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 October, 2021. This report includes income from dividends, interest, mutual funds, and rental properties.
Overview
Without further ado, here’s what our investment income looked like for the month:
Dividend & Interest Income
Total dividend income for the month was $3,124.26. This is up a 7.4% from last October. All of that growth is due to dividend raises from the stocks I own, and I haven’t purchase any additional shares in the stocks above in the last 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.
All properties are rented but we had some significant improvements made to a few of the properties. We have decided to remove carpet where possible and replace with tile or vinyl planking to reduce long-term costs and (hopefully) increase the rent we can charge.
This resulted in a LOSS of -$4,944.27 for the month. Rough.
Total investment income this month
Dividend + rental income = -1,820.11
Ugh. Another month will a negative investment income. This is the second one this year and it puts our cumulative rental income for the year at the lowest it’s been since I started tracking it in 2017.
Our total cumulative income (rental + dividend) is better, but we are now behind where we were in 2020 and 2021.
It now looks very unlikely that we’ll even hit $90k in passive income for the year.
Changes
No changes this month.
Recap
Our dividend income has been steady, but our rental income is all over the place. However, a planned refinancing of one property to pay off the mortgages on 2 other properties will hopefully increase our cash flow going forward.
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?