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Using Airbnb to make money
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<blockquote data-quote="sammybiker" data-source="post: 199983" data-attributes="member: 2109"><p>The freshen up looks great @irish, would like to hear an update as to how it's going.</p><p></p><p>Don't forget to incorporate expenses into your calculations gents...taxes, insurance, utilities, maintenance & repairs are very real things. As a good rule of thumb, take your gross rent, multiple it by .5 and you'll have your net rent after expenses and a conservative maintenance & repair fund. Then you can subtract your mortgage payments and you'll have your net cash flow.</p><p></p><p>If you're managing yourself and can handy man a bit, you may be able to increase your cash flow a bit - but gross rents * .5 is a good, long term, conservative rule of thumb.</p></blockquote><p></p>
[QUOTE="sammybiker, post: 199983, member: 2109"] The freshen up looks great @irish, would like to hear an update as to how it's going. Don't forget to incorporate expenses into your calculations gents...taxes, insurance, utilities, maintenance & repairs are very real things. As a good rule of thumb, take your gross rent, multiple it by .5 and you'll have your net rent after expenses and a conservative maintenance & repair fund. Then you can subtract your mortgage payments and you'll have your net cash flow. If you're managing yourself and can handy man a bit, you may be able to increase your cash flow a bit - but gross rents * .5 is a good, long term, conservative rule of thumb. [/QUOTE]
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