Skip to content

August 2016 Side Hustle Report

It’s time for another side hustle report.  For new readers, every month, I like to document what I earned from side hustling using sharing economy websites.  I hope that these reports can help show you the type of money you can make using some of the skills and assets you already own.  Use the money you earn from side hustling to pay off debt, super charge your savings, or buy yourself something you want.

The key to these sides hustles are basically three-fold: (1) I find them fun to do, (2) these side hustles generally incorporate tasks that I’m already doing; and (3) I find that I derive a benefit from them beyond just making money.

For example, I already own a dog, so taking care of a second dog for a few days doesn’t add much additional work to my plate.  I basically can make extra money doing the regular dog care tasks I’m already doing.  The same goes for making food deliveries on my bike.  I enjoy biking around town and exercising.  The fact that I can get paid to keep myself in shape is a bonus.

Here’s the best part about these side hustles.  If I find out it’s not for me, I can just stop doing it.  Using these sharing economy websites is a low risk way to have your own little business.

I primarily have four sources of side hustle income:

  • Renting out a spare guest room on Airbnb
  • Dogsitting using DogVacay or Rover
  • Making deliveries using Postmates
  • Selling trash finds using Craigslist or OfferUp

Side Hustle Income for August 2016

I calculate side hustle income based on the payout date.  Accordingly, if I perform a side hustle in July, but get paid for it in August, I count August as the date the income was earned.

For August, my side hustle income was as follows:

  • Airbnb:  $1,266
  • DogVacay/Rover: $357.50
  • Postmates: $152.52
  • Selling Trash Finds: $99
  • Selling Our Old Furniture: $350

Total Side Hustle Income for August 2016 = $2,225.02

Not too shabby of a month!  Again, Airbnb continues to be the big driver of our side hustle income.  When we first listed up our place on Airbnb, we didn’t expect there to be much demand for our neighborhood.  We live in a college neighborhood, however, and completely underestimated the effect of living near one of the largest universities in the country.  It’s kept our Airbnb traffic pretty steady.

The fact that we are only renting out a room in our house gives us the added benefit of keeping out the riff-raff.  We’re not getting party animals.  Instead, almost everyone staying with us is coming into town for business reasons.  Attending conferences, going to classes, coming for interviews – that kind of thing.  These are usually the best type of guests because they really only need a place where they can sleep and shower.

Anyway, here’s a more detailed explanation of how this month’s side hustle money was earned.

Airbnb

As we’ve continued our Airbnb experiment, we’ve learned that each month brings with it a different type of guest.   Since we’re near a large university, almost all of our guests are in town because they’re doing something related to the campus (e.g. going to interviews, attending a conference, etc).  In April and May of this year, most of our guests were coming into town for conferences held on campus.  In the summer, we had our summer intern staying with us.

August was moving season, which meant almost every guest we had this month was coming into town because they were finished with classes and were moving out, or were getting ready to begin classes and needed a place to stay before moving in to their new place.  Our guests tend to skew on the young side, but this month, we also had a number of older guests staying with us who were in town to help their kids move.

The one thing we’re going to have to do next year is figure out the air conditioning situation in our house.  We live in an old house, so we don’t have central air conditioning.  The only A/C we do have is a window unit that we have in our own bedroom for really hot days.  Ms. FP and I try to avoid using air conditioning as much as we can.  We think people are a bit too reliant on A/C.  But two of our older guests complained that it was a bit too warm for them in our house and recommended that we get an air conditioner for the guest room.   The hot days are basically gone now for our area, so we’ll have a year to think about it.

DogVacay and Rover

This number is a little higher then normal because we had a stay that started in July cross over into August (so the payout occurred in August, rather than July).  The pups we had this month were all great.  And as usual, they didn’t really change our day-to-day life.  We’re already taking care of our own dog, so it really isn’t difficult for us to watch a second dog from time to time.

img_3624
One of our August dog guests.

The interesting thing this month was that we hosted a pup who belongs to a colleague from my previous big law firm job.  He needed a sitter for his dog and happened to stumble upon my profile.  Is it weird for me to take money from a sort-of-friend/former work colleague?  Ms. FP said it wasn’t, and I guess it wasn’t too weird for him either, as he’s asking us to watch his pup again.

Postmates

I was doing bike messenger deliveries in my spare time through a service called Caviar, but it recently shut down in my city.  That means all of my bike messenger deliveries now have to come through Postmates.

I didn’t do a ton of deliveries in August because I was tied up with other things, so I’m actually pretty surprised that this number turned out as high as it did.  No real secret as to how I made this money.  I typically just set aside a few hours in the morning on weekends – while Ms. FP is still sleeping – to make some deliveries and get some exercise.  Why pay for the gym if I can get paid to exercise?

Trash

It was college moving season in August, so that means Ms. FP and I grabbed a ton of trash to sell!  We definitely have enough trash to last us through the end of the year.  As a benefit, we feel like we’re helping to do our part to prevent waste, since all of the perfectly good furniture we grabbed isn’t ending up in a landfill.

We pick up our trash finds using our Prius, which I think is one of the best cars you can get.  It’s fuel efficient, has amazing storage for a regular car, and isn’t too flashy, but at the same time, isn’t a junker car either.  Next year, we might consider getting a bike trailer, because we’d much rather be able to bike around our neighborhood and load up stuff on our bike.

img_3157
Someone threw away this perfectly good Ikea cabinet. We sold it for $50.

The great thing about the trash we found was that most of it was brand name.  Tons of Ikea stuff!  I didn’t list up all of our trash finds yet just because of time constraints, but I’d estimate I have at least $500 worth of furniture sitting in my garage.  The plan is to sell it off slowly throughout the remainder of the year.

Old Furniture

We’ve had a desk and a dresser that have been sitting in our garage for years.  Ms. FP’s mom moved out of their family home about 5 years ago, and a dresser and desk got stored in our garage.  The plan was to sell them 5 years ago, but just due to complacency and laziness, it never happened.  I finally got off my butt and listed this stuff up in August and they sold after a few weeks.  Each piece of furniture sold for $175.

img_3136
An old desk that had been sitting in our garage for years. Finally stopped being lazy and got it sold.

And that concludes the August Side Hustle Report.  I hope this side hustle report shows you that there are many ways to bring in a little extra income each month.  Even a little bit each month adds up over the course of a year.  Thanks for reading!

14 Comments

  1. Looks like another great month! Pretty impressive income from Airbnb even without the consistent Airbnb’er you had the last couple months. Keep it going!

    • This Airbnb experiment has been really working out. I’m shocked at the type of demand we get, but I just completely underestimated how much being near a college campus draws in people.

  2. Awesome side hustle income! And I love your trash finds/flips. I never find anything as good as you do, but I’m sure it helps that you live in a college area. Thanks for sharing!

    • I’ll admit I sometimes get super lucky finding some of that trash, but even things you wouldn’t expect will sell for something! Trust me, it’s out there. You just gotta develop that “trash eye” like I have.

      A funny story about my “trash eye.” There was a huge pile of trash around the corner from my house a few weeks ago. Most of it was total junk. But just walking by, I saw something barely poking out of the trash that looked like something good. Ms. FP said to leave it, as nothing looked worthwhile. But I soldiered on. And in that pile were two really nice bar stools. Great condition! That was my “trash eye” at work.

      Later that evening, I saw a bunch of college kids rooting through the trash pile, so I’m glad I grabbed it before they got their hands on it, because they definitely would’ve taken these bar stools.

  3. Financial Panther – I love the idea of dumpster diving for furniture and especially baby items.

    We recently picked up two gently used double strollers that my neighbor was throwing out. We cleaned them up and then looked to see how much they were worth brand new. One cost $350 and the other cost $500.

    Who throws out perfectly good stroller like that?

    We checked on craiglist and these strollers are going for 60% of their original price. We are holding on to the for now because we’re afraid if we sell them it will be just our luck to have twins.

    • It’s nuts what people throw out. I imagine baby stuff gets thrown out because most people figure that parents only want to buy new things for their baby, so why bother trying to sell it.

      And good on you for keeping the strollers. I always say, keep the trash that upgrades your life. I recently found an end table some college kid had thrown out. Looked it up and found out it cost $200! Needless to say, I kept that end table for my living room because it upgraded my life.

  4. Whenever I walk around DC I always see perfectly good items being thrown out. Couches, printers, all kinds of stuff. Because I do not live there it is hard for me to sell them but it is mind boggling.

    Love the way you use AirBnB and am a big fan of your ac policy. I grew up without central air and I honestly hate being in ac all day it makes me feel confined. Best of luck with your future months!

    • There’s just so much stuff out there, it’s pretty crazy! I think $1000 a month or so in side hustle income is easily achievable.

  5. Nice side income! You’re really killing it on the Airbnb. We use it all the time, but have not hosted yet. We also feel like our area is not a big destination, but maybe we will have to pull the trigger and give it a whirl one of these days.

    • I always say give it a try if you’re comfortable hosting people. The beauty is, it doesn’t cost anything other than a bit of your time. If it’s not for you, you can just stop doing it, right?

  6. Wow, that is truly impressive with how much you earned from your side hustles. Particularly your AirBnB. I totally see where you’re coming from with the AC – we don’t have an AC (and sometimes there are a few days in a row of 40C+ – torture!). Maybe you could install an AC and charge more?

    Tristan

    • We’re thinking about installing the A/C. My big concern is having a guest who just leaves the A/C on all day.

  7. That is awesome! What a great side income, for just an extra bit of work. I also love the 3 criteria for taking on side hustles. Very inspiring!

    • Thanks Ms. MT! Since these side hustles aren’t super lucrative, it’s really important to do the side hustles where I’m getting something out of it or doing something that I’m already doing. Basically, a good way to kill two birds with one stone.

Leave a Reply

Your email address will not be published.