Your XLS is rich with truth.. nice review and I believe this year will be much more profitable for your and well worth your time. Keep up the good work! I am only a mid term host in a beach community (d/t regulation) and so business model is different but I can certainly appreciate your effort. . Cheers!
If you include the principal paid and the theoretical ‘appreciation’ when calculating your profit outside of AirBnB and non-app renting, you also have to address the liability outside of AirBnB and non-app renting. That includes your entire outstanding mortgage! Rather, keep the analyses separate - one for AirBnB, one for non-app renting, and one a cost analysis for just the townhouse investment (real estate taxes, landlord insurance (homeowners policies don’t cover properties with tenants so you need a different policy, and it may be dog-breed-restricted), mortgage principal and interest, any PMI, any HOA fees and special assessments). For each analysis, list the revenue and liability, as you sort of did but not completely. Only look at the big picture after you’ve built the three.
Your XLS is rich with truth.. nice review and I believe this year will be much more profitable for your and well worth your time. Keep up the good work! I am only a mid term host in a beach community (d/t regulation) and so business model is different but I can certainly appreciate your effort.
. Cheers!
Thank you, I really appreciate the comment!
Good job. This is the only asset class that pencil out these days.
Thank you! Just trying to build a life a little at a time!
Good taste. I have the same kitchen stools and that couch looks cozy 😉
I love the look of the kitchen stools! Good call
If you include the principal paid and the theoretical ‘appreciation’ when calculating your profit outside of AirBnB and non-app renting, you also have to address the liability outside of AirBnB and non-app renting. That includes your entire outstanding mortgage! Rather, keep the analyses separate - one for AirBnB, one for non-app renting, and one a cost analysis for just the townhouse investment (real estate taxes, landlord insurance (homeowners policies don’t cover properties with tenants so you need a different policy, and it may be dog-breed-restricted), mortgage principal and interest, any PMI, any HOA fees and special assessments). For each analysis, list the revenue and liability, as you sort of did but not completely. Only look at the big picture after you’ve built the three.
Great video!
Thanks!
It is so cute.
Awe thank you!!
How much did u spend in buying the house? Also was it out of your pocket or the banks?
I’ll be posting another video with all those details!