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The individual stock positions are, of course, still fairly manageable, but it’ll work out. I think the core portfolio— $VALLD, with the addition of $O and $MAIN —has the potential to perform well.
To be honest, though, I didn’t quite understand the part about the increased fixed costs due to the condos. Are both owner-occupied or rented out? If the former, that makes sense; if the latter, the cash flow should actually be positive or at least neutral.
To be honest, though, I didn’t quite understand the part about the increased fixed costs due to the condos. Are both owner-occupied or rented out? If the former, that makes sense; if the latter, the cash flow should actually be positive or at least neutral.
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@NichtRelevant The two condos are available for rent or are currently rented. We have the problem that one of the condos was rented out by the previous owner at a rate well below the market rent. Even after consultation, we are not currently considering a rent increase, as the previous owner was not thorough enough with the documentation. As a result, the apartments still have negative cash flow before taxes.
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@DividendenWeiser Okay. Well, I hope for your sake that you're able to reach an agreement with the tenant of the Underrent apartment.
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@NichtRelevant I think we can make it work. Over the course of the coming year, we plan to aim for the first rent increase; the last one is scheduled for 2025. You can't just raise rents however you want. We'll skip this year to comply with the laws as closely as possible. After that, everything will be better documented.
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