Tuesday, September 3

My Frugal Miser - August Income: $12,581



August was mediocre, as I still have two empty townhouses.  However, one tenant paid his September rent in the month of August, which balances everything out.  My tenant at Townhouse #3 paid nothing in August after making a decent rent payment at the end of July.  I'm very close to evicting him.  My mystery shopping income bounced back nicely, even better than I am reporting.  I decided for simplicity's sake to post my hotel expenses against my MS income, so what you see below is net of my lodging expenses.

I am pretty frustrated with my rental property portfolio.  Of the 10 properties I have in the Birmingham area, only 6 tenants were current at the end of August.  Two of the ten are vacant and two are falling more behind every day.  Something's gotta give!


August Income
$5,567 Mystery Shopping
$6,908 Rental Income
$106 Other Sources
$12,581 Total Income for August

Notes:.  
  • I don't include transactions in my retirement accounts.  This includes rental income, dividends and capital gains and losses.
  • I include merchandising and hospitality work in the mystery shopping category since the companies that I shop for provide this extra side work. 

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