Thursday, December 1, 2016

Passive Income Report: November 2016

It is time again for my Monthly Progress Review.

In each progress review I will list a summary of all dividends I received, the rental income I received, and any purchases I made from that particular month.

This monthly report covers November 2016.  

I hope you enjoy these posts and that we can learn how to grow our passive income streams and build real long-term wealth together! 

Read More to see how I earned $581 this month in passive income,

Dividends Received
I received dividends from four companies and one option this month:

Magellan Midstream Partners, Amerigas Partners, HCP Inc., and Prospect Capital.  Listed below are the details for each:

Rental Income Received
I currently have two rental properties, my Missouri Rental and my Colorado Rental.  Listed below is the cash flow they provided this month:

Therefore, for the month of May, Total Passive Income Received: $581

Again, no new purchases.  

I am SO ready to start purchasing again.  Unfortunately, I think any new purchases are still several months away. I'm targeting January to start making purchases again, but quietly behind the scenes things are coming together to make the 'purchase wave' start happening again consistently.  Stay tuned. 

Wells Fargo was my last purchase at an entry price of $48.50 several months ago, which has been a great buy thus far with the stock in the high $52s, so I am happy to have done that particular trade.  I anticipate bank stocks will only go higher in the short term (~1yr), and in general I am very thankful I have locked in a bunch of fixed rate debt.  My ~$700,000 in mortgage debt will be paid off for me with inflation.  The snowball is going to take off by mid-2017.  Patience and diligence!

Thoughts on This month
Overall, this month was decent, with no systemic changes or concerns.  I did have two expense costs with my rental properties, totaling $115: one was a shower door repair ($75), and the other was a sprinkler system blowout ($40), since winter is coming; this resulted in my cash flow being negative for the month for my Missouir property and lower than usual for my Colorado property.  

Rental property expenses are always frustrating, but I know they are a part of the game. What most bothers me is that I unfortunately do not think I will make my passive income goal this year of $10k, ONLY because of higher than rental property expenses that hurt my cash flow. ARGH!

In general, this was still a great month for my passive income portfolio.  With the addition of this month's income to my Progress Tab I now have earned $6183 this year in passive income.  I belive I will come close to $10k, but will ultimately fall short.  We will see.

As always, I appreciate your thoughts and insight.  

Thanks for reading,

Passive Income Dude 


  1. Awesome update. Nice to see that passive income stream coming from a variety of sources. Being in the black for your rentals is always a good thing to see too even when those inevitable expenses come up each month. That's part of the rental game in general. It's like a business. There are costs each month but as long as rent covers those costs and then some you are golden. Thanks for sharing.

    1. Thanks Keith! No crazy changes really with this month, but I still HATE real estate expenses. :) I believe my two properties will end the year solidly in the positive for both cash flow and total earnings, so I am thankful.

      I think 2017 is the inflection point in my plan where things move to the next level. Thanks again for your support!

  2. That's a nice update. It's nice to have various source of passive income and I'm starting to get back into one I left behind a while ago(writing) that will help get some income in the door. It'll be good for you to see those rentals in the green on a consistent basis. Get some passive cash flow income while you pay down the mortgages and benefit from appreciation!

    1. Thanks TimeInTheMarket, I agree that having multiple income streams is ideal. That's essentially what dividend investing is all about too though...multiple companies that pay you at different times, on a consistent basis! It's a beautiful thing! And you're right about being in the 'green' as well. My Missouri property has, and continues to be, very close to breakeven in terms of cash flow. The entire market had a big downturn in 2015 and I had to cut the rent pretty significantly just to get a tenant. Now, with any little expense, usually it ends up costing me money. As you say though, the mortgage is still getting paid off, I still benefit from some tax reduction, and I get capital appreciation (though there really isn't any!). Thanks for stopping by, Dan.

  3. Congrats on another fine month. I wouldn't worry too much about the rental ups and downs. It happens. Best of luck in December.

    1. Hey thanks IH. I hope I am not coming across as complaining, because that is not my intention by any means. I know it is part of every real estate investment.

      It is frustrating sometimes though to see random repair costs needed, like "shower door", "screen door", "front steps", etc. It oftentimes is unexpected, and lowers your chances of hitting your goal. Thanks for commenting!

  4. Great work PID,

    You are just ahead of me with me on passive income. Your real estate will only grow in time and I look forward to see how it grows next year.

    1. Hey Divi Cents, that's funny, as it seems like we are consistently neck and neck. :) Good company for me to be in!

      To be honest, I am looking forward to the end of this year (December), and especially next year. I feel like we've made the right moves and have been diligently saving and REALLY watching our spending (very poor wife!) for so long, that I think momentum really will pick up once the debt is eliminated. Thanks again and please stay in touch,

  5. Woohoo on $581 of passive income. Great stuff that you already have multiple passive income streams set up.

    1. Thanks Tawcan!! I'm honored to have you comment on my blog. I may have said this a few places now, but the reason I decided to pursue 'multiple' income streams is that I got very tired with the slow slog that it takes for just dividends. But dividends were where I started and loved and continue to love. I blogged for years under a dividend-named blog (and probably should have kept it up). But then I started trying to find bigger returns, and the timing of my Real Estate pursuits (2011, 2012, 2015) seemed advantageous given some of the macro economic trends. Now I just love both and try to grow each. Thanks again for commenting,