RentalStarter - A Midwest Real Estate Investment Company

[jjdub7]

Boop!

Womp womp woooooooommmmmp (and I'm a shareholder).

[1714928246]

1714928246

[1714928246]

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[Branny]

Time to buy

[floatyfish]

Frankly, with the stock price going this low, I think this is a good time to buy, especially for those who were hesitant to jump in at first.

[ABitInterested]

Congratulations on everything, looking better every month.

[NotLambchop]

^Guess there's more than one way to make money in real estate

[thehun]

Someone took a big dump... pity I wasn't paying attention to grab some cheap shares.

[VJain]

My bids all got filled . Maxed out for now. Need to diversify a bit more.

[Branny]

Someone took a big dump... pity I wasn't paying attention to grab some cheap shares.

I had to call my brother to have him put bids in , it seems someone dumped around a thousand shares at whatever the bids were and drove it down to .002 - going forward I need to make sure i have valid bids in on those kinds of scenarios.


*On a good note* The prospective tenants called me today asking if they could pay the $$$ for rent + deposit on Walnut just so they could start putting their stuff inside. Even though the house is still having some things done they wanted to make darn sure they got it.

I also had a message on E. Mill asking if we'd rent it out if someone would pay us 1st month rent + deposit ($1500) to hold it while it's finished. This is a obvious choice, it also gives us $3500 (Even though some is deposits) in additional money coming in.

[jjdub7]

Branny - could you post a spreadsheet detailing shares by owner?  Owners could be left anon

[jjdub7]

And also, any chance you'd be able to switch divs to twice monthly?  Should help with the liquidity problem and boost prices.

[Swordsoffreedom]

Well it looks like the price got boosted a bit again nice Branny
Someone put in a bit of money into the stock price today a nice change of pace for it although I trust this assets fundamentals a lot more than any other havelock asset (well that and dealcoin since its a steady monthly div of 0.0001 for a year more)
https://www.havelockinvestments.com/fund.php?symbol=RENT

[Branny]

The reason our div is the 15th is because rent is always due the 1st and depending on the property there's a grace period of 1-5 days. After the 15th, if they haven't paid by then there's little chance they will that month. So when the 15th rolls around we've collected all the rent for the properties which then can be distributed.

If we went to a twice-a-week format, we would be holding back half of the payment on the 15th for the next 1st of the month. There would be little benefit to shareholders other than 'maybe' higher share prices. When I talked to investors in January about changing the distribution date very few were for it.

[Branny]

Here's the share totals for RS based on the havelock reports I get. Obviously I've removed emails/identifiers but the numbers are accurate.

https://docs.google.com/spreadsheets/d/1jprD_Hbyv2hO2r5yAva9FM-V9sTBQADaoW8M0-S61ZA/edit?usp=sharing

[jjdub7]

The reason our div is the 15th is because rent is always due the 1st and depending on the property there's a grace period of 1-5 days. After the 15th, if they haven't paid by then there's little chance they will that month. So when the 15th rolls around we've collected all the rent for the properties which then can be distributed.

If we went to a twice-a-week format, we would be holding back half of the payment on the 15th for the next 1st of the month. There would be little benefit to shareholders other than 'maybe' higher share prices. When I talked to investors in January about changing the distribution date very few were for it.

Well, for one, it would cut down on the volatility we see from the exchange rate fluctuating everywhere, making the asset safer in that regard.  And if it were bimonthly, you could phase it in (75% on the 15th, 25% on the 1st of the next month).  These would be drawn from the rent revenue paid from the previous month's 1st, so there would be no issue with the tenants' ability to pay within the grace period.

Secondly, it would mediate the buy-in/sell-off cycle that happens from the 15th through the 1st of the following month due to the availability of other pay cycles among the assets on Havelock - this seems to be the most significant factor driving the spread (currently just shy of 25% of ask).  With less price volatility, again, we'd have a more stable, reliable growth asset on our hands.

However, you're the man with the plan, and its seemed to have worked thus far.

Also - thanks for posting the share distribution.  Much appreciated.

[Chris_Sabian]

Here's the share totals for RS based on the havelock reports I get. Obviously I've removed emails/identifiers but the numbers are accurate.

https://docs.google.com/spreadsheets/d/1jprD_Hbyv2hO2r5yAva9FM-V9sTBQADaoW8M0-S61ZA/edit?usp=sharing

How often is this spreadsheet updated?

[Branny]

Here's the share totals for RS based on the havelock reports I get. Obviously I've removed emails/identifiers but the numbers are accurate.

https://docs.google.com/spreadsheets/d/1jprD_Hbyv2hO2r5yAva9FM-V9sTBQADaoW8M0-S61ZA/edit?usp=sharing

How often is this spreadsheet updated?

Havelock sends me the shareholder list twice a day, i don't know how often i'll update the GDrive one since I'm rarely asked.

[Chris_Sabian]

Here's the share totals for RS based on the havelock reports I get. Obviously I've removed emails/identifiers but the numbers are accurate.

https://docs.google.com/spreadsheets/d/1jprD_Hbyv2hO2r5yAva9FM-V9sTBQADaoW8M0-S61ZA/edit?usp=sharing

How often is this spreadsheet updated?

Havelock sends me the shareholder list twice a day, i don't know how often i'll update the GDrive one since I'm rarely asked.

That is good to know in case there is a problem with Havelock like when GLSBE or BitFunder closed.

[Branny]

Here's the share totals for RS based on the havelock reports I get. Obviously I've removed emails/identifiers but the numbers are accurate.

https://docs.google.com/spreadsheets/d/1jprD_Hbyv2hO2r5yAva9FM-V9sTBQADaoW8M0-S61ZA/edit?usp=sharing

How often is this spreadsheet updated?

Havelock sends me the shareholder list twice a day, i don't know how often i'll update the GDrive one since I'm rarely asked.

That is good to know in case there is a problem with Havelock like when GLSBE or BitFunder closed.

Yep, essentially if HL goes down things will continue to truck on as normal pending I can get addresses from everyone. There would be some loss in who has shares (At most a 11hr gap) but outside of that we'd be able to recover minus the loss of liquidity.

[jjdub7]

Here's the share totals for RS based on the havelock reports I get. Obviously I've removed emails/identifiers but the numbers are accurate.

https://docs.google.com/spreadsheets/d/1jprD_Hbyv2hO2r5yAva9FM-V9sTBQADaoW8M0-S61ZA/edit?usp=sharing

How often is this spreadsheet updated?

Havelock sends me the shareholder list twice a day, i don't know how often i'll update the GDrive one since I'm rarely asked.

That is good to know in case there is a problem with Havelock like when GLSBE or BitFunder closed.

Yeah, fuck Jon Montroll.

[Branny]

Scioto closing was uneventful. Ends up it was occupied by the same person for 60+ years so that's why it's in such great shape.

Can't wait to get photos, it's the first one we've bought that has all original oak/walnut woodwork that hasn't been destroyed by idiots. It's gorgeous.