Well, we have entered the busy season and now it’s time for another vacation rental report for Calypso Memories. April is what we would call a shoulder month. Afterall, the real busy months are June and July. That being said, finances have been tight recently. Moreover, I posted about how I’ve been impacted by Murphy’s Law (twice). We really had a tough month in April in terms of my personal finance. So, I’m hoping that the condo was able to pay for itself. There’s only one way to find out. So, without further adieu, let’s see how Calypso Memories did in April 2024.
Vacation Rental Profit/Loss
Let’s see whether I made a profit or incurred a loss in April 2024 at Calypso Memories.
A. Vacation Rental Income
During the month of April, I earned $3772 in income broken down as follows:
This was a little disappointing. I earned less in April than I did in March. But, for what it’s worth, I did take advantage of the condo when it wasn’t booked. My goal is to use the condo if it’s not booked.
B. Vacation Rental Expenses
During the month of April, I incurred $5513 in expenses broken down as follows:
My expenses are also a bit disappointing. I note that my expenses were higher in April than they were in March. However, there really weren’t any surprises. Part of the reason why the expenses were high is because I had my HOA due quarterly, and the bill came view in April.
It is what it is.
C. Profit/Loss Statement
Based on the fact that my expenses exceeded my income, my LOSS for April was $1741.
As shown below, my year-to-date loss is $8039. This gets updated every month.
Obviously, the year-to-date loss is still high. As we get more into the busy season, I hope to chip away at this loss. In fact, I am even hoping that I will be able to report a profit for the year.
Annual Income/Expenses
Let’s see how April 2024 at Calypso Memories stacks up against April 2023.
A. Annual Income
Let’s see how the annual income at Calypso Memories look from 2024 to 2023.
Here is the raw data:
Well, for the first time this year, the annual trend went into the wrong direction. The good news is that there’s still plenty of months left to make up the difference. But whether the news is good or bad, I’ll be transparent and post about it.
B. Annual Expenses
Let’s see how the annual expenses at Calypso Memories look from 2024 to 2023.
Here is the raw data:
Yes! The annual expenses are trending in the right direction. If only the annual income could cooperate! But this is the only good metric in this report so far. I’ll take it.
Final Thoughts
This was a mixed report. We have entered the busy season. My expenses exceeded my income and I incurred a loss for the month. But the expenses this year were less than last year and so that’s a positive.
There’s still the possibility that I can end the year with a profit. But only time will tell. Until then, I look forward to next month’s report and hope that it is much better than this one.
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