First off, thank you, thank you, thank you, to all the supportive Ren Menions out there. After hundreds and hundreds of emails we are back to ‘speak on it’. So here goes…the biggest updates of all updates.
We are in a holding pattern, (like the picture?). A major holding pattern. We have always been an open book with you guys and why the hell stop now? But first, let’s answer a couple of questions and emails…
#1 No we are NOT dead.
#2 We love our episodes too, we are trying to bring them back
#3 We did bite off more than we could chew, we had good intentions
So let’s get into it…
We have sold all cars from the RAG and the doors are officially closed! We only broke even every month (best case scenario), and it took up way to much time. The closing of the RAG is all good news.
We have sold off all the boxers! Once again, good news, see above.
We have stopped taping The Ren Men Show (for now) because our singular focus was our rental portfolio for the past several months. Once we stopped all the other break-even businesses we realized our portfolio was in bad shape. We were losing nearly 20K a month! Yeah awesome, we know. We ferociously scoured the numbers to see what the $#!4 was going on. We feel we have more of handle on our portfolio, but by no means are we out of the woods yet.
We are in the midst of a major refinance of our portfolio. We really didn’t know what we were doing at the beginning and it really bit us in the backside. Our current goal is to sell all of our current homes and start fresh. We can renovate our houses cheaper, we can buy the houses for cheaper and we have a better grasp on the expectations/responsibilities of our renters.
Monthly repairs will kill profits! Educate your renters on your expectations and fix the little problems before they become major killers. That is all for now kiddos…
Below is an email we received from a Ren-Menion, Jared C.—
RenMen!
Ya’ll still alive? Ya’ll ok?? Should I call someone and have them go over to check on you guys? I’m starting to wonder if you guys took the ‘diet’ thing a little too far and starved yourselves to death…. all so you wouldn’t have to write a check to charity…
JC,
Thanks for you concern, we are still alive. We have been shooting the information product, for the past several weeks. It has become a much bigger project than we first expected. We don’t want to sound cocky, but we forgot how much we knew about real estate, and how much needed to be shared and told about real estate. We only have our cameramen certain days and we can’t quite seem to squeeze out a Ren Men Show. It is our hopes to get one out this week, –root for us, we are going to need it.
The diets are going…for Grant well, for Alan the same. Grant just returned from vacation cheated all week, and came back the same weight! Alan is still lifting, stronger than ever and has lost five pounds since the Bod-Pod weigh-in.
On the housing front, we have continued to pick up houses here and there — steady wins the race. On the RAG front, we are losing the battle of 200. We had wanted all along to have Jeeps, Jeeps, and more Jeeps, we get them, then gas go to $4.00 a gallon. Sweet! Any Ren-Menions want a Jeep for cheap?
The vending is status-quo. The information product is coming along great at times and decent at other times. We have had some hindrances, but they haven’t stopped us, yet. We hope to complete filming by the end of April, complete editing by the end of May and push product out sometime in June/July. That is an aggressive schedule, which is right up our alley.
