From the category archives:
Runtime: 29:39
A quick rundown of the episode:
Runtime: 18:50
A quick rundown of the episode:
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.
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 76 homes under contract and our one commercial property, the store and lock. We got 4 new houses under contract, in the month of February. The breakdown is as follows:
| House | Purchase | Repairs |
| #1 | $16,901 | $20,000 |
| #2 | $17,500 | $18,000 |
| #3 | $18,500 | $21,000 |
| #4 | $15,500 | $3,500 |
On the vending side of the company, we have not made a pick up of the monies, yet this month. We have opened a new market, more details will follow.
We have just started a new company. It is a used car dealership. Once again, more details will follow.
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 72 homes and our one commercial property, the store and lock. Last month, we missed out on the house at auction, however, we did manage to purchase three new houses. The breakdown is as follows:
| House | Purchase | Repairs |
| #1 | $15,000 | $15,000 |
| #2 | $16,501 | $24,000 |
| #3 | $22,500 | $20,000 |
On the vending side of the company, we placed one machine at Porter’s Pub in Columbus. We have placed four machines, but the R Bar had a contract with another company and made us take our boxer out of the bar, which takes us down to three. The breakdown of the boxers is as follows:
| Location | Counter | RVG |
| Lodge Bar | 1,110 | $566 |
| Gumby’s | 222 | $108 |
| Porter’s Pub | New | N/A |