 $24.51 away... (by WMH [NC]) Jul 16, 2019 12:58 PM
 $24.51 away... (by S i d [MO]) Jul 16, 2019 2:15 PM
$24.51 away... (by WMH [NC]) Jul 16, 2019 3:01 PM
$24.51 away... (by Sisco [MO]) Jul 16, 2019 3:38 PM
$24.51 away... (by WMH [NC]) Jul 16, 2019 3:46 PM
$24.51 away... (by BRAD 20,000 [IN]) Jul 16, 2019 4:47 PM
$24.51 away... (by WMH [NC]) Jul 16, 2019 6:34 PM
$24.51 away... (by Sean [OR]) Jul 16, 2019 7:22 PM
$24.51 away... (by Still Learning [NH]) Jul 16, 2019 10:14 PM
$24.51 away... (by Doogie [KS]) Jul 17, 2019 9:05 AM
$24.51 away... (by 6x6 [TN]) Jul 17, 2019 6:23 PM
$24.51 away... (by WMH [NC]) Jul 17, 2019 6:26 PM
$24.51 away... (by 6x6 [TN]) Jul 17, 2019 8:02 PM
$24.51 away... (by WMH [NC]) Aug 26, 2019 9:45 AM
$24.51 away... (by WMH [NC]) Posted on: Jul 16, 2019 12:58 PM
Message:
In running this month's Rental Report, I see that after turnovers and rent hikes, we are $24.51 per month away from a significant new round number milestone. Next renewal or turnover, someone's rent is going up by a very odd amount LOL! --50.82.xxx.xx |
$24.51 away... (by S i d [MO]) Posted on: Jul 16, 2019 2:15 PM
Message:
Hah, that's funny!
I try to make all increase based on a percentage, but round up to the nearest $5 just to keep things even.
So for example, the lease says "At each lease renewal, the rent shall increase 2.9% above the rate currently in effect rounded up to the next highest $5 increment. For example, if the 1st year's rent is $550, it would increase at the start of the 2nd year by 2.9% to $565.95, which would then round up to $570."
Easy to understand and keep track of this vs. having a rent with odd-ball pennies at the end. And gets me $4.05 more per month. ;-)
So what's your milestone? Inquiring minds want to cheer for you! --107.216.xxx.xxx |
$24.51 away... (by WMH [NC]) Posted on: Jul 16, 2019 3:01 PM
Message:
Hmm trying to figure out how to post it publicly without posting it publicly. ;0)
--50.82.xxx.xx |
$24.51 away... (by Sisco [MO]) Posted on: Jul 16, 2019 3:38 PM
Message:
$1,000,000.00 per month gross income? --72.172.xxx.xx |
$24.51 away... (by WMH [NC]) Posted on: Jul 16, 2019 3:46 PM
Message:
HAH Sisco my friend, I wish! Nothing like that. We are small-timers...31 units and one under perpetual construction... --50.82.xxx.xx |
$24.51 away... (by BRAD 20,000 [IN]) Posted on: Jul 16, 2019 4:47 PM
Message:
W,
Congrats! I hope that secret number has many zeroes!
BRAD --73.102.xxx.xxx |
$24.51 away... (by WMH [NC]) Posted on: Jul 16, 2019 6:34 PM
Message:
Brad, I like numbers than *end* in zeros...as many as possible. --50.82.xxx.xx |
$24.51 away... (by Sean [OR]) Posted on: Jul 16, 2019 7:22 PM
Message:
I like the idea of base % and rounding up to nearest $5 on rent increases. Congrats WMH[NC]! --47.28.x.xxx |
$24.51 away... (by Still Learning [NH]) Posted on: Jul 16, 2019 10:14 PM
Message:
Congratulations. I say round up to $30! --107.77.xxx.xxx |
$24.51 away... (by Doogie [KS]) Posted on: Jul 17, 2019 9:05 AM
Message:
Congrats WMH! I too hope that number has many 0's after it for you! --68.102.xxx.xx |
$24.51 away... (by 6x6 [TN]) Posted on: Jul 17, 2019 6:23 PM
Message:
Congratulations. That really is funny. So do you have rents that are uneven now? --73.120.xx.xxx |
$24.51 away... (by WMH [NC]) Posted on: Jul 17, 2019 6:26 PM
Message:
6x6, I have people who pay pennies as identification when they do in-branch deposits. $1200.07, $1125.11, etc. This lets me identify that they paid.
When they pay online, they don't need these "cents identifiers."
Over the past year, more and more pay online, thus the odd number. --50.82.xxx.xx |
$24.51 away... (by 6x6 [TN]) Posted on: Jul 17, 2019 8:02 PM
Message:
Thank you WMH. That makes sence. --73.120.xx.xxx |
$24.51 away... (by WMH [NC]) Posted on: Aug 26, 2019 9:45 AM
Message:
Well, I not only hit the $24.51 but overshot it by $33.13, so now I have a new goal LOL! New tenant just got a cat, so $25 closer to the new goal already :)
I know the amounts are small, but with such small amounts have we grown to triple what we were doing not very long ago. --50.82.xxx.xx |
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