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
[email protected] 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
[email protected]