Christmas is looming fast and we had another busy month on both the work and home front.
The run-up to Christmas on the home front is always manic, as you might expect with six kids in the house.
I also had quite a bit of extra sorting out this month with our rental properties, on top of all my regular work.
I had to find a new tenant for one house, which meant some work in repairing, redecorating and cleaning up after the last tenant left. A boiler in another of my houses gave up the ghost and had to be replaced, and I had to arrange buildings insurances and gas certificates for 3 of my properties, as well as all the general maintenance and usual tenant issues.
What can you say about us rich greedy ruthless Landlords with nothing to do but watch the money roll in!
Moving on, we had a positive month on the figures with just over a £5k increase, and in particular, breaking the £10k barrier on the matched betting with a £1000 bingo win!
MONTHLY UPDATE AND GOALS
Net Worth November ’19 – £539,998 (Oct ’19 £534,406) +1.0% +£5,592
Assets – £780,584 (£775,456) +0.7% +£5,128
Cash/bank £2085 (£1000)
Main Home Q3 £415,406 (Q3 £415,406) +0%
Rental Properties Q3 £171,355 (Q3 £171,355) +0%
Pension SIPP £191,738 (£187,695) +2.2% +£4,043
Liabilities – £240,586 (£241,050) -0.2% -£464
Main Home Mortgage £88,500 (£88,850)
Loans, Debts and credit cards £152,086 (£152,200)
Overall Net Worth in November has increased by a healthy £5,592.
The increase in our net worth is mainly due to a 2% rise in the SIPP valuation, more cash in the bank, and a small decrease in our liabilities.
Main home and rental property values were calculated using the Nationwide House price index calculator and will be updated when Q4 figures are published.
SIPP Dividends paid in November – £243
Dividends 2019 ytd £1,995 Av. £181/m (2018 total £1306, Av. £108/m).
Other Monthly/weekly goals
Matched Betting +£1248 this month (+£523 last month)
Total to date since starting 25m ago £10573 Av. £423/m (£9325 to last month Av. 389/m) means we made £1248 profit this month, broken down as follows.
Casino/slot offers to date £4470 (3429) = £1,041 profit this month
Each way sniping to date £408 (£342) = £66 profit this month
Normal match betting offers £142 profit this month
Diet and Fitness – Getting in 2 runs, 5 a side football, and 3 home weights sessions per week. Being stricter on the diet with IF (16:8) and trying to make sure my protein intake is 0.8-1g/pound of bodyweight, as still hovering around 75kg and 20% fat.
eBay/selling – Mrs Fu has been trying to sell some old toys and clearing out general stuff.
Thanks for reading.
Any comments/questions always welcome
Managing your own rental properties seems like a lot of hustle to take on when having 6 kids, regular work and match betting.
Have you ever considered hiring a property manager or agency to take care of your rental properties or is it not cost worth it?
Hi Tony
I prefer to manage them myself and quite enjoy it. I have full control over who I let the properties to and of course it saves money!
Cheers
It took me to my early 50s to have my “lightbulb” moment. Fortunately by luck have an ok DB pension from 60 so saving frantically into my works D.C. scheme to retire at 55.
We have 3 rental properties that we manage ourselves. We meet and interview each prospective tenant and up to now all has gone well.
My oh retired at 49 from the police and is loving retirement. He plays 7 a side 3 times a week, does weights regularly and is fitter than he has ever been.
I can’t wait to retire so I have more time and energy than just my weekly Park Run and weights session.
Never done matched betting but might give it a go after I have retired.