Poll

We rent out our apartment we live in once a month. Should we consider this as income or cost saving when figuring out our savings rate?

Income
Cost saving

Author Topic: Airbnb income or cost saving  (Read 1644 times)

Buxlo122

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Airbnb income or cost saving
« on: June 19, 2014, 08:40:43 PM »
We rent out our apartment we live in once a month. Should we consider this as income or cost saving when figuring out our savings rate?

Prairie Stash

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Re: Airbnb income or cost saving
« Reply #1 on: June 19, 2014, 09:09:55 PM »
I rented out a room in my house, I also rented out my basement as a separate suite.

The taxman said it was income.

Buxlo122

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Re: Airbnb income or cost saving
« Reply #2 on: June 19, 2014, 09:27:18 PM »
Let me clarify this is not a tax question.

More of a lifestyle question.

Prairie Stash

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Re: Airbnb income or cost saving
« Reply #3 on: June 19, 2014, 11:19:37 PM »
Fair enough, I still say its income.  I count income when money lands in my hand.  Savings is when no money moves. Getting income from rent is an awesome side hustle.

The taxman voted income too. Feel free to ignore him, nobody likes the poor guy. I only included him as an aid in the thought process.

MgoSam

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Re: Airbnb income or cost saving
« Reply #4 on: June 20, 2014, 04:58:04 AM »
You're getting cash in, so I would personally count this as income and not saving.

frugaliknowit

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Re: Airbnb income or cost saving
« Reply #5 on: June 20, 2014, 06:30:44 AM »
Do you mean one day per month?  Yes, it is income.