July 2024 Dividend Update

 July 2024 Dividend Updates

I am almost catching up with reporting my monthly dividend collected.  Folks this is a real money each of the companies paid me to hold their stock. In other words it is the reward for being a shareholder of these companies.   

Without further ado let us review July 2024, updates and see how this is coming along. 

In July 2024, in our taxable accounts we received a total of $749.25.  Wow truly amazing seeing the number growing each month and every year with continue investments and re-investing the dividend until one day when I can start to use it for every day expenses. 

How did you do in July 2024, or the months following that?
We will update August 2024, in the coming days as I catch up with life and work. 

Thank you for visiting,

Dividend Pursuit

Disclaimer: Long on all stocks listed

Disclaimer: I’m not a licensed investment advisor and not an investment professional. This site is only meant for educational or entertainment purposes only. I’m not liable for any losses suffered as a result. Please consult with an investment or tax professional before investing any of your money

April 2024 Dividend Update

 April 2024 Dividend Update

Where has the time gone?  It seems just like yesterday that I update March dividend collected.  So let us recap briefly our Dividend collected in April 2024.

Without further ado…. In April 2024, we collected $815.32 in dividend.  As you know we are not tracking Non-taxable accounts, as we are still 15 years away from access those accounts.

How did you do In April or the months following that?

We will update May and June in the coming days.

Thank you for visiting,

Dividend Pursuit

Disclaimer: Long on all stocks listed

Disclaimer: I’m not a licensed investment advisor and not an investment professional. This site is only meant for educational or entertainment purposes only. I’m not liable for any losses suffered as a result. Please consult with an investment or tax professional before investing any of your money

April 2023 Dividend Updates

 April 2023 Dividend Updates

Wow!!! where have the time gone?  Time is flying by, with a new baby 2.0 Dividend Pursuit I barely have time while juggling work and rental properties.  I self manage these properties and this year we had one tenant moved out and now we have another one.  This time I will be hiring a contractor to do the work to turn the unit over.  We had a walk through this past Sunday and I am waiting for the quote so we can start working on the unit.  

But let us get back to the dividend collected in the month of April 2023.  

During April 2023, we collected a total of $792.70 in dividend wow!

The dividend was break down as follow: $738.40 in our taxable accounts and $54.30 in our tax advantage accounts.  

Just Amazing to see the dividend keep adding in the these accounts.

How did you do last month?  Did you had a good month?

Thank You for visiting,

Dividend Pursuit

Disclaimer: Long on all stocks listed

Disclaimer: I’m not a licensed investment advisor and not an investment professional. This site is only meant for educational or entertainment purposes only. I’m not liable for any losses suffered as a result. Please consult with an investment or tax professional before investing any of your money.

February 2023 Dividend Income Update

February 2023 Dividend Income Update

Where have the time gone?  Start of the new month is the time to stop and calculate dividends collected last month.  Our Rental continue to add to expenditure for the month leaving a negative cash flow for the 3rd month in a row.

But let us Focus on the passive Income from our dividend Income which continues to increase.  Without further ado here is the total dividend collected in February 2023:

We collected a total of $786.63, in passive dividend last month. 

We collected a total of $141.78 in our Taxable advantage accounts.  However, our focus nas been towards our taxable accounts which we can use once it covers our expensive.  We total $644.85 in our taxable accounts.

In February 2023, we had a negative cash Flow of $8700.00 in our Rental portofolio. We continue to deploy capital making improvements to our buildings, which Will provide a safe, clean and affordable apartments for families for years to come. 

How did you do last month?  Did you have a Great month as well?

Thank You for visiting,

Dividend Pursuit

Disclaimer: Long on all stocks listed

Disclaimer: I’m not a licensed investment advisor and not an investment professional. This site is only meant for educational or entertainment purposes only. I’m not liable for any losses suffered as a result. Please consult with an investment or tax professional before investing any of your money.

January 2023 Dividend Income

 JANUARY's 2023 DIVIDEND INCOME

January 2023, start the year with the market on the upswing rally.  Hopefully this is a sign of a better year versus 2022.  Our net worth also well up in January, which is a good thing mostly driven by the market.  Our Rental portfolio value stayed steady and its beginning to rebound towards the all time high achieve in early 2022.  We also welcome Jr. Dividend Pursuit #2, so sleep has been scarce so far this year, but we look forward to things getting better soon.  At least I am on paternity leave and do not have to drive two hours each way in Boston traffic for now.

Our theme for this year will be: 

1. Capital improvements in our rental property
2. increase our reserves and emergency funds
3. Travel internationally at least once
4. invest in target stocks in our taxable accounts and focus on index funds in our tax advantage accounts

Now without further ado let us review our January 2023 Dividend income.  For January 2023, we collected a total of $783.73, in passive dividends wow a new record for January for us.  

Just amazing the power of compounding has on the market and regularly invest in the market.  We tend to tune off the market daily gyrations and what Mr. Market does on a daily basis.  Instead we focus on our long term plan and regularly invest when capital are available.  

On our taxable account we collected a total of $721.70 in dividend and on our Tax advantage accounts we collected $62.03.

We continue to regularly invest and buy value stocks with the hope to hold them for long term.  At the same time we are also investing in our rental properties and continue to make capital improvements towards building long term wealth that will be passed on through our generation.

On our rental property Property #1, we finally found a new renter and they will be moving in February 2023.  We had cash flow of $165.00

Property #2 is a different story we had some unexpected expenses that total negative cash flow $17786.00, ouch!  

We expected more capital expenditure this year here in this property.  Property #1 will also need new windows in 2 out of 4 units are we are collecting quotes to make this improvements that will hopefully will keep the tenants here long term.

Hope you had a good month!  How did toy do last month?

Thank you for visiting,

Dividend Pursuit

Disclaimer: Long on all stocks listed

Disclaimer: I’m not a licensed investment advisor and not an investment professional. This site is only meant for educational or entertainment purposes only. I’m not liable for any losses suffered as a result. Please consult with an investment or tax professional before investing any of your money.

October 2022 Dividend Income

October 2022 Dividend Update

    October has come and gone, the days seems to be going os quickly and running on the hamster wheel surely contributes to that.  That is my primary motivation to get out of the rat race and focus on my family and wellbeing enjoy life.  To that end I buy high quality dividend paying stocks and invest in real estate to build passive income to cover my expenses so one day I can run away from the rat race and live the life in my own terms.

So let us review last month dividend accumulate passively and see where we are currently in time to achieve Financial Independence (FI).  I don't really consider there Retirement Early (RE) part of FIRE as a goal.  I envision my self working either on my property or some other field which can allow time for work life balance.

Without further ado here is what we collected last month. A total of $522.49 in passive dividend collected for the month.  It is breakdown between taxable accounts and tax advantage accounts.

On the Taxable accounts we collected $461.20 in dividend income and on our tax advantage accounts we collected $61.29.  This is because most of our retirement account is invested in the Thrift Savings Plan (TSP) accounts as a federal employee I will also collect a modest pension which most likely will de defer until later. 

On our Real estate venture we have decided to collect from property #1 $695.00 and from property #2 we collect $542 which is a total of $1237 in monthly passive income, this will total $1759.49 in passive income for the month. 

the dividend is being re-invested monthly, although I stop automatic reinvestment and focus on buying beaten down stocks I hold.  With the market down as of late I may sell some for tax harvesting to save on tax before year end.

How did you do last month?

Did you had a good month last month?

Thank you for visiting,

Dividend Pursuit.

Disclaimer: Long on all stocks listed

Disclaimer: I’m not a licensed investment advisor and not an investment professional. This site is only meant for educational or entertainment purposes only. I’m not liable for any losses suffered as a result. Please consult with an investment or tax professional before investing any of your money.

September 2022 Dividend Update

 September 2022 Dividend Update

Wow, where have the time gone.  I apologized for the delay in reporting.  it has been a crazy month for sure.  Mr. Market keeps seesaw with daily market gyrations.  As a long term investors I have been investing on a regular basis and with each passing month the dividend keeps on growing.

So without any further ado here is what we collected in September 2022:

Total dividend Collected $745.38, truly amazing month surely our best month since we started this journey to Financial Independence (FI).  In our Tax advantage accounts we collected $90.16, at least this will pay for our internet expenses when we retired after I reach 59 1/2 year old 😀.  On our taxable accounts we collected $655.22.  

Last month was an amazing month, we also collected passive income in our properties.  Property #1 collected $695.00 and Property #2 collected $542.00 for a total of $1892.22 in real money we can use now.  However, the money was reinvested to keep growing our dividend and possible a future property in the near future. This also covered 40% of our expenses for the month.

How did you do last month?

Did you had a great month as well?

Thank you for visiting 

Dividend Pursuit

Disclaimer: Long on all stocks listed

Disclaimer: I’m not a licensed investment advisor and not an investment professional. This site is only meant for educational or entertainment purposes only. I’m not liable for any losses suffered as a result. Please consult with an investment or tax professional before investing any of your money.

August 2022 Dividend Updates

 August 2022 Dividend Update

     A new month and busy as ever, but nothing like taking the time to count the dividend collected last month.  Mr. Market keeps going up and down in a seesaw move every single day the market gyrations for sure can cause heart attack if you pay to munch attention to it.  I find that finding stable paying dividend companies and keep building my shares with every opportunity is a better long term solutions for me.

Have you been investing and continue to do so with every market gyrations?

Lately I have been selling some stocks I don't see me holding longterm and also this will allowed me to focus on few stocks.  We have gone from 87 individual stocks to closer to 65 with the goal to trim down to 60 or fewer this year.  Of course the profit in some cases the proceeds have been reinvested in the companies I will be keeping long term.

But with out any further ado, let's review last month dividend collected.  We collected a total of $693.25, in dividend last month.  Of which $149.34 was in our tax advantage accounts and $543.91 was in our taxable accounts. 

WOW, the dividend keeps adding up with each passing months.  Last month the dividend would had cover our Car payment $399.20, Verizon fios $74.99, Amazon subscription 14.99,  parking payment $35.00 and T-Mobile cell $168.00.  This will still leave $1.07, which I could had bought a pack of chewing gum.  Truly an amazing month for sure.  

In the real estate side of things we also had a positive cash flow for the first time in a long time in our rental properties.  All our units are finally rents and everyone is up to date on payment now.  We will be working in replenish our reserves and build up cash for a future real estate rental property to add to our portfolio, which will get us closer to FI in the next two (2) years.

How did you do last month?  Did you also had a good month?

Thank you for visiting 

Dividend Pursuit.

Disclaimer: Long on all stocks listed

Disclaimer: I’m not a licensed investment advisor and not an investment professional. This site is only meant for educational or entertainment purposes only. I’m not liable for any losses suffered as a result. Please consult with an investment or tax professional before investing any of your money.

March 2022 Dividend Update

 March 2022 Dividend Update

Albufera, Portugal

    With some many terrible news around the world it is so hard to even talk about money and dividend collected.  Oil Price so high world wide has really impact individual and family budgets worldwide.  The War in Ukraine and the devastation and the loss of human life only dampens the desired to watch TV.  I have been avoid watch the news as there are no good news on TV.  

However, we cannot control most of what happens worldwide, this only enforce the idea to plan for the future and hope for the best.  One way my family does this is to plan our Financial Freedom Retire Early (FIRE), we tend to focus on the FI part by investing in the market and real estate.  I don't report our real estate holding much here just as I don't plan to count with our Thrift Savings Plan (TSP) government form of 401K I am investing in as a government employee.  But we do focus on our passive dividend income, which we report monthly here.

                                                                    Sagres, Portugal

Last month we had a busy month.  We spend 10 days in Algarve region, Portugal and two (2) days in Lisbon.  The food was incredible good and this allowed us to recharge our batteries and refocus our energy as we return back to the states.  Maintenance also occupy three (3) of my days off from my Job, but this also create enough passive income on the real state side to fund our travel, couple with the points earn in our Capital one Venture credit card.

Without further ado let us review dividend collected last month via all our accounts:

We collected a total of $618.03 in dividend last month and for the quarter one (Q1) we collected a total of 1570.49 in dividend. 

How did you do last month?  Did you had a great month as well?

Let us now review where the dividends came from.  We collected $87.83 from our taxable advantage accounts. We also collected $530.20 in out taxable accounts. 

Now let us review what we could have cover in our expenses side of the ledger.

We could had paid our Car loan $399.40, our Verizon internet service $74.99, fill the tank in our Toyota Tacoma once $72.00 and I paid my EZ- Pass $50.00, still leaving $21.64 for lunch.

Overall we had great month.  We also sold and took some profits from XOM, CVX, EOG and CFG.  The Profits we re-invested in some laggards stocks and we also initiate some new positions.

Thank you for visiting

Dividend Pursuit.

Disclaimer: Long on all stocks listed

Disclaimer: I’m not a licensed investment advisor and not an investment professional. This site is only meant for educational or entertainment purposes only. I’m not liable for any losses suffered as a result. Please consult with an investment or tax professional before investing any of your money.

February 2022 Dividend Update

 February 2022 Dividend Update

    With so many issues going on around the world Mr. Market have been experience a lot of volatile

 in the last month.  With current war in Ukraine, you can only feel for the people of Ukraine and hope they are ok.  While this has create a volatility in the market, we keep see our net worth keep increasing despite all the negative news that has the market seasaw on a daily basis, of course this is mostly due to our rental portfolio.  However, this is a new month and it is time to report and review my last month dividend income that was earn passively.  

Let's review it without further ado:

Last month we collected $505.30, wow another month over $500 collected passively and $952.56, year-to-date. 

We received $349.44, in our taxable accounts and $155.86 in our tax advantage accounts. 

How did you do last month?  I hope you also had a great month.

Now let us review what bills we could had pay last month?  For starters we could had pay our car payment $399.00, Verizon high speed internet $74.99 and gas bill was $27.42.  So we could had cover three (3) bills if we had choose to take the dividend in payment, Instead we are currently re-invest all the dividend back in the stocks.  This may change In the future were we take the dividend and reinvest in stocks that are down instead of up to lower our cost basis.

Thanks for visiting,

Dividend Pursuit

Disclaimer: Long on all stocks listed

Disclaimer: I’m not a licensed investment advisor and not an investment professional. This site is only meant for educational or entertainment purposes only. I’m not liable for any losses suffered as a result. Please consult with an investment or tax professional before investing any of your money.

Rental Income: December 2018 report

Rental Income: December 2018

December is now fully in the books, so let us review last month passive income from the rental units we own.

Last month we had a vacancy for the first time since September 2017.  I spend much of December working on the unit to get it back ready to be rented by January 1, 2018.

Last month I spend 80 Hours, renovating the unit, showing the unit - until the lease was signed with a new tenant on December 31, 2018. The tenant finally moved in January 6, 2018.

Rental Unit 

Now lets us review last month numbers:

Income:

$3700.00

Expenses:

Mortgage &Insurance & Tax $2171.93

Water bill $0.00 Next month.

Utilities $ $54.00

Material $300.00

Tenant screening $50.00

Total Passive Income: $634.07

The current federal minimum wage is $7.25 per hour, and has not increased since July 2009. With my effort and hour spend in managing the unit I Made just over the minimum wage $7.925. 

However, I was also able to paid the the mortgage with the tenants paying for it, which also increase our Net worth by: $503.60.

The updates done last month,will hopefully last few years. Hopefully the new tenant can stay few years.

The rental market keeps going up in Massachusetts as a whole particularly in Taunton, which is 45 min south of Boston. 

Now that all the units are rented will built some reserves to hopefully paid down all our debt and focus on savings in the next few years. 

I also appreciate my rentals right now. As a federal employee, I will probably miss my next check and who knows when we will be paid again. This is disappointed as I have been working not knowing when I will be paid. However, the rental will help paid all our bills in January, specially since the tenant paid first and last month.

So in total our passive income was $1269.73, when I calculate Dividend received, Rental income and Mortgage paid down.

So what is your excuse for not owing rental property?

How did you do overall in your passive income. 

Thanks for visiting,

Dividend Pursuit

Disclaimer: I’m not a licensed investment advisor and not an investment professional. This site is only meant for educational or entertainment purposes only. I’m not liable for any losses suffered as a result. Please consult with an investment or tax professional before investing any of your money. 

Dividend Raises 4th Quarter

4th Quarter Recent Dividend Raises 

As a dividend stock investor, this is the best news possible. When stocks you hold announce that they will be share even more of their wealth with the investors. I received six (6) such wonderful news and they all contribute to future growth on my FIRE fund. The most amazing thing is that I did not have to do any work. Most of the work was already done, when I took the initiative to buy the stocks.

Let us review recent raises:

Raise December-January

Disney -DIS raised its dividend by 4.8% from $0.84 to $0.88.

Legget Platt -LEG raised its dividend 5.6% from $0.36 to $0.38.

WP Carey -WPC raised its dividend .50% from $1.025 to $1.03.

Ventas -VTR raised its dividend 4.84% from $0.79 to $0.7925.

WD-40 WDFC also raised its dividend by a whopping 13%, wow...the dividend went from $0.54 to $0.61. Nice raises overall. With this raises my forward yearly dividend is now at $1567.58.

Did you received a similar raises? 

As a federal employee, I may not get a raise at work this year. However, my stocks are really showing me some love here with dividend increases that are keeping up with inflation. Inflation erodes the power of dollar on a yearly basis. That is why I am an investor, the dividend paying stocks I invest in raise their dividend yearly, when they don't or cut dividend I either sell or re-evaluate why I purchase it in the first place. I am on a path to sell some holdings just to make things simple, until I reach Financial Independence (FI) when I do I may repurchase some of them. I also Invest In real estate to generate some cash flow. 

How are you doing with your investment, are they generating more income for you passively?

Thanks for visiting 

Dividend Pursuit

Disclaimer: Long on all stocks listed

Disclaimer: I’m not a licensed investment advisor and not an investment professional. This site is only meant for educational or entertainment purposes only. I’m not liable for any losses suffered as a result. Please consult with an investment or tax professional before investing any of your money. 

November 2018 Lamdlord Report

November Landlord report

As of October 2018, I am separating income received from Stocks versus passive income received from rental property. This is a way to simplify my tracking of dividend received compare to my goal to reach FIRE. Although both will contribute to reaching that goal. I will also gear this post toward anything relate to being a landlord and how much time it takes and expenses and my overall experience dealing with tenants.

$65/hour managing this property

Let us review last month report as landlord. Again last month saw a positive cash flow as landlord. Property #1 has 4 units, 3 of the four paid on time for a total of $3700.00. The fourth (4th) unit we finally had a day in court after I execute the eviction process. I did made one mistake by not looking at the expiration date on the execution. So this cost me two weeks, I had to go back to court and to get another hearing and ask the judge for another execution. 

On November 13, 2018, I head back to court and the judge finally grant me an execution. I immediately had the sheriff serve the execution and schedule an eviction for the following Monday. The tenant finally moved out on November 15th. The tenant had already paid First and last and security deposit. Overall the court grant me the security deposit for late payments and last. This closed the tenant account still owing me $620.00 in past due account. I could go to small courts to get this final payment, but it would be a waste of my time at this point, better to move on.

Overall, I pocket security deposit for the month, so total income for the month equal $4700.00. 

Income  $4700.00

Expenses :
Mortgage -$2171.00 
Utilities -$263.17
Material for upgrades -$380.00

Total Expenses -$2814.17

Cash Flow $1885.83

Overall another solid month $1885.83. I spend a total of 29 hours last month managing this building, that is $65 an hour pay.  

The time spent here includes some updates needed for the unit for a turnaround before it is placed back in the market for rent. I still will need 3 to 4 more weeks before I can complete this project. As I will only dedicate 2 days out of my week , when I am not working on my full time job. 

Still a positive cash flow for the month. The proceeds are being put to work in the market, savings account for a new property and I am also tapping into the account to pay for my other expenses at the moment.

What is your excuses for not being a landlord? $65 a hour Job!

Thanks for visiting!

Dividend Pursuit

Landlord Monthly report

October Landlord report

As of October 2018, I am separating income received from Stocks versus passive income received from rental property. This is a way to simplify my tracking of dividend received compare to my goal to reach FIRE. Although both will contribute to reaching that goal. I will also gear this post toward anything relate to being a landlord and how much time it takes and expenses and my overall experience dealing with tenants.

So without further ado... let us look at last month report.

Unit #1

Rental property #1 is a four-plex; 3 of the units is a two (2) bedroom apartment and the fourth (4) unit is a three (3) bedroom townhouse. We lived here for 1 year before purchasing Property #2

Property # 2, is our main residence and it also has a 1 bedroom unit we could rent. The unit was purchase mainly for my in-laws to move in. Currently they live in a 3 bedroom rental. My father-in-law is over 60 now, My goal is to help them be stable as they reach their retirement. Currently they are not planning to move any time soon. We may decide to rent this unit until they are ready to move in at some point, however for now it remains unoccupied.

Units 2, 3, and 4 paid in time and I collected $3700.00 in rental income. Unit 1 is another story I had a court date in early October the Judge side it with the tenant and gave the tenant until the end of the month to move out. This would be my first eviction process. This has been in the works since July. However, I was trying to help the tenant who is a single mother, so the process was delayed due to my own wiliness to help a single mother. But, as a business this is not practical or recommended at all, as it tends to backfire like it did to me.

Will be in court in November again for the eviction process. The court did make her pay her October rent of $1000.00. SO total income for October was $4700.00.

Let us look at the expenses: in all i took 6 trips to the property. Twice to reset a power trip in unit one (1). once to replaced a battery on the smoke detector. Once to due maintenance in heat radiator before the winter starts in Massachusetts. The other two times as a regular visit to conduct inspection and clean up, maintenance on the property. Each visit I usually spent about 15 minutes to 30 minutes there. I also spend 3 hour in court and 1 hour 30 minutes going to and from the sheriff office for the eviction process notifications.

Mortgage for the property is was paid on time a total of $2172.00, utilities for the month was also paid on time a total $255.00; Also the lawn expenses came in at $110.00 for the month. The tenants paid both in form of monthly rent payment total expenses was $2537.00, which left a positive cash flow of $2163.00.

When you add the mortgage paid down for the month, this added a total of $2763.00 in passive income. The tenants are paying down my mortgage in this property and also all the expenses associated with it. 

I spent a total of 6 hour managing this property and made $460.50, an hour maintaining and owing this property. Surely there is no reason why you should not own a rental property. It is a great way of adding to your passive income.

Property #2 is not rented, so we incur all the expenses with owing a home here, However the income from Property #1 (one) helps pay for most of the expenses here.

Disclaimer: I’m not a licensed investment advisor and not an investment professional. This site is only meant for educational or entertainment purposes only. I’m not liable for any losses suffered as a result. Please consult with an investment or tax professional before investing any of your money.

New House

New House

It has been over one year since we last purchase a multi-family home. The purchase allowed us to cash flow pretty well and save enough for a single family home. The new house purchase process can be a little stressful.

From shopping for a mortgage and getting paperwork together looking for a potential new home. We have actively looking for over four months now. We kept our eye open on potential houses on the market to try to figure out what we actually were looking for.

About two weeks ago we finally made an offer in a house. Which is about 10 minutes away from our rental property. This should allowed for plenty of time to self managed it while we continue to build free cash flow. Investing in real estate is all about cash flow. Not equity or any other metrics. Cash flow allows one to use the free cash flow to invest in other potential investment albeit real estate or stock market. Which I will be investing in dividend paying stocks to continue to build passive income to support my FIRE (financial Independence/Retire Early). I believe that should be why one invest with a view of long term.

last week our offer was accepted. Finally Yesterday we did the home inspection. You should definitely do a home inspection even if it is a brand new house. This house is only six years old, which really helps. Now the lengthy process of applying for a mortgage and getting the loan approved and finally closing is on the horizon.

We hope we can close soon, as this will add more free cash flow from the rental property to help us reach our goal sooner.

What do you think of buying real estate? Thanks for visiting

Cheers
Dividend Pursuit

April 2018 dividend update

April dividend update

Another month has come and gone. End of each month is the favorite time for all investors. This allows time to reflect, plan and ponder on what action to take next. As an investor there are many opportunities, but there are not many passive income opportunities except for dividend paying stocks and somewhat real estate in a form of rental properties. These are now my two focus as I built my passive income fund.

So here is what I collect last month. First let’s take a look at the dividend side.
stocks div amount
MAIN 2.9s1
VTR 4.01
LTC         2.53
STAG 4.19
PBA 0.44
O         1.28
EPR         1.31
WPC 7.28
BNS 2.6
Total $26.55

This is almost 50% increase from last month. Let’s take a look at real estate passive income. After all expenses are paid including mortage utilities and quarter water bill, I am left with a $68.00 of rental profits. I call it profits as this is not passive at the moment. I am managing my own rental units at this time. However I envision hiring a property manager down the line when I reach my financial freedom.

In the last two years I have been using Personal Capital to manage my finance and do some financial planning.
How did you do last month?

Thanks for visiting.

Cheers
Dividend Pursuit

Disclaimer: Long on stocks listed

Disclaimer: I’m not a licensed investment advisor and not an investment professional. This site is only meant for educational or entertainment purposes only. I’m not liable for any losses suffered as a result. Please consult with an investment or tax professional before investing any of your money 


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Rental Income Update

Rental Income update

It is a year since we purchase a four (4) plex unit. We have done a lot of remodel to bring the units up to standard we would personally life in. The current rental has help us to keep up with the upkeep of the units and fix some water leaks to bring the plumbing up to date. We also update some electrical wiring on some of the units to bring it up to code. Also last December the water heater went down and we took quick action to replaced it. Finally last month we needed to perform maintenance on the boiler which also takes cash away.

As a longer term property investor, the updates will eventually reap its reward down the line as we collect rental income. With that in mind and with a new lease on the horizon, we took the opportunity to increase the rental.

Will called this unit number four (4), we raised the monthly rental to $250.00 a month. This is due to a complete renovation from the Kitchen,  bathroom, new carpet in the living room, new refinished flooring and fresh new paint.

We also had to renew Unit number #2 lease. There were few maintenance items, which include fixing a broken window, re-caulking the bathtub, and new lighting fixture. Finally the current market rate for a two bedroom unit has also gone up about $300-to-$500 since the last lease in the Boston area. So it was time to raise a little bit of the rental to capture the market condition. So we raise the rent $200.00 on this unit.

Overall the current $450.00 additional income will be put to good use to continue building passive income. Passive income to me now is a combination of Dividend income and rental free cash flow derived from rental income.

 I am hopeful that this will contribute to my desire to achieve early retirement sooner rather than later.

Thanks for reading,

Dividend Pursuit

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