Overall, things are good. Our work/life balance is very good. Our income in Q1 was significantly lower than our 12 month average. Our income lags a few months so the end of last year started getting slow. It seems busier now in Q2 but nothing like last year. This pace is 100% financially sufficient for us. Rentals take up about 50% of my day now, the other half for sales. May shed my least favorite rental house in a few months...seems like a good way to decide which one you would sell. Trying to make room for the right mix of rental units as we start thinking about working less some day. I feel like I could take care of more units if they were build in the last 20 years and have already been remodeled/brought up to general standards. These older houses are just harder to keep together honestly. Too many headaches.
Several agents seemed to have dropped out and don't see activity from other mid-level producers as we historically have. Still no RE deals. Rentals are still packed, collecting great rent but feel like it will probably be flat for a while. No vacancy, multiple applicants within 24 hours of posting anything For Rent.
Debt to assets = 56.52%
Other Debts = deferred RE debt |