7 Great Ways to Find and Keep a Great Tenant

find a keep great tenants

People love the idea of having rental property and collecting all that money each month. So, what’s holding so many people back from actually becoming landlords? I’ll tell you what.

Tenants!

The proverbial “I don’t wanna deal with phone calls about a backed up toilet at 2 am!” is what comes out of people’s mouths when you ask them why they haven’t taken the plunge (no pun intended!) into real estate investing.

Or the another common concern goes something like this: “Didn’t you read that story the other day online? These renters had sheep, goats, chickens, & who-knows-what-not else living in the house! They completely destroyed the place & then disappeared. No thanks! I don’t need the headache.” And they walk away from one of the easiest ways they’ll ever have to make serious money in their lifetime without hardly having to lift a finger.

If you want to become . . . → Read More: 7 Great Ways to Find and Keep a Great Tenant

Top Strategies to Get More Profit From Your Rental Property

get more profit from your rental property

Making the most out of a real estate investment requires landlords to reconsider their rental strategies on a regular basis. If you stop learning, your profits will likely suffer over time.

Top Strategies to Get More Profit From Your Rental Property

If you’re interested in getting more profit from your rental property or properties, incorporate these habits into your 2018 real estate management plan.

1) Decrease Turnover and Vacancy

As most landlords will tell you, fewer things are more trying in property management than constant turnover. If you want to save yourself from headaches and frustration—and a loss of profit—do all you can to reduce turnover and prevent vacancies in your rental property.

Turnover costs you more in the long run than you might think. You’ll lose rental income as long as the property remains unrented, which depending on cleaning and repair needs, could be longer than two months. . . . → Read More: Top Strategies to Get More Profit From Your Rental Property

7 Top Apps to Help You Save and Invest in 2018

apps to help you save and invest

It’s a new year, which means many people have made resolutions to save and invest their money. New to the game? Then it’s time to check out some of the best apps to help you save and invest your money in 2018.

This post is written by Kimberly Studdard, our regular staff writer. It also contains affiliate links, but at no additional cost to you.

The Best Apps to Help You Save and Invest in 2018

Maybe you’ve been a little lax with your money in the past. Maybe you just haven’t tracked it like you should be. This year is your year. It’s time. You’re going to start kicking butt with your finances.

Not sure where to start?

Don’t worry, we’ve got you covered. We’ve already done the research, tried out the tools, and made our recommendations below. Check them out!

1) Mint

While Mint won’t directly save you . . . → Read More: 7 Top Apps to Help You Save and Invest in 2018

The Top 3 Bitcoin Alternatives

Top Bitcoin Alternatives

Everyone has heard of Bitcoin, the world’s first cryptocurrency. Launched in 2009, it burst into the mainstream last year, starting at under $1,000 and hitting a peak value of $20,000 before heading back down. This decentralized currency is the leading ‘altcoin’ in terms of total market capitalization. But, one must understand that there are many other leading Bitcoin alternatives that should be considered.

Top 3 Bitcoin Alternatives

Bitcoin is the most traded cryptocurrency, giving it huge liquidity, as well as worldwide acceptance. However, it isn’t the only digital currency that in-the-know traders are looking at. The following 3 Bitcoin alternatives are also worth considering.

Related: Can Your Mutual Funds Beat the Stock Market??

#1 Ethereum

Launched in 2015, Ethereum is currently the 3rd largest cryptocurrency by market capitalization. It has pushed blockchain technology one step further with the implementation of smart contracts. These contracts can be added to the blockchain . . . → Read More: The Top 3 Bitcoin Alternatives

Can Your Mutual Funds Beat the Stock Market?

mutual funds beat the stock market

Mutual Funds absolutely soared last year. I mean c’mon, take a look at the growth on these funds:

Fidelity Select Technology Portfolio, +49.86% Putnam Global Technology Fund, +47.04% VanEck Emerging Market Fund Class Y, +50.32%

Isn’t that just insane??!!

The overall S&P 500 (an index of the top 500 companies in America) had a record year too, but it “only” increased by 20%.

So the analysis is simple, right? “Can your mutual funds beat the stock market?” Well of course! There are three mutual funds listed above that killed the S&P! Buuuuut, not so fast. Just because these 3 mutual funds beat the market doesn’t mean that you can pick which ones will be winners before the year begins. No one has a crystal ball – not even the professionals can accurately predict which mutual funds will beat the market year in and year out.

So is it even possible? . . . → Read More: Can Your Mutual Funds Beat the Stock Market?

Kid’s College or Retirement? What Should You Be Saving For??

college or retirement

College is expensive, and retirement seems so far away for many people. So for many families, guess what they do? Do they save for their children’s college of retirement? Often times…they choose to save for college. But is that the wisest choice? Should you save for college or retirement?

The Kid’s College or Retirement? What Should You Save For?

This post has been written by our talented staff writer, Kimberly Studdard.

First things first, when trying to decide on if you should save for college or retirement, you need to have the answer to two specific questions.

Do you have an age in mind for when you want to retire? Do you plan on paying for your child’s entire college education?

When deciding on whether you will pay for college or retirement, your lifestyle is going to be the main factor. Everyone’s life choices are different, so deciding up . . . → Read More: Kid’s College or Retirement? What Should You Be Saving For??

9 Ways to Make Retiring Extremely Early Possible

retiring extremely early

Retirement dreams… yeah right. These euphoric plans of the future often fizzle, fade, or just turn into an impossibility. Old age, cancer, disabilities – all these perils are killing our ability to retire the way we had always dreamed of. It’s becoming an undeniable reality for many…but it doesn’t have to be.

As I see it, rather than waiting till we’re 65 years old (and hopefully still in good health) to retire, we’ve got two other options: We can live life to the fullest today, cramming in as much fun as possible in between our working hours, or We can work our butts off today to retire extremely early tomorrow

In my opinion, both of these options beat the pants off of the “wait-till-we’re-65-to-live-life” plan. And in this post, I’d like to focus on Option #2 – working hard today to retire extremely early tomorrow.

9 Ways to Make Retiring . . . → Read More: 9 Ways to Make Retiring Extremely Early Possible

What to Do and Not to Do with Money at Age 16

do with money at age 16

“Hey, 16 year old Derek. You’re not as smart as you think you are! Sure, you just bought that truck with cash and you recently got a job at that swanky golf course…but you’re going to make some serious money mistakes. And, there are some other things you’ve never done with money that I sure wish you had! So listen up!”

What to Do and Not to Do with Money at Age 16

Ahhh if only we could go back in time! We could undo our wrongs and improve on the things we did right.

Obviously, that’s just not possible (yet), so this article is for all you 16 year-olds out there! If I were in your shoes again, what would I do differently with my money? Let’s start with what not to do…

Don’t Do These Things 1) Don’t Waste Your Money on Technology

When I was 16, I . . . → Read More: What to Do and Not to Do with Money at Age 16

What is the Rule of 72? And How Will It Help You Become Wealthy??

what is the rule of 72

“Derek, I’m in trouble. I’m 50 years old and we’ve only got $300,000 saved for retirement. There’s no way we can survive on that! It’ll only last us 10 years before it’s all gone!!”

I’m approached with the terror above quite a bit. People have been saving their entire lives, they hit the magic age of 50 where everyone seems to freak out a bit, and they suddenly look at their retirement account with extreme apprehension.

So how do they typically respond? One of two ways:

They start investing much differently than they had before – in high-risk, high-reward stocks, or They keep their head down, stay the course, and just hope everything works out.

While I don’t love the “stick your head in the sand approach” of #2, it’s actually the option that I’d recommend (that is, if you’re invested appropriately for your age already).

The reason?

The Rule . . . → Read More: What is the Rule of 72? And How Will It Help You Become Wealthy??

First Time Investing Without Too Much Risk

first time investing

You’ve worked hard to save, and the last thing you want to do is to risk losing those hard-earned dollars. But at the same time, wouldn’t it be great to be making more than 2% (or less) on your savings sitting in an account at your bank? The cost of living is increasing while your savings seem to be shrinking. You hear stories about investors in the stock market making huge profits, but it can mean losing some or all of your money if a company falters or fails completely.

First Time Investing Without Too Much Risk

The official advice is never to invest money that you can’t afford to lose. So, without risking a substantial amount is there a way you could try investing on a smaller scale, maybe making a little more on your money through capital growth or dividend income without chancing it all?

Low-risk shares are . . . → Read More: First Time Investing Without Too Much Risk