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The top of this page displays a Dashboard Summary of all of my key performance metrics. Scroll down for a detailed month-by-month account.
march 2022 update (+$7,817)
The tenant received some rental assistance from a local government source which paid all of their back rent, late fees, plus a few months in advance. Amazing - this one unit made up over half my cash flow for the month!
february 2022 update (-$1,105)
Paid property taxes, and tenant still hasn’t paid.
january 2022 update (-$1,177)
We have given this tenant a million chances, and their lease is up in March or April. At that point we will ask them to get out (and hopefully pay up - at least SOMETHING), and we will most likely have a sizeable turnover on our hands. It won’t be a great year for this property.
november 2021 update (-$3,137)
Paid for the 2nd half of the furnace, plus still haven’t collected rent.
october 2021 update (-$3,299)
Major capex (furnace) plus the tenant is falling behind on rent, again. :|
august 2021 update (-$1,262)
Tenant paid late, so I’ll get 2x rent next month. Also paid property taxes.
july 2021 update (+$5,168)
As has been the case ever since this tenant moved in 3 years ago, they finally caught up on rent plus late fees in a big way. The timing of this was nice because this offset a lot of the property taxes that I paid on other properties in July.
june 2021 update (-$437)
Another month with no payment, but wait till you see next month.
may 2021 update (+$379)
Tenant still behind…the late fees are stacking up! At least they’re paying some each month.
April 2021 update (+$8)
Continuing to wait for tenant to get caught up.
march 2021 update (+$74)
Tenant still behind - that’ll change once the tax refund and stimulus checks come in. Embrace the roller coaster.
february 2021 update (+$173)
Tenants paid a few months but still a month behind. Most of that went towards the flooring bill from December.
january 2021 update (-$580)
Another month with no rent paid. These tenants have been here since I first bought the property and every year they struggle in December/January. I expect them to catch up.
December 2020 update (-$580)
No rent paid in December ends the year on a sour note. If past trends are any indication, once more stimulus checks roll in, plus federal tax refunds, tenants will get caught up.
november 2020 update (+$240)
No issues. Flooring was replaced in one of the rooms so I’ll probably pay for that in December.
october 2020 update (+$285)
Minor repairs this month but no big deal. Sounds like some more will be coming up for this house, but that’s why my projection is so far below “actual cumulative”.
september 2020 update (+$563)
Another good month, but we’ll have a major repair coming in the next few months.
august 2020 update (+$563)
No problems.
July 2020 uPdate (+$1,481)
Tenants all caught up on rent this month. Continuing to ride the roller coaster.
june 2020 update (-$580)
Rent came in almost 30 days late, so it’ll show up next month. My theory is COVID or not, most tenants will just continue doing what they’ve been doing. Tenants who always pay on time continue to do so, and those who choose to ride the roller coaster continue to do so.
may 2020 update (+$467)
No issues! Let’s keep those (federal government assisted) unemployment checks rolling in! :)
April 2020 update (+$559)
These tenants paid once the federal stimulus was sent out. This will still be a roller coaster ride for at least a few months.
march 2020 update (+$2,497)
Happy tax refund season!
february 2020 update (+$1,533)
As noted last month, I got two months’ worth cash flow in February.
january 2020 update (-$641)
No deposit was made this month, with a huge asterisk: although the tenant did pay (late), my PM is holding the rent until next month to pay for an unrelated project at a different property. This makes January look bad but February will make up for it. Same applies to Lightning #2.
december 2019 update (+$536)
This property, my first BRRRR, cash flowed the most this year (even more than Central PA 4 Plex!). Ended the year on a high note.
november 2019 update (+$138)
This tenant is now quite far behind on rent. I spoke with my PM and he’s going to file for eviction in January. There’s a chance they will catch up when they receive their tax refund in February/March. Yes, lots of people play this game every year!
october 2019 update (+$477)
No issues, and tenants caught up a bit.
september 2019 update (+$36)
Just barely eked out positive cash flow due to continued uneven payments. Continuing to embrace the chaos with these “C class” properties.
august 2019 update (+$172)
No issues, but tenant keeps paying in uneven installments. I get periodic updates from my PM and other than that try not to stick my head in.
july 2019 update (+$577)
No issues, tenant paying in installments, but the total amount due eventually comes in every month.
june 2019 update (+$570)
No issues, collected some late fee income.
may 2019 update (+$464)
No issues and tenants paid in full.
april 2019 update (+$558)
Tenants are all caught up and now want to stay for another year! PM did a great job of navigating this and hopefully has turned a bad situation into a potential long term tenant.
march 2019 update (+$2,145)
Wow, tenants continue to get caught up in spurts. I’m continuing to ride this roller coaster!
February 2019 update (+$354)
No issues, except tenant keeps paying in installments. Property manager is working closely with them.
january 2019 update (+$1,433)
Another big month as the tenant continues to catch up on late payments. Wow!
December 2018 update (+$852)
I’ve never seen this before - the tenant has been catching up on payments like crazy since being taken to court. The jury is still out on what will happen, but again I commend the tenants for getting their act together.
November 2018 update (-$135)
This tenant is never catching up and my PM has filed for eviction. Major bummer since I’m just digging out of an eviction next door! Interestingly, they are still trying to make payments to catch up, which I commend them for. But they are just way too far in the hole.
October 2018 update (+$168)
More uneven payments. Looks like they will be moving out early in the next few months.
September 2018 update (+$84)
The tenant is paying but just in uneven payments. I hate playing this game but it is what it is. They are catching up very slowly. Next month will look better.
august 2018 update (+$786)
The tenant finally got a new job and has begun playing the catch up game - paying more towards rent every 2 weeks on pay day. I'm good with this for now and hope that they get caught up quickly - for my sake AND for the tenant's sake.
july 2018 update (-$679)
SMH. Both Lightning #1 and #2 fell flat on their faces this month. We have at least been getting some payments and some contact with this tenant. He finally got a job and we are expecting payments starting on his first pay day. We came close to evicting this tenant (along with Lightning #2) and are still close but he's shown enough goodwill to make us believe he will come through.
June 2018 update ($+33)
Very concerning to hear from my property manager that the tenant is already having trouble making payments. Apparently they switched jobs which caused the interruption in their personal cash flow. We are monitoring this situation very carefully - I don't like playing this game of wondering if/when the payments are coming.
May 2018 update (+$528)
First update for my first Central PA BRRRR! I've been waiting to add this property to my reporting until the property was "stabilized" (rehab was done, tenant placed, initial tenant placement fee paid, refinance complete, and initial mortgage payment was paid).
The first month is looking good with no issues! Lightning #2 will be added next month.
To learn more about how lightning can strike twice, click here.