Gelt Inc: Whirlwind of a day in Bakersfield

We had a busy day in our second home of Bakersfield. We began the day checking up on our rehab fourplex project on Bernard St. Everything was going as planned. It is vital to regularly oversee the rehab of your property so you can cut the time down and keep costs in check.

We have successfully added washer and dryer hookups in these units in order to provide the tenants just one more desirable amenity. We had to be creative when installing these. We installed them in the closet. We had to enlarge the closet openings in order for the tenants to get their machines into the closet. Our plumber and carpenter did excellent work.

We have painted 3 out of the 4 units and are preparing to work on the cabinetry, electrical, and general plumbing issues next.

At lunch time Damian and I attended our first KEDC lunch. We learned all about KEDC and met other business leaders in the community. We are looking to be a part of this excellent organization that does so much for the city of Bakersfield.

Kern EDC is a private nonprofit company dedicated to ensuring a diverse and strong economic climate for all businesses in Kern County. Kern EDC recruits new businesses to Kern County, helps established businesses with relocation and/or expansion efforts and works with local companies to provide economic data, workforce information and facilitation of the regulatory process.

After this meeting we went to check up on all of our properties. Four of our properties are within walking distance to a Boys and Girls Club. We have passed by this building hundreds of times without knowing much about it. We finally decided to go in and see what it was all about.

To our surprise, this facility was state of the art. It had a large basketball court that was bigger than my high school's! They also had a large art room, reading rooms, computer rooms, a kitchen, and much more. We were so impressed with the quality of the facility and the sheer number of children that were there after school hours.

At Gelt Inc. we believe in supporting our local communities where we invest our money and time in. We are proud to say that we made our first sizable donation to this local facility that provides so many activities for the local youth.

It is our goal to get more and more involved with other philanthropic organizations in Kern County.

We are also excited to say that we will be closing on our 8th fourplex acquisition in Bakersfield tomorrow.

Come back to see the continued rehab of Bernard Street and our newest acquisition on L Street.

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Education

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