We are finally starting to see some income in April for the investment house! I was very happy with this as we have some bills to pay but in general we got some stays, and more importantly, some good review. Reviews are everything in Airbnb! So let’s jump into it!
Investment House Expenses
I started to get some actual data on what the monthly expenses will be since there weren’t any giant reno expenses I had to pay this month. This included: utilities, water/sewer, and labor. These expenses coming from the checking account were $357. I also had an unexpected payment of taxes this month via check while I was home visiting. With taxes my checking total expenses were $464.
The credit card’s main expenses are the internet and some house accessories and it was $84 for all that. We had some house accessories we needed to up since we buy a welcome gift and had some minor maintenance items we had to buy.
Finally, labor and the summer requirement of mowing has started! The labor was minimal and accounted for in the checking but for the next several month I’ll have the additional cost of lawn care! Something to consider because once winter hits that will be a savings!
Investment House Revenue
The April revenue was $2007. I did get an eclipse bump for someone who stayed for that week so I was happy with that amount. We had 4 stays during the month which was 53% occupancy rate for the month. My plan was to reduce the nightly price until people started to book but it looks like $90 per night was the sweet spot to meet about 50% occupancy so it will remain at that rate for now.
Net Income
Finally, the net income for this month was $1459. It was a nice feather in the cap to actually have a positive cash flow for the month and it was a nice bite into the $17000 of reno expenses I have so I’ll take it! The remaining amount for those expenses is $15836. I’ll need a few more great months to get that remainder paid off!
Leave a Reply