{“defaultValue”:”500000″,”clearOnFocus”:true,”label”:”Loan Amount”,”name”:”loanAmount”,”symbol”:”$”,”symbolLocation”:”left”,”showLabel”:false}This brings us to probably the most important metric to know as a landlord – the rental yield. Here’s a simple formula to calculate it:Yearly costs may include property tax, maintenance fees, agent’s commission etc
Next, find a realistic annual rental income you can expect from the property. Besides the costs mentioned in the section on calculating rental yield above, you may also have to look into additional factors such as zoning requirements for commercial units, proximity to MRT stations, etc. Sign the paperwork, pay the downpayment and other fees, and embark on any renovations required. Once complete, you can start viewing your unit to potential tenants, and hope you quickly get a bite!Real estate investment trusts are a distinct class of investment fund that focuses purely on real estate. As an investor, you will purchase shares in a REIT that deals in the types of property you want to invest in.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: thenewpaper - 🏆 7. / 63 Read more »