A Better Way to Manage Your Everyday Money - Book - Page 143
Income Example #4: Passive, always the same with interruptions
This is passive income from a rental unit that you started renting in June. The first rent payment
was received on July 5th. The amount expected is always the same when the rental is occupied.
When the unit is not rented, the expected amount drops to zero.
The rental is still occupied, but the renters are moving out at the end of November. The new
renters will move in on February 1st. You have the first month and security deposit from the new
renters which you deposited and entered in PerNetFlow as an Other deposit. For planning
purposes, this rental income will be zero from December 1st until January 31st with the new rent
payments starting on February 5th.
You added this income back in June in the New Income window:
1.
2.
3.
4.
5.
6.
The income is passive.
The rent is always the same.
The rent amount is $1,500/mo.
Rent is due on the 5th.
The first time you received rent from this unit was July 5th.
Rent is due on the same day each month regardless of weekends or holidays.
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