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Search resuls for: "Donna Fenn"


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☆ 6 things I learned in my first year as a landlord that any new real estate investor should know
  + stars: | 2021-01-02 | by ( Donna Fenn | Read More | Read Less | ) www.businessinsider.com   time to read: +8 min
I have several rental properties, and in my first year as a landlord, I learned a few lessons that could have saved me money if I'd known. Also, it's important to have good contractors lined up for when you need them, and to keep good tenants. With the purchase of your first rental property, you're not just a homeowner, you're an entrepreneur. Houses — and tenants — require tending; there's no such thing as a rental property that runs itself. Here are six things I learned when I first became a landlord.
☆ 5 retirement tips that actually work, from people who used them to retire happily years ago
  + stars: | 2020-10-21 | by ( Liz Knueven | Stephanie Hallett | Personal Finance Reporter | ) www.businessinsider.com   time to read: +7 min
Saving for retirement is a long process, but many retirees have shared their top tips with Business Insider. Retirees suggest investing in real estate to create income in retirement, and saving 15% of your income from a young age. Start saving 15% of your income while you're youngFinancial planner and writer Chloe A. Moore shared the retirement advice her uncle used to retire at 56. Saving for retirement works best when start young — retirement savings rely on time and compound interest to grow. Owning these properties was important when both of her parents retired, and especially after her father died.
Persons: —, it's, Chloe A, Moore, Donna Fenn, Fenn, Choncé Maddox, Maddox, They've, Robin Kavanagh's, Olivia Christensen, Ellen Young, Christensen, Young Organizations: Business, Service, Social
☆ My parents enjoyed a comfortable retirement for 25+ years by living by 5 money rules throughout their lives
  + stars: | 2020-10-05 | by ( Donna Fenn | Read More | Read Less | ) www.businessinsider.com   time to read: +7 min
My parents retired in their early 60s and enjoyed a comfortable retirement for more than 25 years. They had multiple streams of retirement income, including a rental property and investment accounts. Invest in a recurring source of incomeNow that I handle my mom's finances, I understand that retirement income comes from a variety of sources. Most of us will not be able to retire on Social Security benefits, so it's important to have other sources of recurring income. But those houses, which have been mortgage-free for many years, provide my mother with an important source of recurring income.
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