Search My Frugal Miser

Sunday, January 13

AirBnB December Performance

AirBnB - December 2018

In our fourth month operating an AirBnB home we were cash-flow positive (that's two months in a row!)  Nightly rates are improving.  I was successful at filling a few vacant days by tinkering with rates.  Often if we are in-town and have a vacancy, I will lower rates as the vacant day approaches to try to get the house booked.  For example, I had a 3 day gap in mid-December.  Rates started at $79, which I gradually lowered until I picked up a booking at $49/night for two of those nights.  With the cleaning fee, that booking earned us $165 that we otherwise would have missed out on.

Financial Performance

Occupancy Rate:  90% (3 days unbooked)
Payments Received:  $2,886
Expenses:  $399

Net Income:  $2,487

Friday, January 11

My Frugal Miser - December Expenses: $7,294

December was another fairly expensive month.  Fortunately, I'm mostly finished furnishing our new house.  That was a major expense for 2018.
  • I had new brakes installed on my car; I also spent a lot on gas with all the Amazon deliveries I made.  Good thing gas prices are super low.
  • Food spending was high.  We had family visit for Christmas so this category includes spending for several additional people.
  • I had to replace a broken crown - over $800 after insurance.  Dental care can be expensive!

December Expenses:  $7,294

$434 Auto (service, gas, insurance, AAA, etc.)
$86 Bank Fees
$0 Charity
$0 Clothing
$0 Computer
$530 Entertainment (movies, gambling, alcohol, concert tickets) 
$769 Food
$319 Gifts Given
$1,843 Household/Mortgage Payment/Home Repair
$153 Health and Dental Insurance
$0 Investment Expense
$11 Interest Expense*
$808 Medical/Dental
$0 Miscellaneous
$9 Personal Care
$0 Subscriptions
$1,819 Taxes (Quarterly Tax Payment)
$31 App Jobs Expenses (tolls, car washes, etc.)
$0 Unreimbursed Employee Expenses
$390 Utilities
$94 Vacation

*Interest expense includes student loans.  As the rate is below 2%, I am completely comfortable paying the interest each month and investing the money that I would otherwise use to pay off this loan.  

Thursday, January 10

My Frugal Miser - December Income: $12,151

My income in December was strong.
  • Most of my work was delivering for Amazon.  Several days Amazon offered higher than normal rates because of higher volume.
  • One rental property is vacant; everything else is occupied with rent paid.
  • I had the best AirBnB month yet.  
  • My investment account was up.  

December Income: $12,151

($22) Mystery Shopping
$0 Meeting Jobs
$0 Reimbursed Job Expenses
$0 Gig Apps (Uber, Lyft, Postmates, Doordash)
$3,062 Amazon Deliveries
$6,205 Rental Income
$2,888 AirBnB Income
$18 Interest Income
$0 Other Sources

Investment Accounts Change in Value:  $3,356

  • I don't include transactions in my retirement accounts.  This includes rental income, dividends and capital gains and losses.