Ever wondered how to be a property manager in addition to holding a day job? What is it like to personally manage a handful of real estate rentals and get your fingernails dirty? 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 … [Read more...] about How to Be a Property Manager as a Side Gig
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 single family home investing for our rental empire? 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 … [Read more...] about Single Family Home Investing: Why It Makes Good Sense
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. VRBO vs Airbnb: How to decide which platform to host on? Airbnb was the winner in year one, but after year two, the jury is … [Read more...] about Airbnb or VRBO for Owners of Vacation Rentals: Use Both!