People are finally scheduled to move into the apartment building in San Pedro by the end of the week. Lynn is still fighting through the endless details. A hot water heater install, checking all the plumbing and rechecking the gas connections, finishing trim work, and endless amounts of cleaning. When everyone is moved in, we will make a big push to sell the property so we can start another. The property is already on the market for sell and we have had a good bit of interest, but Lynn feels like we can get a better price if the whole building is rented and producing income. The Tesla factory construction start is happening on schedule, but the build out schedule has slowed due to market conditions. That plant is an easy commute to our building so it has an impact on property prices. We are hopefully viewing the slowdown as a benefit. We are hoping to get this property sold and another one or two purchased before things really heat up. We would be quite happy for another year or two before the whole thing explodes into real estate activity.
