Chapter 4

Can I separate my business money from household money?

Tiền nhà và tiền cơ sở, tôi có tách được không?

The chapter's question

How much am I paying myself, and on which line does it sit?

Big idea

Many guesthouses are the owner's own home, and that is where the two cash flows mix.

In this chapter

  1. Part 4.1

    Two Accounts

    Are the property's money and my own money in the same place?

  2. Part 4.2

    The Owner's Wage

    If I hired someone to do what I do, what would it cost?

  3. Part 4.3

    When It's Also Your Home

    How do I split shared costs fairly?

  4. Part 4.4

    Unpaid Family Labour

    How many hours do family members work that never appear as a cost?

The reading for this chapter is inside Conan School

This chapter has 4 readings, with case stories and exercises. Chapter 1 of A Property's Money is free to read right here.

Read in Conan School

Chapters of A Property's Money

  1. 1.Does a higher room rate mean more profit?
  2. 2.Without an accountant, do I need numbers at all?
  3. 3.Did peak season earn enough, or just feel like it?
  4. 4.Can I separate my business money from household money?
  5. 5.Renovate more, or keep cash: which is riskier?