Peakster's House Efficiency

Peakster · 03-16-18, 05:57 PM

February 2018 housing costs:

Natural Gas - $149.31 (485.635 M3)
Electricity - $289.41 (1,661 kWh)
Water - $158.91 (7,540 gallons)

Other expenses:

Cell Phone - $85.57
Netflix - $10.99
Monthly Cleaning Service - $125.00 (top floor only)
Insurance - $88.25
Water Heater Rental - $9.71
Property Tax - $361.81
Mortgage P+I - $696.98 (decreased payment... see notes below)

Total February '18 Housing Costs: $1,975.94

Rent collection from 5 housemates: $3,264.53

Month Profit: $1,288.59

I now have all 5 bedrooms rented out so we're back to 6 adults living in the house. I changed by mind about the mortgage & switched it to the minimum payment (27 years left to the amortization). Why would I make extra payments to a debt at 2.69% return? So I opened a mutual fund account in February (right when the 10% correction occurred) & now I'm putting $300/week into an S&P500 index fund. It's only been a month & my money has already grown by 4.5%!

Also, cleaning staff figured out why that 1 bedroom was so cold. The housemate had his furnace vent closed! So this entire time the room has been heated with 100% electric heat! I removed the furnace vent flap entirely; hopefully that helps bring down the sky-high electric bills. House's furnace thermostat is remaining at 22C (71.6ºF) during evenings, nights, & weekends.

No foreseeable rent increases for a while. Just enjoying the income while it's here. $3,264.53 /month = $4.47 every hour!

03-16-18, 05:57 PM	#11
Peakster Apprentice EcoRenovator Join Date: Feb 2009 Location: Regina Saskatchewan Canada Posts: 146 Thanks: 0 Thanked 22 Times in 21 Posts	Record rental income! February 2018 housing costs: Natural Gas - $149.31 (485.635 M3) Electricity - $289.41 (1,661 kWh) Water - $158.91 (7,540 gallons) Other expenses: Cell Phone - $85.57 Netflix - $10.99 Monthly Cleaning Service - $125.00 (top floor only) Insurance - $88.25 Water Heater Rental - $9.71 Property Tax - $361.81 Mortgage P+I - $696.98 (decreased payment... see notes below) Total February '18 Housing Costs: $1,975.94 Rent collection from 5 housemates: $3,264.53 Month Profit: $1,288.59 I now have all 5 bedrooms rented out so we're back to 6 adults living in the house. I changed by mind about the mortgage & switched it to the minimum payment (27 years left to the amortization). Why would I make extra payments to a debt at 2.69% return? So I opened a mutual fund account in February (right when the 10% correction occurred) & now I'm putting $300/week into an S&P500 index fund. It's only been a month & my money has already grown by 4.5%! Also, cleaning staff figured out why that 1 bedroom was so cold. The housemate had his furnace vent closed! So this entire time the room has been heated with 100% electric heat! I removed the furnace vent flap entirely; hopefully that helps bring down the sky-high electric bills. House's furnace thermostat is remaining at 22C (71.6ºF) during evenings, nights, & weekends. No foreseeable rent increases for a while. Just enjoying the income while it's here. $3,264.53 /month = $4.47 every hour! Last edited by Peakster; 10-23-19 at 07:32 PM..