Oh it’s that time of the year again…
That time of the year when the weather is getting cold and everyone seems to be sick or getting the flu.
Everywhere you go, it’s like germ central. Myself included. 🙁
On the bright side though, we’re getting very close to the holiday season. My favorite time of the year!
Now that I’m feeling a lot better, I’m ready to catch up on my monthly expense report and update you on what’s been happening to me over the past couple of months.
Missing September 2017 Expense
In September, I was in major vacation mode and went to Taiwan to visit my family.
This trip was our honeymoon so tracking my expenses or watching my spending was the last thing on my mind.
In addition to our wedding in May, we also held 2 wedding dinner receptions in Taiwan for my relatives during this trip.
With everything that was going on, I just didn’t have time to work on the expense report.
But it was definitely worth it because we had an amazing trip and we’re already planning to go back there next year around CNY! 😛
Rental Property #5 Officially…. Rented!
No matter how sure you are at the rentability of your property. There is always that slight bit of doubt in the back of your mind.
… Until your property gets rented! 😀
It is like music to every landlord’s ears when they hear that their property has been rented out.
So when this opportunity presented itself, I jumped on it the first chance I got.
In September and October, I had my contractors do some renovations while my PMs had potential tenants coming in and out of the property for viewings.
Overall, the process went by pretty smoothly and it didn’t take long to rent out the units.
Another Property’s Tenants Suddenly Left….
While renovations and viewings were happening at RP#5, I found out that my tenants at RP #3 left without notice while I was away on vacation.
This is actually the first time I’ve experienced this “leave-without-notice” kind of situation.
Tenants leaving suddenly is probably one of the reasons why people don’t want to deal with renters.
But to be honest, it actually worked out better for me because I was able to find new tenants the following month and increase the rent by a few hundred dollars more. Pretty awesome, right!? 😀
Categories that we went over budget
Restaurants / Eating Out
I’m quite surprised that this is the only category that we went over budget.
Even though we went over budget by $83, we actually ate out fewer times this month (only 6 times!) compare to the previous month.
It’s also worth noting that I didn’t even bother using the cash envelope system to keep track of our spending.
What I did keep from that system is using the same budget and stored all my receipts in the envelopes, then recording them down as the month went by.
October 2017 Expenses Breakdown
October 2017 Goals
- Read 10 chapters of REI in Canada. DONE.
- List 5 things online to sell. DONE.
- Write 2 blog posts. FAIL. Wasn’t even close… Had too much going on at work and it took over a lot of my free time.
- Get finance renewal done for RP#3. DONE.
- Drink 2L of water for 20 days. FAIL. Close though. I managed to drink water for 15 days. Will try again next month