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Old 10-31-18, 05:37 PM   #161
Peakster
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September 2018 housing costs:

Natural Gas - $73.69
Electricity - $98.37 (way lower without those computer servers!)
Water - $135.56

Other expenses:

Cell Phone - $56.74
Wifi - 171.75 (had to pay 2 months to start service)
Netflix - $10.99
Monthly Cleaning Service - $125.00 (top floor only)
Insurance - $102.02
Water Heater Rental - $9.71
Property Tax - $371.02
Mortgage P+I - $696.98

Total September '18 Housing Costs: $1,851.83

Rent collection from 4 housemates: $2,297.00

Month Profit: $445.17

Drop in rental income as I only have 4 housemates & 2 of them only moved in mid-month. Electric bill is back to normal but now I have Wifi as a bill. The 2 new housemates are much better than the last (they work for a pipeline company & are gone 15 hours a day. Then they come home & sleep).


Last edited by Peakster; 02-17-19 at 10:33 PM..
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Old 01-17-19, 01:55 AM   #162
Wanna Beco
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Quote:
Originally Posted by Peakster View Post
Definitely the most expensive month in my household's history! Still making a decent profit though. I suspect that a large portion of our electricity bill comes from dryer use.
Friends of mine built an apartment in their back yard. They bought a commercial coin-op set of laundry units. They had the keys, so they could wash their own clothes free. The coins from the tenants added up. At even a buck a wash and a buck to dry, you would make money. The commercial machines are simple to fix and there is less to break than newer home units wish fancy features. Maybe give current tenants a couple of bucks in coins each month to offset their grief about paying. The new tenants though will just think it's par for the course. "onsite coin-op washer and dryer" will just be part of your new ad.

(Perhaps check your local laundromat for better pricing)
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Old 02-17-19, 10:42 PM   #163
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Quote:
Maybe give current tenants a couple of bucks in coins each month to offset their grief about paying. The new tenants though will just think it's par for the course. "onsite coin-op washer and dryer" will just be part of your new ad.
Interesting idea! I'll keep my eye out for coin operated washers & dryers.

October 2018 housing costs:

Natural Gas - $98.60
Electricity - $120.62
Water - $132.11

Other expenses:

Cell Phone - $62.62
Wifi - 77.65
Netflix - $10.99
Monthly Cleaning Service - $125.00 (top floor only)
Insurance - $102.02
Water Heater Rental - $9.71
Property Tax - $371.02
Mortgage P+I - $696.98

Total October '18 Housing Costs: $1,807.32

Rent collection from 4 housemates: $2,642.00

Month Profit: $834.68

Things moving smoothly along. Still have the master bedroom to myself & feeling comfortable while still making a decent profit.
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Old 02-17-19, 10:52 PM   #164
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November 2018 housing costs:

Natural Gas - $110.14
Electricity - $179.19
Water - $120.67

Other expenses:

Cell Phone - $36.76
Wifi - 61.00 (got a better price with an alternative provider)
Netflix - $10.99
Monthly Cleaning Service - $125.00 (top floor only)
Insurance - $102.02
Water Heater Rental - $9.71
Property Tax - $371.02
Mortgage P+I - $696.98

Total November '18 Housing Costs: $1,823.48

Rent collection from 4 housemates: $2,642.00

Month Profit: $818.52

Pretty pretty much still moving along nicely. Tenants are more short term as there's a big pipeline project in Regina that will only last a few months. Expecting some turnover.
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Old 02-17-19, 11:00 PM   #165
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December 2018 housing costs:

Natural Gas - $126.05
Electricity - $46.49
Water - $126.31

Other expenses:

Cell Phone - $39.28
Wifi - 61.00
Netflix - $10.99
Monthly Cleaning Service - $125.00 (top floor only)
Insurance - $102.02
Water Heater Rental - $9.71
Property Tax - $371.02
Mortgage P+I - $696.98

Total December '18 Housing Costs: $1,714.85

Rent collection from 4 housemates: $2,642.00

Month Profit: $927.15

Had a bit of drama. Rented a room to a guy with total blindness & collecting disability income. Sadly because he moved from Alberta to Saskatchewan, his disability benefit dropped significantly. Not nearly enough to pay rent, much less feed himself, etc. It was sad but I ended up driving him back to Alberta. Vacancy starting in January.
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Old 02-17-19, 11:11 PM   #166
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January 2019 housing costs:

Natural Gas - $142.01
Electricity - $211.11 (forgot to call in my meter reading, They overestimated)
Water - $124.07

Other expenses:

Cell Phone - $39.62
Wifi - 61.00
Netflix - $10.99
Monthly Cleaning Service - $125.00 (top floor only)
Insurance - $102.02
Water Heater Rental - $9.71
Property Tax - $371.02
Mortgage P+I - $696.98

Total January '19 Housing Costs: $1,893.53

Rent collection from 3 housemates: $1,990.00

Month Profit: $96.47

Struggling to rent out the rooms this month. I'm just chalking it up to a very cold winter here in Regina; the view count on my room rental ads are low & there's quite a bit of supply on the market causing downward pressure on prices (some university students are desperate - I'm seeing some rooms offered for just $300/month! Hardly worth living with another human if you ask me). Still not in panic mode but obviously 3/5 rooms rented isn't sustainable. I'm now actively trying to rent out all 5 bedrooms (instead of just 4).

Last edited by Peakster; 03-13-19 at 03:37 PM..
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Old 03-18-19, 06:57 PM   #167
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February 2019 housing costs:

Natural Gas - $138.32
Electricity - $2.14 (correction from previous overestimate)
Water - $103.98

Other expenses:

Cell Phone - $46.57
Wifi - 61.00
Netflix - $10.99
Monthly Cleaning Service - $125.00 (top floor only)
Insurance - $102.02
Water Heater Rental - $9.71
Property Tax - $371.02
Mortgage P+I - $696.98

Total February '19 Housing Costs: $1,667.73

Rent collection from 2 housemates: $1,320.95

Month deficit: $346.78

Only 2/5 rooms were occupied for the month of February. Brutal long & cold winter! Fortunately things are looking better in the immediate future.
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Old 05-08-19, 09:56 PM   #168
Peakster
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March 2019 housing costs:

Natural Gas - $97.11
Electricity - $102.54
Water - $123.24

Other expenses:

Cell Phone - $44.64
Wifi - 61.00
Netflix - $14.83
Monthly Cleaning Service - $125.00 (top floor only)
Insurance - $102.02
Water Heater Rental - $9.71
Property Tax - $371.02
Mortgage P+I - $696.98

Total March '19 Housing Costs: $1,748.09

Rent collection from 3 housemates: $2,070.00

Month Profit: $321.91

3/5 rooms were occupied for the month of March. The demand for rooms in Regina have weaned for sure & it doesn't seem to be lifting anytime soon. I will have to lower my rents to encourage 100% capacity.

Last edited by Peakster; 06-03-19 at 01:29 AM..
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Old 05-22-19, 01:38 PM   #169
Peakster
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Aprl 2019 housing costs:

Natural Gas - $82.53
Electricity - $225.99 (power company overestimated the usage again)
Water - $129.46

Other expenses:

Cell Phone - $38.26
Wifi - 61.00
Netflix - $14.83
Monthly Cleaning Service - $250.00 (top floor only - cleaned 2X this month)
Insurance - $102.02 (going up next month)
Water Heater Rental - $9.71
Property Tax - $371.02
Mortgage P+I - $696.98

Total April '19 Housing Costs: $1,981.80

Rent collection from 4 housemates: $2,750.00

Month Profit: $768.20

Still struggling to rent out the last bedroom in my house, but 4/5 rooms rented is an improvement compared to earlier in the year.


Last edited by Peakster; 06-03-19 at 01:29 AM..
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