Quotes of the Day

Many forex traders like to target a reward-to-risk ratio of 3:1 as the ideal. Shooting for 2:1 can often be more practical in many real-life trading situations. [2009] - James Chen

For rentals, any upgrades need to be durable and timely so that this can last from one tenant to the next. Painting and changing floors and light fixtures is an easy way to spruce up a property quickly and without spending too much money. [2021] - Shazia Virani

I do not openly endorse buying no-money-down real estate. I recommend having some experience buying, selling, and especially managing real estate before going after highly leveraged deals. [2002] - Robert T. Kiyosaki

Asking one question at the end of a message is a must. Keep the question simple. Start with your experience on the topic, and then ask a simple yes-or-no question. Uncomplicated questions will encourage your match to expand on the topic. Always close the email with your name. [2013] - Laurie Davis

Most owners when renting their unit will go the easy route and rent it unfurnished and ask for a minimum one-year lease. But there can be many advantages to renting the unit furnished. Furnishing your unit requires a large capital outlay that can be $10,000 or more, depending on the furnishings and size of the condo. Not only would you be bring furniture, but also the accessories, art, lighting, kitchenware, etc. The benefits of doing so can translate into higher rents. Corporate clients, travellers and individuals in between homes are willing to pay the premium for a furnished condo. The downside of a furnished condo can be the short lease terms. While the rent may be higher during months of occupancy, you may also have many months of vacancy where you have to carry your mortgage costs. It's important to evaluate your market and the demand for furnished condos to determine if this would be the right route for you. [2012] - Brian Persaud