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How did our Airbnb do in April? 🤔 There was a

How did our Airbnb do in April? 🤔

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

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

Expenses breakdown:
🧼 Cleanings: $600
💻 Internet: $90
🏘️ HOA: $113
👩🏼‍⚖️ Insurance: $47.54
🧻 Supplies: $236.08
💲 Dynamic pricing: $16.24

We do not have a mortgage on this place as we own it free and clear 🙌🏼

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

6 out of the 8 guests left reviews, and all 6 guests left 5⭐️ reviews 🙌🏼

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 💁🏼‍♀️

👉🏼 Follow @rethinktheratrace for more tips on financial freedom with real estate! 👈🏼
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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 breakdown👇🏼 Since we launched this

Bathroom breakdown👇🏼

Since we launched this Airbnb in January, we’ve gotten 27 five ⭐️ reviews and 9 of them mention the bathroom😍

We gutted the old bathroom and removed the stained fiberglass bathtub/shower and old crumbly vanity 😷

From there, we installed the shower pan, built the niche for the shower, and had the tile done by a professional 😅

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

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

From there, we painted and installed a board and batten ceiling with a new fan with a Bluetooth speaker built in 🔈

Finally, we installed a modern light fixture over the vanity that is a focal piece in the bathroom💡

The only thing we didn’t do in the whole bathroom was the tile and I’m so proud of how it turned out! 😎

👉🏼 Follow @rethinktheratrace for more tips on financial freedom with real estate! 👈🏼
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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 home👇🏼 1. Roommate

5 ways to make $ on your home👇🏼

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 😅

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 you’re on vacation or traveling. Pros: more flexibility & higher income per night. Cons: less consistent & more service related🛏️

3. ‘House-hacking’ 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 🏢

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 don’t have anyone living with you. Cons: lower income🫣

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 aren’t having to landlord or manage a property, get cheaper financing, & tax benefits. Cons: you don’t get residual income & you have to find a new place to live if you want a large payout🛠️

👉🏼 Follow @rethinktheratrace for more tips on financial freedom with real estate! 👈🏼
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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 🚨🚨🚨 This isn’t a criticism to anyo

PSA 🚨🚨🚨

This isn’t a criticism to anyone who wants to turn real estate investing into their full time job 🫣

We wanted to get out of the rat race and not create a new job out of it 💪🏼

We genuinely ‘work’ a few hours a month and otherwise we’re doing whatever the hell we want to 😅

Like now, we’re 4 weeks, and 4 countries, into a 7 week trip across Europe 🛩️

👉🏼 Follow @rethinktheratrace for more tips on financial freedom with real estate! 👈🏼
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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 👆🏼 We’re crashing in the b

How to do this 👆🏼

We’re crashing in the beautiful town of Sarandë, Albania 🇦🇱

You probably haven’t heard of it, or considered Albania for your next destination but you should! 👀

It’s a beautiful coastal city that’s only a 20-30 min ferry from Corfu, Greece 🇬🇷

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 cafés? 🤯

One of our Airbnbs back home made $360 for those same nights after paying our cleaner 💸

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

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

👉🏼 Follow @rethinktheratrace for more tips on financial freedom with real estate! 👈🏼
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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? 🤔 Our charming

How much did we make in April? 🤔

Our charming Airbnb had 7 bookings that brought in $2,563.27 👏🏼

Total expenses: $974.23
- 🧼 Cleanings: $540
- 🐜 Maintenance: $20.50
- 👩🏼‍⚖️ 1/2 mortgage: $193.79
- 🔌 Utilities: $91.97
- 💻 Internet: $35.70
- 🌱 Lawn care: $62.50
- 📢 Advertising: $16.66
- 📺 Misc: $13.12

Our net profit came to $1,589.04 💸

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

👉🏼 Follow @rethinktheratrace for more tips on financial freedom with real estate! 👈🏼
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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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