Service apartments are a great way to earn passive income, but it can be hard to know where to start with renovations. This guide will take you through the process of renovating your service apartment, from identifying which rooms to renovate first, to ensuring that everything is up to code and in good condition. How […]
Rental Property
Advice for First-Time Landlords: Here’s What You Need to Know
If you are not familiar with the trials and tribulations of property management, you might think that being a landlord is the most straightforward job imaginable. After all, owning a property is a stable source of passive income. You can use that money to pay off your mortgage or some other debts or even gain […]
How to Generate Profit from Your Property
Few people become landlords without making a profit in mind. They aim to generate rental income and retain a profit after their expenditures. This profit might form part of their retirement nest egg or go toward financing their next property purchase. However, as a landlord, ask yourself whether you are maximizing the potential profits on […]
Renting Storefront or Office Space? 8 Pros & Cons
You started your business at home. It has taken off in directions you didn’t expect. Now your house feels too small. Should you buy commercial space or should you wait? While your accountant should have a say in the matter, this article will try to help you decide whether your business needs a storefront or […]
How to Start a Buy-to-Let Business in the UK
Thinking of starting a buy-to let-business this year? While the economy may be in recession, there are still many opportunities within the property sector. Buy-to-let properties can be potentially lucrative. However, there are a lot of things you need to think about before deciding if it is the right career for you. Here, you’ll discover […]
How Can I Maximise My Monthly Rental Income?
Buy-to-let landlords need to invest a significant amount up front if they’re to make their business viable. Every step that can be taken to optimise the income stream should be considered. The more money being brought in every month, the more can be invested back into property. Cleaning After a given tenant clears out, it’s […]
5 Great Things to Know About Rental Income and Taxes
Rental income can be a lucrative industry for landlords. It is a fast-paced industry with many moving parts, such as interviewing potential tenants, managing current tenants, and maintaining property quality. Income tax and deduction for rental properties may not be the first thing on a landlord’s mind, but there are tax benefits that may be […]
Yes, You Can Start an Airbnb Business With Zero Budget
Airbnb offers ways to create an extra income from its platform, either by running a vacation rental property or servicing the needs of short-term rental owners. Aside from the current, temporary tourism slowdown due to the COVID-19 outbreak, demand for short-rental property is on the rise with over $115 billion industry value according to researches. […]
