Saturday, April 12, 2014

100% Rented - Nice Feeling

In 2013, we bought 3 properties.  We got them all rented pretty quickly but the first one we bought in 2013 went vacant for about 4-5 months at the end of the year.  April 2014 is the first month where all of our properties have been fully rented in a while.  Fortunately, with the properties we own we can be vacant on 2 of them and still pretty much break even.  You always want to have 0% vacancy but there will be times when it's not the case.  Hopefully we can run at full capacity for a while, build up that bank account and get our first Multi-Family this year.  There isn't much to report as we've been pretty stagnant trying to build up some cash for that big purchase.  We'd like to buy one on our own before we go looking for capital.

I did release a new version of my real estate calculation spreadsheet.  I fixed a couple of cosmetic items and added a new section for misc income so it applied a little better to larger properties with supplemental income.  Here is the link to it.  For a limited time, offer $2 for the spreadsheet and I'll accept the offer.
http://www.ebay.com/itm/190905341882