10 Budget Categories That Belong in Your Plan
Here you go — the most common household budget categories, with average budget amounts and percentages for each one. Including examples!
Simple vs. Compound Interest Definitions and Calculators
Interest is the extra money you pay when you borrow money from a lender. You have to pay back the amount you borrowed, plus interest. Interest is also the money you earn when you deposit and save your money in certain bank accounts. Interest can…
Investment Property Loans: Everything You Need to Know
Investing in real estate requires capital, whether you’re buying a vacation condo to rent out, a single-family home for leasing, or a multi-story apartment building. loans can provide the capital you need, but they’re not exactly the same as conventional home mortgages. It’s important to understand the nuances of these loans before you sign on the dotted line.
Expense Management Tips for Property Managers
Whether you rent out a single house or manage multiple buildings with hundreds of tenants, it’s always important to keep your property management costs to a minimum to ensure profitability. Here are several ways to reduce your costs for both commercial and residential properties.
40 Tips for Buying Your First Rental Property
Buying can be a great way to earn income—whether you’re purchasing a condo, a single family home, an apartment building, or a number of properties to diversify your rental portfolio.
Rollover IRA: Rules, FAQs & How-To’s
When you have money in a 401(k) or other type of retirement account, you may need to move it if you leave your job (or for other reasons). In this situation, you may consider transferring the money to a type of account known as a rollover IRA.
Property Management Software: 6 Features Experts Want
If you’re a property manager, chances are your job requires you to juggle a lot of different tasks at once. Collecting rent, scheduling and managing repairs, maintaining a budget, posting and updating vacancy listings, keeping track of important legal documents—these are just a few of the many moving parts you have to stay on top of every day.
What is Portfolio Management? 5 Things Investors Should Know
What comes to mind when you hear the term “portfolio management”? Depending on where you are in your life and career, you may only be familiar with the basics, or you may have a fairly well-rounded understanding of how investment portfolios work and why they’re so important.
Best Products to Have in Your Portfolio
Successful investment portfolios practice diversification. Simply put, it’s not wise to put all your eggs in one basket. That basket must be looked at regularly to see which eggs are pulling in a profit and which are losing money. Be consistently watchful to make sure you always have the best products in your portfolio.
How a Sinking Fund Can Keep Your Holiday Budget Afloat
As we head into the last few months of the year, holidays like Halloween, Thanksgiving, Hanukkah, and Christmas hold the promise of food, family, travel, and gifts. But if you’re not paying attention, those “fun” holiday expenditures can add up quickly, blowing your budget and sending your financial goals careening off-track.