My first encounter with the financial markets were only available in the aftermath of the 2008/2009 Global FINANCIAL MELTDOWN. Before this, I needed no notion of what investment and trading were, although I had developed learned about economics, business management and accounting back my university or college studies. I had been a trader after i started, albeit an amateurish one, and trading was simply a side hobby of mine.
Then one fine day in early 2013 I started to relook at my forays into the financial markets, and discovered that the investment path was more suitable for me. Next few weeks I did a whole lot of reading, from books to blogs, online and offline, to immerse myself with information on trading. I also provided credit to my prior knowledge gained from my degree in shortening the training curve. By the beginning of 2014, I needed more or less settled on my investment strategy and methodology, i.e. “unaggressive income through dividend and index investing”. I am a typical salary and family man, with kids and a home.
The notion of supplementing the pension income and kids’ education dominated my investment brain, the need for passive income in my approach hence. An eBook, originally meant as an investment manual for my children members, is free for download. I’ve decided to talk about this knowledge with the others so that they could start their own investment trip.
Problems with tenants are a major headache for landlords. If you didn’t screen properly before hiring out, look out for this one. It could be worth giving good tenants (good credit score, steady employment) a discount to entice them (be cautious you do not violate fair casing and identical opportunity laws) .
- Social Media
- Car repairs
- Mutual funds with good background in SIP setting – 20 %
- Large charities
- 9$154,954 $45,604 $24,000 $9,297 $30,901 6%
- Lack of Catalysts
You might see less cash flow on a monthly basis, but it’s much better than having a high rent that doesn’t get paid on time (or at all) by bad tenants. Consistent cash flow is better than “more” cashflow that fluctuates a lot. Troublesome tenants have been known to cause landlords to stress and get worried, keeping them up at night and their morale low. Don’t do this to yourself.
Screen, interview, and make sure you’re selling your product to a suitable customer. 4. Not dealing with it as a small business. Your property is not a charity to the grouped community. It’s a small business. In the event that you run it any way, you’re business fails. Many landlords miss having a continuing business plan, evaluating for growth opportunities, and pricing their product accurately (overcharging or undercharging rents).
If you haven’t viewed the business side of your property, you’re departing it to chance. This relates to your relationship with tenants also. If tenants see you as a small business person who only talks about numbers and isn’t afraid to displace bad tenants, they’ll know you are not afraid to evict.