Real Estate Income Report – February 2017

My real estate portfolio currently consists of 6 rental units.  The monthly reports highlight the income and expenses associated with each property as well as the total monthly profits or losses.

February 2017

Total Income: $5,000 – Ahh, if only that was all profit.  Now for the expenses.

  • Mortgages / Loans: $2,913
    • This number should remain the same throughout the year.
  • Repairs: $0
  • Utilities: $0
  • Insurance: $196 One property had a separate insurance policy due to the tenants owning a Pit bull.  This was an insurance nightmare, so I would highly recommend avoiding renting to owners of this breed at all costs.  Long story short, the dog passed away, so I was able to add this property to my existing policy, saving over $400 per year.

Monthly Cash-flow: $1,891 (this is a pre-tax number)

But wait, there is some more hidden profit.  Where you ask?  The portion of the loans applied to the principal is a hidden profit, to be realized upon selling the property.

Hidden Profit: $732

Total February 2017 Profit: $2,623

Total 2017 Profit: $4,187

Monthly Average Profit: $2,093.50 – This is an important number, as it will smooth out the fluctuations caused by                                                                         insurance bills, taxes, repairs, etc.

Overall, February was close to a perfect month with basically no extra expenses.  As we approach spring, I will have several tax bills that will need paid for my properties that don’t have escrow.  I paid to have my yearly taxes prepared in March, so that will be another expense.  I also have a porch scheduled to be sanded and repainted, which will occur sometime soon, now that the weather is warming enough for exterior painting.

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4 thoughts on “Real Estate Income Report – February 2017

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