The last six months have been a blur – I can’t believe we already had Halloween! As soon as we were in-contract on the new duplex, we were going non-stop. In addition to listing the house, moving and managing the Airbnb, the only month we didn’t travel this year was in August; instead, we spent a lot of August updating our duplex.
At least I can see all of our hard work paying off financially. Mr. PFL is still working his full-time IT job, so his income should remain the same this year. I am on-track to gross more than last year as a lawyer. I also made $8,100 as my commission as the real estate agent on our purchase of the duplex and we’ve grossed $17,000 on the Airbnb rental of our house from mid-July to date. This is in addition to rent increases for about half of our units due to tenant turn-over and the extra $1,950 per month in income from the new duplex (we pay $1,000/month and the neighbors pay $950/month).
We’ve also had some big expenses, including about $10,000 for the Condo roof (again) and about $20,000 to shore up and dry-out the basement at the new duplex.
Our house is still for sale, and there have been several showings, but no offers yet. The listing expires December 9th (six months from posting), so if we aren’t in contract by then, we will probably wait to list again in the spring.
Thanksgiving is less than three weeks away?! I’ve got to line up some turkey…