Ever wondered what it would be like to personally manage a handful of real estate rentals, or how to be a landlord? It's easier than you might think. Today, we'll dive into a little "landlord for dummies" DIY property management. For those not familiar with some past posts on this topic, it's our rental properties that gave us the juice to enter into FIRE orbit. I like to … [Read more...] about Landlord for Dummies: Elbow Grease Equals Profit!
Real Estate Investing (and Airbnb)
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.
I'm happy to report that the inaugural year of our vacation rental investment concluded in December with excellent results. Curious how much money can you make on Airbnb? Let's dive in... 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 to the … [Read more...] about How Much Money Can You Make on Airbnb?
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
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
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 Should You Use Airbnb Or VRBO to List Your Vacation Rental?