Wednesday, July 1

My Frugal Miser - June Income: $11,505


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
$4,190 Other Sources

Notes:.  
  • 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. 

2 comments:

  1. Could I make a suggestion re the check from your grandfather's estate?

    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...

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    Replies
    1. Cindy, thank you for the suggestion (great idea!). I do contribute to charity but normally I do not post details of my contributions.

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