This post continues our look at the online service Evernote and how it can assist agents, investors and owners in their property expense management.
As a property investor or agent it only takes one trip to the local hardware store and a few meetings before you are swimming in a paper trail of receipts and expense claims. For a big believer in minimalism such as myself, or perhaps more honestly as someone who just has a tendency to forget where he left all his receipts and invoices, Evernote provides a great solution for capturing not only property but work expenses on the go. (more…)
Property investing using Airbnb
Have you considered branching out and exploring other avenues of revenue income from your property portfolio?
The benefits and pitfalls of owning or investing in a holiday house have been well covered by the property investment community. Typically, investors are lured by the promise of high rental yields, not to mention the novelty of owning a little piece of paradise. With all that excitement it can be easy to overlook the risks of seasonal variances in occupancy, high maintenance costs and changes to property management contracts. However, there are ways to mitigate these risks.
In this post we examine an emerging trend that offers an attractive opportunity to investors and property owners. It also highlights a growing sector that rental owners and property managers should be aware of. (more…)