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Passive Income Dude (YR 3): Passive Income Report: April 2018, Disaster Strikes!
Disaster finally strikes!
I’ve always been concerned about my rental properties having multiple, large expenses all in the same month. But thankfully this hasn’t really happened…..until now.
During the month of April I had over $960 in real estate-related repair costs. $960.88 to be exact! Wow, almost $1k of expenses in a single month.
This huge number, as you can imagine, wiped out my cash flow.
When I first started Passive Income Dude, my first report for the month of April, which occurred last year in 2017 was the first month ever where my properties in sum produced negative cash flow. Believe it or not, I only had two active rental properties last year (in April), and my cash flow for that month was -$11.74.
Well apparently April is a bad month for me because this year’s total was nearly similar!
The “good news” of this month’s report, however, is that despite taking a giant $960.88 assault on my cash, I still came out positive for the month…barely. See below for the details:
Dividends and Rental Income Received
Though it may look like several of my properties did well, and that it was just the Missouri property that was bad, that isn’t actually the case. Here is a detailed list of the expenses for this month below:
As you can see, THREE properties had repairs at $100 or more this month. When it rains, it pours! But, another sliver of good news – these three properties all have property managers, so the work I actually had to do to complete these repairs was about less than 1 hour for the whole month. Sometimes it is nice paying for this service, and this month is an example of that. Very little work required by me, despite a lot of activity and attention needed. Still, it was not fun to see $960 wiped out from your monthly cash flow.
This month had another bit of a silver-lining because I continued to contribute to the mutual funds in my portfolio and have now maxed out my ROTH IRA for the year and am only several thousand away from maxing my wife’s ROTH IRA as well. This means I completed GOAL #5 for the year, which is great! Diligent, steady, disciplined investing…
This is only a snippet of a Passive Income Article written by firstname.lastname@example.org (Passive Income Dude)
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