What are the biggest risks of investing in hotels? Investing in hotels can take many forms. You can own hotel stock, you can buy into REITs, you can be a partial owner via crowdfunding, or you can own the real estate outright and operate the property as a business. All can be lucrative, but there […]
Our First Year Owning Our Rental Cottage
December 2022 by Leave a Comment
Our first year owning our rental cottage is coming to a close. We’ve learned a lot and have made lots of progress. 2023 is looking bright, as bookings for next year are already coming in. Here is a quick year in review and a look ahead. Total Bookings Total bookings for 2022 came in at […]
Our Rental Continues to Perform Well
October 2022 by Leave a Comment
Our rental continues to perform well. We are now at $13,000 in rents for this calendar year so far. We actually have a booking for 2023 already. We have some plans for improvements coming up. All of which will be paid for from the rents we’ve collected. Projects We are going to try to have […]
Summer is Starting to Wind Down
August 2022 by Leave a Comment
Summer is starting to wind down, and fall is approaching. As has been the case for some time now, my finances are in good shape. Debt is in the form of a mortgage only, and my investments are holding up well. Here is a quick update. Debt I paid off all my non mortgage debt […]
How Much Should You Pay for a Real Estate Transaction Coordinator?
August 2022 by Leave a Comment
Real Estate Transaction Coordinators play an important role in the entire real estate transaction. They are the ones who connect parties involved in the home purchase or selling process. If you are benefiting from their services, how much should you pay a Real Estate Transaction Coordinator? 1. What Is a Real Estate Transaction Coordinator and […]
$10,000 in Bookings at our Rental Cottage
July 2022 by Leave a Comment
We have officially reached $10,000 in bookings at our rental cottage. We opened bookings on May 1st of this year and just crossed this milestone the other day. I estimated that we would do around $10,000 our first year, and it looks like we will do even more. A Successful First Year To say that […]
Our First Guests Have Stayed at Our Cottage
May 2022 by Leave a Comment
Our first guests have stayed at our cottage. We’ve had three groups of guests stay at our rental so far, and the results are positive. We’ve received positive reviews and have learned a few things. Here is a brief report. Things That We’ve Learned One of the first things that you will want to do […]
The Rental Property is Accepting Bookings
February 2022 by Leave a Comment
The rental property is accepting bookings. We listed the property a few weeks ago and have already received 3 bookings for the upcoming season. There is still some work to do, but bookings are starting to roll in. Work in Progress There are still a handful of projects to do before we open our cottage […]
Listing Our Rental Property
January 2022 by Leave a Comment
We have officially listed our rental property. Pictures have been taken, and a description has been put on the webpage. The property won’t be available for bookings until May, as there is still some work to do. But the time to start accepting guests is getting close. Odds and Ends There is still some work […]
A Productive Weekend at the Rental Cottage
November 2021 by Leave a Comment
We had a productive weekend at the rental cottage. Gravel was delivered to make a driveway, and the locks on the entry doors were changed. There is still a lot to do, but we are making progress. Work Weekend The purpose of heading to the cottage was to get some work done before the weather […]
