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Welcome to the June 2018 rental income report! I'm getting really close to stabilizing My Second Property, which should conservatively cash flow $150 per month and range up to $300 a month. After another minor repair on My Second Property, I'm really looking forward to July to see this property performing how I envision it should. Honestly, these reports are going to be pretty bare for at least another month as I look to ramp up the number of doors I have after selling off My First Property earlier this year. Here are the June details: My First Property I bought this single family house in December of 2016 and SOLD it in May of 2018. 2 Bed/1 Bath. C-Class neighborhood. NO JUNE INCOME. See how it performed HERE.  My Second Property I bought this single family house in March of 2018. 2 Bed/1 Bath. B-Class neighborhood. It's currently rented to two medical students on a 12-month lease.  Pretty straightforward month, although I did have a $152 maintenance expense to install a couple new window blinds in the kitchen and bedrooms. Luckily, for some reason, there were brand new blinds sitting in a box in the house when I bought the property, so I was able to install those. I also had to remove an old AC unit from the garage. Income Gross Rents: $995 TOTAL: $995 Expenses Mortgage: $346.25 Property Taxes: $216.32 Insurance: $44.50 Property Management: $89.55 Repairs: $152 TOTAL: $848.62 Income ($995) - Expenses ($848.62) = Cash Flow: $146.38 FULL PORTFOLIO CASH FLOW: $146.38 Conclusion My June cash flow was right around $150 and that's exactly what I expect from my current portfolio of just one property. Because I always account for maintenance/repair expenses, again, this falls in line with my expectations. Hopefully, next month I'll be closer to the $300 cash flow range. I don't expect many maintenance/repair issues for awhile now.
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