How Much Money My Cottage Airbnb Has Made in 3 Months

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What's up guys, it's James here. And in today's video, I'm going to walk through exactly how much my Airbnb listing my cottage property that I recently purchased has brought in, in bookings in the last three months, not quite three months, actually, but two and a half months that the property has been alive and operating. So June, July, and then we're halfway into August here at the time of this recording.

So I'm going to walk you through exactly how much money the Airbnb has brought in. In that time, I'm going to show you how much of it was for June, July and August, meaning the money that I've already actually brought into the bank account versus what is for future bookings. So let's go ahead and like jump, just jump over to the computer. So we can dive right into the numbers, and I can walk you through it.

So let's jump over here now. And for reference, now, a little bit of a teaser there, you would have seen that I'm going to break it down. But I want to show you this listing as well. So you can kind of give some context to what we're talking about. Now, obviously, I've done a really good job here of optimizing this listing. So you can see here, if we jump into the photos, you can see some really great photos right off the bat. So we've got our listing really optimized, we've got it nicely staged for photography. And you can see that it's a pretty nice property quite big with some really cool amenities.

So it's a cottage property that's just across the road from the water. And so it's got some really great, really great amenities there. We've got some games that we've got out in the garage that you'll see in the pictures here later on. So lots going for it. Now this is also a six bedroom property, it can comfortably accommodate about 12, even 14 people, we have the max occupancy set at 10. For this property, though, just to keep the guest size, the kind of group size a little bit lower, have a little bit less noise for our neighbors, things like that.

You can see we've really kitted this place out with some great games and accessories amenities for guests to use. Like, for example, the kayaks and bicycles here, lots of really great stuff. And it's also just down the road from a dock, we've got a hot tub, we've also got a sauna on this pad now too. So that's not even updated in the photos in the listing, it shares it, but we don't even have it in the photos yet. So that's when you got to update. So again, lots of really great amenities here.

So just to give some context on what the listing is that we're actually talking about. Now for transparency as well. This is a property that we purchased for $520,000. And then did about $60,000 with a renovation to it then spent about $20,000 on the hot tub, the sauna and the furnishings. So all in we're about $600,000 into the property when you factor in the purchase price, the renovation amount, the closing costs, and our and our furniture and whatnot.

So on that we've now brought in surprisingly, I honestly, I'm still shocked by this, in the first two and a half months of the property being live, we've got over $81,000 in bookings now we've also taken another $3,000 in direct bookings outside of this for a friend of mine that wants to have their wedding at the property. So we're just shy of about $85,000 in total bookings on this property since we launched. So that is pretty incredible, right? Think about that.

Now, if you break it down in June, we weren't live for the entirety of June otherwise, we actually would have brought in more than this. We launched partway into June and we run in $13,851. Canadian in that month. Now, if you look at July, it's an absolute blowout month, like it just did way better than I ever could have imagined. Now, just for context as well, if you look at the mortgage payment that we're paying on this property, it's about $2,000 a month for the mortgage. So to pay the mortgage for an entire year is just over $24,000.

Now, this means that in July alone, just one single month, we fully covered the cost of the mortgage for the entire year. Just think about that. That means that now, every single other month, we're just profiting now, sure, there are some taxes, there's some insurance, a few $1,000 extra, and then we've got ongoing expenses on the property, like for example, cleaning fees.

So out of this $82,000 in bookings, you gotta remember about 70 $500 of that is allocated for cleaning fees, but still, you know, this property is likely going to end up profiting after all of our expenses in one year, it's gonna be probably about $50,000, maybe even a little bit more than $50,000 over the course of one year. And that's pretty darn good if you ask me. Now, what I'm very surprised about is that even in the down season, we're still going to be having 7560 $300 booked for September, October.

Now, for any of you not familiar with the market that I'm in here. This is going to be the fall season right so this is not a high demand season. You know, you can look at July and obviously the numbers are absolutely incredible, but we're not expecting Do anywhere near that in the other months of the year, July is by far the best month of the year, it's the peak of the high season.

Now, that being said, I definitely didn't expect September and October to do as well as they have I was expecting then a low seasons, we were going to be pretty much just at breakeven on the mortgage payment in our monthly expenses for carrying the property. I have been very pleasantly surprised by the fact that that is not true.

We've got as you can see already 70 $500 in bookings just for September, and we're still in August, we've got so plenty of time to fill up some other dates in September, I suspect we're probably going to end closer to 12 to $14,000 for the month of September, October, looking about the same expecting about the same. And it'll be interesting to see how things shape up with November and December.

Now jumping back here, let's talk about this from bigger context I was really talking about obviously, it's really interesting, really cool to be able to jump into the numbers here and see exactly how well they do. And actually, let's jump back here, I just want to refresh this page, just so you can see for sure that this is no funny business here, I don't just having a screenshot on like that.

So you can see here, obviously, I can scroll up and down the page, I can refresh it here, everything is legit. And this is for the specific property. If you go if we go over the listing here, then you can see this is for that exact listing the fun relaxing cottage with hot tub, sauna, and fast Wi Fi, which is this property here.

So you can rest assured This is legit. This is truly how well this property is doing. And I do that I give you that proof because frankly, I wouldn't believe this myself, if it wasn't my own property, I knew this property would do really well. And it'd be a really great investment. You know, when we calculate our ROI on this deal, initially, we are basing it off of $50,000 in total income now would be double what it brought in on long term rental, but it would bring in a long term rental.

And we went okay, well, this deal makes a ton of sense. If we can hit that $50,000 mark. And I knew that that was conservative, I was expecting to probably do about 60 or $70,000 over the course of a year. Little did I know that we'd be able to well exceed that just in the first couple of months. And that we'd likely actually end up closer to 100 or $120,000 in total revenue for the year.

So that's why I'm going and showing you this is because hey, you can find some properties that even in a worst case scenario, the deal still make sense. If we look at it, even in that worst case scenario that we calculated on $50,000 in income, it was still gonna be breaking even and slightly cashflow positive.

So we're not gonna be losing money on the deal by any means. Because we'd still be earning money from equity buildup on the property. And we'd still be making money from natural appreciation on the property, we just wouldn't be making that much money in cash flow only 100 $200 a month.

But if you think about with a long term rental, that's a ideal scenario is that you have a property that's cash flowing a couple $100 a month, and that you're paying down the mortgage on you're building a little bit of appreciation over time. For us that was the worst case scenario. And so I talked to a lot of people who look at short term rentals and think that they're risky. And I like to show them stuff like this to say, hey, yes, it's risky.

If you're going out wild west style and just buying some property that you don't have any data on, you don't know how well it's going to perform, you don't have the right tools to analyze these properties. But if you do have the right tools, and you do have the right strategies, it can be a laser targeted strategy that blows long term rental investing way out of the water, you get way better cash flow from the property, you can get them at a steep discount.

So you can buy some really great deals because you're buying in areas that other investors aren't actively in. So you can get properties at a really steep discount, and make really great money on appreciation on renovation everything else. You know, I've talked about a whole bunch of this in other videos, but I did want to give you guys an update to really just show you the numbers behind everything I've been saying on this channel.

Now if you want to see some numbers like this on your next investment, if you want to start investing in short term rentals, you want to buy a property specifically to use as a short term rental, then I highly recommend you click the link down in the description below to schedule a quick 15 minute call with me. Now, I'm setting aside some time my calendar here because over the next six months, I am going to be working really closely with a small group of students helping them to start investing or continue investing in short term rental properties.

So if you want to incorporate short term rentals in your portfolio, if you want to start investing in cash flow heavy assets like short term rentals, then click the link in the description down below to schedule that 15 minute chat with me. I'd love to just connect and see how I might be able to help you. And if it'll be a good fit for us to work together in that intimate small group that I'm going to be working with showing them exactly how to do deals just like this.

Find deals make them happen. You know how to structure them, how to find them, analyze them, how to set them out how to make them perform, we walk through absolutely everything so you want to work directly with me in doing that and getting your next short term rental property then Click the link in the description down below to schedule that quick chat. I hope you've got this got found this video valuable.

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