Before I get into the latest financials for the apartment, let me say the Chez Cliff blog has shut down. Cliff started out blogging about REI and, after being laid off, moved into a consultant role and steered his blog in that direction (very similar to what Kenric has done.) Cliff's last post mentioned that he didn't want to be posting on his blog just to post. I can understand that. It's easy to fall into the trap of feeling like you have to post something every week or every X days. I've felt that way too, but my desire to post informative items tends to outweigh that desire, so I can resist that urge, it seems. (Case in point: I noticed I didn't post at all last month.) A while ago, I wrote a post musing about where all the old bloggers that I used to follow went. Many have given up on their blog and / or (presumably) moved on from REI. I'm sorry to add Cliff to that list. But it's pretty clear that he's not abandoning what he was doing. In fact, it's obvious he is enjoying his new consulting business. He just got tired of blogging. It's sad to lose another blogger that I regularly followed, but I understand Cliff's reasons and I wish him the best. (P.S. I'd link to his old blog, but he seems to have taken it down. That's a decision I personally disagree with. Even if I didn't want to blog anymore, I'd still leave the blog up - simply because I think it's got a lot of useful information that people might learn from, even if no new content was being added.)
On to the latest apartment news.
The February numbers are in and the financials continue to improve. February showed a $2,600 increase in revenue from January and more than a $7,000 improvement over December. This is not quite as big a jump as management expected (last month they said they expected a $5,000 revenue increase), but it's still nothing to sneeze at. This month, managment says they are expecting a $2,000 increase in March.
Occupancy inched up another percentage point to 94% while rent concessions dropped by about 10%. Marketing and retention costs also dropped by almost 20%. Perhaps this is a sign the economy in Texas is improving. We received almost $50,000 back from the escrow impound account after the yearly escrow analysis. This is a one-time gain and the money was used to pay off some old bills that were not paid during the leaner months of last year. Overall, for the first two months of the year, we are running about $40,000 ahead of our budgeted income. Granted, that large chunk of change from the escrow impound refund helped us, but moving foward, I think we'll be in better shape. As mentioned last month, our March loan payment will be about $8,000 a month less due to our property tax valuation appeal from last year. That will definitely improve the bottom line. I'm crossing my fingers, but it looks like we might have turned the corner here.
In other news, I have completed the rollover of my Roth 401(k) into my self-directed Roth IRA. As soon as my partner finds a new hard money loan, I'll put those funds into action.
Thursday, March 31, 2011
Today I am up early ... Thursdays are always SO early because we get up early to get the girls ready for school, so if you ever wonder why on Thursdays I am a zombie that is why lol. I have been having major sleep issues and can't go to sleep before 1am!! I just can not function on 5 hours of sleep...at least not as a nice person anyway. Yesterday I didn't leave the house, all day! I decided to stay in, clean, do laundry, do some work on the computer, clean out drawers, etc. It felt good to not put make up on or fix my hair for a day I must admit...and to just be able to get things done! I think we all need and deserve those days every once in a while!
Today, a local UK Fraternity that has done wonderful charity work around the city, is being recognized and honored for their hard work with a total makeover for their basement in the frat house... awesome! Even better, my mom was chosen as the Interior Designer ...
Cute little work picture haha
I am going to support her this morning and, lets be honest, because the news and ESPN will be there and filming the whole thing and I can't miss something huge like that lol.... so more to come on this, I will take pics and post them later today or tomorrow for everyone to see! Should be fun!
Do you watch Teen Mom 2??? If so... you will die at what was just released...
While just watching the news,
well kind of facebooking and listening to the news on the TV, ha I just saw this... I am almost ashamed that I will be giving it views by posting but still...WARNING it is the trashiest thing you will ever watch and I am sorry for passing this classless act to you lol
(mute my playlist at the bottom first)
OMG are you dying? What a FREAK! I couldn't stand her on the show because I would get goosebumps when her and her even trashier mom would scream and yell at each other in front of Jace (1 yr old) ughh it would drive me crazy! Then she met Kieffer... what a TOTAL loser...and now she is beating up some girl like a true trashbag and letting it be video taped for the whole world to see. Wonder if they will ask her about it next Tuesday night on the after the show finale? Gross. Period the end. Gross.
On a brighter note, today would have been my Mamaw's 84th birthday... it has been almost 2 years since she passed and I miss her bunches! She was so funny and always smiling and just made you feel warm and cozy to be around (except for towards the end, she had Alzheimer's, and sometimes she would say crazy embarrassing things that literally you couldn't help but laugh at but really wanted to crawl under a table lol). I know she is having the best birthday yet today and in such a better place :)
This was one of her last birthdays... maybe 3 or 4 years ago She looks so happy though :)
This is one of my favorites, me mom and mamaw with our sunglasses on haha
So cute :)
She got to meet Frankie!! aww... this was right when we got him so he was a grease pot bc he couldn't get groomed yet lol but he does have on a green Polo you just can't see it ;)
HAPPY BIRTHDAY MAMAW! xoxox
Lastly, I made a facebook fan page for one of my builder accounts yesterday... please "Like" it .... especially if you are a Lexington friend, lol I appreciate your support and need to get some followers... you can click the link below:
Tuesday, March 29, 2011
This note accompanied this first graders homework assignment on parental occupations
Dear Ms. Davis,
I want to be perfectly clear on my child's homework illustration. It is NOT of me on a dance pole on a stage in a strip joint surrounded by male customers with money. I work at Home Depot and had commented to my daughter how much money we made in the recent snowstorm.
This drawing is of me selling a shovel.
And just for fun... in case you haven't alread seen... our KY Wildcats are pretty much famous and all the celebs want to be us ha... even Jay-Z for petes sake! LOVE it!
Happy Tuesday Friends!
Sunday, March 27, 2011
Here's to the CATS! But first...
And for Vickie, I feel sorry for her that her and Don are getting a divorce... I do like them, and I feel like they were doing so good and working it out.
Maybe they will re-unite before next season lol you never know!
This is random but I forgot to share that I went to a charity event last week called Bids for Kids, my great sweet friend Noreen took me and it was so nice and such a good time. There was a silent auction (which I love, they are so fun!) but somehow this was the only thing I ended up coming home with...
A BIG basket of goodies for my baby! Treats (which made his butt throw up all night ha sorry if that was TMI), lots of toys and bones and even a new bottle of cologne! He loved it! (Hence the posing next to it for a quick photo op) <3 his little heart!
At church this morning, Ava said in her class she was asked to draw a picture of herself somewhere she is happy... and she chose the beach...this was her picture...
Look at her bikini hahahahaha is that the funniest thing you have ever seen?! So sweet! I don't know what is funnier, the fact that the bathing suit looks like it is from Vicki's and she has huge boobs (she is 6yrs old) HA or the fact that she did this artistic rendering at CHURCH! LOL too funny. made me laugh.
And lastly but very importantly... I will be putting on a NEW listing tomorrow! Great house for sale for all you Lexington friends... more to come later, but here is a sneak peek ;)
Wednesday, March 23, 2011
Frankie & Lucy-Belle hanging out at the park
LOVE this Lily dress in white, must have, so cute....
This Lily Dress is so cute too... obsessed... I die (when does Rachel Zoe come back on? love her!)
It is really the only workout that I could see fast results from, and I am a lover of instant gratification.
Tuesday, March 22, 2011
Sorry if you are an Obama lover.... but this is hysterical if you haven't seen it already...
Saturday, March 19, 2011
He gets sleepy... just like the rest of us ;)
He is a tad dramatic when he needs to be .... but hey who isn't? After all, it is a little humerous to watch!
You know you've hit the big time when they have made offical "Silly Bands" of your face, doesn't get much better than that...except for that not only kids where these, adults sport them too! :)
Smart man, keeps his friends close, and his enemies closer!!!
He's taking us to the Sweet 16!! Woohoo!!
C-A-T-S Cats, Cats, Cats!!