Club members, log in to view the full report.
The CIPG club team joins me in wishing you a wonderful year 2023 !
On the personal investment side, I took the time to boost the rental yields of my old garages. Some rents were not up to the level of the proposed service and well below the market price. I still maintained an aggressive pricing strategy on a lot of 7 parking spaces for which I am aiming for a permanent 100 % fill rate. I still haven’t found a new warehouse to expand my business model of storage, warehousing and winterization of vehicles. It must be said that the price of premises in good condition has soared this year and the increase in credit rates force me to find a smaller premises to finance it with personal finances and without a mortgage. With my partner, we have studied solutions to reorganize and expand the current space of our warehouse to accommodate even more tenants. I will soon provide you with a complete explanation and figures on the forum.
Nothing has really changed during this year, the properties intended for housing that we hold with my companion, are always time consuming. Their profitability is quite average compared to the rental investments we have made in the real estate niche. But the houses remain another source of complementary incomes, it is the strategy of diversification that we decided and from my point of view the real estate is so vast that it is necessary to have a little of everything so that a patrimony is effective in the time. Enough about me, we will now see the balance sheet of the club, since this is the purpose of this article.
10 years since our club exists, what a journey we have made in the last few years! I recently had discussions with some of the historical members of the club, the evolution of our site is incredible. If someone had told me 10 years ago that our community would be so big, that we would develop tools such as online rental management and accounting. I would like to thank the members of the volunteer team who help me so much. Thank you also to all the members for making this community live and grow on a daily basis, it is above all your success and thanks to you that we are still here 10 years later to help and accompany you.
Read more
