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The top of this page displays a Dashboard Summary of all of my key performance metrics. Scroll down for a detailed month-by-month account.
february 2022 update (-$336)
Paid property taxes.
july 2021 update (-$2,129)
Not a great month here! Paid property taxes, plus some repairs. Also, we got stuck with unpaid utility bills from the last tenant that moved out a few months. Nearly $700!
may 2021 update (+$111)
No issues, just had a tenant pay early last month so May’s rent got counted in April cash flow.
april 2021 update (+$1,093)
Another great month. Paid tenant placement fee to my partner.
march 2021 update (+$1,192)
We turned over one of the units and the new tenant paid 2 months up front, which helped negate the property taxes paid this month.
february 2021 update (+$1,841)
Another good month, and one of the tenants paid extra this month which will make February look artificially high, and March will be low. March will also be low due to property taxes.
january 2021 update (+$782)
Great month.
december 2020 udpate (+$387)
Minor repairs were completed by the tenant which resulting in a rent credit (totally worth it). Great first year of ownership.
november 2020 udpate (+$839)
No issues, and no tax or insurance payments.
October 2020 udpate (-$37)
Paid for quarterly insurance, plus another tax installment. No issues with the property.
september 2020 udpate (+$968)
Another nice and boring month.
august 2020 update (+$432)
Paid another property tax bill, nothing else to report.
july 2020 update (-$319)
I’m starting to make payments on taxes and insurance, as mentioned below, which is the only reason the numbers look low this month. There were minimal issues with the property this month.
june 2020 update (+$1,071)
Another great month. I should mention that the cash flow will look outstanding most months because taxes and insurance are NOT escrowed for this loan. This is our first long term commercial loan which does not escrow taxes and insurance. Therefore, when I pay taxes and insurance those months will look abysmal, but it’ll all balance out by the end of the year.
May 2020 update (+$801)
First update for another partnership property! This is a 2 unit property that we’ve had for awhile, but we held off on rehab until an inherited tenant moved out. As a result, we had higher holding costs, but we’ve already collected some significant cash flow.
This is my first perfect BRRRR in that I was left with zero cash in the deal. This will make the return numbers look funny, so I just put “infinite” in the appropriate fields. This rehab went very smoothly; in fact, the whole deal was quite boring, but in a good way!
The property is in a nice, quiet area, with good tenants, and it’s fully rehabbed. Therefore we expect this property to cash flow well with little headaches. Beautiful!