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rethinktheratrace

How did our Airbnb do in April? ๐Ÿค” There was a How did our Airbnb do in April? ๐Ÿค”

There was a total of 8 bookings that gave us a total of $2,007.90 ๐Ÿฅณ

The expenses totaled out to a total of $1,182.30

Expenses breakdown: 
๐Ÿงผ Cleanings: $600
๐Ÿ’ป Internet: $90
๐Ÿ˜๏ธ HOA: $113
๐Ÿ‘ฉ๐Ÿผโ€โš–๏ธ Insurance: $47.54
๐Ÿงป Supplies: $236.08
๐Ÿ’ฒ Dynamic pricing: $16.24

We do not have a mortgage on this place as we own it free and clear ๐Ÿ™Œ๐Ÿผ

The supplies were a little higher this month because a fork went missing ๐Ÿค” so we bought another set of utensils, along with restocking all the supplies like toilet paper, soaps, etc ๐Ÿงด

6 out of the 8 guests left reviews, and all 6 guests left 5โญ๏ธ reviews ๐Ÿ™Œ๐Ÿผ

The beauty of what we do is: we can block off the calendar and stay any time we are in town, which is what we did for the first 3 nights of April, the rest of April was managed remotely from FL and Europe ๐Ÿ’๐Ÿผโ€โ™€๏ธ

๐Ÿ‘‰๐Ÿผ Follow @rethinktheratrace for more tips on financial freedom with real estate! ๐Ÿ‘ˆ๐Ÿผ
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#rethinktheratrace #airbnb #airbnbhost #airbnbsuperhost #shorttermrental #shorttermrentals #vacationrental #vrbo #realestate #realestateinvestor #realestateinvestment #realestateinvesting #propertymanager #propertymanagement #landlord #investmentproperty #investment #passiveincome #financialfreedom #financialindependence #biggerpockets
Bathroom breakdown๐Ÿ‘‡๐Ÿผ Since we launched this Bathroom breakdown๐Ÿ‘‡๐Ÿผ

Since we launched this Airbnb in January, weโ€™ve gotten 27 five โญ๏ธ reviews and 9 of them mention the bathroom๐Ÿ˜

We gutted the old bathroom and removed the stained fiberglass bathtub/shower and old crumbly vanity ๐Ÿ˜ท

From there, we installed the shower pan, built the niche for the shower, and had the tile done by a professional ๐Ÿ˜…

We ordered and installed a shower tower from Amazon & glass from Home Depot ๐Ÿšฟ

Bought a vanity off Facebook Marketplace & assembled it ourselves and used treated butcher block with a vessel sink๐Ÿšฐ

From there, we painted and installed a board and batten ceiling with a new fan with a Bluetooth speaker built in ๐Ÿ”ˆ

Finally, we installed a modern light fixture over the vanity that is a focal piece in the bathroom๐Ÿ’ก

The only thing we didnโ€™t do in the whole bathroom was the tile and Iโ€™m so proud of how it turned out! ๐Ÿ˜Ž

๐Ÿ‘‰๐Ÿผ Follow @rethinktheratrace for more tips on financial freedom with real estate! ๐Ÿ‘ˆ๐Ÿผ
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#rethinktheratrace #airbnb #airbnbhost #airbnbsuperhost #shorttermrental #shorttermrentals #vacationrental #vrbo #realestate #realestateinvestor #realestateinvestment #realestateinvesting #propertymanager #propertymanagement #landlord #investmentproperty #investment #passiveincome #financialfreedom #financialindependence #biggerpockets
5 ways to make $ on your home๐Ÿ‘‡๐Ÿผ 1. Roommate 5 ways to make $ on your home๐Ÿ‘‡๐Ÿผ

1. Roommates are a great way to make money by renting out an empty room in your house. You can also split utilities, further lowering your expenses. Pros: consistent income. Cons: dealing with sharing your space with someone ๐Ÿ˜…

2. Airbnb can be another great way to rent out a spare room, only when you want to. Or you could rent out your home while youโ€™re on vacation or traveling. Pros: more flexibility & higher income per night. Cons: less consistent & more service related๐Ÿ›๏ธ

3. โ€˜House-hackingโ€™ can be done by buying a property with two living spaces & renting out one while living in another. For example: renting a MIL apt or duplex. Pros: separated space from your tenants or guests. Cons: potentially higher cost due to two or more units ๐Ÿข

4. Renting unused space is another option. There are plenty of online platforms to facilitate this, but people looking for storage can rent your garage, photographers can rent your living room, cam girls can rent your bedroom, etc. Pros: you donโ€™t have anyone living with you. Cons: lower income๐Ÿซฃ

5. The Live-In Flip is another great option. You can live in a property, fix it up, and sell it in a few years for a big tax-free profit. Pros: you arenโ€™t having to landlord or manage a property, get cheaper financing, & tax benefits. Cons: you donโ€™t get residual income & you have to find a new place to live if you want a large payout๐Ÿ› ๏ธ

๐Ÿ‘‰๐Ÿผ Follow @rethinktheratrace for more tips on financial freedom with real estate! ๐Ÿ‘ˆ๐Ÿผ
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#rethinktheratrace #airbnb #airbnbhost #airbnbsuperhost #shorttermrental #shorttermrentals #vacationrental #vrbo #realestate #realestateinvestor #realestateinvestment #realestateinvesting #propertymanager #propertymanagement #landlord #investmentproperty #investment #passiveincome #financialfreedom #financialindependence #biggerpockets
PSA ๐Ÿšจ๐Ÿšจ๐Ÿšจ This isnโ€™t a criticism to anyo PSA ๐Ÿšจ๐Ÿšจ๐Ÿšจ

This isnโ€™t a criticism to anyone who wants to turn real estate investing into their full time job ๐Ÿซฃ

We wanted to get out of the rat race and not create a new job out of it ๐Ÿ’ช๐Ÿผ

We genuinely โ€˜workโ€™ a few hours a month and otherwise weโ€™re doing whatever the hell we want to ๐Ÿ˜…

Like now, weโ€™re 4 weeks, and 4 countries, into a 7 week trip across Europe ๐Ÿ›ฉ๏ธ

๐Ÿ‘‰๐Ÿผ Follow @rethinktheratrace for more tips on financial freedom with real estate! ๐Ÿ‘ˆ๐Ÿผ
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#rethinktheratrace #airbnb #airbnbhost #airbnbsuperhost #shorttermrental #shorttermrentals #vacationrental #vrbo #realestate #realestateinvestor #realestateinvestment #realestateinvesting #propertymanager #propertymanagement #landlord #investmentproperty #investment #passiveincome #financialfreedom #financialindependence #biggerpockets
How to do this ๐Ÿ‘†๐Ÿผ Weโ€™re crashing in the b How to do this ๐Ÿ‘†๐Ÿผ

Weโ€™re crashing in the beautiful town of  Sarandรซ, Albania ๐Ÿ‡ฆ๐Ÿ‡ฑ

You probably havenโ€™t heard of it, or considered Albania for your next destination but you should! ๐Ÿ‘€

Itโ€™s a beautiful coastal city thatโ€™s only a 20-30 min ferry from Corfu, Greece ๐Ÿ‡ฌ๐Ÿ‡ท

Our Airbnb, for 5 nights, cost us $170. Oh and did we mention that we had a balcony with a sea view and were a stones throw away from dozens of restaurants, bars, and cafรฉs? ๐Ÿคฏ

One of our Airbnbs back home made $360 for those same nights after paying our cleaner ๐Ÿ’ธ

This means that we made almost $200 by spending 5 nights in Albania instead of staying in our place in Alabama ๐Ÿ˜Ž

Would you ever rent out your place to cover your cost of vacation, or even make money while traveling? ๐Ÿค”

๐Ÿ‘‰๐Ÿผ Follow @rethinktheratrace for more tips on financial freedom with real estate! ๐Ÿ‘ˆ๐Ÿผ
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#rethinktheratrace #airbnb #airbnbhost #airbnbsuperhost #shorttermrental #shorttermrentals #vacationrental #vrbo #realestate #realestateinvestor #realestateinvestment #realestateinvesting #propertymanager #propertymanagement #landlord #investmentproperty #investment #passiveincome #financialfreedom #financialindependence #biggerpockets
How much did we make in April? ๐Ÿค” Our charming How much did we make in April? ๐Ÿค”

Our charming Airbnb had 7 bookings that brought in $2,563.27 ๐Ÿ‘๐Ÿผ

Total expenses: $974.23
- ๐Ÿงผ Cleanings: $540
- ๐Ÿœ Maintenance: $20.50
- ๐Ÿ‘ฉ๐Ÿผโ€โš–๏ธ 1/2 mortgage: $193.79
- ๐Ÿ”Œ Utilities: $91.97
- ๐Ÿ’ป Internet: $35.70
- ๐ŸŒฑ Lawn care: $62.50
- ๐Ÿ“ข Advertising: $16.66
- ๐Ÿ“บ Misc: $13.12

Our net profit came to $1,589.04 ๐Ÿ’ธ

The beauty of self managing our Airbnbs is that we manage them from anywhere in world ๐ŸŒŽ

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