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How to Become a Property Manager

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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

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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?

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Key Takeaways

  • ARR is  formula that calculates the annual percentage rate of return expected from an investment, compared to its initial cost.
  • ARR is a simple calculation that can be done on the back of a napkin.
  • IRR is a more complex equation that is best calculated with a spreadsheet or calculator.
  • IRR stands for Internal Rate of Return. It lets you estimate the future profitability of potential investments.
  • IRR lets you factor in the time value of money, which ARR does not.
  • IRR is preferable if you won’t earn cash flow from an investment evenly over time.

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How To Sell Your Primary Residence And Not Pay Taxes On The Profit

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Real estate is a great investment, and selling your home could net you a hefty profit. However, that large profit can mean a big tax bill, which can reduce the amount you get to pocket from the sale. It may also dampen your plans to move to a new location.

Fortunately, there are critical moves you can do to reduce the taxes you owe when you sell your primary residence.
[Read more…] about How To Sell Your Primary Residence And Not Pay Taxes On The Profit

25 Of The Best Side Jobs For Stacking Quick Cash In 2024

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The best side jobs are ones that match your interests and skills ― while rewarding you handsomely for your effort. Put simply, they are an awesome way earn extra income on top of your main job.

The framework for how to make more money and create multiple flows of income is to break your day into three parts, which are:

  • 9am – 5pm – Time spent on your main job
  • Before 9am and after 5pm – Time for your side job / side hustle
  • While you sleep – Time for earning passive money

[Read more…] about 25 Of The Best Side Jobs For Stacking Quick Cash In 2024