Are you beginning to dip your toes into real estate investment, but you’re not sure where to start? Do you have a future dream of earning passive income and gaining even more financial independence? You’d be surprised to learn that there are a variety of real estate investment avenues that don’t just involve becoming a landlord. [Read more…] about Real Estate 101: The Different Types of Real Estate Investment
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Investing vs Speculating? Why You Need to Know the Difference
Over the years, the term ‘investment’ has become widely thrown about. It’s meaning has been co-opted to describe everything from putting your money into a hail Mary, high-risk cryptocurrency to a long term investment in real estate.
However, there’s a big difference between investing versus speculating. [Read more…] about Investing vs Speculating? Why You Need to Know the Difference
How to Become a Property Manager
Have you been looking for a lucrative career that doesn’t require formal education or for you to pay for expensive degrees? If so, property management is an intriguing option.
A property manager is a person who is responsible for overseeing and managing real estate properties on behalf of property owners or real estate investment companies. Their role is to ensure the smooth operation, maintenance, and profitability of the properties under their care.
Property managers handle various tasks related to the day-to-day management of residential, commercial, or industrial properties. [Read more…] about How to Become a Property Manager
The Top Rental Listing Sites to Find Great Tenants in 2024
Did you know around 41 percent of rental properties sit empty at some point during a year? In a business where cash flow is critical, you want to keep those properties filled.
Marketing to today’s renter means you need to step up your game to more than just sticking a “for rent” sign in the yard.
Rental listing sites get you far more exposure to the tenant market than that old-school sign. These days, most renters are young and tech-savvy, so it’s important to meet them where they are. [Read more…] about The Top Rental Listing Sites to Find Great Tenants in 2024
IRR vs. ARR: What’s the Difference?
Key Takeaways
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ARR is formula that calculates the annual percentage rate of return expected from an investment, compared to its initial cost.
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ARR is a simple calculation that can be done on the back of a napkin.
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IRR is a more complex equation that is best calculated with a spreadsheet or calculator.
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IRR stands for Internal Rate of Return. It lets you estimate the future profitability of potential investments.
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IRR lets you factor in the time value of money, which ARR does not.
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IRR is preferable if you won’t earn cash flow from an investment evenly over time.
[Read more…] about IRR vs. ARR: What’s the Difference?