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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.
may 2018 update (+$353)
No issues this month and finally close to breaking even for the year.
April 2018 update (+$353)
No issues this month.
march 2018 update (-$1,556)
As discussed below, the team in Indy is repairing the leaky basement. These repairs have been expected for months so I've been easily prepared for it.
february 2018 update (+$353)
Another good month, but this is the calm before the storm. I've been dealing with ongoing issues with water getting into the finished basement in the property, and I feel like I'm talking to the PM about it every other month. We are finally going to mitigate it, and it's not going to be cheap. Mitigation will include installing a buried leaching basin and extending drainage from the sump pump and rear downspout into the leaching basin. Water sucks!
january 2018 update (+$353)
Another month of no issues on this property.
december 2017 update (+$353)
No issues this month, and rent continues to roll in.
November 2017 update (-$429)
An $800 furnace issue caused the negative cash flow this month. These things happen.
October 2017 Update (+$353)
Another month of no issues, but I'm waiting to hear back on the plan to fix the basement / water issue. Still expecting some expenses to come from that, but they just haven't hit yet.
september 2017 update (+$353)
First official update for this property. I have been happy with performance so far this year, but I just heard from the turnkey provider/property manager that there will be some more expenses coming up soon. The bottom line is that this property sits on a high water table and there is water pooling up in the back yard and there is also periodic leaking in the basement. Hopefully the expenses will proactively mitigate the problem and minimize future issues. The team on the ground in Indy has been excellent so far in dealing with a difficult situation, especially considering that we have a less than happy tenant.
January 2017 - august 2017
Finally starting to stabilize this property.
September 2016 - december 2017
Still experiencing some lingering clean-up expenses from the flooded basement.
July - August 2016
Basement flood in this property totaling over $5K in damages.
Acquired this property at end of May 2016 from a turnkey provider in Indianapolis.