Subject: Veterans, Time, and Winter

WILMOTH Updates
A quick reference for residential investors from WILMOTH Group. Providing creative solutions, strategy, services and support in the residential investment community since 1994. 
Veterans, Time and Winter

Several important reminders for the next week.

This Thursday, November 11, be sure and thank a Veteran for their service.  Veterans are anybody who served in the United States Armed Forces (that were discharged under conditions other than dishonorable).  We all know somebody who qualifies.  Thursday is their day.  Maybe it is your day?  To our readers who are Veterans, all of the team at WILMOTH want to thank you for dedicating your lives and time to ensuring our freedom!  We recognize this simple newsletter might not even exist if not for your commitment!  THANK YOU!

Another, much less important reminder.  At 2 AM tomorrow morning those of us in the United States (well most of us) will fall back an hour marking the end of Daily Savings Time (aka DST) in 2021.  While offering an extra hour of snooze time Sunday morning, we do not look forward to darkness at 5:30pm.  For us, the change from DST marks the official beginning of winter...no matter what the calendar states as an official date. 

So, winter..that 6 letter word that for many of us means more than holiday songs.  In our line of work, winter means freezing and the risk associated with this phenomenon to your properties.  So, a quick reminder.  We are starting winterizations of vacant homes.  When people move out we will winterize.  We will de-winterize when people are moving in.  Yes, it costs a little money (approximately $125 to winterize and $75 to de-winterize) but it is a fraction of what you will incur if the power goes out in your property.  If that happens, there is no way to heat.  So, only bad things can happen from there.  Like the cost of water and mold mitigation after pipes burst.  Then the repairs to those burst pipes.  Easily $5k and more like $10k!

So celebrate Veterans this week while resting more comfortably that your PM has your investment covered.  Like a warm blanket.  

Cheers!
WILMOTH Team
When A Tenant Breaks Their Lease-What Are Your Steps To Recovery?
What happens when a tenant breaks their lease?  Tenants sometimes do not understand that they are in a contract for a set period of time.  Deciding to move out in month 10 of a 12 month lease does not mean the tenant is no longer in a contract to make payments and provide care for the home they leased.  Unfortunately, it is a rare tenant who understands their legal obligation and who does everything possible to cooperate to meet these obligations while vacating the home.

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WILMOTH will be a factor for the improvements in your gross and net income. We can also make many suggestions of improvements that will help appreciation be maximized.
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WILMOTH Group
Residential Real Estate
Property Management | Brokerage | Investor Services
WILMOTH Group, 9855 Crosspoint Blvd. Suite 148, Indianapolis, Indiana 46256, United States
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