Journal Entry: August 11, 2006


We lost our renters in Tulsa.

Seems they disappeared, and their July rent check bounced. That leaves us with no rent check for August (although the mortgage has already come due and been paid), and means that even if our manager there got us new tenants tomorrow, we wouldn’t see another check until October (he gets first month’s rent as part of his pay for managing things).

The good news is, he’s been by the house and he says they left it in pretty good shape. Most times, you don’t get that treatment from tenants.