When you’re a property owner, little odd jobs constantly pop up that you either have to handle out of necessity, or feel you should tackle in order to make some facet of your place more functional or aesthetically pleasing. If you don’t have a lot of experience or know many handy skills, however, deciding which issues you can realistically address can be a challenge…. [Read More]
Archives for May 2018
Naturally, most of us are Yes People. Saying yes is easy, comfortable, and non-combative. When it comes to new opportunities, saying yes is easier than the alternative, which could lead to regret. Unfortunately, the more successful we get, the more opportunities, choices, and requests we’re going to encounter. Continuing to be a Yes Person eventually becomes crippling.
Productivity can often feel like an elusive or mythical creature … as if it’s something only certain people with very specific traits and skill sets can capture. Nothing could be further from the truth, though.
Anyone can be productive — and that includes yourself — if you set your mind to it and devise a smart game plan. If you study the most successful landlords in your area, you’ll likely come to the conclusion that they’re also the most productive…. [Read More]
One of the biggest issues people have with renting is they’re throwing money down the drain when they could be building equity. And while this is true, don’t assume that home ownership is an easy ride. As a homeowner, you face several unique expenses. Over time, these can really start to add up…. [Read More]
When it comes to real estate negotiations, nothing is more important than leverage. The individual with the leverage is the individual who will ultimately come away with a more favorable outcome (assuming they’re able to couple the leverage with patience).
From a buyer’s perspective, nothing gives you more leverage than knowing that a seller is motivated to unload their house. The question is, how can you tell if a seller is motivated?… [Read More]
Most outsiders don’t understand just how much stress comes with being a landlord. They assume it’s a flexible job where you ride around town, check in on properties, fix a doorknob or two, and chat with tenants. But what they don’t realize is that it’s actually a struggle to keep the entire operation afloat. Chief among these challenges is consistently collecting rent payments on time…. [Read More]
It’s often said that home ownership is the essence of the American Dream. But if there’s one thing that goes beyond mere ownership — that cuts to the heart of what it means to be an American — it’s being able to purchase your own undeveloped plot of land and build a custom home on the property…. [Read More]
It’s doubtful that anyone becomes a real estate investor or rental property manager just for fun. You don’t take on considerable financial risk and spend a lot of time and effort to secure real estate, draw up contracts, and prepare a house to rent just because you don’t have something better to do…. [Read More]
Whether you’re getting ready to purchase your first home, are moving up in house, or are simply fed up with paying for expensive home repairs, you’ve probably heard about home warranty plans and wondered if they’re right for you.
While there’s no clear-cut answer, this article will attempt to address some of the major pros and cons so that you can make the decision that makes the most sense…. [Read More]
You’re probably well aware that the compounding nature of traditional retirement accounts, such as 401(k)s and IRAs, can make anyone wealthy over time. Even maxing out a Roth IRA each year (and nothing more), can make you pretty comfortable in retirement…. [Read More]