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Old 06-19-20, 11:14 AM   #201
MN Renovator
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I like the video, good explanation. I guess you are locked in with the water heater contract as you've mentioned before, but where I live, a top quality 9 year warranty water heater costs $500 and replacing the anode rod every 8 years or so and keeping a water softener full of salt will keep the water heater going for a few decades if the tank is also flushed yearly. I also live in an area with very hard water too but the water softener keep the tank in better shape for longer.

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Old 07-16-20, 02:42 PM   #202
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June 2020 housing costs:

Natural Gas - $55.93 (107.919 m3)
Electricity - $160.85 (791 kWh)
Water - $170.09 (29,090 litres)

Other expenses:

Cell Phone - $84.53
Wifi - 61.00
Monthly Cleaning Service - $125.00 (top floor only)
Insurance - $118.12
Water Heater Rental - $9.71
Property Tax - $388.98
Mortgage P+I - $691.76

Total June '20 Housing Costs: $1,865.97

Rent collection from 4-ish housemates: $2,373.00

Month Profit: 507.03

Decent month considering a housemate moved out. A new one moved in at the start of July though.
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Old 08-20-20, 09:21 PM   #203
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July 2020 housing costs:

Natural Gas - $52.87 (97.127 m3)
Electricity - $172.09 (857 kWh)
Water - $196.11 (33,168 litres)

Other expenses:

Cell Phone - $84.53
Wifi - 61.00
Monthly Cleaning Service - $125.00 (top floor only)
Insurance - $118.12
Water Heater Rental - $9.71
Property Tax - $388.98
Mortgage P+I - $691.76

Total July '20 Housing Costs: $1,900.17

Rent collection from 4-ish housemates: $3,009.00

Month Profit: 1,108.83

Much better month at 80% capacity. Fairly uneventful for once this year. Let's hope things sail well going forward.

Last edited by Peakster; 09-20-20 at 04:08 PM..
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Old 09-20-20, 04:18 PM   #204
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August 2020 housing costs:

Natural Gas - $43.78 (64.751 m3)
Electricity - $157.97 (774 kWh)
Water - $169.56 (28,939 litres)

Other expenses:

Cell Phone - $84.53
Wifi - 61.00
Monthly Cleaning Service - $125.00 (top floor only)
Insurance - $118.12
Water Heater Rental - $9.71
Property Tax - $388.98
Mortgage P+I - $691.76

Total August '20 Housing Costs: $1,850.41

Rent collection from 4 housemates: $2,954.00

Month Profit: 1,103.59

Another smooth month. Let's keep this up!
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Old 09-27-20, 07:12 PM   #205
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Sounds like you attitude and cash flow are both positive this month. (Don't take that as a slight, you are always positive.)Glad do see you have people paying up this month.
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Old Yesterday, 02:21 PM   #206
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September 2020 housing costs:

Natural Gas - $68.82 (153.784 m3)
Electricity - $103.50 (454 kWh)
Water - $177.13 (31,089 litres)

Other expenses:

Cell Phone - $84.53
Wifi - 61.00
Monthly Cleaning Service - $125.00 (top floor only)
Insurance - $118.12
Water Heater Rental - $9.71
Property Tax - $388.98
Mortgage P+I - $691.76

Total September '20 Housing Costs: $1,768.55

Rent collection from 4 housemates: $2,591.00

Month Profit: 822.45

Really struggling to rent out that 5th & final room. Lots of people have looked, but no one has committed to moving in. Not a huge deal since cash flow is still looking good at 80% capacity.

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