Happy New Year, again! LOL 🙂
Hope everyone have a good new year so far. For me, I was off to a great start. I had the renovation project going on during the Christmas holiday. I closed the building on December, 20th, 2019 and I’ve been working on renovation ever since.
It has been a humbling experience thus far as many of the guys I hired work through the holidays just like I did. I’m grateful even with all the hic-up that we’ve encountered, one by one we solved the puzzle. To retrofit a building that was built in 1915 into something modern and tasteful and matches today’s living standard was/is a challenge.
Acting a contractor and judging a fulltime job, I still encounter some bad apples out there as my main guy was pulled to do other job. Some of the problems:
*my materials got stolen
*tools got stolen
*not finishing out the job
*not showing up for work
Nonetheless, I’m still grateful of what we’ve accomplished so far. Mr.W has been sick with a month long cold that hasn’t seem to go away. And his sciatic nerve is acting up. But I don’t know why men don’t go to the doctor??!! Anyhow, as my days blend with nights, I’m hardly able to take good care of myself, let alone taking care of Mr.W.
The weather has been mostly favorable, but we’ve encountered rain and snow that delayed our progress, but I hope after this weekend, hopefully I can put most of the big project like hole in the wall healing, water bursting, water meter flooding, toilet installation, floor installation, and other outdoor maintenance and fixing and patching, behind me.
I’ve been showing the apartment for rent. I got a lot of feedbacks, but I’m confident with my $300-600 lower than the current market, I’ll get the units rented.
Now, back to dividend. I’ve sold most of my position, however, I was still getting dividend because I sold them after the ex-dividend date. So, here goes:
| 12/29/2016 | GILDPopup GILEAD SCIENCES INC 122916 10 | $4.70 |
| 12/16/2016 | FLOPopup FLOWERS FOODS INC 121616 50 | $8.00 |
| 12/15/2016 | CCPopup CHEMOURS CO 121516 2 | $0.06 |
| 12/13/2016 | BANK DEPOSIT SWEEP 121316 | $0.41 |
| 12/12/2016 | CTLPopup CENTURYLINK INC 121216 20 | $10.80 |
| 12/12/2016 | DHIPopup D R HORTON INC 121216 20 | $2.00 |
| 12/1/2016 | FPopup FORD MOTOR COMPANY 120116 173 | $25.95 |
| 12/1/2016 | WFCPopup WELLS FARGO & CO NEW 120116 530 | $201.40 |
| $253.32 |
$253.32 is wonderful. It’s the money I didn’t have to work for. LOL 🙂
rental income after expense: $700
Total for December: $953.32
2016 Dividend:
- January: $134.54
February: $241.38
March: $878.07
April: $141.29
May: $47.75
June: $744.26
July: $32.57
August: 60.95
September: 877.97 - October:765.66
- November: 754.68
- December: 953.32
Total: $6232.32
This totally exceeded my passive income goal I’ve set in Jan 2019. I even looking forward to 2020 more. We have a trip coming up in 3 weeks, so whatever the renovations plan I have going on, it needs to be finished as I don’t want to get calls while I’m in the Island.
Nice job on the dividends and rental income. Bummer about your materials and tools. In my past life as a landlord, i had a few sites vandalized and items stolen too. It sucks.
That’s why it’s important to have great people working with you and for you. My regular guy is a billboard installer. When the economy hit, he took odd jobs and I found him. Now the economy is back, he’s getting busier with his high paying billboard job.
I’d post job here and there trying to find his replacement, but it is difficult to find good workers.
It was hectic time, but we are wrapping up. It will be done pretty soon. Hihi I have to stay optimistic.
Well done on the semi-passive income. I hope to achieve this one day too. All the best for 2020.
Looks like you had a very nice December in terms of passive income between rent and dividends. I enjoy reading your updates about owning a rental property and all the joys and headaches that go along with ownership. For me it just seems like a lot of work. There’s no doubt that you can create a nice little real estate empire over time but it takes a lot of work. Thanks for sharing.
Wow, those are some serious setbacks! Hope it goes smoother in the coming weeks.
Pretty decent yearly passive income for 2019. Confident you will beat that in 2020!
Nice! 2020 will be the first full year of mostly rental income right? I am sure the money will be more and also it will be more passive….initial setup seems like a lot of work for you…but it should get more passive once you rent it out.
Best wishes for an awesome 2020!
Always sad to see some dividend income go away, especially that large check you received from wells fargo. I’m sorry to read about the setbacks in your place and that is definitely unfortunate. But it sounds like you are continuing to march through and keep your eyes on the finish line. Congrats on beating your goal in 2019 as well. Hopefully 2020 starts off strong!
Bert
Awesome job. Those rentals really help the passive income
Happy New Year to you in 2020.
2016 has been a blast for you in terms of passive income and also your marriage.
A child on the cards in 2020>?? 😀