537 units.xlsx

	A	B	C	D	E	F	G	H	I	J	K	L	M	N	P
1	Make Time, LLC
2	Profit and Loss
3	March 2024 - February 2025
4
5		Mar 2024	Apr 2024	May 2024	Jun 2024	Jul 2024	Aug 2024	Sep 2024	Oct 2024	Nov 2024	Dec 2024	Jan 2025	Feb 2025	Total
6	Income
7	30002 Rental Income	444,837	364,567	400,937	389,510	396,844	398,910	374,849	415,585	366,933	413,262	437,613	331,836	4,735,684
8	30005 Tenants bounced checks	225	0	1,043	950	800	0	4,132	458	828	0	0	0	8,436
9	Wash Income	0	0	2,518	0	3,102	0	793	462	0	1,256	0	0	8,131
10	Total Income	444,612	364,567	402,412	388,560	399,146	398,910	371,510	415,589	366,105	414,518	437,613	331,836	4,735,379
11	Gross Profit	444,612	364,567	402,412	388,560	399,146	398,910	371,510	415,589	366,105	414,518	437,613	331,836	4,735,379	This income is based on the account the funds were deposited
12	Expenses
13	40001 Appliance-Purchases	0	900	2,200	0	0	0	0	0	0	0	0	0	3,100
14	Fridge	0	0	400	400	1,200	1,000	1,200	4,200	400	1,000	0	650	10,450
15	Stove	0	0	0	1,600	2,250	1,600	1,200	5,850	3,000	200	600	650	16,950
16	Total 40001 Appliance-Purchases	0	900	2,600	2,000	3,450	2,600	2,400	10,050	3,400	1,200	600	1,300	30,500
17	50000 Advertising & marketing	0	0	0	0	0	0	0	225	225	0	0	0	450
18	50003 Business Permits & Licenses	1,035	119	0	2,895	486	0	1,172	138	0	0	310	0	6,154
19	50064 Permits	0	0	0	0	0	0	0	0	0	0	0	503	503
20	Total 50003 Business Permits & Licenses	1,035	119	0	2,895	486	0	1,172	138	0	0	310	503	6,658
21	50007 Contract Labor Expense (1099's)	64,390	59,251	48,809	52,560	57,837	60,289	77,995	50,047	54,841	57,688	50,688	51,617	686,010
22	Commissions & fees	0	0	0	0	0	0	0	0	4,000	3,000	0	0	7,000
23	Total 50007 Contract Labor Expense (1099's)	64,390	59,251	48,809	52,560	57,837	60,289	77,995	50,047	58,841	60,688	50,688	51,617	693,010
24	50021 Property Insurance	0	0	0	0	0	0	0	0	0	0	0	0	0
25	Bond Insurance	0	1,645	0	0	0	0	0	0	0	0	0	0	1,645
26	First Insurance	26,223	26,223	26,223	26,223	26,223	26,223	26,223	26,223	26,223	26,223	15,589	15,589	293,405	Once we sign for liability coverage, we anticipate an increase of $10K or more in the monthly insurance costs. More losses will be added.
27	Flood Insurance	0	0	0	7,749	0	0	0	0	0	0	0	0	7,749
28	Total 50021 Property Insurance	26,223	27,868	26,223	33,972	26,223	26,223	26,223	26,223	26,223	26,223	15,589	15,589	302,799
29	50030 Supplies & Materials Expenses	8,551	19,029	5,295	14,843	8,077	12,474	16,712	12,890	34,941	10,789	8,843	9,537	161,981
30	Reimbursement-Supplies and Materals	12,204	597	244	17	11,072	6,299	0	1,000	4,892	0	0	2,165	38,489
31	Total 50030 Supplies & Materials Expenses	20,755	19,626	5,539	14,861	19,149	18,773	16,712	13,890	39,832	10,789	8,843	11,702	200,470
32	50035 Repairs & Maintenance Expense	0	0	930	443	2,236	1,710	0	0	250	0	885	4,350	6,332
33	40002 Carpet Cleaning/Installation	6,700	3,550	2,890	1,810	2,010	2,380	1,370	3,540	2,900	2,710	2,520	2,420	34,800
34	50004 Cleaning/Janitorial Expense	120	1,040	4,275	4,218	4,063	1,715	3,540	885	1,170	1,620	1,940	1,520	26,106
35	50025 Landscape Maintenance	0	0	1,045	0	500	1,550	3,231	4,316	3,474	2,854	823	4,626	22,419
36	50034 Pest control expense	325	0	0	0	0	0	0	0	733	438	1,132	0	2,629
37	50037 Garage & Door Repairs	0	0	0	0	0	0	0	0	0	0	791	0	791
38	50043 Heating & Cooling	0	0	0	0	528	926	238	261	1,998	0	0	0	3,951
39	50063 Pool Service	0	0	0	293	0	1,950	1,023	270	270	270	270	270	4,616
40	Electric Repairs	0	0	0	0	0	0	0	0	0	0	11,968	2,600	14,568
41	Equipment Rental	0	0	0	0	0	0	0	0	0	240	720	0	960
42	Plumbing Expense	1,000	0	0	1,223	0	0	0	0	0	342	410	21	2,996
43	Total 50035 Repairs & Maintenance Expense	8,145	4,590	9,140	7,988	4,865	10,231	9,402	9,272	10,795	8,474	21,460	15,806	120,168
44	50036 Property Tax	58,372	58,372	58,372	58,372	58,372	58,372	58,372	58,372	58,372	58,372	59,372	59,372	702,463	We need to start depositing money into the property escrow account each month, and hope there are no unexpected crises after we pay the deposit for the insurance.
45	50081 Dues & Subscriptions Expense	349	0	0	0	1,023	1,830	233	0	0	0	0	0	3,435
46	Franchise Tax	10,038	0	0	0	0	0	0	0	0	0	0	0	10,038
47	Office Supplies	0	0	0	0	0	0	0	0	0	0	0	46	46
48	Outsource / Eviction Service	0	0	0	130	0	0	0	1,633	941	0	0	2,110	4,814
49	Reimbursement for Service	0	0	0	0	0	0	0	0	2,990	0	0	0	2,990
50	Utilities	0	0	0	0	0	0	0	0	0	0	0	0	0
51	50042 Gas Expense	6,363	5,683	6,266	4,823	3,895	3,642	4,403	4,880	4,075	6,295	6,700	6,993	64,021	The Gas accounts are current
52	50044 Disposal & Waste Expense	13,972	13,939	13,597	12,653	12,976	14,765	14,696	14,794	12,973	15,521	14,794	9,992	164,671	The waste accounts are current
53	50045 Water Expense	64,438	52,666	58,461	57,592	55,938	61,978	70,878	69,786	68,221	78,759	71,239	82,271	792,229	Due to the shortage each month, we still don't have any money to pay for the water bills.
54	50046 Electricity Expense	19,915	22,030	25,596	31,299	31,661	33,403	37,918	34,432	36,205	26,982	28,054	29,475	356,970	Electricity accounts will be current this month if we have enough funds. I had to request a three months extension on these accounts to raise funds for the property taxes.
55	Internet & Phone Services	1,028	840	1,071	237	1,474	889	203	1,365	1,303	334	1,251	737	10,732	These accounts are small potatoes. We pay as needed (not a top priority)
56	Total Utilities	105,715	95,158	104,991	106,605	105,944	114,677	128,098	125,257	122,777	127,891	122,038	129,469	1,388,622
57	Total Expenses	295,020	265,884	255,673	279,382	277,348	292,994	320,607	295,106	324,397	293,636	278,900	287,515	3,466,462
58
59	Net Operating Income	149,592	98,684	146,739	109,178	121,798	105,916	50,903	120,483	41,707	120,882	158,713	44,320	1,268,917
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62	Other Income
63	Income Tax Refunds	0	0	0	0	292	0	0	0	0	0	0	0	292
64	50001 Alarm System Expense	0	0	0	0	0	0	0	0	0	0	1,043	0	1,043
65	50005 Bank Service Charge	203	55	93	9	2	0	7	5	0	16	17	175	583
66	50023 Mortgage / Interest Expense	156,865	156,865	156,865	156,865	156,865	156,865	156,865	156,865	156,865	156,865	156,865	156,865	1,882,379
67	50026 Professional Legal Expense	6,002	8,276	4,311	14,441	23,812	7,042	17,285	1,045	14,824	6,500	0	6,923	110,459	Expenses that can be avoided
68	50029 Business Travel Expense	0	0	0	1,844	1,002	0	0	519	62	0	868	179	4,476
69	50047 Water Testing & Treatment	0	280	0	0	0	0	0	0	7,905	0	0	0	8,185
70	Accounting Services	0	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	44,000
71	Office/General Administrative Expenses	933	709	500	494	1,495	233	71	398	39	390	233	0	5,495
72	Other Insurance - Prior Yr	5,300	5,300	5,300	5,300	5,300	5,300	15,300	15,300	10,000	20,592	10,000	10,000	112,992	Expenses that can be avoided
73	Parking & tolls	0	0	0	0	0	0	0	0	0	0	1,000	0	1,000
74	Rent	3,825	3,825	3,825	3,825	3,828	3,828	3,825	4,460	765	0	0	0	32,007
75	Security Guard Service	0	0	0	0	0	0	0	0	0	0	0	1,486	1,486
76	Tax Preparer Fee	0	0	0	0	0	0	0	3,025	0	0	0	0	3,025
77	Vehicle Gas & Fuel expense	0	0	0	0	35	0	450	0	30	918	0	654	2,087
78	Vehicle Repairs & Maint	0	0	0	0	0	0	12,000	0	0	0	0	220	12,220
79	Total Other Expenses	173,128	179,310	174,894	186,779	196,048	177,268	209,803	185,617	194,491	189,281	174,027	180,502	2,221,147
80
81	Net Income	23,536	80,626	28,155	77,600	74,250	71,352	158,900	65,134	152,783	68,399	15,314	136,182	952,230
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