Income Report: Jan 2017

My Jan 2017 Income Report is in and it has been a very crazy month!

During Jan I was left picking up the pieces from everything that had happened over New Year. I had to create and manager multiple claims and obtain quotes for all the repairs needed. It was an absolute headache as most tradesmen were quite busy with either holidays or working on jobs due to the recent flooding that occurred in the state.

So even with shutting down my apartment due to the issues, I was able to have one of my best months. I learned a big lesson here, never count your chickens before they hatch...basically forecasting is not always accurate and that I need to put more emphasis on monthly results, rather than the weekly results. A bad week or two can still end up a good month.

AirBNB

My AirBNB property did quite well considering I needed to shut the place down, take quotes and get everything sorted for my claims. So, it was exciting to see that even though it was expected to be a bad month, it ended up being one of the best months I've had since launching my AirBNB property.

Income: $3262
Expenses: $2076
Profit/Loss: +$1186

Property Services Business

The property services business had a slow start for work to be completed. However, quite a few quotes went out instead and I expect results to come from this over the next 2 months.

Income: $712
Expenses: $470
Profit/Loss: +$242