May '24 • General discussion
April 2024 P&L
Total Revenue : $1,809,797
Expenses
Rent : $828,751
Electric/Water/Gas/Internet : $86,261
Cleaning Supplies : $17,155
Cleaners/Laundry : $223,458
Software : $12,053
VAs : $16,520
Maintenance : $9258
Storage : $3500
Parking : $27,220
Revenue Manager : 9048$
Salaries : $16,500
Total Net Profit : $564,733
Net Profit : 31%
Keep in mind I am still working on letting go of underperforming listings and cutting costs/overhead every month. By the end of the year I should have shed at least another 70 underperforming listings which all just broken even this month. If you have listings that are just breaking even in your HIGH SEASON then it is time to cut the cord and move everything elsewhere that is more profitable.
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April 2024 P&L
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