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 September, 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 $15,861.10. This is up a very solid 11.2% from last September. This growth is due to both organic dividend growth as well as some new purchases over the last 12 months.
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 repairs required this month. As a result, our cash flow was $1,691.01 for the month.
This was solid performance, although we had a few minor issues here and there with repairs needed, etc. Our new (higher) rents for the properties in AZ should start in November, so that should increase our monthly cash flow by about $200/month.
Total investment income this month
Dividend + rental income = $17,552.11
Total monthly income was very solid, and the total was up 16% from last September.
Quarterly analysis
Our cumulative dividends for the year have finally passed 2020’s pace and we 1% ahead of where we were last year.
Our cumulative yearly rental income is doing a bit better and we are 24% ahead of where we were in September of last year.
And finally, our total passive income is 4% ahead of last year’s pace, but still behind where we were in 2019.
Doing some quick math we are on pace for about $90,000 in passive income, which is quite a bit behind the $100,000/year goal I’ve set for the year.
Changes
Earlier this month I purchased some Viacom (VIAC) and British American Tobacco (BTI). Both are deep value plays, and BTI will throw off ridiculous amounts of passive income.
Recap
The last month of each quarter is always awesome for our dividend income. The majority of our stocks and all of our mutual funds pay their dividends at the end of the quarter. We’ve deployed a bit of additional capital to hopefully goose our income 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?