Rethink the Rat Race

Real Estate Investing | Travel | Financial Freedom

  • Home
  • All Posts
  • Free Stuff
  • Airbnb Course
  • Learn About Us
  • Home
  • All Posts
  • Free Stuff
  • Airbnb Course
  • Learn About Us

How Can We Help You?

Invest in Real Estate
See More Places
Manage Your Money
Live Longer

Featured On

Articles

Podcasts

FORBES

Image result for marketwatchRelated image

Image result for the fi show


Related image

Manoverseas

We're Cooler on Social Media

rethinktheratrace

Remember our reel back at the beginning of the mon Remember our reel back at the beginning of the month? 

Well, we thought a visual breakdown of what our Airbnb, Funky Flora, made in December would also be helpful to look at ๐Ÿ‘€ 

We had 6 bookings and 4 nights vacant, which left us with a 13% vacancy rate ๐Ÿ›๏ธ

Here is the finance breakdown:
Expenses:
- Utilities: $62.52 ๐Ÿ”Œ
- HOA: $113 ๐Ÿข
- Internet: $70 ๐Ÿ’ป
- Cleanings: $420 ๐Ÿงน
- Insurance: $50.60 ๐Ÿ‘ฉ๐Ÿผโ€โš–๏ธ
- Streaming services: $12.13 ๐Ÿ“บ
- Gifts for guests: $22.32 ๐Ÿป
-Misc: $86.23 (replenishing supplies & a maintenance issue)

Total expenses: $836.79๐Ÿซฐ๐Ÿผ
Income: $1,950.98 ๐Ÿ’ธ
Profit: $1,114.19๐Ÿ’ฐ

While we were in town, we had a mini crisis when our guest reached out and said the supply closet was leaking (gushing) water. Thinking it was a worst case scenario, and the water heater burst, we rushed over to cut the water off and assess the situation ๐Ÿ’จ

Luckily, it was just a water connection hose that had sprung a leak. It was spraying the closet door and getting the surrounding carpet wet ๐Ÿ’ง

Since the guests were gone for the day, we dried up the water, ran to Home Depot, and replaced the hose ourselves ๐Ÿ™Œ๐Ÿผ

Our guest was incredibly understanding, but as a thank you for dealing with the maintenance issue, we got her a $10 gift card to a coffee shop โ˜•๏ธ

Every guest was great and all 3 guests who left us reviews, gave us 5โญ๏ธ! Just another month as self managing real estate investors! ๐Ÿ’ฐ

๐Ÿ‘‰๐Ÿผ Follow @rethinktheratrace for more tips on financial freedom with real estate! ๐Ÿ‘ˆ๐Ÿผ
.
.
.
.
#rethinktheratrace #airbnb #airbnbhost #airbnbsuperhost #shorttermrental #shorttermrentals #vacationrental #vrbo #realestate #realestateinvestor #realestateinvestment #realestateinvesting #propertymanager #propertymanagement #landlord #investmentproperty #investment #passiveincome #financialfreedom #financialindependence #biggerpockets
๐Ÿป Cheers to 3,000 followers ๐Ÿฅ‚ Yโ€™all are a ๐Ÿป Cheers to 3,000 followers ๐Ÿฅ‚

Yโ€™all are amazing ๐Ÿซถ๐Ÿผ

Yโ€™all may not be able to tellโ€ฆbut James photoshopped in the balloons and string ๐Ÿฅธ

Thank yโ€™all so much for following along for our weird mix of good real estate advice with a sprinkle of ridiculous and shitty jokes ๐Ÿคญ

Weโ€™ll be the first to admit that we arenโ€™t the best at social media. Weโ€™re busy living life outside of the screens, but weโ€™re thankful that youโ€™re giving us your time & attention! ๐Ÿ™Œ๐Ÿผ

๐Ÿ‘‰๐Ÿผ Follow @rethinktheratrace for more tips on financial freedom with real estate! ๐Ÿ‘ˆ๐Ÿผ
.
.
.
.
#rethinktheratrace #airbnb #airbnbhost #airbnbsuperhost #shorttermrental #shorttermrentals #vacationrental #vrbo #realestate #realestateinvestor #realestateinvestment #realestateinvesting #propertymanager #propertymanagement #landlord #investmentproperty #investment #passiveincome #financialfreedom #financialindependence #biggerpockets
Are you making this mistakeโ‰๏ธ We know now tha Are you making this mistakeโ‰๏ธ

We know now that we left thousands of dollars on the table by not using dynamic pricing tools earlier ๐Ÿคฆ๐Ÿผโ€โ™€๏ธ๐Ÿคฆ๐Ÿปโ€โ™‚๏ธ

In less than an hour, we had our @pricelabs dynamic pricing set up and it immediately adjusted our weekend prices up by 15-25% ๐Ÿ“ˆ

When the demand was high, we were getting bookings for double our nightly price and we never dreamed we could get that much ๐Ÿคฏ

Weโ€™ll be sharing more tips soon on setting up dynamic pricing rules to maximize revenue & guests that you want! ๐Ÿ‘๐Ÿผ

๐Ÿ‘‰๐Ÿผ Follow @rethinktheratrace for more tips on financial freedom with real estate! ๐Ÿ‘ˆ๐Ÿผ
.
.
.
.
#rethinktheratrace #airbnb #airbnbhost #airbnbsuperhost #shorttermrental #shorttermrentals #vacationrental #vrbo #realestate #realestateinvestor #realestateinvestment #realestateinvesting #propertymanager #propertymanagement #landlord #investmentproperty #investment #passiveincome #financialfreedom #financialindependence #biggerpockets
Hereโ€™s our timeline: โฐ 2016- We found the FIR Hereโ€™s our timeline: โฐ

2016- We found the FIRE movement which stands for Financial Independence Early Retirement. We started living our life and spending our money more intentionally with specific goals in mind ๐Ÿ’ญ

2017- Bought our first rental property. We bought it in Alabama while we were in St. Louis so we started our investing journey by investing remotely ๐Ÿ 

2019- When we hit 10 units and had enough income to cover all our expenses, we decided to pull the trigger and quit our jobs and immediately went abroad for 8 months โœˆ๏ธ

2022- We launched three different STRโ€™s bringing our total to 5 STR/MTRs. We love the flexibility of STRs & MTRs and the ability for us to crash there when we arenโ€™t traveling ๐Ÿ˜…

Weโ€™re just two regular people who decided to live our lives differently & intentionally. You can do it too! ๐Ÿ‘๐Ÿผ

๐Ÿ‘‰๐Ÿผ Follow @rethinktheratrace for more tips on financial freedom with real estate! ๐Ÿ‘ˆ๐Ÿผ
.
.
.
.
#rethinktheratrace #airbnb #airbnbhost #airbnbsuperhost #shorttermrental #shorttermrentals #vacationrental #vrbo #realestate #realestateinvestor #realestateinvestment #realestateinvesting #propertymanager #propertymanagement #landlord #investmentproperty #investment #passiveincome #financialfreedom #financialindependence #biggerpockets
Have you designed a life of your dreams? The inc Have you designed a life of your dreams? 

The income from our Airbnbs allows us to travel anywhere at any time ๐Ÿงณ

Our travels in 2022 had a few Mexico trips, a lot of Florida trips, and a couple international trips ๐Ÿ›ซ

We set up our rentals with systems in place so we can manage everything remotely ๐Ÿคณ

If youโ€™re interested in learning how to self-manage your short-term rentals remotely be sure to check out our link in bio! ๐Ÿ‘†๐Ÿผ

๐Ÿ‘‰๐Ÿผ Follow @rethinktheratrace for more tips on financial freedom with real estate! ๐Ÿ‘ˆ๐Ÿผ
.
.
.
.
#rethinktheratrace #airbnb #airbnbhost #airbnbsuperhost #shorttermrental #shorttermrentals #vacationrental #vrbo #realestate #realestateinvestor #realestateinvestment #realestateinvesting #propertymanager #propertymanagement #landlord #investmentproperty #investment #passiveincome #financialfreedom #financialindependence #biggerpockets
Did we mention the $100 cleaning fee? ๐Ÿงน Weโ€™r Did we mention the $100 cleaning fee? ๐Ÿงน

Weโ€™re bringing back Shitpost Saturday ๐Ÿ˜‚

We definitely donโ€™t suggest having a list like this if you want to get 5โญ๏ธ reviews

Weโ€™ve not encountered any ridiculous check-out instructions but weโ€™ve heard of some outlandish shit ๐Ÿ˜…

Personally, we donโ€™t think itโ€™s too much to ask for a guest to:
-take out their trash
-run the dishwasher

Anything more than that, you might get some pushback and we donโ€™t necessarily blame them ๐Ÿคท๐Ÿผโ€โ™€๏ธ๐Ÿคท๐Ÿปโ€โ™‚๏ธ

๐Ÿ‘‰๐Ÿผ Follow @rethinktheratrace for more tips on financial freedom with real estate! ๐Ÿ‘ˆ๐Ÿผ
.
.
.
.
#rethinktheratrace #airbnb #airbnbhost #airbnbsuperhost #shorttermrental #shorttermrentals #vacationrental #vrbo #realestate #realestateinvestor #realestateinvestment #realestateinvesting #propertymanager #propertymanagement #landlord #investmentproperty #investment #passiveincome #financialfreedom #financialindependence #biggerpockets
Load More Follow on Instagram

Facebook-f Instagram Twitter Pinterest
2023 ©
  • Facebook
  • Instagram
  • Twitter
  • Pinterest