Do You Have What It Takes To Make A Fortune As A Landlord?

You might be looking for ways to boost your income. Well, becoming a landlord is a fantastic possibility to consider. By becoming a landlord, you will add a great cushion of cash to your accounts that will help you deal with everything from unexpected bills to luxury purchases that you wouldn’t otherwise be able to afford. However, there are a few things that you’ll need to consider before you completely commit to this idea. So, let’s look at these issues and make sure that you are ready for the impact being a landlord will have on your life.

Building And Managing A Budget

The first trait of any successful landlord is going to be the ability to handle and manage a budget. You might think that being a landlord is a simple matter of watching the money come in each month, but this isn’t the case. Even if you only have one property to handle, you will still need to deal with a lot of costs and fit them neatly inside a business budget. This means that you need to think about paying for costs such as repairs and maintenance, representation, checks and more. If these costs don’t fit inside your business budget you could actually lose money on your property investment and you don’t want that.

Hands-Off Or Hands On?

As a landlord, you’ll need to decide how hands-off or hands-on you want to be. If you’re hands-on you need to make sure that you are always available to deal with any issues that are impacting your tenants. For instance, this could be a problem with health and safety. Or, it might be ensuring that there is someone lined up to fill an empty property.

If you want to be hands-off, you need to make sure that you are arranging the services to keep the property in tip-top shape. For instance, you might have a lift as part of your property. If that’s the case, you need a solution such as Hin Chong lift maintenance services to make sure that it keeps running effectively. This is just one of the services that you’ll need to make sure is in place to keep your property in the best condition possible for tenants.

Choosing The Right Tenants

Once you have a property, it’s entirely your choice who you accept as a tenant. It’s well worth taking advantage of this right because you want to make sure it’s someone that will pay on time and keep the property tidy and clean. Remember, it is possible to run background checks as a landlord to make sure that there are no red flags with a potential tenant that do need to be addressed.

You might even want to consider using a legal advisor. With a support service like this, you will always be aware of your rights and responsibilities as a landlord. Basically, it can make sure that you do stay on the right side of the legal line.

Now that you’ve read this article, you should have a clear understanding of whether life as a landlord is the right investment choice for you.

With The Return Of Stock Market Volatility, Should You Invest In Private Equity?

The stock market is surprisingly volatile right now. After a pleasant 2017 when stocks rose consistency throughout the year many expected 2018 to be pretty much the same, thanks to tax cuts, increased company profitability and a generally healthy economy.

But that’s not the way it turned out. Instead, we had a year of ups and downs, with stocks potentially rounding out the year lower than they were at the start.

Investors, however, need to ask themselves whether any of this is surprising. Let’s face it: stocks right now are expensive. Current P/E ratios are getting close to where they were in the run-up to the dot-com boom. And to be good value (for investors who follow Warren Buffett and Benjamin Graham), they need to be priced lower than the discounted present value of their future profit stream returned to shareholders after tax. Given current prices, buying shares in public companies means that you believe that profits will continue to soar in the future. The current prices seem to indicate that the market thinks that they will.

But there’s a problem: household income just isn’t rising at the rate that the economy needs to sustain those higher profits across the board. Salaries are going up much more slowly, if at all, meaning that the demand from the middle-class is unlikely to materialize in the way that stock prices seem to be suggesting.

It’s this concern about incomes (and possibly a trade war with China) that led to the volatility that investors created in the public markets in February and October this year. Investors worried that companies were too expensive, that they wouldn’t generate the promised profits in the future, and that they should seek returns in other areas. Many risk-averse investors also wanted to invest in assets with more favorable risk profiles for themselves and their clients: pensioners, for instance, do not want their assets fluctuating 40 percent in value from one year to the next.

Private equity offers an alternative strategy for investors. Rather than invest in the volatile public markets, private equity allows investors to escape many of the big swings that one sees in public markets and invest in long-haul projects designed to pay off in five, ten, fifteen years – and possibly longer.

Private equity is a different animal to buying stocks and shares in publicly traded companies. For starters, it’s not something that many investors ever do: it’s just not as easy as buying a stock or a share (for which there are dozens of brokers and apps). Instead, an investor has to go and visit the company, see whether it offers the potential for return, and then become an owner by buying private shares.

The upside, however, is that there tend to be more extreme opportunities to make money in private equity. Relatively few investors (at least compared to the public markets) are seeking profits in the sector, meaning that there’s a higher likelihood of finding a hidden gem: a company that could generate ten times the initial investment in a short space of time. Companies do exist on the public exchanges which offer ten times return in a single year, but they are fabulously rare, and their gains tend to peter out relatively quickly. Private firms tend to be under less scrutiny by analysts than those on the public exchanges, and so profitable opportunities are not competed away as much.

Lack Of Information

One of the reasons many retail investors shy away from investing in private equities is the lack of information available on privately trading companies. Reporting requirements for these companies are minimal, and so it can be hard to find out much about them to decide to invest.

Although it may sound counterintuitive, this is a boon for investors. As discussed, fewer analysts have their eyes on privately traded companies and, therefore, there are more opportunities for savvy investors to make incredible returns.

Take the example of Peter Thiel, for instance. Back in 2004, Thiel invested $500,000 in the then private, Facebook in return for 10 percent of the company. Thiel invested some of his money from the sale of Paypal in the firm, believing that eventually, Facebook would hold an IPO. Thiel then sold 16 million of his shares at the Facebook IPO in 2012 which valued the company at more than $100 billion, generating $638 million.

But Thiel had connections and knew his way around the tech industry pretty well. What about the average retail investor without access to this kind of information?

It turns out that there are still options. Investors, for instance, can work with a private equity firm – an investment broker who deals specifically with the issue of private equity. These institutions open up a whole new world of possibilities to the average investor, without the need for them to go and do their own research into private companies (which often restrict access anyway).

High Initial Investments

Investing in a private company often comes with “high-minimums.” High minimums mean that you have to stump up a minimum amount of cash to even be allowed to invest in a firm. Firms do this because of the high transaction costs involved in transferring private equity, and because they want to make sure that the people investing in their firms have proven financial acumen.

Minimums can be extraordinarily high. Some companies demand minimums more than $10 million, well outside of the range of most small retail investors. However, high minimums don’t necessarily mean that it’s the end of the road. Again, retail investors can go to private equity firms, pool their money together, and have the private equity firm act on their behalf when investing in private companies. Then, when the time comes to sell, the private equity firm can take the money from the sale, and distribute the profits among those who initially invested.

In short, retail investors should consider the benefits of investing in private equity. It offers fabulous returns and shields portfolios from the vicissitudes of the public markets.

13 Ways To Help Others With Your Success

When it comes to your career, you’re always going to want to make sure that you’re on track. That you’re doing something you love. That you’re finding success in your own way. That you’re making money and enjoying yourself. And while it may seem hard to do all three at once, it’s really not. Because if there’s something that you want, then it’s highly likely that you are always going to give it your all. That you’re going to be able to keep pushing and working and trying until you reach the levels of success that you’re looking for – no matter what that might be. Whether you want to make money online or become a coach or start a non-profit, there’s always success to be found in a range of different ways.

But what do you do when you’ve found it? Do you just stop? Or do you set new goals for yourself? Or, as an alternative, do you give back? Because when you’ve been able to find success with your career, isn’t it always best to share that? Most certainly so. If you know that you’ve learned a lot, that you’ve got something to give, and you want to make sure that you are sharing with others, showcasing your success and spreading positivity is always a good idea. And here are thirteen ways to do exactly that.

1. Give Advice

First of all, you’re going to want to give advice. When people ask you questions, give an honest response. If people want to know your ‘secret to success’, give it to them. Make sure that you are sharing and being honest and letting your experience inspire others.

2. Become A Mentor

Now, you will know just how important mentorship is, right? You may have had one for years – you may even have several. So you know just how influential a mentor can be. So why don’t you offer the same support to others that they offer to you? Becoming a mentor can be pretty simple. And by offering an hour of you time here and a day there, it can be a great way for you to help others.

3. Share Your Story

Another really simple way to make this work, here, is to just share your story. Get a publicist and get your story out there. Write about it on your own blog. Do interviews with others. Just try to give out as much advice as you can, FOR FREE, so that others can learn something about your experience and be inspired to do something for themselves.

4. Give Tidbits On Social Media

And when it comes to your social media accounts, just put stuff out there. Share what you’re doing, what motivates you, what inspires you. Show your process. Demonstrate what you’re doing. These little tidbits are always going to help somebody out there.

5. Go Behind The Scenes

Next, you’re then going to want to make sure that you’re letting people in too. Do not just keep your secrets to yourself. And don’t think that nobody cares. Because they do. The behind the scenes are the juiciest bits! So make sure that you’re maxing on the behind the scenes content, like this, to share your story. Go live. Get personal. And just show what you’re doing, because there’s always something that someone can take away from it.

6. Just Talk

And if you really don’t know where to start, just talk. Talk to anyone that will listen. Start a vlog, go live on Instagram and on Facebook, talk to your friends. Write back in the comments. Just start talking. Don’t plan this. Don’t try to control it. Just be real.

7. Have Time For Others

Next, you’re going to want to make sure that you just have some time for others. Don’t think that you’re too busy. Or that you have no idea how you are going to give any value to others. Because if you have success, then you have something to share. But you need to make time for others. So if you get questions in your DMs or emails or comments or anything else, reply. Because this is a simple way of helping others.

8. Host Events

And then, if you want to try and share what you’re doing with the masses, host an event. Book a space, send an invite out on social media or via email, and just see who wants to come and see you speak and listen to what you have to say. Because those that have no idea what they’re doing, will always be able to learn something from you.

9. Write A Book

Another really great idea is to write a book. And sure, that seems really intense, but it’s just like anything else that you can do. You just break it down. And maybe you’ve already written a book in your career, so this is nothing new to you? Then great. Because writing a book and sharing your story this way, and making sure that you be real with your success, will allow others to do it too.

10. Speak At Events

Next, you could then also go ahead and speak at different events too – they really don’t have to be your own. Maybe there’s a school that wants you to speak, or a recruiter? Maybe you want to help young people get their dream jobs, like here, and actually make waves with their careers too. Then go to these events, that will actually be attended by the people you want to influence, and be real with them. Because if you’re authentic, then you’re in the best possible position to help them.

11. Create A Forum

So the next thing that you could think about doing here, is creating a forum. Maybe you have SO many questions that you just cannot keep up. Or you’re losing track of where the questions are coming from. Or your events always sell out too quickly. Then creating an online forum where everyone can come to is going to be great for you. Because it can be an online space where you send your advice out in masses.

12. Donate To Charity

But then also, you can also help others with your success financially. Because it’s not always about your time or your thoughts or experience. The other thing that comes with your success is money. And what are you going to do about it all? Do you want to hold onto it yourself? Or do you think that it might be best to donate it to some charities?

13. Start A Non-Profit

And then finally, it could be the case that you get to start a nonprofit to share your successes too. Maybe you want to invest money so that it helps others? Maybe you want to give back? Either way a nonprofit corporation could be something great for you here. So consider what you might like to do to help others with the success that you’ve had.

And just like that, you’re going to find that you are actually able to make a difference with the success that you’ve found. Because that’s the thing about being successful. It’s not always something that you achieve in your own. You’ll often get help from others, support, advice, and mentorship. You may have a leg up! So isn’t it great for you to be able to offer the same to others and really make a difference to the lives of others?