The Real Estate Report – March 2018 edition is a lot better then the Saving Rate report for March, which we posted earlier this week. Where we personally had a bit of a “rough” month financially (everything is relative!), the real estate investments happily continued along.
Real Estate Report – March 2018
The monthly income distribution is provided below:
The expenses for March 2018 were low and consisted of the following:
- Mortgage and loan payments; and,
- Management fees.
Insurance payments are due again in April, no maintenance required this month either. Property taxes are coming in May. So not a whole lot of money disappeared from the bank account in March.
We did get a bit of 2017 property tax back! We had gotten a wrong assessment and complained about it (about 12 months ago already). “They” thought we were right and gave some money back. Always nice and better late then never! Another positive note, the tax assessment for 2018 seemed right.
The expenses for the month are as follows:
Real Estate Report – Overview
The net rental and loan income for March was €3.082. The net cash-flow was a bit lower at €2.028. As noted earlier, we have a mortgage and we provided a private real estate investment loan that does not pay out the monthly interest (hence a lower net cash-flow). We will get this interest income once the loan matures in late 2020.
Total net YTD income is €8.030, net cash-flow is €4.873. Keep in mind that we will spend about €10.000 this summer on renovations, so this year will not be very lucrative investment wise! That being said, this should be the last large expense for the next decade or so. There will be small stuff, but no major work like this.
Real Estate Report – Forecast
Considering we are going on a long road trip later this month, we are no longer looking at new properties or other investments/renovation works. Everything that we needed to do is done, so we can go on holiday with a peaceful mind. We just need to hope that nothing strange happens, and if it does, it will be taken care of by the property manager.
How did you do in March?