A COUPLE made $13,000 in one month working just one hour a week by renting out their two homes on Airbnb.
Wedding photographers Adriana Krause, 29, and Stephan Alvin, 38, decided to earn an extra income from their two homes to turn a profit.
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The two lived full-time in a rented cabin in Oakhurst, California, near Alvin’s family, until they decided to buy an apartment in Rio de Janeiro, Brazil during the July 2020 pandemic.
Krause told CNBC, “Business was great in 2019 and we had done all this work to make 2020 great.
“But when the pandemic happened, we wondered, ‘Why do we live here?'”
The couple then decided to break into their savings and buy the apartment for about $127,000, according to the outlet.
They didn’t want to give up their charming one-bedroom cabin, so they bought it for about $325,000 and renovated it for another $35,000, the outlet reported.
They would live in this three-bedroom apartment during the summer and winter months if they weren’t shooting weddings due to the weather.
In Rio, they edited photos, updated their website, and went on vacation, all while earning the money they earned during their shooting season.
While the two lived in the apartment close to Krause’s family, they would earn a passive income by renting out their cabin on Airbnb.
“Listing these homes wasn’t about money, it was about being able to spend time with both of our families,” Krause said.
“We are lucky enough to have money to live our lifestyle in two different places, but the opportunity to be around both families makes us work so hard.”
According to the outlet, the couple has so far earned $13,000 in the first five weeks the cabin was listed on Airbnb.
Since listing the apartment on Airbnb in November 2021, the couple has earned $5,600 from six visits, which is an average of one visit per month before returning.
In all, that couple made $18.00 in just nine months between the two properties, without putting in much effort after the renovations were completed.
There are a few costs to keep in mind. Airbnb charges a surcharge of 3 percent of each booking, and the couple has to pay for maintenance, such as people to clean each property.
It costs about $50 per cleaning session in Rio and $126 per session in Oakhurst, the outlet reported.
Krause said the apartment in Rio is cleaned two or three times a month and the Oakhurst cabin is cleaned two or three times a week.
“It took months of work to make both places feel like home,” Krause said. “But now we only work one hour a week.”
They spend that hour confirming bookings and coordinating cleaning staff for their properties.
When they return to California, they will rent out their apartment to continue the income stream.
In total, both homes cost about $487,000 for both mortgages and renovations.
With the couple making $215,000 from their photography business last year, Krause said they’ll cover their bills and have some left over.
“It’s both a safe and crazy way to start a business because nobody really wants to rent out where they live,” Krause said.
“But we’re both willing to take calculated risks, and the rewards have been pretty great.”
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