April 2015 Net Worth Update (+$16,009)

Highlights for April

  • We have earned approx $3,400 (in gift cards, points, and miles) through credit card signup bonuses in the part year. We are actively working on 2 additional bonuses including the Delta Amex Card for 50,000 Skymiles & Barclay Travel Plus Card for $400 in travel credit.
  • Our properties are listed on our balance sheet based on their cost basis, not current market value. We have done this during the the real estate market highs and lows. I believe real estate is too illiquid to list based on recent sale transactions.
  • April's focus has been on the rentals as 2 of our tenants have indicating they are not renewing this year. The good news is looking at the rental market we are bumping the rent on each of these properties by $100+/mo which will certainly help with cash flow. However the time required to re-rent these houses w/ my work & family commitments is a challenge. I am seriously considering if I need a property manager going forward especially if work demands continue at this pace.
  • Our investment portfolio did well this month compared to our benchmark. Our gains were partially driven by some recovery in the oil industry including our recent ETF investment (USO).
  • I discovered when creating this report, that BB&T has not processed our recent mortgage prepayments correctly and applied them to our monthly mortgage payment. I'll have to dig into this, net is this has increased our cash further short term since we didn't have our mortgage payment deducted.
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    Comments (1)

    I love reading your posts! You are one of the bloggers who has inspired me to publicize my net worth. I hope I can get up to your level someday. Please dont stop writing, I like reading the posts.

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About 2millionblog.com

A personal finance weblog of my journey to reach my goal of $2 million + the value of my primary residence.
Current Net Worth: $1,701,144


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