One big changes has happened at the beginning of 2026! I now have a second rental and this won’t be an Airbnb. It will be used as a long term rental. The experiment is growing in 2026Q1. Here’s a breakdown of some of the changes and where the money is going. Enjoy!
New Rental Purchase
I purchased a new house at the end of 2025 and spent about 2 months cleaning up the place and preparing it a long term rental. I was fortunate to find a place that had a lot of potential and we only needed to clean up cosmetic issues. We paid for a contractor to come in and clean up some of the items in the attic and make sure everything looked good before someone moved in.
I put the property for rent on Zillow and use the Zillow Rental Manager program to run everything. It went well and we had 5 requests in 24 hours. We were able to settle on a young family and they were in the house in just a few weeks.
Rental Expenses for 2026Q1
I stayed in the Airbnb this quarter and I spent about $1,000 in replacing and adding to the Airbnb and rental. We ended up buying a new mower for the Airbnb, replaced some accessories like a cook pan, and got a plug in the long term rental fixed. I like saying in the Airbnb at least once a year just to get the feel of how someone staying sees the place.
Total Expenses
My property manager got a little boost from the addition of the long term rental. I also had to pay the new rental’s utilities for half the quarter. I had higher expenses than usual due to the visit and upgrades. Expense total added up to $3,505, probably about $1,000 higher than usual.
Revenue for 2026Q1
The revenue that was brought in wasn’t too bad this month and I was happy to see positive new income. We had a long term renter in the Airbnb for March so that payout happened at the end of February. I also stayed in the Airbnb for the last week of March since I was visiting family. I use my own Airbnb and enjoy it!
The Airbnb brought in some good money for the first two months and the new long term rental brought in new income that helped keep everything positive in the first quarter. The Airbnb did bring in more money than the long term rental because of the big Airbnb stay in March and the long term rental only started bringing income in mid February.
The revenue for the Airbnb was $2,365 and the long term brought in $1,875. I was happy with this extra money coming in and plan to make sure to keep investing and improving both these properties. I’ll go more into some of those upgrades in the expense section. This brought in a total of $4,240. I was happy with this amount!
Net Income
The new income for this quarter was $735. I’m generally happy with a positive outcome each month and I do reinvest money into the properties. This is also the time I evaluate my properties so spending some extra money to replace items isn’t a big deal. It could have been higher but I think reinvestment is worth it!
“Myinvestmentstory” is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. More disclaimer information here.
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