The house I listed in March is still for sale. I fired my agent and hired another one. My new real estate agent is earning his commission. He did several things to make the house more appealing and I also agreed to lower the asking price. I will likely use the proceeds to invest in income-generating investments and to pay down debt. One of the townhouses remains empty. My handyman finished his work recently, which included a number of repairs and new paint throughout the house. I laid new flooring upstairs to replace the carpet. I mailed keys to Birmingham and signed a management agreement with a property manager. I'm hopeful I can get it rented before school starts as the school district has some appeal in that area.
With two vacant properties, my rental income isn't where I want it to be. Still, I did okay in June. We worked two major meetings and I did quite a bit of mystery shopping. I also benefited from a one-time event: my maternal grandfather's estate was finalized, and I received a check for just under $4,000.
June Income $11,505
$1,848 Mystery Shopping
$5,467 Rental Income
$5,467 Rental Income
$4,190 Other Sources
- I don't include transactions in my retirement accounts. This includes rental income, dividends and capital gains and losses.
- I don't include changes in investments from capital gains/losses or dividends. Most of my investments are in retirement accounts anyway, but this category will grow as I start selling my rental properties and I will probably change this policy.
- I include merchandising and hospitality work in the mystery shopping category since the companies that I shop for provide this extra side work.
Could I make a suggestion re the check from your grandfather's estate?ReplyDelete
Do something good for someone else with part of that check -- in his honor.
He'd be so proud...and if it's a nonprofit, you could take the tax benefit.
10% is a good starting point...
Cindy, thank you for the suggestion (great idea!). I do contribute to charity but normally I do not post details of my contributions.Delete