I just wanted to provide an update on the current investments:
From Blog 1 – The St Pete Beach Condo rental is doing very well. We have weathered the east coast storms and on October 1st, a 6 month tenant rented the unit. This is very unusual for us. Besides very short term rentals, the longest we typically rent is the 3 month in-season period from January to March. Again, I can’t say enough good things about utilizing an on-site management team that can look out for your interests. Ours found the tenant and are always available to insure their comfort. In return, we make every effort to prepare the unit to be in excellent condition for the tenant. Another suggestion for longer leases is to authorize a more thorough deep cleaning versus a regular one that is done before each guest rental. This sets the stage for a good first impression. A renter that appreciates the extra efforts makes life much easier.
From Blog 2 – I still am bullish on gold coins as an investment. Gold is currently selling for $1277 per ounce. It is a little less than the $1345 from my previous purchase so I will be looking to add to my position before year end. Apmex should have some decent holiday sales or I will check with the dealer from my last transaction.
From Blog 3 – The Fundrise eREIT ( Real Estate Investment Trust) purchased in September authorized an 8% dividend for the last quarter to the investors. This is a very good percent return. My amount was prorated since I only owned the eREIT for a small part of the quarter. For the current quarter, I should see more money assuming a comparable distribution and ownership for the entire period.
Since this blog is devoted to unconventional investments, I would like to share an investment idea that is in the works. For years I have tried to research and locate the HOT toy of the holiday season, I have utilized Ebay to sell Furbys and Zhu Zhu Pets in prior years with very good profits. I think that a toy egg with an electronic stuffed animal called Hatchimals will be this year’s “have to own”. I should have purchased some when I first did my research but had no idea that supplies would be extremely limited even before Thanksgiving. Right now, all stores are out of inventory. I expect to be able to locate a few in the next couple weeks. They are selling on Ebay for $90+ with a retail value between $44-59 so there is some room for profit. Depending on supplies, Ebay prices could be in the $150+ range. I will provide an update if stores start to receive inventory.
Thanks for reading. Jeff