6 Ideas to know how much rent your should charge for your rental property
There are 2 ways to make money from real estate. Either you rent it out for cash flow or flipping it for capital gain and profit from the equity of the property.
Today I am going give you some ideas how you can determine the rent for your property.
- Get the information from local newspaper and see what other like renting for
- Drive around the area of your property and ask if you find any rental sign on the property.
- Check some rental web site
- Call property management company or real estate offices and get their opinions.
- Hire an appraiser to run a check on the rental rate of your area
- Take action and run ads for a week at the highest rent you think and if no response, reduce the rate until you find someone rent your property.
PS: I collect this information from Richdad.com
The 8 simple steps towards Financial Free and Wealthy
We must thanks for talfighel over Richdad.com for writing a good article about “8 Ways to get started RIGHT". I understand that it is quite overwhelmed for starters and new people to get started especially us live in a world that full of information. Sometimes they will easily lost direction. However, talfighel believe that there are some simple steps that we can take to be success:
- Write Down Your why - I totally agree that human take action because of WHY. Before this I read an article which mentioned that most success people become success because they know their WHY very well, make decision and only stop after achieving their WHY. So sit down and think about your why
- Write down your goals - We all knew that a written goal is better that one that store in our memory. So take out a piece of paper and write down your goals, shot term or long term.
- Expand your knowledge - Don't know you agree or not, to be success, you need more knowledge, of course more than your education degree. So read some books, magazine and attend some seminars.
- Visualize what you want - I think this is one of the way you can make your some conscious stronger and improve your confidence.
- Make Sure that you are persistent and consistent - Focus! Focus! and Focus!
- Organize your planning - I feel that the easiest way to be success is make a plan and stick to it.
- Take action - the law of nature, your dreams only come true after you pulling the hard works.
Source : Richdad.com
Is being religious or lack of religion better for wealth?
Recently I read a post does god wants us to be rich? I think this is a good topic to discuss. And today, there is another discussion carried out about “Is Being religious or lack of religion better for wealth?†over the forum of richdad.com.
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In my opinions, I believe God really wants us to be rich with certain condition:
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- With a good incentives on how to using your wealth. If you have a good incentive that you will help more people with your wealth, I think God has no reasons to reject giving you the wealth.
- You are ready to accept the wealth. You must do something as a “road†where God can deliver the wealth to you. I don’t think God can do anything if you just lay on the bed, doing nothing and wait for the wealth coming over to you. I heard “God only help those who help themselvesâ€Â.
- You have the fate of being wealthy. I heard before from somebody that wealth is a gift of your merits. If you have the fate of being wealthy, then you will have it by gaining some merits. Being wealthy is not as easy as you think, if you don’t have the merits or fate, you can’t make it. So first change your mind, do something good, gain your merit and build your fate of wealthy! Or we can considered this as our LUCK?
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You may read what are being discussed in Richdad.com.
