Some financial changes

The month of August is the month where we get our raises from my current employer. It is also the time for bonuses to be paid out. So the month of August was a month of abundance ito money.

At the beginning of August I had also moved house into one of the properties that I bought earlier. It's a 4Br/1.5Ba house in an older suburb of town. Though I moved in on the first, the property was only transferred to my name on the 18th, meaning that my first bond payment will only go off on the first of October.

The other property I bought (a 2Br/1Ba for rental purposes) is now also on my name (actually transferred on the 3rd of August) and the first mortgage payment went of on the 1st of September. I thought I would collect the rent myself, but I actually never got around to paying some attention to that house (being in my own new house at the same time), so I contracted the management of the house out to an agent at 8% commission and I sleep better now.

I will post my financial situation again once I see what all the deductions (houses) and income (rentals and pay increase) is at the start of the new month.

Regards
Leon van der Walt
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