I always love reading blogs about other investors’ investment income. Watching other people’s investment income rise is my second favorite thing (the only thing better is watching MY investment income rise!)
Here is our investment income for November, 2019. This report includes income from dividends, interest, mutual funds, and rental properties.
Overview
November was a great month. For the second year in a row we hosted a Friendsgiving gathering at our house, which resulted in almost 40 people at our house. It was a ton of fun. After that we did actual Thanksgiving at my sister and brother-in-law’s house in Arizona. My mom and her husband came as well, so it was a good time.
Without further ado, here’s what our investment income looked like for the month:
Dividend & Interest Income
Total dividend income for the month was $1,609.81. This is down 41.0% from last November’s total of $2,729.01. That decrease is entirely due to the sale of OHI, which was (by far) our largest dividend payer.
Our cumulative year-to-date dividends are up 12% from last year, which is pretty much inline with where we’ve been all year. I’m pretty pleased with this, as all of my projections have assumed 10% annual growth. I expect that we’ll end the year at around this level.
Overall, a solid month.
Rental income
This category includes net income from the 6 rental properties that my wife and I own, plus 50% of the income from 4 rental properties that we own with my mom. This number does not include appreciation of the properties or the decrease in the mortgage balance (those numbers show up in the net worth report).
However, this income is net of all mortgage, tax, and insurance payments. That is, this is a true cash flow report for our rental properties.
November was a good month for our rental income. Total rental income for the month was $2,659.06. Most of the income came from the 6 properties we own ourselves, with just $545.22 from the 50% ownership of the 4 properties we have with my mom.
Our rental income is up 816% compared to the same period last year. Last November we had a huge loss on our properties (-$2,798.53) due to some vacancies and repairs. So not only are all the properties currently rented and there were no repairs this month, we also have a a few more properties than we had last year at this time.
I’m feeling very good about our decision to deploy some of our cash into rental properties earlier this year. I think that when the inevitable stock market correction comes we’re going to love taking our higher rental income and using it to purchase stocks that are on sale.
Total investment income this month
Total (dividend + rental) income = $4,268.87
It is just fantastic to see our passive income continue its upwards march.
In terms of total cumulative income through November, we are up 47% from this point last year, and this percentage increase has actually been increasing as the year has gone on.
Looking at our trailing 12-month total income, you can see that our passive income has been doing exactly what we want it to do – it’s been trending up and to the right.
My goal for the year is to generate $85,000 in passive income, and we are currently on pace to exceed that number. In fact, the actual passive income received over the last 12 months was $94,315.86. I expect our actual total passive income for 2019 will be as much as $95,000.
Changes
No changes to our portfolio this month.
Recap
November was a good month. Our passive income was good, our rental income was ok, and we appear to be very much on track to hit our yearly passive income goal.
I’m very much looking forward to December, as it’s always been, by far, the biggest month of the year for our passive income.
How did everybody else do with their investment income this month?
Are there any investments out there trading at reasonable valuations that I should be looking at?