patatty's Net Worth for April 2021

Assets Value Change ($) Change (%)
Cash $80,779 ($23,357) (22.43%)
Stocks $63,425 ($6,313) (9.05%)
Bonds $0 - -
Annuities $0 - -
Retirement $420,123 $1,840 0.44%
Home $668,953 $65,764 10.90%
Other Real Estate $232,313 $5,102 2.25%
Cars $9,000 - -
Personal Property $0 - -
Other Assets $23,679 $1,683 7.65%
$1,498,272 $44,719 3.08%
Debts Value Change ($) Change (%)
Home Mortgage(s) $466,991 ($1,006) (0.21%)
Other Mortgage(s) $149,354 ($246) (0.16%)
Student Loans $0 - -
Credit Cards $0 - -
Car Loans $0 - -
Other Debts $0 - -
Total Debts $616,345 ($1,252) (0.20%)
Net Worth $881,927 $45,971 5.50%
*All values shown in USD ($)
Updating home value and rental properties based on Zestimate.


4/29/2021 2:50:48 PM patatty
Spent about $14k on remodeling costs for rental property. Probably looking at another similar amount in the near future for the other unit in the duplex.
4/30/2021 9:20:22 AM mtthomso
Patatty, it's good to see that $14k number. Wondered if I was the only one. Whenever I've gone to real estate seminars and listen to gurus, they seem to always talk about spending $4-5k per unit for remodels. I've always spent $15-20K to do a quality job and received great response from the market. Your debt profile looks great! Best wishes on your rental.
5/4/2021 5:19:08 PM patatty
Thanks mtthomso! It's nice to hear I'm not the only one too! When we bought the property about a year ago, it seemed like a great price. But, we inherited tenants who turned out to be pretty low quality. Now that we've got one tenant out (a boiler broke), he's left the place in disarray - huge sections of drywall missing for no apparent reason, lots of junk inside and outside. Plus, the previous owner never did much upkeep or updating. So, I just decided that, rather than do the minimum amount to get a new tenant, I'd raise the quality to standard where my wife and I would have lived together when we first got married. I figure at least then, I'll have a shot at getting a B-class tenant, and I think I'll be able to raise rent by about $200, which would be about a 17% return. We'll see what happens...