This couple made $13,000 in passive income in just over a month: 'We only work 1 hour per week.' (via CNBCMakeIt)
Krause, 29, and Alvin, 38, split their time between the two cities. When they're in one home, they rent out the other on Airbnb. The resultant income, in just nine months: $18,000. A majority of that income has come from their Oakhurst cabin, which cashed in $13,000 after listing the property at the end of July, according to documents reviewed by CNBC Make It.
Krause and Alvin's photograph business specializes in small ceremonies and elopements in Yosemite National Park and Sequoia National Park.While the revenue from Airbnb bookings hasn't yet covered the homes' price tags, Krause says the couple — who made $215,000 from their photography business last year — is on track to cover their bills, and then some. Profits pending, they have a grand plan: Once their second home is paid off, they intend to put that passive income toward travel.
"Business was going great in 2019, and we had put all this work in to make 2020 great," she says. "But when the pandemic happened, we found ourselves wondering, 'Why are we living here?'" Since listing the condo on Airbnb in November 2021, Krause and Alvin have earned $5,600 from six visits — an average of one visit per month before the couple returned to live there again.The couple kept their apartment in Fresno as a temporary U.S. base while searching for a replacement closer to their work. They wanted to keep renting, Krause says — but the one-bedroom red cabin's charm lured them in and convinced them to buy it as a second home.
Now that both homes are up and running, Krause says the expenses are minimal — primarily because she already pays for things like internet, shampoo and toilet paper as a resident. Cleaning staffs are one notable cost: roughly $50 per session in Rio, and $126 per session in Oakhurst. The Rio condo gets cleaned two or three times per month, and the Oakhurst cabin gets cleaned two or three times per week, Krause says.
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