July 19, 2010

One more business left town

We own a property that we rent out as a used car lot. The lot had been vacant for a year and someone rented it to do small engine repairs. Jet skis, motorcycles, lawn mowers etc. He had been there almost a year. He was a great tenant. Paid the rent on time, we didn't have any complaints from the neighbors about him or his business. It seemed he was making money and earning a living.

He had been at another location for several years before moving to our property, it seems the landlord there was raising the rent so he moved. He was a good businessman, an asset to the community.

Last week he came to visit me and said Frank, I am going to vacate the property even though I have a couple more months on the lease. I am taking my business and my family out of Arizona. I am starting over in another state. He was a hispanic, and like a lot of hispanics he was concerned about the law that takes affect in a few weeks.

I wish him and his family well.