We are heading to New York City on Tuesday to conduct an interview. This has taken a great deal of time to plan a vacation/work interview with two sets of families. We will be working on the final details right up until departure.
Mini – Chalk Talk – we are interviewing Mr. Gary Vaynerchuk and would love to get some questions from the Ren-Menions, to ask Gary Vee.
We need your help, because we have this guy, going to interview Gary Vee, please, please, help.
We would like to send a huge congratulations to Sunny D for winning the ‘Most Comments’ contest. He will receive a free round-trip ticket for a Southwest flight.
We finished 1st at Jim Dandy’s Ohio State Backyard Barbecue Contest on Sunday (video will follow). Yes, 1st. We don’t know how either…
Last but not least a huge update for the Vending Group…check it out here (thanks Matt E, for the suggestion)
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 83 homes under contract and our one commercial property, the store and lock.
We got 0 new houses under contract, in the month of May. ‘Chirp…chirp…chirp…” those are our Ren-crickets. Now before all the Ren-Menions and Nay-sayers ask about if we have thinned ourselves out too far- we haven’t. Our real estate business placed more offers in May than any other previous month. We just didn’t get any houses bought.
Why not?
Well, the $8,000 tax credit completed last month. Prices might be going up, but really real estate is cyclical, just like any other business. Some months we get a bunch of houses, some months we get a few houses, and some months we get no houses.
Renaissance Auto Group sales are as follows:
Vehicle
Vehicle Cost
Selling Price
Profit
Chevy Venture
$ 1,900.00
$ 2,700.00
$ 800.00
Jeep Cherokee
$ 2,150.00
$ 2,800.00
$ 650.00
Pontiac Grand Am
$ 2,300.00
$ 2,700.00
$ 400.00
Jeep Cherokee Limited
$ 4,100.00
$ 5,295.00
$1,195.00
Ford Taurus
$ 1,300.00
$ 600.00
$ (700.00)
Total
$ 11,750.00
$ 14,095.00
$2,345.00
The average profit of each car is $469.00. The Ford Taurus is the outlier. The car was bought before we started test driving cars. We were told the repair cost would be nearly $2,000. We decided to auction the Taurus and wash our hands clean of it. We ended up losing $700 on that tranaction. If we hadn’t had that car in the equation our profit per car would be $609.00. We are happy with $609.00 a car and content with $469.00, especially for our first month. Our profit is split with our sales staff.
We will be collecting the money in June and will have a breakdown of each location. We also placed two vending massage chairs. Our profit is split with the bar owners. We have all 21 machines placed, but still have not made some pickups. More info will be in next month’s update.
Welcome to the The Ren Men Wrap-up, each month we will discuss the prior month’s goings-on.
Nothing like getting the prior month’s wrap-up out 25 days late — awesome. Anyway, here we go…
On the real estate side of the business, we are currently at 83 homes under contract and our one commercial property, the store and lock. We got 3 new houses under contract, in the month of April. We also lost a house that we had under contract last month. We are still in negotiations with the home. The breakdown is as follows:
House
Purchase
Repairs
#1
$8,501
$12,500
#2
$12,001
$24,000
#3
$10,001
$12,000
We have all our of boxer machines placed, finally. We will be collecting the money in May and will have a breakdown of each location. We also placed two vending massage chairs.
We have just started a new company. It is a used car dealership. Who the hell is Crazy Willy Jones?
Make sure to check us out on the ‘Do What You Love Show‘ with ManVsDebt’s Adam Baker. Bake is back from Thailand, (see interview here). Grant hosted him at the Peelle Family Cottage for the weekend and The Ren Men had a blast. For those of you who don’t know who Bake is, check out his blog, phenomenal stuff! It’s simple, sell you crap, payoff your (bad) debt, and do what you love!
