Wednesday, October 6

My Frugal Miser - September Income: $3,722

The contract on the property I was selling fell through, which means another month of no income for that home. It was a tough month, made even tougher by an unexpected expense. For my rental properties, I've always deducted the expenses I have in a given month from the total income rather than separating the two (which probably makes more sense). The new unit, combined with the vacant property, really hurt me in September.


September Income
$1,555 Mystery Shopping*
$1,176 Rental Income
$991 Other Sources
$3,722 Total Income for September
*note that the mystery shopping income will always vary from the monthly summary amounts I post. Here I report actual payments received (cash basis accounting) whereas in my monthly mystery shopping update I report the amount I earned for that month.

Notes:

  • The new A/C unit cost $2,600 and the vacant property would rent for $1,100/month.
  • The category "Other Sources" includes non-recurring (or semi-recurring) income since I always seem to have a little something that doesn't fall into the other buckets.

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