Welcome to the The Ren Men Wrap-up, each month we will discuss the prior month’s goings-on.
On the real estate side of the business, we are currently at 81 homes under contract and our one commercial property, the store and lock. We got five (5) new houses under contract, in the month of March. The breakdown is as follows:
| House | Purchase | Repairs |
| #1 | $21,000 | $20,000 |
| #2 | $9,500 | $26,000 |
| #3 | $19,500 | $18,000 |
| #4 | $16,500 | $20,000 |
| #5 | $24,000 | $17,000 |
On the vending side of the company, we received monies from two of our locations. The breakdown is as follows:
| Date | Pick Up | Days | Location | Counter | Total | Ren Ven | Daily |
| 1/28/10 | 3/15/10 | 46 | Lodge Bar | 1700 | $1,726.00 | $840.00 | $18.26 |
| 1/28/10 | 3/15/10 | 46 | Porter’s Pub | 1330 | $1,331.00 | $665.50 | $14.47 |
We have big news upcoming with the Ren Ven Group. We have located many more machines and will have details in a later episode/post.
The Ren Auto Group is our used car dealership. We have completed our application to be processed. We are awaiting a response from the state of Ohio for our license.
For those of you who don’t know Roger K (aka BaseLine Denver), he has challenged us:
Re the Big Out Of Boox challange……..
Here’s an idea for serial business builders; do the Ferris idea. Less than $500 cash outlay, and make Muse kinda money (say, $2-3k a month to cap it for this). Put all the stuff online, like this Car idea. And pretend that you have no resources to leverage- no building, etc. And only put in 4 hours a week.
In the real world, we know you would spend more time on the start-up, and leverage your resources, yada yada….. but this is the RenMen version of “Living Oprah”….”Following Ferriss”? Might be fun to see what business you come up with, and how you find the right mix to outsource with, and whether it even flies. You don’t need the money- donate it a la Newmans Salad dressings to a worthy cause (I vote St. Judes, since you’re both dad’s). Whaddya think?
We have accepted his challenge and will be updating our progress as soon as we start.
Just two more things, Alan and his wife Emily had their second daughter, Reece Michelle Ledford, 7 lbs. 14 oz., 21 in. at 7:02am on April 1st. Lastly, she is awesome.
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Congratulations to the Ren Men for an awesome month and to Emily and Alan on a beautiful baby girl. Life is very good right now, boys. Enjoy it!
How are you guys buying houses so cheap and so fast? I’ve watched your videos, but this is insane. I don’t see them going at those prices in CT.
Congrats to the second ren girl. Looking forward to see you two guys team up for the next show again.
Congrats Alan and Emily she is precious! I’m with Steve; i still can’t grasp how you two are doing so much so FAST! Anxious to see what you come up with in response to the challenge.
Hehehehehehehehehehehehehe…………. I gotta admit, I’m curious to see what you guys do with this; its been fun to watch the show improve just since the Ferris challenge. And what a sweety Reece is!! My little girls are all grown up now, but ya never forget those early days. Enjoy!
Did you guys use the full service VIP package with knockout vending? I’m interested in getting involved with that and I would really appreciate more details on your relationship with them.
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Yo thanks guys. I very much appreciate the reply and the insight. You guys are very cool to be doing that.
Video reply from The Ren Men