This Real Estate Report – August 2018 edition a lot shorter than the one from the previous month. The renovations are largely complete, albeit some windows still need to be installed. Not a lot of bills this month, but tons of income. August was good!
If you are interested in Real Estate, we are still to do a introduction course in Utrecht in November. See here for details.
Real Estate Report – August 2018
Our rental income for August 2018 was unchanged from last month, with a total income of almost €3.765
The monthly income distribution is provided below:
The expenses for August 2018 were very low and consisted of the following:
- Little bit of maintenance;
- Mortgage and loan payments; and,
- Management fees.
The expenses for the month are as follows:
Real Estate Report – Overview
The net rental and loan income for August was €3.165. The net cash-flow was a bit lower at €2.108. 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 (and principle) once the loan matures in late 2020.
Total net YTD income is €6.888, net cash-flow is -€1.545. The latter is driven by the rather large bill for the renovations. However, the value of the property has significantly increased over the last 4 years and far exceeded this investment. It also resulted in a higher monthly rental rate and lower emissions due to better insulation. Wins all around.
Real Estate Report – Forecast
We have a fixed date now to sell one property to family. By the end of this month we will not have 5 rented units anymore, but just 4. However, we will have about €150.000 to invest into a new asset. This will likely be a real estate loan with first mortgage rights. Unless we find an amazing deal in the coming two months or so, which we highly doubt as we are not too active in looking around.
The reason for the loan is flexibility in combination with a very reasonable interest rate. In total our monthly real estate related income should hopefully increase above the €4.000 mark as of October or November. All depends on what we find and when.
Any fun stuff with your real estate? Please share your experiences!