Top 6 Home Renovation Projects to Give you the Biggest Return on Investment
Thinking about remodeling before listing your home? Remodeling your home can add a tremendous amount of market value. But don’t fall into the trap of biting off more than you can chew. Some renovation projects are not worth the damage to your wallet. Keep reading for my top six home renovation projects that’ll give you the biggest return on your investment!
Are Short Term Rentals Worth the Investment?
Investing in rental properties is a widely known path to wealth. What about investing in short term rentals? In recent years, short term rentals have become a popular avenue for investors and travelers alike. Due to the rising popularity of AirBnb and VRBO, large hotel chains are not the only option for people traveling for business or pleasure. Short term rentals can provide a home-away-from-home experience for travelers who are looking for the type of private accommodation a hotel cannot offer. More and more investors are turning to short term rentals to create their cash flow! Keep reading for an overview of short term rental investments so you can consider why it might be a great option for you!
Five Smart Home Technologies to Increase Market Value
Looking for ways to add value to your home before listing it on the market? Consider installing some smart home technology. Smart home technology can definitely increase market value. In fact, appraisers make special “adjustments” when comparing technology-enabled homes with similar technology-deficient homes. In recent polls, the majority of real estate agents believe homes equipped with technology and automation sell faster than homes without. The key is having smart products installed and fully functioning before your home is listed. Keep reading for my top five smart technologies to consider adding to your home before placing it on the market.
5 Best Ways to Use AI in Real Estate
In 2022, 35% of businesses worldwide used Artificial Intelligence (AI). That percentage is expected to go up over the years as AI adoption is increasing by leaps and bounds. Proper use of AI in real estate can save time, increase productivity, improve online presence, and up your overall effectiveness as a Realtor. But you have to know exactly where you can use it. You don’t want to depersonalize your business! In this post, I’ll give you my five best ways to implement the use of AI in your real estate business.
Do the Math: Find out Where Your Money Is Going and Should be Going in Your Real Estate Career With These 3 Steps
Real estate agents are too busy to handle every single task the job demands. That’s why efficiency, delegation, and streamlining are so important! However, it usually takes some money to set these types of processes up well. Do you know how much money you are actually spending on your real estate business every month? What about how much money should be going where? Knowing where to invest your money and where to hold off is key in creating a booming real estate business. In this blog, I will show you three key steps to get a hold on the finances supporting your real estate business and make a plan for success.
Overcoming Five Common Obstacles as a Real Estate Agent
It’s not uncommon to feel discouraged in your career as a real estate agent. Seeing the success of other agents around you can tempt you to compare yourself and focus on your failures. Just because you might be struggling, doesn’t mean you’re incapable of great success. Your mindset is what will make or break you. Are you going to choose to let your circumstances dictate your mood or will you choose to use difficult moments to grow without dwelling on the worst? In this article, we will look at five common obstacles real estate agents face and the best strategies to overcome them.
The 1% Rule and How to Implement it into Your Real Estate Investment Strategy
There are around 20 million rental properties in the United States. Investing in rental property can be a foolproof way to turn a profit. However, it must be done thoughtfully and strategically. For real estate investors who own rental property, their profits are largely dependent on rental income. With that being said, buying a rental property can pose some risks. How can you make sure you’ll generate positive cash flow? How do you know how much to charge tenants? In this article, we will discuss the method of the 1% rule and how you can use it to purchase a successful rental property and determine the best price for rent.
7 Practical Apps to Manage Your Time as an Agent
One of the best parts of being a real estate agent is creating your own schedule. Without the time constraints of a typical 9-to-5 workday, you have unique freedom! The flexibility of your schedule poses a special challenge to manage your time well. With technology in this day and age, we have a lot of assistance in that realm. In this article, I’m going to show you the seven apps you can download today to help you effectively manage your time as a real estate agent.
4 Types of Residential Real Estate Investments
Did you know there’s more than one way to invest in residential real estate? Most people think investing in residential real estate is limited to owning rental property alone. While this is a great option, it’s not the only one. In this post, we’ll explore four different types of residential real estate investments with pros and cons for each.
Eight Helpful Tasks an Unlicensed Real Estate Assistant Can Do
From managing a calendar to creating marketing campaigns, real estate agents wear many different “hats” for the job. Unlicensed assistants are often used by brokers and sales agents to perform certain tasks to aid them in different real estate business. Often referred to as administrative assistants, these unlicensed employees can be a wonderful help to a busy agent. However, special care must be taken to ensure that unlicensed assistants do not perform any duties that would permit a real estate license. In this post, we will go over eight helpful tasks an unlicensed assistant can do to help your real estate business thrive!