yea, it stinks, I know - I have been paying rent now for 13 years. And although I want to buy a house, in this market in my neighborhood, it's just not going to......
• What You May Not Know About Personal Finance Unless you’ve taken some courses on handling finances, there is a chance that you may not be aware of a few of the key points about budgeting, managing your money and planning for the future. While a lot rests on common sense, there are a few techniques that everyone can......
• Three Ways to Fix Up Your House - The Outside If you are trying to find some quick and inexpensive ways to get the outside of your house shaped up, there are numerous options. We’re going to cover three of the best that can transform any home into a showpiece, with a minimal investment of time, effort and money. You......

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