the biggest lie in the airbnb business

welcome to the cashflow diary daily. I’m not sure if you’re ready to hear this but…

in this issue…

• fees have increased in some cities in airbnb.

• if you want to go slow, own property.

• how much is your house costing you?

• 4 dead bodies were found in cancun.

• Our upcoming Clubhouse event, LEDA - Live Every Day in April! Join us for a month-long celebration at Clubhouse today;

• click ➡️ Cashflow Diary Cartel to get in on the action!

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in other news:

• Google Lifts Ideas From Instagram for New Hotel Search Tool

• U.S. Hotel Job Growth Cooled Off in March

• Float Your Way to Success: Tips for Hosting an Airbnb Houseboat

• 4 bodies found in a lot near one of Cancún’s beachside hotels, officials say

• These U.S. Cities Have the Highest Airbnb Fees, Study Shows

owning property is slowing you down.

Today, we dive into the world of homeownership and explore why owning your primary residence is why you're struggling to make ends meet.

We'll uncover the financial burdens accompanying the American Dream and give you a comprehensive list of expenses you might not have considered.

As we take this journey together, let's keep our sense of humor intact and learn from the hidden pitfalls of owning a home. Also, remember to run a short-term rental business; you only need control.

american dream or nightmare?

Home ownership is often seen as a symbol of success and stability, but many expenses can strain your finances. Some of the most common expenses include mortgage payments, property taxes, homeowner's insurance, and maintenance costs. However, these are just the tip of the iceberg.

Now let's explore seven seldom-mentioned, uncommon expenses that could catch you off guard:

1. Pest control: Termites, ants, and rodents, oh my! These unwelcome guests can wreak havoc on your home, and dealing with them can be quite costly.

2. Homeowners Association (HOA) fees: If you live in a community with an HOA, be prepared for monthly or annual payments that could dent your budget.

3. Landscaping and lawn care: A well-manicured lawn is beautiful, but the time and money required to maintain it can be shocking.

4. Higher utility bills: Bigger homes usually mean higher heating and cooling bills. Don't forget to factor these into your budget!

5. Appliance repairs and replacements: Appliances don't last forever. When they break down, it's your responsibility to repair or replace them.

6. Sewer and septic maintenance: This isn't a glamorous topic, but it's essential to maintain these systems to avoid costly damage to your property.

7. Tree maintenance: Trees can enhance your property, but they also require pruning, trimming, and sometimes removal, which can be expensive.

8. Emergency repairs: Unexpected issues such as a burst pipe or a broken window can result in costly emergency repairs.

9. Chimney maintenance: Regular inspections and cleanings are necessary to prevent potential hazards like chimney fires or carbon monoxide buildup.

10. Gutter cleaning: Gutters must be cleaned periodically to prevent water damage and potential foundation issues.

11. Roof maintenance and replacement: Roofs have a limited lifespan and may require repairs or replacement, which can be a significant expense.

12. Specialty insurance: If your home is in a flood-prone or earthquake-prone area, you may need additional insurance coverage.

13. Window replacement: Windows may need to be replaced due to age, damage, or energy efficiency concerns, which can be costly.

14. Swimming pool maintenance: Owning a pool means regular maintenance, cleaning, and potential repairs or resurfacing.

15. HVAC system maintenance: Your heating, ventilation, and air conditioning system needs regular maintenance and eventual replacement.

16. Water treatment systems: If you have a well or require water filtration, ongoing maintenance and replacement costs should be considered.

17. Sprinkler system upkeep: Lawn irrigation systems require periodic maintenance, repairs, and winterization in colder climates.

18. Home security systems: The cost of installing and maintaining a home security system can increase over time.

19. Driveway maintenance: Regular maintenance, such as sealing or resurfacing, may be necessary for asphalt or concrete driveways.

20. Sidewalk and walkway maintenance: Keeping walkways safe and well-maintained can be an ongoing expense, especially in areas with harsh weather conditions.

21. Exterior paint: Homes with wood siding or trim may require repainting every few years to protect the materials and maintain curb appeal.

Owning a short-term rental business doesn’t require an ownership stake; it just requires control. Each business component can be considered an ingredient, and buying a home to own is a costly way to gain that control. You've paid too much for your ingredients.

Please leave your comments below to tell me why I am wrong.

Tomorrow, I will explain further why I am right.

Thank you for letting me know.

that’s it for the moment…

J. Massey