The only guarantee in life is that there are no guarantees. The past month has been a big reality check in this and I’ve been actively practicing an abundance mindset, instead of giving in to a scarcity mindset. This shift has been transformative and has allowed opportunities to flow to us because we are open to them. A few examples…instead of being scared to shift gears with our current investment property, we decided to sell. It’s now under contract at full ask and closes this week. Getting more comfortable with the entrepreneur lifestyle, I’ve accepted the fact that we will have fluctuating income…and as soon as I let go of the fear, we had several Airbnb bookings, I started working with another client, and my consulting gig picked up. The lesson I’ve taken and continue to practice: believe in your abilities, focus your energy on the things you want in your life and approach things with an abundance mindset.
Tips on Short Term Renting Your Primary
“You rent out your house!? To strangers!?”
I’m usually met with raised eyebrows when I let people know that we rent our house out via Airbnb when we travel. Since 20012, I’ve been utilizing Airbnb to rent out my primary in some capacity. And have learned quite a few things about being a host, setting criteria for your guests, setting up your systems to avoid problems to name just a few! I’ve been a Super Host for years, have a 5 star rating and have over 70 glowing reviews.
Renting your primary isn’t as foreign of a concept these days, with the house-hacking buzz – but it does require some work upfront. Not only do you need to understand the laws in your area around short term rentals, you need to think about managing problems when you’re not there, coordinating cleaning if you have back to back rentals, and planning on being out of the house when you’ve rented it out. Here are some tips…
Before problems arise, you need to have a game plan if there’s an issue while guests are staying in your house. Either have a neighbor, friend or property manager on hand to deal with any issues that may pop up. Creating a thorough house manual to ensure guests understand the inner-workings of your home helps cut down on issues as well.
If you’re planning to open up your primary house as much as possible, you need to line up a cleaner who can not only do a thorough cleaning, but restock essentials, do laundry and change sheets. Blocking the day post-checkout helps ensure your cleaner has time to get in. Make sure you’re upfront and transparent with your cleaner about the needs – many charge more to do laundry, re-stock and do dishes/empty the dishwasher.
Plan a Trip
If you open up your calendar without having a pre-set trip planned, you will need to plan something quickly so you can be out of the house while the guests are there. Have a few trips planned out beforehand and make sure you’re communicating needs with your partner or roommate who lives in the house with you. And make sure you’re blocking the calendar for times you don’t want to be traveling!
Winter Wonderland in Colorado
Looking for some winter fun? Here are a few suggestions – we love getting out in the mountains & on the front range!
Rocky Mountain National Park – Dream Lake Trail – Good for snow-shoes or backcountry ski
Byers Peak Trail – Fraser, Co – Good for snow-shoes, cross country or backcountry skies
Crown Hill Park – Wheat Ridge, CO – Beautiful lake with views – Great for walking, biking, running
Sloan’s Lake – Denver, CO – Biggest lake in Denver – Great for walking, biking, running
Tips & Teachings
Having an abundance mindset is a practice – especially if you’re on the Financial Freedom path. Here are a few podcasts I’ve recently listened to that dive into the elements of an abundant life – that includes way more than money.
- Afford Anything Podcast – (1 hr) The Four Quadrants of a Successful Life
- Tell Us Why Podcast – Warehousing Your Cash Flow
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