Co-living is increasingly becoming an accepted form of accommodation for renters. Let’s take a look at how changing demographics and trends have led to the increase in demand for co-living. 1. Remote work Thanks to technology, it has now become possible for individuals to work remotely. This …
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It’s every landlord’s dream to have a great tenant who pays on time. From the tenants’ point of view, they would like a landlord who’s responsive and attentive to their needs. If you keep your tenants happy, they’re more likely to extend the lease on your property and that means you’re assured of …
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At some point in your childhood, you would have played Monopoly with friends or family. This classic board game has been around for over a century and the real-life financial and investing lessons from it are still just as relevant today. So if you want to introduce financial literacy to your …
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We all want to retire comfortably. To make sure you have sufficient funds to support your retirement and to have extra money to enjoy yourself such as for travelling, it’s best to invest early to save for retirement. Here’s why. 1. Power of compounding The power of compounding is one of the …
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Singaporeans typically have a love affair with property. From the moment they get their first HDB unit, to eventually selling it after the minimum occupation period (MOP), to upgrading to their first condo unit and eventually purchase another condo for investment purposes and for rental income, they …
[Read more...] about Property Rental Income as a Form of Extra or Passive Income
The key to breaking out of the rat race is to build wealth. But if you can’t give up your salaried job or are hesitant to take that big leap, why not try some side hustling first? Plus, it doesn’t hurt to earn some extra income, especially in the wake of rising cost of living. Side hustling is a …
You may have heard the phrase that your salary is like a drug addiction. That’s because once you get hooked on it, you can’t live without it. Here’s why. 1. You receive a “high” from your salary Each month, you receive your salary directly into your bank account. This “reward” for your work …
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One of the main goals of managing a co-living property for investment purposes is to maximise your rental income and rental yield. Here are some strategies you can take to increase your rental yield. 1. Pick the right tenants It is important that your tenants pay their rent on time so you can …
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Captivating images play an important part in the visual marketing of your co-living unit. However, not all of us have a good eye for photo-taking and we may not be able to take photos that put your unit in the best light. Here are 5 good reasons why you should pay a professional photographer to take …
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