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July – August 2015 Rental Cash Flow

100-PDHoly crap has it been busy.  And I thought last month was busy.  It was also expensive, and might have even been a bit negative on the cash flow side of things…  There were a few repairs, and continuation of my remodel on a unit that was vacant.  As always, rents came in on-time, but I added a couple of upcoming vacancies that will be coming due.

When life throws you lemons, you make lemonade.  Rentals are not always fun, but I can assure you they are profitable, if you can manage them right.

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How to clean out a tub drain

Tub DrainThis article will teach you how to clean out a tub drain.  When you own rental property, there will always be maintenance.  You can do it yourself, or hire someone.  Even in your own home, there are tasks that need to be completed, this is a great one to learn to do yourself.  If you can save $100, that is a couple or three (for two people) nice restaurant meals (in my places), or $100 to your retirement.

Of course some tasks are not fun, some are messy, and some of them are just gross.  Even the tasks you think are real bad ones; there is someone out there that does them all day, every day.  Do not feel sorry for yourself.

When I turn a rental over, cleaning a tub drain is a very common task.  It’s not fun, but not difficult.

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Should I Pay Off My Rental Mortgage?

debt-37557_1280-PDIf I pay off my rental mortgage, my cash flow will definitely increase.  It has been a year since I paid off my last mortgage, not literally my last mortgage, but the most recent one I paid off.

My investment account balance has grown back to where I was before I paid the mortgage off, and then some.  So, I am now wondering if I should pay off one additional mortgage.  There are a lot of things to think about before you make a sizable payoff.  What are the other uses of the capital?  How strong will your cash flow be after the payoff?  What are the alternative investments, such as the stock market?

Here is the analysis that I am going through.

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