Tuesday, September 17, 2019

Should You Invest in a Single or Multi-Family Rental Property?

property management
Are you ready to start building or expanding your real estate investment portfolio? If so, you are probably weighing your property options carefully, especially when it comes to choosing between a single-family or multi-family purchase.

Both types of properties offer their own benefits and challenges. It is important that you look at each type carefully before making your decision and taking the leap. Once you take a closer look at the details of a single-family and multi-family home, you are likely to see that one better fits your portfolio more clearly. Some of those details include performing regular daily tasks like rent collection and property management.

Take a few moments to explore some key facts about single-family and multi-family real estate properties to see which one offers you the best short-term and long-term success with your next investment.

Single-Family Rental Properties

The idea of buying a single-family structure is often extremely appealing to future landlords that are interested in factors like long-term capital appreciation, substantial tax write-offs, and passive rental income.But there is much more to learn about this type of real estate investment.

Initial Lower Cost

Single-family rentals come with one huge advantage, which is a lower investment cost to get started. New real estate investors find that these properties cost less and require less upfront capital. Depending on the market where you plan to launch your real estate management business, you can find homes for far below $100,000—often under $50,000—particularly in the South and Midwest regions. Multi-family rental units in the same areas may cost well over $1 million.

Steady Growth and Strong Portfolio-Building Potential

If you have your sights set on building your portfolio steadily and profitably, a single-family property is an excellent choice—especially if you are considering buying one or more additional properties per year. With this strategy, you will have an amazing portfolio and serious cash flow over the next decade or two.

Quick Piece-By-Piece Liquidity

There may be times when you need additional cash flow for personal and business emergencies. You will find that funds are available through your rental investments, and it is far easier to sell a single-family unit than a multi-family property. More importantly, by doing so, you do not risk losing your entire portfolio, particularly if you have already invested in a few more single-family properties.

Multi-Family Rental Properties

Many first-time and more experienced real estate investors have their reasons for choosing multi-family properties that you might appreciate, too.

Cost-Per-Unit is Less with More Potential for Rental Income

Each multi-family unit is likely to cost far less than a fully single-family home while still allowing you to charge a similar rental fee. For instance, if you invest in a duplex, you may be able to charge the same monthly rental fee for each portion of the duplex that you would charge for asingle-family domicile.

Easier to Finance

Buildings that feature five or more units are eligible for commercial loans, which are actually easier to obtain than residential loans. Such loans are based more on the investment factor associated with the building than an assessment of your assets and liabilities.

Give Each Type of Property a Closer Examination Before Making Your Decision

Both types of properties offer several solid ways to build your portfolio whether you’re looking to purchase now or in the future.Just be sure to weigh out the pro’s and con’s and evaluate which property type is best for your financial goals.

Author Bio

Patrick Freeze is the President of Bay Management Group, which manages about 4,000 units in the Mid-Atlantic Region. The company is overseeing more than $700 million worth of real estate as of October 1st, 2018.

Tuesday, August 20, 2019

Understanding Forex Trading and Techniques to Earn More

business trading
It is such as a journey to obtain success in Forex currency trading since, as a trader, you're for the lane of progress and learning. To say this evidently it's like touring from stage A to B, where in fact the point B indicates to create constant earnings in Forex currency trading.

To be able to make money Forex currency trading over a continual time frame you must have confidence in and start using a simple trading approach like raw value action research, and effectively cope with your emotions, so you usually do not over trade and don't risk an excessive amount of. They are three necessary factors to learning steps to make money investing Forex. It is strongly recommended when starting out in Forex trading to view this currency set closely and move on to know its routines before buying and selling it. Once learned, you would discover it very money-making.The market is among the most dynamic on the planet, and this can be good since it means that you may make a huge benefit from it in the event that you only perform your cards most suitable.

If you are looking for a method to become a profitable FX investor in the market, then you must use the best Forex trading system which can give you a good start. When coming to currency markets, there is no other market in the globe that generates critical data in large amounts as this market does. The data that is generated should be processed and analyzed to get good profits in the market, and with the help of these software products, this process is done efficiently and in an effective manner.

Forex Trading Tips

The first step in this process is to collect all the data that is generated and given input to the system software, and all the Forex trading systems do this automatically. Secondly, this data should be screened based on their significance.

At this point, various software products differ from each other. The significance of a particular data, whether it is important or not is decided by the professional investor who is the source of power behind the development of the product. The nature of the end product depends on the better job they do to make money in the market. So, the better the job done to make money delivers a good end product.

The third step is we have to select the particular product on which we can invest our money positively. The ability of the programmers, experts and software engineers to understand that and develop it into mathematical algorithms reflects their experience and talent to decide the systems which can make money in large amounts and which gives you moderate profits.

This makes us talk about the top two Forex trading systems that are used by hundreds of investors all over the world. Their popularity all over the world is just awesome. It all comes to one conclusion they can give you maximum profits than other products in the market today.

Friday, May 24, 2019

6 statistics about employee compensation and benefits you should know

employees compensation
If you are a business owner then before devising an employee compensation plan you need to keep certain things in mind so that all the company employees remain satisfied with the job offer. This article covers the 6 aspects which are deemed as beneficial for the employees.

Benefits of pay in employee compensation

As being an authority you must know that what appeals largely to the workers. You must know that they would not appreciate an increase in a pay rate to that extent but they will highly love the additional perks and benefits in the comparison. In the true sense of the word, these employees need freedom and the additional packages and other add on can grant them that. The additional perks make them happier than you think. So whoever devises the employee compensation plan one must keep in mind the importance of this statistic for increasing the satisfaction level. At the end of the day, the happiness of the employee is all that matters. After all, they are responsible for boosting the productivity of the company. For 90 % of the employee, enjoyment comes before.

Importance of work balance

60% of women enjoy the balance in work life so during the recruiting process the hirer can highlight the aspects and elements which contribute to this balance. Even 48% of the men appreciate the work-life balance so there is a high chance of satisfaction if employees are recruited on this basis.

Perks in employee compensation

57% of new job seekers love the perks offered. If you will be offering additional benefits along with the salary package as part of the employee compensation then there are high chances that you will land up hiring competent people. The top tier talent will be attracted to this employee compensation and thus the productivity of your company will receive a boost. Such a perk will ensure that the employee owns a sense of ownership while remaining loyal.

Transparent Salary in employee compensation

If you want to build the trust level with the employees then you must be extremely clear and transparent about the employee compensation. many organizations are not at all comfortable regarding this matter and thus they fail to build up that trust level.you should never hide the information from the employees but instead, become as transparent in employee compensation as possible so that there remains no room for false hope.

Men get 24.1% Higher Pay

One may know that on average men earn 24.1% more than women. If this is the case in your organization too then you got to fix this air of inequality.

Employee compensation should be fair

This is one of the most shocking yet appreciable facts that about 67 % of the employee in the US is not willing to work in a place where inequality exists. Many don't apply or even leave early due to this unfair attitude of several organizations. Thus this clause must must never be present in employee compensation strategy.

Friday, May 10, 2019

7 Steps to Becoming A Successful Trader

money trader
Trading is about investing the profits of a business entity or individual overstocks. Growth stocks are stocks with companies that invest their profits periodically. Brokers are professionals involved in the buying and selling of stocks. They can trade in stocks via an exchange and charge a commission for that.

It is possible to make a trade over the internet or phone; a broker may even do so on the trading floor as well. However, an investor needs to follow a few essential steps for becoming a successful trader.

Here you have a list of steps to follow and shape your trading future:

■ Right trading plan

A trading plan follows a systematic method for evaluating variables like that of the trading objectives of the investor, his risks, and the appropriate time while trading and identifying securities. Apart from defining all parameters of active trading, a trading plan helps in taking a few logical trading decisions. You may keep yourself from making hasty decisions by opting for the right trading plan.

■ Risk management

Risk management helps in cutting down the trading losses. It can even safeguard your trading account from shedding much of your hard-earned money. The risk element comprises of the losses that a trader incurs. The trader can explore various opportunities of earning money in the market once he learns how to manage the risks.

It’s very much essential for active and successful online trading. Only a couple of bad trades are enough for a trader to generate substantial profits. That is why it is so crucial for you to develop the right risk aversion strategy in advance.

■ Money management

Effective money management reflects the number of contracts or chares that you may trade at a certain point in time. The concept is defensive. It lets you survive a few challenges and keeps your hopes alive for one more day. Through proper money management, you can understand whether you can acquire new funds for trading other positions.

■ Accepting losses

You have to take losses on a positive note if you want to be an expert trader over time. You cannot continue with trading if you cannot sustain losses. Experiencing losses can help you improve your trading strategy and turn into a uniformly profitable trader. Do not expect a high margin of return during the initial phase; instead, you must work sharpen your trading skills and achieve the bigger picture.

■ Knowledge on the market

The stock markets resemble a vast auction that enables the highest bidder to acquire ownership of companies. Compared to the intrinsic value of companies, the amount for which they change owners could be less or more due to the human emotions of greed or fear. You can identify the companies that are selling for less only when you are an efficient investor.

■ Being patient

You must learn to wait for the right opportunity whenever your timing seems off. You must trigger your actions at the most opportune occasion. You must develop an appropriate trading strategy by adjusting the parameters if you are stepping into trading for the very first time. Thus, you will be able to see a few other price bars and learn to be more patient. Eventually, you will learn how to steer clear of a few impulsive trading decisions and wait for the additional profitable trades. With time, you will lose all frustration and stress and know how to trade online.

■ Picking the right online broker

Online brokers face stiff competition from time to time, which indicates a drop in costs and ramping of services. Depending on your priorities, you may opt for an appropriate brokerage account. A state-of-the-art trading platform may seem worthy of spending higher commissions on trade.

Factors that you ought to consider while choosing online brokers include technical needs and trading style, account fees, promotions, account minimum, and commissions. Generally, online brokers offer an identical investment options menu including funds that they trade in the exchange, mutual funds, bonds, options, and individual stocks. Accessing forex trading and futures trading may even get more straightforward with some of them.

Investments dictate two things that you can explore with these brokers. You can explore the amount that you pay in terms of commissions and also know if you can meet your investment requirements. You must pay more attention to your investments as well as the related commissions.

Wednesday, March 13, 2019

Tips on Taking Your Freelance Career to the Next Level

freelance earnings
As a freelancer there comes a time when your level of success takes you beyond what you can reasonably cope with on your own and you need to take your freelance business to the next level.

But it’s important to do it right and if you are ready to expand your business there are a lot of things to consider – firstly if it’s right for you as it can be a big leap from the freedom of only being responsible for yourself, to having staff potentially.

We asked our friends from Crunch, a company that works with freelancers a lot, and they gave us a few things to consider when you are planning to take your freelance career up a notch:

1. Business branding

You need to look at your branding if you want to grow, particularly if you currently operate under personal branding. It’s important that your branding is flexible and can adapt with your growing business and can retain your expertise and authority.

2. Make sure your website is ready

Many freelancers set up simple websites when they start out with personal profiles but if you are planning to expand then your website needs to be up to scratch and also able to flex and change with your business. It needs to be professional and have the option to add in new services, products and staff pages as required.

3. Assess your products and services

You need to look at the products and services which you offer and see where you can grow and where the gaps are. Check your pricing levels and packages offerings to see where you can make improvements and add in extra opportunities for your clients.

4. Talk to your customers

Talk to your customers to find out what they think of your services and if there are any services which they’d like in addition so that you can grow your business alongside your current clients. Look for services which you can offer in partnership, even if it means partnering up with another business to offer them – it’s all a way to grow your business. If you are a designer and your clients request photography then plan to partner with a photographer, for example.

5. Take on staff

If you have got to the point where your level of work exceeds your capability then you may need to take on staff. This might mean staff to help with client work, or it might mean staff to handle other aspects of the business such as an accountant, or an admin assistant, to free up your time to work on the business aspects.

6. Continuous learning and development

As your business starts to grow you will find yourself facing new challenges which will require new skills such as dealing with staff or handling larger contracts and tenders, so you will need to grow your skill base.

As a business owner continuous learning and development should be part of your remit anyway but at this particular turning point in your freelance business it becomes more important than ever to keep your skills updated regularly.

7. Increase your marketing

If your company is growing then you need to up your marketing along with it to ensure it accurately reflects your new offerings, new staff and new approach in order to attract more of the business you need.

8. Improve your expert positioning

As your business starts to grow more and more people will be turning to you for your expertise so make sure you are positioning yourself and your business as leading the way in your industry area. You can position yourself by writing authoritative thought leadership articles, white papers and by giving talks at industry events, among other activities. Being recognised as a leader in your field will go a long way to take your freelance career up a gear.

9. Boost your networking efforts

Boosting your networking efforts goes hand in hand with upping your marketing and becoming a recognised expert. By networking more on a broad scale you will be able to make more and more people aware of what you do and the new services you will be offering so will hopefully meet some new clients that way.

And by networking within your own industry you will become aware of more and more opportunities to promote your business and your expertise at relevant industry events and exhibitions.

Taking your freelance career to the next level might seem scary and going back in the world of working in a team and having colleague and bosses however, it might also be the very ambition you have been working towards.

Growing your freelance career to become your own business with employees and a broad range of services and products is an incredibly exciting time and if you follow all o of the tips outlined here it will help you carve your own path to success.

Tuesday, February 26, 2019

Ways to Earn Extra Income During a Financial Hardship

financial difficulties
Life is much like riding a roller coaster with many ups and downs. Because of this, many people who don't have a budget in place, and live paycheck to paycheck, often experience a severe financial hardship that can be difficult to survive. The good news is that there are many ways to bring in additional money to help ease your financial woes.

Take Out a Loan

During an emergency, if you need access to funds immediately, you can reach out to a family member and ask to borrow money for a few weeks. If this is not something available to you, then you can apply for personal installment loans. In many cases, even if your credit isn't at the preferred level to lenders, these types of loans are easier to acquire.

Sell Things You No Longer Need

A fast way to put some money into your pocket is to sell things you no longer want or need. Check around in your attic, basement or garage and see what you have stored away. If you've resided at the place residence for more than a few years, chances are pretty good, that you have things that others will want to buy. You can have a yard sale or you can take advantage of the computer age and post pictures with a description online at sites such as Craigslist, eBay or the Facebook Marketplace.

Use Your Skills

Most people have acquired skills that they can use to earn additional income. Maybe you enjoy working on cars or you're able to fix just about anything around the house, like a handyman. There's an abundance of public need for services such as lawn care, babysitting and tutoring. You can also check online and apply to do things like take surveys or write for blogs. While they won't make you rich, they will supplement your income and help pull you over the hurdle.

Pay Your Bills on Time

Yes paying your bills on time saves you money, and surprisingly in more ways than you might imagine. When you pay them on time you don't incur a late fee and with some companies that can add up to hundreds over the course of a single year. Beyond the late fees, late payments can cause your credit score to take a hit. Suddenly, you are no longer on the "A" list for lenders so you pay more for things like a mortgage or a car loan and insurance. A low credit score can even prevent you from getting hired at a new company.

Trim the Fat

Every household has areas that need improving. When you find yourself in a tough financial time, trimming the waste can help you make it through. For instance, if you dine out or order take-out at least once a week, cut it back to once or twice a month. The same applies to buying coffee on the way to the office and eating lunch out.

Additionally, start paying close attention to your monthly bills, more specifically your cable bill. This is an excellent starting place for removing wasted money. Instead of paying for many extra channels, half of which you don't ever watch, remove them, and go to basic service until you free up monies to live more comfortably.

Most people will have a period of time in their lives where money is tight. Luckily, when these pitfalls occur there are ways to increase your income and continue to enjoy a comfortable life.