Having an additional stream of income is a wise choice nowadays. After all, the cost of living will just continue to rise.
Thus, if you have an unoccupied space, condo, apartment, or house, you can rent it out to other people to supplement your current income. Not only can it be a solid and continuous source of income, but it also helps you earn extra without the need to get involved that much.
With more and more people preferring to rent a property than own one, all you need is to keep up with the maintenance. However, if you want to make money, then you have to target a specific group of people. A great demographic to target are millennials.
Good thing there are plenty of ways you can make your rental property much more attractive to the generation. Check out these tips listed down below.
Buying your first home can feel like one of adulthood’s true markers and a dream come true. For today’s millennials, however, that dream may seem daunting, especially when they consider the other financial responsibilities that people their age commonly face. Student loans, credit card debt, and a higher cost of goods are all obstacles to becoming a homeowner today.
But with planning and hard work, millennials can get on the path to buying a house of their own. Here are some expert tips for maximizing dollars and ensuring that homeownership is a reality for every generation.
Technology is embedded into everything millennials do, which means millennials are relying on and expecting technology to enhance the way they work. This expectation has a direct impact on how technology is applied in most industries, including the real estate sector. Continue reading
Overall, there’s been a lot of discussion about millennial home-buying habits. While the housing market has recovered since the 2008 bust, many millennials are still not buying homes. It’s a divergence from an old pattern in the United States, where home ownership has always been viewed as one of the key pillars to building wealth. According to research from the Urban Institute, home ownership among millennials aged 25 to 34 is eight percentage points lower than baby boomers at the same age and more than eight points lower than Generation X. Continue reading