Curious how much money can you make on Airbnb? You've come to the right post! I'm happy to report that the inaugural year of our Airbnb Experiment concluded in December with excellent results.We made about $12,000 in net revenue for the year (revenue after expenses such as dues, utilities, taxes, maintenance, and supplies). With a mortgage on the property (about $718 goes … [Read more...] about How Much Money Can You Make on Airbnb?
Real Estate
Learn how to build wealth with planful and smart real estate investing! Learn how to be a good landlord and how to find and set up rental properties. Recognize how your own choice of domicile contributes to your long term wealth.
Why You Should NEVER Buy a House
It may not be Wednesday, but I find waffles a worthy breakfast treat ANY day of the week. Today's post is brought to us by blogging friends from way out west: Waffles on Wednesday! Fetch yourself some of Canadia's finest organic maple syrup, tighten that bathrobe belt, slip on those reading glasses, and enjoy reading about why you should never buy a … [Read more...] about Why You Should NEVER Buy a House
Investing in Single Family Home Rentals
Why do I prefer investing in single-family home rentals? There's a bunch of reasons, but overall, they quite simply WORK.Single-family homes generally aren't typically what most think of with successful real estate investing. Most often we're led to believe it's the duplexes, quad-plexes, and small apartments or commercial space that are bragged about.Our rentals are … [Read more...] about Investing in Single Family Home Rentals
VRBO Pros and Cons (for Owners of Vacation Rentals)
I have a confession to make. I'm now hosting our new vacation rental on VRBO, having started our listing solely on AirBNB. I've had to learn to love those pricey VRBO owner fees ($499 per year - read on...) and a user interface that's clunky at best. How to decide to host on Airbnb or VRBO for owners of vacation rentals? For me, Airbnb is still the winner.To be fair, I … [Read more...] about VRBO Pros and Cons (for Owners of Vacation Rentals)
The Hidden Benefits of Being a Landlord
Question of the day: Are the real and hidden benefits of becoming a landlord worth the time and perceived hassle? The latest round of texts from my tenant at Rental A, a single mother of three, prompted this post.I frankly didn't expect I'd become a more patient and compassionate person by becoming a landlord. But when you get a letter from the natural gas utility of … [Read more...] about The Hidden Benefits of Being a Landlord
