Steady as she goes! October continued to confirm our Hypothesis that Airbnb is a good fit for our Homestead. Even with our limited availability (turns out law school in your second language is hard, who knew!), we still booked 4 nights. Right on our target!

The work really was very minimal and we now have the routine of room/bathroom cleaning down to a solid 15 minutes. I replaced the overhead halogen light fixture in the room with a builder-basic 2 bulb model from Home Depot. The halogen light fixture really is nice in some applications, but not when you are going for a modern Scandinavian aesthetic like we are. This micro-remodel turned out cash neutral as we sold the old fixture on Kijiji for the price of the new one, too easy!

All said and told about 2 hours of work that netted us almost 200 bucks in replaced income. Not too shabby. Airbnb is quickly becoming a cornerstone in our replaced-income strategy to financial independence.

 

Homestead Inn and Suite, Moncton, NB
Date Number of nights rate per night Total fees stay expenses Profit
01-Oct 1 $50.00 -$1.50 $0.00 $48.50
07-Oct 1 $50.00 -$1.50 $0.00 $48.50
09-Oct 1 $50.00 -$1.50 $0.00 $48.50
21-Oct 1 $50.00 -$1.50 $0.00 $48.50
Total: 4  – -$6.00 $0.00 $194.00