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RE: LeoThread 2024-12-13 13:48

in LeoFinance23 days ago

Part 4/7:

  • Trip 8: A long-term rental for 10 days netted $394, with the guest driving quite a distance to and from Florida for a wedding.

Financial Overview: Costs vs. Earnings

After accounting for those rentals, I reached a revenue tally of $1,051. However, expenses mounted quickly. I had to pay my car loan, insurance, windshield wipers, washing costs, and airport parking, amounting to over $1,200. This led to a negative profit for the month initially. Fortunately, the $600 claim reimbursement for damage proved instrumental in offsetting losses, resulting in an approximate profit of $400.

Considerations: Depreciation and Time Investment