This Couple Made $18,000 in Passive Income in 9 Months by Renting Out Their Homes: ‘We Only Work 1 Hour Per Week'

Last September, wedding photographers Adriana Krause and Stephan Alvin did something unusual. They bought a second home during a global pandemic.

The home, a cabin in Oakhurst, California, is their business’s headquarters, located near Yosemite National Park where they shoot small ceremonies. When they’re not in California, they’re in Rio de Janeiro, where they purchased a condo in July 2020.

Krause, 29, and Alvin, 38, split their time between the two cities. When they’re in one home, they rent out the other on Airbnb. The resultant income, in just nine months: $18,000, according to documents reviewed by CNBC Make It.

“It took months of work to make both places feel like home,” Krause tells CNBC Make It. “But now, we only work one hour per week.”

That hour is spent confirming bookings and coordinating cleaning staff to ensure the properties are ready for the next guests. But the real estate side hustle is a risky and costly venture. Together, the couple’s homes will cost roughly $487,000 between renovations and both mortgages, according to Krause.

Krause and Alvin's photograph business specializes in small ceremonies and elopements in Yosemite National Park and Sequoia National Park.

Stephan and Adriana PhotographyKrause and Alvin’s photograph business specializes in small ceremonies and elopements in Yosemite National Park and Sequoia National Park.

While the revenue from Airbnb bookings hasn’t yet covered the homes’ price tags, Krause says the couple — who made $215,000 from their photography business last year — is on track to cover their bills, and then some. Profits pending, they have a grand plan: Once their second home is paid off, they intend to put that passive income toward travel.

“It’s both a safe and crazy way to start a business, because nobody really wants to rent out where they live,” Krause says. “But we’re both willing to take calculated risks, and the rewards have been pretty huge.”

A three-bedroom condo in Rio

Krause and Alvin met while working as skaters for Disney on Ice. In 2018, they retired from showbiz, got married and moved into an apartment in Fresno, California, near Alvin’s family. Within a year, they started their wedding photography company.

Krause and Alvin perform at an ice show in Brazil in 2018. They skated with Disney on Ice for six and 11 years, respectively, and visited every continent but Antartica.

Stephan Alvin and Adriana KrauseKrause and Alvin perform at an ice show in Brazil in 2018. They skated with Disney on Ice for six and 11 years, respectively, and visited every continent but Antartica.

Living in Fresno while working hours away in Yosemite and Sequoia National Park wasn’t exactly convenient, and Krause says the city “never quite felt like home.”

“Business was going great in 2019, and we had put all this work in to make 2020 great,” she says. “But when the pandemic happened, we found ourselves wondering, ‘Why are we living here?'”

The couple pooled their savings to buy the Rio condo, formerly owned by a friend, for the equivalent of roughly $127,000, Krause says. Because of wildfires and snow, they don’t book wedding shoots during summer and winter months — so they bought the three-bedroom condo as a place to spend those six months, a short walk from the beach and near Krause’s family.

Krause and Alvin paid off their three-bedroom Rio condo before they bought the Oakhurst cabin.

Stephan and Adriana PhotographyKrause and Alvin paid off their three-bedroom Rio condo before they bought the Oakhurst cabin.

While in Brazil, they use their time to edit photos, update their website and vacation. The money they earn during their photography season is enough to sustain them through their offseason, Krause says.

Since listing the condo on Airbnb in November 2021, Krause and Alvin have earned $5,600 from six visits — an average of one visit per month before the couple returned to live there again.

A one-bedroom cabin outside of Yosemite

The couple kept their apartment in Fresno as a temporary U.S. base while searching for a replacement closer to their work. They wanted to keep renting, Krause says — but the one-bedroom red cabin’s charm lured them in and convinced them to buy it as a second home.

The cabin cost roughly $325,000, plus another $35,000 over six months to renovate it, repair water damages and decorate it, Krause says. Even once it was livable, she adds, she spent weeks adding personal touches and taking virtual classes to learn how to make both properties profitable on Airbnb.

this couple made $18,000 in passive income in 9 months by renting out their homes: ‘we only work 1 hour per week'

Stephan and Adriana PhotographyKrause paid for virtual classes to learn how to make her Airbnb listings profitable. She says the tutorials taught her list a high security deposit, otherwise you risk “attracting people who won’t take care of your place.”

In just six weeks on the rental platform, the cabin has already brought in $13,000 for the couple.

Now that both homes are up and running, Krause says the expenses are minimal — primarily because she already pays for things like internet, shampoo and toilet paper as a resident. Cleaning staffs are one notable cost: roughly $50 per session in Rio, and $126 per session in Oakhurst. The Rio condo gets cleaned two or three times per month, and the Oakhurst cabin gets cleaned two or three times per week, Krause says.

Airbnb also takes a 3% fee from every booking, which cuts into profits. But Krause says the platform’s ease of use has kept her from even thinking about listing on competing sites like VRBO, which charges hosts a 3% payment processing and a 5% commission fee.

The couple say they use their Rio money on cleaning costs, bills and aesthetic improvements for both homes. Revenue from the Oakhurst cabin goes into their savings and travel fund, which will pay for a planned trip to Honduras in November.

Plus, always living close to either Krause’s or Alvin’s family is a “reward grander than money,” Krause says.

“Listing these homes wasn’t about money, it was about being able to spend time with both of our families,” she says. “We’re lucky to have money to live our lifestyle in two different places, but having the option to be near both families is what make us work so hard.”

Sign up now: Get smarter about your money and career with our weekly newsletter

Don’t miss:

This 28-year-old spent $8,000 setting up an Airbnb tent near a Hawaiian volcano–now it earns her $28,000 per year

‘I work just 5 hours a week’: This 39-year-old makes $160,000 a month in passive income—a look at his typical day

3 tips for making a passive income so you can quit your job, from entrepreneurs making $8,000/month or more

News Related


NHS locum firms cash in on staff shortage and see incomes soar, data shows

Accounts reveal agencies supplying staff to NHS have seen their incomes rocketThe NHS has more than 100,000 vacancies, including one in ten nursing postsAgencies Acacium Group and Medacs Healthcare receive hundreds of millions Read more »

North Korea Continues Missile Launches as US Redeploys Carrier

Japanese Prime Minister Fumio Kishida also confirmed the North Korean missile launches, saying the weapons firings are “absolutely intolerable" Read more »

Duane Brown could return to Jets offensive line this week

The Jets may be getting a piece of their starting offensive line back this week. Veteran left tackle Duane Brown returned to practice on Wednesday after missing four weeks with ... Read more »

B.C. premier cites ‘multi-faceted’ crime approach amid debate about arrests

Premier John Horgan waded into B.C.’s contentious crime debate Wednesday, saying he understands concerns in communities about violent offenders, but arresting more people won’t fix the issue. He said he ... Read more »

Why young gym-goer, 24, was left in tears after being called 'brave' for working out in 'tight clothes' following 30kg weight loss

A fitness influencer has slammed those who call her 'brave' for going to the gymElloise, from Sydney, lost 30kg and has 'loose overhanging skin' around her torsoAn acquaintance said she was brave which Elloise said was 'hurtful'  She said she shouldn't be called brave for simply showing her body at the gym Elloise said the comment has 'absolutely destroyed' her self confidence  Read more »

BC Hockey ‘monitoring’ situation as more groups cut funds to Hockey Canada amid scandal

BC Hockey says it is not making any decisions yet about whether to stop sending funds to Hockey Canada amid the ongoing controversy around its handling of reports of sexual ... Read more »

Man files police report after Rams’ Bobby Wagner tackled him on 49ers’ field

Rams linebacker Bobby Wagner said he was just trying to help when he tackled a man who ran onto the field with a smoke bomb during a “Monday Night Football” ... Read more »

Trump cries 'hoax' as Biden and DeSantis survey hurricane damage

Trump cries ‘hoax’ as Biden and DeSantis survey hurricane damage Former President Donald Trump attacked the Biden administration Wednesday in Miami for “destroying the rule of law,” just hours after ... Read more »

Andrew Tate just had his 'misogyny’ called out by Piers Morgan

Andrew Tate has been confronted on ‘misogynistic’ comments by Piers Morgan during a fiery interview. The influencer was banned from TikTok, Meta, and YouTube earlier this year after they stated ... Read more »

Suella Braverman signals shake-up of how police log burglary cases after forces pledge to send officers to every break-in

Miss Braverman signals review  of how burglaries are reported so officers can be on streets, not pushing paper  All 43 police chiefs made pledge to send officers to every residential burglary  National Police Chiefs’ Council Martin Hewitt plans to tear up the bureaucratic process officers have to follow when a crime report comes in Read more »

Robert Irwin, 18, makes a major announcement about his new project ahead of Steve Irwin Day

Robert Irwin has released a book of his wildlife photography. The conservationist, 18, made the announcement on Instagram on Thursday, calling it an ’embodiment of countless years of dedication to ... Read more »

Video: The secret language of 'supermarket dating': Brittany Hockley reveals the codes and special trolley items that signal you want to pick up on the grocery run

Read more »

EXCLUSIVE: Hero dad who drowned trying to save his teenage sons at a popular tourist beach - even though he could not swim - is hailed for his bravery: 'Put kids before everything else'

Dr Ashwin Bhalsod, 55, drowned at Yallingup Beach, WA, on Saturday afternoonHe went into the ocean to help his sons, 13 and 15, thinking they were in dangerWA Police said Mr Bhalsod, a podiatrist, did not have any swimming experience The father has been hailed a 'hero'  for rushing to the aid of his two boys   Read more »

Nic Claxton, sporting new look, seeks ‘fresh start’ with Nets

For the first time in eight years, Nic Claxton recently cut his hair. Instead of the longer dreadlocks he once had, the Nets center is now sporting something resembling a ... Read more »

You May Soon Finally Be Able To Stream This Bruce Willis Classic

Everett Collection/Shutterstock With more and more networks getting into the streaming game, old favorites are starting to reemerge. Some shows, like “Happy Days,” have been relegated to airing on a ... Read more »

Baffled man who filmed his mate being busted by a sneaky cop posing as a roadside window washer reveals how the driver was 'surrounded and intimated' – as the underhand tactic is slammed as 'bloody trickery'

New Zealand man has exposed a sneaky police tactic to catch unaware motorists His video shows an undercover police officer disguised as a car window washer  The officer would try to catch drivers on their phone and radio it in to other cops  One man confronted the undercover cop and was swarmed by several officers Police then threatened to arrest the man for obstructing a police operation Radio host Duncan Garner called the move 'bloody trickery'  Read more »

‘If it was concealed, how did they know you had it?’: Sam’s Club customer argues with employees over concealed carry of gun, sparking debate

‘If it was concealed, how did they know you had it?’: Sam’s Club customer argues with employees over concealed carry of gun, sparking debate In a viral TikTok video, a ... Read more »

EXCLUSIVE: 'I should sue them!' James Jordan blasts 'pathetic' Steph's Packed Lunch bosses for 'stitching him up' on 's**t show' by 'misrepresenting' his tweet critiquing Strictly's Ellie Simmonds who has dwarfism

James Jordan has blasted ‘pathetic’ Steph’s Packed Lunch bosses for ‘stitching him up’ during his appearance on the ‘s**t’ Channel 4 programme last week. The former Strictly pro, 44, has ... Read more »

Price at the gas pumps could rise more as OPEC Plus cuts production

Price at the gas pumps could rise more as OPEC Plus cuts production Gasoline prices in Canada continue to creep higher ahead of the Thanksgiving long weekend. According to retail ... Read more »

Texas executes inmate who fought prayer, touch rules

John Henry Ramirez was convicted of killing 46-year-old Pablo Castro in 2004, as he took out the trash while working at a convenience store in Corpus Christi. Read more »

Black residents in 2 Florida neighborhoods say they have been left out of Hurricane Ian relief efforts

Latronia Latson said she feels like she has been neglected in the recovery efforts from Hurricane Ian. Latson, who lives in the Dunbar neighborhood in Fort Myers, Florida, said she ... Read more »

Azul Launches A New Airbus A320 Route From Recife To Montevideo

Azul Launches A New Airbus A320 Route From Recife To Montevideo Azul IATA/ICAO Code: AD/AZU Airline Type: Low-Cost Carrier Hub(s): Belo Horizonte International Airport, Sao Paulo Viracopos International Airport, Recife/Guararapes ... Read more »

‘Why am I doing 2 interviews for a part-time position at Planet Fitness?’: Job applicant calls out Planet Fitness’ hiring process

woman speaking in car (l) Planet Fitness building with sign and parking lot (c) woman speaking in car (r) A TikToker went viral after she shared her story about being ... Read more »

Why Bode From Fire Country Looks So Familiar

Michael Loccisano/Getty Images CBS revealed back in May that they would be picking up “Fire Country” as one of three pilots to go to series this fall (via Deadline). Months ... Read more »

Video: Mother and her family lose their privacy and daylight after massive home build pops up next door - so how was the 'out-of-character' development approved?  

Read more »

I'm just potty about postboxes: As the first box marked with Charles III's cypher is being readied, HARRY WALLOP confesses to a rather nerdish midlife obsession

Some men, when they hit their mid-40s, buy themselves a sports car or start an affair. My midlife crisis is not as ruinous to my finances, but it could well ... Read more »

Nurses start voting on strikes! Royal College says 'enough is enough' and demands 17 PER CENT pay rises as it sends out industrial action ballots to 300,000 members

The Royal College of Nursing asked members to vote in favour of UK-wide strikeIt is calling for a nurse salary uplift at least 5% above inflation, which is at 12.3%Under the union's proposed figure, the average nurse, would get an extra £6,150 Read more »

Pierce Brosnan files restraining order against woman stalking his family at Malibu home

Pierce Brosnan has taken legal action against a woman who he claims has been stalking him and his family at their Malibu home. In a legal complaint filed Friday in ... Read more »

Why You Could Hear Naperville's Warning Sirens Go Off Next Week

Chicago-area residents are accustomed to hearing severe weather sirens on the first Tuesday of each month at 10 a.m., but residents of one large suburb may hear some more next ... Read more »

UK 10-year gilt auction sees strong demand, high yield

FILE PHOTO: A person walks past the Bank of England in the City of London financial in London By David Milliken LONDON (Reuters) – Britain received solid demand at an ... Read more »

Alec Baldwin settles with slain 'Rust' cinematographer's family

FILE PHOTO: Vigil for cinematographer Halyna Hutchins in Albuquerque By Andrew Hay and Rami Ayyub ALBUQUERQUE, N.M. (Reuters) -Actor Alec Baldwin and the producers of the Western movie “Rust” have ... Read more »

North Korea continues missile launches as U.S. redeploys carrier

SEOUL —  North Korea launched two ballistic missiles toward its eastern waters Thursday, as the United States redeployed one of its aircraft carriers near the Korean peninsula in response to Pyongyang’s ... Read more »

Broncos Announce Russell Wilson's Status For Thursday Night

Steph Chambers/Getty Images Denver Broncos fans got a bit nervous when they saw quarterback Russell Wilson and running back Melvin Gordon on the injury report to start the week. Those ... Read more »

World ‘nearing peak fossil fuel demand’ as wind and solar power take over

wind turbines.jpg The world is nearing a “tipping point”, at which we will hit peak fossil fuel power generation, and all future demand is met by renewables, particularly wind and ... Read more »

Video: VIDEO EXCLUSIVE: Love Island's Paige Thorne puts on a VERY cosy display with Billy Brown amid rumours she's 'taking a break' from boyfriend Adam Collard after cheating allegations

Read more »

Resident sues wood products company over California wildfire

FILE – Firefighters survey homes on Wakefield Avenue destroyed by the Mill Fire on Saturday, Sept. 3, 2022, in Weed, Calif. Robert Davies, who lost his home in the fire ... Read more »

'People think of me as an angry teenager': Greta Thunberg says Asperger's Syndrome helps her see through 'bulls**t' amid climate crisis in candid new interview

Greta Thunberg, 19, has spoken about how she is perceived in the public eyeThe Swedish activist touched on being seen as an 'angry teenager' by others Climate campaigner told ELLE UK about getting 'laughing attacks' every day Her book, The Climate Book is published on 27 October by Allen Lane Read more »

Climate Change Made Summer Drought in 3 Continents 20 Times More Likely: Study

The analysis was done using the warming the climate has already experienced so far but climate scientists have warned the climate will get warmer, and the authors of the study accounted for that Read more »

Nicola Sturgeon’s transgender plan confusing for rest of UK, equality commission warns

Sturgeon Nicola Sturgeon’s controversial plan to allow people to self-identify their legal gender in Scotland risks “confusion” about their status in the rest of the UK and the services they ... Read more »

Video: Chaos over date of Kwasi Kwarteng's fiscal plan as he insists it WILL be announced on November 23 but his allies say it will be brought forward to this month to placate backbenchers - amid claims ministers will try to delay votes 

Read more »
Breaking thailand news, thai news, thailand news Verified News Story Network