Here’s Journal Club 10/15/21! Every week, I hold a JOURNAL CLUB. After filtering through the articles on the web, I present a few that impacted my life this week. Be safe and stay well!
- As a real estate investor, if you enjoy managing your first rental property and the perks it offers, you might be tempted to invest in the next one for a good reason. Adding multiple assets to your portfolio is an excellent way of growing your business to achieve your financial objectives. However, new investments bring new challenges, and according to the author of Rentec Direct, there are a few things to consider when investing in multiple rental properties. So, what are these tips? To find out, read the article – Tips For Investing In Multiple Rental Properties.
- Did you know evaluating the local rental market is one of the key elements to determine an asset’s profitability? According to the author of Real Property Management, “it’s important to calculate a rental rate even before you invest and to re-evaluate your rental rates on a regular basis.” This strategy assists in ensuring long-term profitability. To learn more about rental rates, please read the article – Evaluating Rental Rates And Knowing When To Raise The Rent.
- Cash flow on a rental property can be defined as the income left over after paying off all expenses related to that property. However, different investors use different formulas to calculate this amount, and that’s where the math gets a tad complicated. The author David Greene over at Bigger Pockets shares his tips to determine the cash flow from a rental property in the article – Understanding Cash Flow: Are Your Properties Really Profitable?
That’s all for this week! I hope this week’s journal club was helpful.
Read anything interesting this week? Feel free to share it in the comments below!
Thank you for reading and sharing!