May was a solid month for income.
I worked 4 meetings jobs, including long assignments in Newport Beach, CA and Cabo San Lucas, Mexico. I was only paid half my fee for those last two jobs; the other half will be paid out in June.
I did 1 Amazon route.
The Airbnb was blocked several days because I am selling it. I took it offline for 11 days so that my agent could open it to showings and inspections and again for 3 days so that the buyer could spend a night in it and have additional inspections completed. I thought it was pretty cool to let the buyer use the home for a night, sort of like test driving a car. Airbnb expenses were higher than normal as I prepared the home for sale.Rental income was stronger than normal. I received rent from the 3 properties I own in Alabama, plus distributions from 4 investments held at Realty Mogul. Rental expenses were high: I lost an $1,100 lawsuit against a fraudster who rents the condo next to mine. It was 100% fraud, but I learned the difficult and frustrating lesson that sometimes it costs more to fight the fraud than it does to just make it go away. Additionally, I paid $300 to have my largest property pressure washed. I am almost 100% committed to selling that house in July and may have a few other maintenance/repair expenses leading up to it.
May Income: $13,886
$0 Mystery Shopping/ Merchandising
$5,512 Meeting Jobs
$0 Gig Apps (Rideshare, Food Deliveries, etc.)
$119 Amazon Deliveries
$5,310 Rental Income (Rental Expenses: $2,164)
$2,757 Airbnb Income (Airbnb Expenses: $2,125)
$8 Interest Income
$5,512 Meeting Jobs
$0 Gig Apps (Rideshare, Food Deliveries, etc.)
$119 Amazon Deliveries
$5,310 Rental Income (Rental Expenses: $2,164)
$2,757 Airbnb Income (Airbnb Expenses: $2,125)
$8 Interest Income
$179 Other Sources
Investment Accounts Change in Value: $2,453
My investments were up slightly in May.
Why did you decide to sell the Airbnb? It seemed to be doing so well.
ReplyDeleteIt was a tough decision made easier by high real estate prices. We've been traveling non-stop for work and even though I have a housekeeper now, it's hard managing a short term rental when far away. I could have hired a property manager, but when you factor that in I think I can make more money on passive investments with the proceeds.
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