When you finally decide that you’re ready to buy a house – or sell your current home and buy another – one of the first questions you ask yourself is, how much can I afford?

Inquiring about affordability is smart. Unfortunately, getting a clear answer isn’t always simple. Every real estate agent, lender, financial advisor, and homeowner has a different opinion on how much house is okay to own. But regardless of what number or ratio people land on, everyone agrees that there’s no benefit to being house poor.

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Sharpen Your People Skills and Be Successful

People skills are important in every aspect of life, but certain professions demand more of you in this area than others. While a desk job – such as an accountant or software developer – might not require a whole lot on this front, landlords and property managers must exhibit proficiency.

Do you possess the right people skills? And are they sharp enough? Making improvements in this area will yield positive dividends over the long haul. 

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We live in a culture of excess. Our society is all about having more, buying the biggest, and doing as much as you can. It’s been this way for decades – arguably since the end of the Great Depression in the late 1930’s – so it only makes sense that people are finally becoming fatigued of the “more” mentality.

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Being a landlord isn’t always what it’s cracked up to be. While the money can be good, there are no guarantees. And even when the money is flowing, there are a number of other factors that can prove challenging to overcome.

Many landlords make a career out of running rental property investments, while others get run off after just a couple of years. Understanding what it is that causes some landlords to quit will hopefully allow you to avoid a similar fate…. [Read More]