6/19/2006 Building remodel and property updates

I have finalized lining up the contractors for remodeling a retail store in a commercial building I have. This building is where my office's are located. The contractors will be removing the concrete floor and repouring it. They will also remove the 8 foot tall outdated windows and completely replace them. I've just finished getting all the electrical work contracted out as well. I will try to get some before and after pictures up. The work should begin next week. I have an appointment with the city to finalize the building permit tomorrow.

I haven't heard back from my duluth realtor yet, I was going to call her today, but spent most the day talking with contractors. I'm hoping to give her a call tomorrow for an update on the value of the lester park piece.

My apartment property managers have rented out another apartment in our fourplex. They had to rent it out for a little less than I was hoping, but they made up for it by renting out the garage as well. They are renting out the garages for $40 per month, which helps me create an extra $200 per month. Until recently we were including the garages with the rent, but this is yet another way to create an additional income stream.

Well that's it for now. I'm hoping to add alot more content to the cleverwealth.com site this week. The site keeps getting more traffic, which gets me excited and wanting to add more content. Please drop me an email if you would like to provide some content as well. This site is deisgned to be a resource for all of us. I am hoping to set up a chat system soon so we can chat online in a chatroom at organized times and hopefully help eachother out.