One of the reasons my expenses were so high in June was because I went on a mystery shopping road trip. Virtually all of the $1,159 vehicle depreciation expense was for miles driven while mystery shopping. And, because I was paid for these shops in July (the check for that one route was $3,600), my income in June was very low... I deducted the hotels and service reimbursement charges from the income that I did receive in June, making what I report here seem even lower.
There is more drama with the rental properties. A tenant at one of the two managed townhouses reversed the $1,500 she paid in May for back rent and reimbursement for utilities. I wasn't billed for my negative balance, but I won't be receiving a check from the management company again until I bring my balance back to a positive amount. I received rent from all my other properties. Finally, I sold the S-10 to Carmax and am reporting the $1,500 I received in Other Sources.
June Income $7,925
$174 Mystery Shopping
$6,220 Rental Income
$6,220 Rental Income
$1,531 Other Sources
Notes:.
- I don't include transactions in my retirement accounts. This includes rental income, dividends and capital gains and losses.
- I include merchandising and hospitality work in the mystery shopping category since the companies that I shop for provide this extra side work.
No comments:
Post a Comment