RentalStarter - A Midwest Real Estate Investment Company

[Surf Capital Management]

From: https://www.havelockinvestments.com/fund.php?symbol=RENT

October 29th, 2014 - We will be doing a live chat session for all investors via IRC on freenode at #RentalStarter. The chat session will be from 3-4PM Eastern Standard Time (GMT-5) Friday, October the 31st.

You can access Freenode via webchat at : http://webchat.freenode.net/

We will be talking about some future plans and forecasting for q1 and q2 2015. Be sure to attend!

Does anyone have a transcript of this conversation? Did the meeting actually occur?

[sporket]

Bump and shoutout to Benny and Branny, bitcoin's favorite flimflam bros.

[Silverspoon]

As I've stated, I've been compliant with what you've asked and even committed to no longer raising funds on any bitcoin system.

I have little to no influence as to what my brother does with his business.

Another lie, Mr. Schlichter?  Your third (final?) funding round postdates this.

[jimmydorry]

Glad I never bought in.

I was seriously contemplating when it first started.

[Swordsoffreedom]

Have not been keeping up to date with this asset
Looks alive from havelock though

January 9th, 2015 - Rent has now been collected for January and divs have been determined today to be $1,548.86 USD which comes out to 5.22btc to split among the 171,028 shares outstanding.

January's total rent collection was the highest of any month at a total of $8,265 from a total of 13 occupied rental units.

While total revenue is higher we have made the decision to add several depreciation and operating costs into the dividend amount as these have to be paid. Rather than doing it on a per-propery basis these are added in at the end and split between issuer & shareholders.

December 29th, 2014 - We will be hosting another investor conference all via IRC January the 1st 2015 at 4PM EST (21:00 UTC).

We will go over end-of-year financial performance metrics as well as goal setting for the year ahead. Many great things are taking place and we are looking forward to a extraordinarily profitable 2015!

You can access the chat via freenode at webchat.freenode.net then joining the chat #rentalstarter. Our client of choice is irccloud.com which is also a IRC webchat, however it stays online even after logout for 2 hours.

If you have a question that you would like to be addressed during the conference call, but will be unable to attend, please email me at BrandonSchlichter@gmail.com and I will make sure it's answered and that you receive a full chat transcript.

December 11th, 2014 - Investor payment has been determined today - $1,806.25 USD is disbursable.

$360btc as per Coinbase @ 15:15UTC = 5.017btc

Total of 0.00002933btc/share.

Thanks for working with RentalStarter!

December 9th, 2014 - We have now finalized the financial performance report for RentalStarter. This will be the final financial statement released for the year of 2014.
For the month of December, or gross revenues amounted to $6,720, of which $3,905.58 acted as net operating income. This represents a net operating margin of 58%.

Overall, we are very pleased with the total company performance in 2014. We are currently under contract on two more properties which will be financed via traditional debt finance (Mortgage). We expect January revenues to increase once again as we have secured tenants for 3 of the remaining 5 vacant units our company has. Our primary hurdle to achieve 100% tenancy has been finalizing rehab on properties.
Recently we have set a goal for 2015 to end the year with 50 units or more. In order to accomplish this we will need to expand our rehab team. We are very happy to announce we have added a state licensed, bonded and certified contractor to our rehab team. There will be no additional cost for employment as costs will come directly out of new rehab funds. This will also add a new layer of protection as all work will be certified by a state licensed contractor.

As part of this, our prospectus will need to be re-vamped as we did not achieve nearly the capital investment that we had intended. Originally we had estimated total investor funds of $700,000-$1,000,000 USD when in actuality the total investment from 2013 & 2014 has been $397,000. As per our board of advisors, we are not intending to do any subsequent rounds of equity financing. It is also our preference that all listed treasury shares be reserved for the sole purpose of allowing current investors the ability to directly fund the company through a discount program, once shares get close to par value.

The financial breakdown & performance for RentalStarter can be found at the following link.

http://urlgone.com/1bb259/

As per the above document, the dividend will be $1,806.25 for the month of December. This will be issued between now and December the 15th.

Thanks for being a part of RentalStarter! If you have any questions the issuer can be contacted via BrandonSchlichter@Gmail.com

[Justgot_here]

So... what's with the price spike earlier this month, and steady rise? I haven't been following RENT for a while.

[andyfletcher]

I think it is a combination of factors.

1. RentalStarter is based in USD (Real bricks and mortar and rents from tenants). The recent drop in $ per BTC has made it look cheap (Asset value after liabilities is about $700k).

2. Has been trading for over 2 years now

3. Steady returns in $ terms.  Last year returned about $0.12/share. Expected to increase significantly over the next year. Don't forget the capital assets.

4. Regular and good communications from Brandon who runs the business.

If you want more details then contact Brandon, by email or on #rentalstarter on freenode and request an invite to the online web channel.


Andy

Full disclosure: I hold a substantial number of shares in RENT and have been increasing my holding over the last few months.

[Swordsoffreedom]

Got an e-mail from them in the general listing

We are now moving to a new company communications platform called Slack. Slack allows myself and the company Advisors to communicate in a chat-type environment while adding many cloud-like benefits (Spreadsheets, financial statements, and the like). This will be the new system that we use for meetings and business chat. I have sent a invitation to join the channel to every investor of record via the emails on file with havelock. If you are a shareholder and need to register another email that is not on file with Havelock, please email me (brandonschlichter@gmail.com) with your havelock registered email, your share count and the new email you want to use, and I'll send that account a invite. Please consider joining the slack, as it will be continually updated with important business information!

[Justgot_here]

I think it is a combination of factors.

1. RentalStarter is based in USD (Real bricks and mortar and rents from tenants). The recent drop in $ per BTC has made it look cheap (Asset value after liabilities is about $700k).

2. Has been trading for over 2 years now

3. Steady returns in $ terms.  Last year returned about $0.12/share. Expected to increase significantly over the next year. Don't forget the capital assets.

4. Regular and good communications from Brandon who runs the business.

If you want more details then contact Brandon, by email or on #rentalstarter on freenode and request an invite to the online web channel.


Andy

Full disclosure: I hold a substantial number of shares in RENT and have been increasing my holding over the last few months.

Hmm well I agree that all of those factors would explain upward pressure on the price, but the price jumped around 65% in two days (Jan 7-9) after seeing no significant movement for several months. The only announcement I saw around then was on the 10th, which was for underwhelming dividends. I may just be naive, but isn't that a little out of the ordinary?

[andyfletcher]

I think one of the biggest factors behind the price rise is the Havelock market buy volume is quite small. I understand that one investor was forced to sell and put several thousand shares on the market over over a period.  This depressed prices[1], and now that investor has sold them all the price has moved up to a point where buys and sells are balanced.

The other factors I listed previously also apply.

I'm in for the long term so I don't really care what the current price is other than I could pick up shares really cheap and now they have become more expensive.

Andy


[1] It also allowed me to pick up shares cheap

[TheRama]

I think it is a combination of factors.

1. RentalStarter is based in USD (Real bricks and mortar and rents from tenants). The recent drop in $ per BTC has made it look cheap (Asset value after liabilities is about $700k).

2. Has been trading for over 2 years now

3. Steady returns in $ terms.  Last year returned about $0.12/share. Expected to increase significantly over the next year. Don't forget the capital assets.

4. Regular and good communications from Brandon who runs the business.

If you want more details then contact Brandon, by email or on #rentalstarter on freenode and request an invite to the online web channel.


Andy

Full disclosure: I hold a substantial number of shares in RENT and have been increasing my holding over the last few months.

Hmm well I agree that all of those factors would explain upward pressure on the price, but the price jumped around 65% in two days (Jan 7-9) after seeing no significant movement for several months. The only announcement I saw around then was on the 10th, which was for underwhelming dividends. I may just be naive, but isn't that a little out of the ordinary?

The difference is investor relations...  He's actually pretty good at it, but really it doesn't matter because he's the only one who even cares about it at all.  If you look on Havelock, there are really only two funds with any volume or liquidity, AMHASH1 and RENT.

RENT is the only company that bothers to regularly update their Havelock page and with the thing he's doing on Slack, any shareholder can ask him a question 24/7.  He even posts all his company data and financials on the slack page.  All of which could possibly be fake, yes, but is very good for bolstering confidence in the stock.

Compared to the other riff-raff on Havelock, he seems to be the only person taking it even remotely seriously.

[NotLambchop]

...
I'm in for the long term so I don't really care what the current price is other than I could pick up shares really cheap and now they have become more expensive.

Andy
[1] It also allowed me to pick up shares cheap

How's that long-term NeoBee investment working out for you Andy, all good?  Everything on target?



@TheRama:  Hello, newfriend!
If this is your only account, why not lurk for ...oh, more than a week? before gifting us with your smartiferous learnings, insightful as them those may be?

 

[andyfletcher]

Ah, the trolls are out again

[NotLambchop]

Andy Andy Andy...  Ignored me on than your slick NeoBee investment of yours, thought you knew better... Owell
The rest of your posts seem to be pimping this Schlichter Bros. fail.  Not even gonna ask why you're not raving 'bout brother Benny's awesome offering*

From teh NeoBee thread:

I really don't understand what people think they will gain by deliberately trashing other companies. It is one thing to point out problems but the degree of vindictiveness and glee which is being displayed in some of the postings at other people misfortune is really distasteful and doesn't help sort out the issues. "Childish" is the best description I can use for some of the postings. ...

*[ticker:HASH] The issuer's website.  This d00d's all pro

...
...
http://20yearbillionaire.com/who-is-the-worlds-richest-man-i-am/ (taken down)
https://web.archive.org/web/20110106022728/http://20yearbillionaire.com/who-is-the-worlds-richest-man-i-am/ <==click this

[andyfletcher]

* andyfletcher ended up in pocket with N&B although I'm happy to xfer my remaining 87 shares if someone wants them!

On the matter of RS kindly take go and take a hike if you haven't anything useful to say. Just keep taking the handouts from MP and go and do something useful with them instead of annoying others?

At least I don't keep trying to hide behind anonymity. Time to stop feeding the trolls.

[NotLambchop]

^Lol @unloading your NeoBee goodness on greater fools.  Perhaps you can rinse & repeat with this awesomeness, but somehow I doubt it.
Best of luck tho.  Thanks for bumping.
As always,

  ~Happy Investing!

[Swordsoffreedom]

New Mail from Hav

We have finalized our financials through the 10th of February. This month we were able to rent out another, previously unoccupied unit since completing rehab on it. As of the 10th, one unit was delequent for rent, however is scheduled to pay us on the 13th. This will roll over to the next cycle if it is paid.

Total div is $1,611.05 with $2,024 allowable income to the issuer. Per-property breakdown is as follows.

Address   Split   Income   NOI   
W Mill   70/30   1000   $632.75 $442.93 $113.63
Logan   70/30   600   $378.75 $265.13 $262.44
Scioto/Union   53/47   1360   $874.80 $463.64 $411.16
E Mill   53/47   750   $476.51 $252.55 $223.96
Mulberry   53/47   1200   $249.25 $132.10 $117.15
Scioto Dplx #2   53/47   1300   $821.00 $435.13 $385.87
Walnut   53/47   800   $479.65 $254.21 $225.44
Scioto SFD #3   53/47   650   $421.38 $223.33 $198.05
Clinton   53/47   735   $492.63 $261.09 $231.54
Scioto Duplex #4   53/47   525   $354.46 $187.86 $166.60
N Brownell   53/47   0   ($193.00)   ($102.29)   ($90.71)
Water   53/47   0   ($235.00)   ($124.55)   ($110.45)

This February represents the best month for cashflow so far in our company's operation with a total of $8,920 taken as rent from Feb 1st through the 10th. We expect an additional $1,125 in rent by end of the month (Renting brownell & Scioto #4 unit #1 to catch up back rent). The income was somewhat offset by loan repayments ($1,190) and a very large unexpected electricity bill due to poor weather ($1,005). These are reflected in the diminished dividend this month as compared to what it would be under normal operating terms.

As always, if you have questions let me know via email at BrandonSchlichter@gmail.com, or via rentalstarter.slack.com (Our new slack portal). The slack is invite-only, if you are a shareholder who has not got access, please let me know and I'll get you invited!

[freedomno1]

We have finalized dividends for March.
The breakdown of rent can be seen at the bottom of our company finance spreadsheet. Total revenues for the company as of March the 12th totaled $9,805. This reflects a $800 deposit given to us to secure rental of E. Water street when it is complete and one late pay who has not paid us yet (South unit of N. Mulberry). This renter says they will pay shortly, and they have been late before but paid eventually.

Our company NOI continues to grow nearly every month. Shareholder disbursal income stood at $1,559 this month which is similar to what it was last month. This is primarily due to two one-off expense events (Income taxes and paying towards the very large electric utility holding bill). Issuer disbursal income stood at $2,197, of which $2,000 will be disbursed to issuer as salary.

Company net equity continues to stand in the sub-$700k range at $690,861 based on current available information. Our general operating fund balance stands at $20,579 as of today. Payoff of our contractor credit card + completion of E. Water is expected to be in the range of $8,600 and be completed by the end of the month.

Our primary goal at this time is to pay off our line of credit with the bank. This should allow access to the full line again of $100,000 which will be enough to continue to buy more houses.

We are also proud to announce completion of our 2014 taxes and reporting to the IRS. Our advisory board has been given a copy of, and approved the tax return we filed with the IRS. We reported a ~$32,000 net profit for 2014 before depreciation. Due to the net profit, we have had to pay the federal government as well as some local governments taxes, which are reflected on the month's balance sheet (Which can be accessed via our slack page).

We continue to be excited about 2015 and are on track to reach our net income and occupancy goals. Our primary concern at this stage is expansion of properties through 2015.

Once again, if you are a shareholder, you have been added to access our private RentalStarter slack page. A email was sent mid-February to your Havelock registered email address with access instructions. If you need help with access, please contact me at BrandonSchlichter@gmail.com

[freedomno1]

Havelock mail

Join us Wednesday, April the 1st on RentalStarter.Slack.Com for another all-day chat! We will be reviewing all the updated information that has transpired since the last update. Some of the major points of our chat are - Our 2014 tax filings, Title 3 & 4 of the Jobs 2012 act and our potential move towards a tier 2 A+ registered security, as well as debt funding goals for the next month. We have paid off all of our outstanding loans sans long-term mortgages and one contractor credit card. This should move total company NAV up a bit. Additionally our one lender is getting more bullish concerning our company which is good news. We will be talking to several other lenders the first few weeks of Aprils in the hope of securing more financing based on our currently owned properties. Lots of exciting things are going on with RentalStarter, so be sure to check out our slack!

[jrlichtman]

Somebody just dumped 4% of outstanding shares on the market?