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MoneyTips


By Laurence Jankelow, cofounder at Avail

Whether you've owned your two-flat duplex for years or you're trying to decide whether real estate is the right addition to your portfolio, it's important to think of rental property as an investment. Like any investment, your goal should be to maximize returns.

You don't need to predict which neighborhood in town is about to see skyrocketing home values. Instead you should buy a property that has a lot to offer tenants – over time, sustained revenue from rentals is a savvy way to earn money.

Once you have the property, you'll need to know how to manage it successfully, from repairs to tax payments. In this post, I'll outline four strategies to help you maximize your ROI.

1. Take the Time to Invest Wisely

When looking for an investment property, it's important to consider its location, amenities, and construction quality. You should also look for a property that's already fully rented. I...

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Pack up your thick winter bedding, throw open the blinds and welcome summer’s warm nights with light and breezy bedroom essentials. While the heat of summer can make it difficult to get a good night’s rest, you can at least prepare yourself with lightweight bedding, protective shades or a new ceiling fan. Read on to learn how to create your ideal warm-weather retreat!

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MoneyTips

Congratulations! You've just finished paying off your mortgage – probably the largest debt you'll ever have in your life. Should you expect your credit score to increase as a result? Not necessarily.

Your credit score is calculated from your credit report, a history of all of your borrowing and payment activity. While your mortgage was probably a huge part of that history, it's just one part. Credit reports also consider other installment loans, your credit card payments, and any payments for non-borrowing related charges (like cable or utility bills) that have gone into collections. Every account matters and contributes to your credit score.

Consider the factors that go into calculating a credit score, starting with payment history – the most influential factor. Mortgages require regular payments for a long time. With those payments removed, that's one less regular payment that proves you...

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