How much I am making on my Airbnb in Chicago

Professional · Chicago, IL · Member since 2012 · 197 posts · 131 votes

I wanted to update BP on how one my Airbnb's have been preforming. The location is Jefferson park Chicago. its a 1 bedroom that i would have rented for $900. See the cashflow i have been receiving on a monthly basis.

I started in February

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Nathan GesnerBusiness Member

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Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes

The graph provided deducts the cost of cleaning and utilities. Have you also deducted the AirBnB fees? What about Chicago's 4.5% Hotel Accommodation Tax or 4% Shared Housing Surcharge? Have you measured how much time you work on each rental and included your time as an expense?

If this is your net after deducting all those expenses then you are clearly doing very well. If not then I would say you are still doing better, but the margins are much thinner.

Thanks again for sharing an update with us!

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John Clark
Member since 2018 · 1k+ posts · 1k+ votes
7y
"The benefit is i dont have annoying tenants that feel entitled and give me problems (and have tenant rights). If i dont like you as a guest i can kick your @ss out :)"
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Actually, I think holdovers who refuse to leave have to be evicted, just like tenants.
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Erika Carter
Residential Real Estate Broker · Chicago, IL · Member since 2014 · 155 posts · 42 votes
6y
Great graph!!! Congratulations!
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