Property X
Apt 1- Black Family: $700
Apt 2 – Consuela: $600
Total Rents Received: $1300
Repair Costs: $280 (Maintenance Fee + Gonzalez Thermostat Replacement) (2017: $120)
Water Bill: $160.31 (2017: $70.23)
Total Profit for Anita: $859.69 (2017: $1,009.77)
The people in Apartment 1 called Alfonso to tell him that the furnace won't turn off for some reason. Gonzalez said it was an issue with the thermostat and replaced it with a non-programmable one. Gonzalez charged $160, which let me know that he's still raw about that whole $85 incident back in February. Thankfully, the winter is officially over which means I won't have to deal with Gonzalez's immature ass until November at the least. That should give me enough time to find a more professional HVAC guy. He really makes me remember why I stopped using him in the first place.
Property 1
Apt 1 - Dharma and Family: $525
Apt 2 - Belle and Sebastian: $875
Total Rents Received: $1400
Mortgage: $833
National Grid: $137.99 (2017: $177.40)
Property Expenses: $0 (2017: $0)
Water Bill: $96.96 (2017: $91.64)
Total Profit: $332.05 (2017: $297.96)
The Nepalis once again pissed me off because they now have their little niece sleeping over there, and it really bothers me when she runs around. Naresh told me that she's only there because her parents were in the hospital, but then why do I hear her calling someone "Mama" all the time? My guess is that, in classic immigrant fashion, they wanted to move in the little girl's family as well. But they didn't expect me to make a big deal out of the kid running around. When I complained about the kid to Naresh, he asked, "Have you tried using noise-cancelling headphones?" Yeah, I had enough. Seeing that things the situation was getting worse, Naresh told them to start looking for a new place. Thank goodness!
Property 2
Apt 1 - Nicholas 2: $760
Apt 2 - Edward and Gabby: $750.91
Total Rents Received: $1,510.91
Mortgage: $754
Property Expenses: $0 (2017: $35)
Water Bill: $93.20 (2017: $127.05)
Total Profit: $663.71 (2017: $618.95)
Edward and Gabby may be struggling to make rents, as this month it took $500 in cash and two checks from Gabby's job to make rent at the deadline. That's the reason for the extra 91 cents, as one of her checks ended in the same amount. I'm not concerned, however, as their apartment is in good enough condition for a quick turnover. So is the downstairs apartment, just in case Nicholas 2 screws up. He's supposed to go in for six weeks of training for a new job, and I don't want that change to interfere with my rent.
Property 3
Apt 1 - Chucky: $435
Apt 2 – VACANT
Apt 3 – Rory: $600
Apt 4 – NEW TENANT – Josh: $1,950
Total Rents Received: $2,985
Mortgage: $882
Property Expenses: $889.02 (renovation materials, labor, $100 finder's fee to Alfonso for Josh) (2017: $351.18)
National Grid: $409.56 (2017: $445.31)
Water Bill: $154.44 (2017: $207.90)
Apt 1- Black Family: $700
Apt 2 – Consuela: $600
Total Rents Received: $1300
Repair Costs: $280 (Maintenance Fee + Gonzalez Thermostat Replacement) (2017: $120)
Water Bill: $160.31 (2017: $70.23)
Total Profit for Anita: $859.69 (2017: $1,009.77)
The people in Apartment 1 called Alfonso to tell him that the furnace won't turn off for some reason. Gonzalez said it was an issue with the thermostat and replaced it with a non-programmable one. Gonzalez charged $160, which let me know that he's still raw about that whole $85 incident back in February. Thankfully, the winter is officially over which means I won't have to deal with Gonzalez's immature ass until November at the least. That should give me enough time to find a more professional HVAC guy. He really makes me remember why I stopped using him in the first place.
Property 1
Apt 1 - Dharma and Family: $525
Apt 2 - Belle and Sebastian: $875
Total Rents Received: $1400
Mortgage: $833
National Grid: $137.99 (2017: $177.40)
Property Expenses: $0 (2017: $0)
Water Bill: $96.96 (2017: $91.64)
Total Profit: $332.05 (2017: $297.96)
The Nepalis once again pissed me off because they now have their little niece sleeping over there, and it really bothers me when she runs around. Naresh told me that she's only there because her parents were in the hospital, but then why do I hear her calling someone "Mama" all the time? My guess is that, in classic immigrant fashion, they wanted to move in the little girl's family as well. But they didn't expect me to make a big deal out of the kid running around. When I complained about the kid to Naresh, he asked, "Have you tried using noise-cancelling headphones?" Yeah, I had enough. Seeing that things the situation was getting worse, Naresh told them to start looking for a new place. Thank goodness!
Property 2
Apt 1 - Nicholas 2: $760
Apt 2 - Edward and Gabby: $750.91
Total Rents Received: $1,510.91
Mortgage: $754
Property Expenses: $0 (2017: $35)
Water Bill: $93.20 (2017: $127.05)
Total Profit: $663.71 (2017: $618.95)
Edward and Gabby may be struggling to make rents, as this month it took $500 in cash and two checks from Gabby's job to make rent at the deadline. That's the reason for the extra 91 cents, as one of her checks ended in the same amount. I'm not concerned, however, as their apartment is in good enough condition for a quick turnover. So is the downstairs apartment, just in case Nicholas 2 screws up. He's supposed to go in for six weeks of training for a new job, and I don't want that change to interfere with my rent.
Property 3
Apt 1 - Chucky: $435
Apt 2 – VACANT
Apt 3 – Rory: $600
Apt 4 – NEW TENANT – Josh: $1,950
Total Rents Received: $2,985
Mortgage: $882
Property Expenses: $889.02 (renovation materials, labor, $100 finder's fee to Alfonso for Josh) (2017: $351.18)
National Grid: $409.56 (2017: $445.31)
Water Bill: $154.44 (2017: $207.90)
Application Fees Collected: $40
Total Profit: $689.98 (2017: -$391.39)
Thanks to sudden back pains literally a half hour before I was to start, I couldn't do Apartment 4's renovation on my own like I wanted to. Knowing that Alfonso would charge an arm and a leg to paint the place, I enlisted the help of none other than Damon... who is once again unemployed and really needed the money. He did an excellent job painting the place and Alfonso came in to install a new bathroom sink and finish up the little things. Between the two, I spent about $500 (Damon: $260, Alfonso: $220) just for labor.
I was able to get Apartment 4 rented out before it was renovated by Josh, who ended up paying the security deposit, plus the rents for May and June! That has never happened before, and I was more than happy to accept Josh's money. It feels weird though. I mean, his apartment looked like crap, yet he chose that place over the already-renovated Apartment 2. In fact, Apartment 2 is still vacant. I was close to renting it out yesterday, but the prospective tenant noticed the 2 cracked windows and said no thanks. So it looks like it'll be rented out in May, hopefully to a guy like Josh.
I got a call from someone related to Chuck, stating that he's applying to an adult living apartment after hurting his leg. It sucks that the 94-year-old guy is hurt, but his $435 rent payments were killing me. With him gone, I can charge $650 for that place and Property 3 can finally start living to its potential as a real money earner. The adult-living people sent me a landlord questionnaire which I happily filled out and sent back, and now he is officially moving out in May. Chuck was a good tenant who rarely complained and paid his rent on time every single month. But I'm all about the profit, so I see dollar signs once I get his place renovated and rent it out for over $200 higher.
Property 4
Tenant Latisha: $900
Property Expenses: $0
Water Bill: $32.64 (2017: $45.81)
Total Profit: $867.36 (2017: $854.19)
Once again, no problems at this property. If she keeps this up and the new mortgage is low enough, I could keep Property 4 in my portfolio for a good while.
Net Real Estate Profit for April 2018: $2,553.10 (2017: $1,379.71)
Making $2,500 was okay, but I'm more excited about what's going on with Properties 1 and 3. After over a year dealing with those morons, the Nepalis are finally looking for a new place. I just couldn't take it anymore. They were paying only $525 for a two-bedroom apartment, and all I asked them to do was not bring that damned kid over while I'm at home. They could have easily went to that kid's mom's place and played with her there. Instead, they decided to take a risk and piss me off, so they have to go. And with Chuck leaving from Property 3, I'm removing the last of my low-rent tenants. That's over $400 more a month I'll be making once I rent them at regular prices.
With the closing of Property 5 and the renovation of Chuck's apartment (once he finally gets his stuff out), I have no idea how things will go in May. The only thing I know for sure is that things are picking up. I'm finally starting to see how my future will shape out, getting fair market rents for all my apartments. No matter how good or bad May goes, I'm looking at a pretty bright future as long as I don't slack and stay focus.
Total Profit: $689.98 (2017: -$391.39)
Thanks to sudden back pains literally a half hour before I was to start, I couldn't do Apartment 4's renovation on my own like I wanted to. Knowing that Alfonso would charge an arm and a leg to paint the place, I enlisted the help of none other than Damon... who is once again unemployed and really needed the money. He did an excellent job painting the place and Alfonso came in to install a new bathroom sink and finish up the little things. Between the two, I spent about $500 (Damon: $260, Alfonso: $220) just for labor.
I was able to get Apartment 4 rented out before it was renovated by Josh, who ended up paying the security deposit, plus the rents for May and June! That has never happened before, and I was more than happy to accept Josh's money. It feels weird though. I mean, his apartment looked like crap, yet he chose that place over the already-renovated Apartment 2. In fact, Apartment 2 is still vacant. I was close to renting it out yesterday, but the prospective tenant noticed the 2 cracked windows and said no thanks. So it looks like it'll be rented out in May, hopefully to a guy like Josh.
I got a call from someone related to Chuck, stating that he's applying to an adult living apartment after hurting his leg. It sucks that the 94-year-old guy is hurt, but his $435 rent payments were killing me. With him gone, I can charge $650 for that place and Property 3 can finally start living to its potential as a real money earner. The adult-living people sent me a landlord questionnaire which I happily filled out and sent back, and now he is officially moving out in May. Chuck was a good tenant who rarely complained and paid his rent on time every single month. But I'm all about the profit, so I see dollar signs once I get his place renovated and rent it out for over $200 higher.
Property 4
Tenant Latisha: $900
Property Expenses: $0
Water Bill: $32.64 (2017: $45.81)
Total Profit: $867.36 (2017: $854.19)
Once again, no problems at this property. If she keeps this up and the new mortgage is low enough, I could keep Property 4 in my portfolio for a good while.
Net Real Estate Profit for April 2018: $2,553.10 (2017: $1,379.71)
Making $2,500 was okay, but I'm more excited about what's going on with Properties 1 and 3. After over a year dealing with those morons, the Nepalis are finally looking for a new place. I just couldn't take it anymore. They were paying only $525 for a two-bedroom apartment, and all I asked them to do was not bring that damned kid over while I'm at home. They could have easily went to that kid's mom's place and played with her there. Instead, they decided to take a risk and piss me off, so they have to go. And with Chuck leaving from Property 3, I'm removing the last of my low-rent tenants. That's over $400 more a month I'll be making once I rent them at regular prices.
With the closing of Property 5 and the renovation of Chuck's apartment (once he finally gets his stuff out), I have no idea how things will go in May. The only thing I know for sure is that things are picking up. I'm finally starting to see how my future will shape out, getting fair market rents for all my apartments. No matter how good or bad May goes, I'm looking at a pretty bright future as long as I don't slack and stay focus.
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