money

Tag Archives for money.

Airbnb by the Numbers: An Update for 2016

Also see: 

Back in 2014, when I rented my first Airbnb apartment, I felt like I was doing something crazy. Then, in 2015, I made an extra $60,000 from Airbnb rentalsafter taxes and expenses.

I love my new Dallas Airbnbs!

I love my new Dallas Airbnbs!

Mike from Upgrd playfully calls me a slumlord. My Airbnb posts tend to get a LOT of polarity in the comments; I’ve addressed my moral and ethical position in this post.

I get a lot of questions about why I do it and how it’s going. So here goes.

Why I still love Airbnb

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In Praise of Humble Beginnings

I was reading an article called “How to invest even if you’re treading water financially” via Get Rich Slowly and a certain part jumped out at me (bolding and links mine):

“Don’t despise small beginnings.
The first steps in any endeavor are humble. Gustave Eiffel, famous today for his tower in Paris and the Statue of Liberty, started as an unpaid assistant in a foundry. Setting aside $10 a month might feel meaningless: “What difference can that ever make?” That’s wrong. It makes a difference in many ways:

Start somewhere

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I rented an Apartment to Airbnb in NYC

Ladies and gentlemen, one of the craziest things I have ever done (other than using Airbnb as a verb in the title).

I just rented an apartment in Manhattan for the express purpose of listing it on Airbnb. 

airbnb-log-100009316-orig

As some of you know, I work in real estate in New York, so I’m privy to rentals and have seen a lot of spilled ink on the whole Airbnb debate. It’s a very hot topic in the city right now.

I heard of an apartment in the East Village that was sitting there, easy approval, beautiful block, door was open if I wanted to go check it out.

A few people in my office have Airbnb apartments and seeing their calendars full of green (which means days booked) got me thinking.

So when I walked into that apartment, I quickly ran some numbers and just like that, decided to go for it.

Starting up

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