Tuesday, November 07, 2006

Canterbury - 7th November, 2006

The house sale completed on King Edwards Gardens 2 days ago and we simultaneously completed on another 2 bed apartment which we are going to set up as a serviced rental. We have someone moving in today. All the apartments (4 in total) are now occupied but rentals from the middle of November look very scarce at the moment. Christmas in completely booked and we have already taken a couple of bookings for the new year but we are just wondering what to do in November. Does anyone want to come and visit?

We are both working very hard with Julie on a seemingly endless treadmill of activity. Whoever said moving out of London would be a change of pace? We are still not in a break even position with our income and expenses. I really need to have 8 or 9 properties. We now have 6 including ours (which I am converting into a student / sharers rental property) and the 6 bed student house. The business would be a nice little earner on the side if that's what it was but it's not. It's our prime source in income apart from Julie's part time salary. So we need to keep going with another few properties. We are keeping our eyes open but they are hard to come by here.

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