Peakster's House Efficiency

[Peakster]

Here's what April's bills were:

Natural Gas - $89.23
Electricity - $36.64
Water - $49.92

Other expenses:

Cable/WiFi - $76.90
Telephone - $57.35
Insurance - $24.50
Condo Fees - $125.00
Property Tax - $106.69
Debt Interest - $438.48

Total April '10 Housing Costs: $1,004.71

Rent collection from roommates: $975.00

Monthly Deficit: $29.71

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Well it's getting hot outside so I just moved back into the basement and I'm renting out all 3 rooms upstairs again. I'm working hastily on paying off my borrowed money for the renovations (the new windows look great and seal much nicer!) Month of May should bring in $1,540/month in rental income and I'm moving to full time employment again this summer

[Peakster]

Here's what May's bills were:

Natural Gas - $45.32
Electricity - $59.44
Water - $42.07

Other expenses:

Cable/WiFi - $79.10
Telephone - $44.91
Insurance - $24.50
Condo Fees - $125.00
Property Tax - $106.69
Debt Interest - $446.81

Total May '10 Housing Costs: $973.84

Rent collection from roommates: $1,540.00

Monthly Surplus: $566.16

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The bills are decreasing due to the summer months. Property taxes went up a bit as well as insurance as they typically do. The prime interest rate in Canada went up by 0.25% so there was a small increase in borrowing costs. I'm in the midst of attempting to refinance my mortgage with the renovation debt so I'll keep you informed

The cam gear pump works fine for filtered WVO or used motor oil Babington heaters and I have installed it on my Babington style heaters.

The only thing about the cam gear pump is that the

fire kind of pulses as the cam gear rotates. If you use the spur gear pump that is LDU's stock

LDU Company also has other parts that I use for building my waste oil burners,

like gear reduction motors. I find it best to turn the pump slower because you really don't need a whole lot of oil dripping on the atomizer ball.

[Peakster]

Here's what June's bills were like:

Natural Gas - $32.60
Electricity - $60.39
Water - $41.20

Other expenses:

Cable/WiFi - $32.17
Telephone - $81.55
Insurance - $24.50
Condo Fees - $125.00
Property Tax - $109.26
Debt Interest - $383.83

Total June '10 Housing Costs: $890.50

Rent collection from roommates: $1,540.00

Monthly Surplus: $649.50

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Well I'm happy to announce that I refinanced my debts together with the mortgage so my total debt interest took a tumble (and will stay low for the next 3 years at least). Other than my roommate using my cell phone a lot this month & my property taxes inching up, things are have worked out beautifully!

[Daox]

Thats great news Peakster. I'm in the same boat you are. We're also refinancing to get a lower interest rate. I'm going from 6.75% down to 4.25%. I'm also dropping from a 30 year to a 20 year, getting rid of PMI insurance, and the payment is still $70 less a month!

[Peakster]

The power of refinance is awesome! I had line of credit debt that was going to shoot up in interest rate if I leave my job (which I'm planning on doing), so I had them paid out with the mortgage and closed them completely.

In my case I went with a 3 year fixed at 3.50% (my original mortgage was 4.39% fixed for 3 years 9 months), went from a 33 year amortization to 25 and now I just have one debt to worry about. With the extra cash-flow I'm stuffing the extra cash into savings and it feels good!