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Daily Archives: February 24, 2020
Funding Your Unexpected Expenses
The cost of doing business is one of, if not the least, budgeted and under-budgeted items that most REALTORS® don’t take into consideration when developing their business plan. Unexpected expenses are almost never taken into consideration! Why? Because most agents never develop a financial business plan allocating where the dollars will be spent.
This webinar shows you how to add an allocation of funds line to your commission budget so you will always have money available for emergencies and not solely, if at all, have to rely on credit. There is a simple process that you can follow to help keep you on track and we will show you how to do it. Whether it is for unexpected business expenses or emergency car repairs, having money in the bank will keep the stress to a more manageable level.
The Center for REALTOR® Financial Wellness is a resource designed exclusively to meet the specific financial planning needs of REALTORS®. This comprehensive program includes education materials and resources for wealth building, business planning, and investing in real estate. You can find additional financial resources by visiting
financialwellnees.realtor
No matter where you are in your career stage, we have something for you.
Where U.S. Apartment Rents Are Rising Fastest
Source: Statista
RENTCafé has released its latest analysis of U.S. apartment rent. It found that the national average rent for an apartment increased three percent, reaching $1,474 in December 2019. In net dollars, renters were paying $43 more per month for an apartment than in December 2018. Manhattan is the most expensive place in the country to rent an apartment with a tenant having to fork over $4,211 per month on average.
The research also analyzed the cities experiencing the biggest increases in rent with Phoenix in first position. It saw a 9.6 percent spike between late 2018 and 2019 with the average rent now standing at $1,123. Las Vegas came second with 6 percent growth while Austin had the third-highest pace of growth with 5 percent.
