Rental Vacancy and Credit Loss Whenever you’re investing in a rental property, you need to take into account vacancy loss and credit loss. Vacancy loss is when a tenant moves out and you have an empty unit generating no income for a time span. Credit loss is when a tenant doesn’t pay their rent. Both will impact your profits from the rental. And if you’re looking for a loan to start your real estate business, a lender may also take these two items into account....

Before you sign legal documents such as these, ask how you can cancel if things don’t work out the way you hope, or if you change your mind. If you don’t receive a satisfactory answer, or you can’t figure it out yourself by reading the cancellation clauses, then don’t sign until you have a lawyer review it and advise you. Here is what you should know about canceling purchase and listing agreements....

In general, you should keep a press release to one page, which is usually about 500 words. When you’re done writing, have someone check it for grammatical errors, typos, and other mistakes. Be sure to double-check all links, facts, statistics, data, and contact information before you publish your release. If you don’t know how to create a press release, you can easily learn how to do so by following the guidelines and example below....

Depending on which jobs and employers you’re targeting, this might mean sending your resume via email or uploading your resume to a job search or company site. Options for Online Resumes Employers care whether or not you follow directions, and they generally want employees who are technologically savvy. Therefore, it pays to learn as much as possible about the right ways to format and send your resume before you apply....

To endorse a check, sign your name on the back and include any additional details required to process the check efficiently. A signature is usually all that’s needed, but additional steps can help you control how banks handle your payment and protect you from fraud. How To Endorse a Check Endorsing a check is fairly simple, but there are a few things to know so that you do it correctly and your money is protected....

Also, the employer will have a record of your personal and employment history, verified and signed by you. When you sign the application, you are confirming that all the information on it is accurate, so it’s important to be sure it’s correct. Information Needed to Complete a Job Application Regardless of whether you complete an online job application or apply in-person, make sure you have ready all the information you’ll need in advance....

Learn the best way to build your credit for a mortgage. Check Your Credit Reports When you apply for a home loan, the mortgage lender will look for three main things. The first is that you—and your spouse if you apply jointly—have a steady income. The next consideration will be how much of a down payment you can make. The final piece is whether you have a solid credit history....

Then you will know your next steps, but ultimately it should be up to the human resources department or your supervisor to initiate early introductions. If he or she doesn’t follow through, then you may need to take matters into your own hands. If that’s the case, be proactive by implementing some or all of these tips for introducing yourself at your new job. Just say, “I’ve started getting a feel for who works here and who I’ll be working with, but I’m still a little unclear....

Learn more about bear markets and how you can take advantage of them. What Is Bear Market? A market correction is an occurrence where, as a whole, prices drop between 10% and 19%. A bear market happens when prices have fallen more than that of a market correction. That means they’ve fallen by 20% or more. There have been 22 market corrections but only four bear markets since 1974. The length of time that the decline lasts is called the “duration....

Tadawul: The Saudi Stock Exchange Tadawul is the only securities exchange in the country and is supervised by the Capital Market Authority. With approximately 199 listed companies, the exchange is heavily weighted toward the financial services and energy industries but includes many other sectors. Overall, the index provides investors with fairly well-rounded exposure to the country’s economy. The primary measure of the Tadawul is the Tadawul All Share Index (TASI), which is similar to the S&P 500 in the United States....

Mentioning that you’re referred by someone is like getting an employment reference in advance. Hiring managers and recruiters will likely take a closer look at candidates with whom they share a mutual contact, and for good reason: studies have shown that hiring through employee referrals results in faster, cheaper, more effective hiring than relying on job sites. Applicants with a referral are four times more likely to be offered a job than candidates without one....

For example, leaving $1,000 on the table in a salary negotiation means you may have given up over $181,000 if you invested this money over 30 years at a 10% yearly return. If you negotiated a five-cent reduction in the cost of manufacturing your business’s product and you ship more than 50,000 units a year, this could end up saving your firm $2,500 a year. Learn how to prepare for negotiations, start the conversation, understand and make counteroffers, close the deal, and what to do if negotiations go awry....

Here are a few steps you can take to make sure your house sells quickly and for top dollar. Disassociate from Your House Letting go of your home can be difficult. You’ve lived there, possibly for years, and the house holds many memories. To detach from it emotionally, you must realize that without you in it, the house is just a shell to be filled by other occupants. Look to the future, where you can make new memories in your next home....

The minimum age for employment is 14 years old, although that can vary by city and state laws. Here’s how to prepare your teen for their first job. Before Your Teen Starts the Job-Hunting Process As your teen starts showing an interest in earning income so they can buy their own things, you might want to start some pre-job preparations. Show Them Your Budget Your budget for the family can be a great teaching tool for your teen....

Lowering that monthly payment amount requires a series of effective strategies to decrease your balances or lower their interest rate, which, in turn, lowers your monthly credit card payments. Average Debt in the US The average American household with a credit card balance owes around $6,300, according to the most recent data from the Federal Reserve’s Survey of Consumer Finances. In 2019, about 45% of families in the U.S. still owed a balance after their last credit card payment....

What Is a Leave of Absence? What’s a leave of absence, and how does it impact your employment? A leave of absence is an extended period of time off from your job. Depending on the organization, you may simply be able to ask for time off from work. Or there may be a formal process you need to follow to get approved for a leave of absence. In most cases, a leave of absence is an agreement between an employee and an employer....

A discrepancy could happen for many reasons. The bank may have made a deposit to the wrong account, for example. You may also find that you have withdrawals that have not been authorized, or perhaps the bank has made an error. You should also consider whether you have any outstanding checks, deposits in transit, or any bank fees that you are not aware of, which can also account for the difference....

Retiring with a mortgage can make managing your finances more difficult, but it doesn’t have to be an outsize burden if you know what factors to consider. Should You Retire With a Mortgage? This is a question that Tess Downing, a certified financial planner with Complete View Financial, gets a lot from her clients. “It definitely depends, but I like the flexibility a mortgage provides to retirees,” she told The Balance by email....

Two key features to look for in a new savings account include the interest paid on your money and the fees. If you’re ready to switch banks and move your money to another savings account, it’s important to compare your options to find the right fit for you. How To Switch a Savings Account to a New Bank A savings account is a deposit account that’s designed to safely hold the money you don’t plan to spend right away....

How to Use a Debit Card at an ATM An ATM allows you to withdraw cash, make deposits, view your balance, and more. Except for deposits and withdrawals, you can also accomplish most of those tasks online. Here are some things to remember: Once you get the hang of using ATMs, you can use them for more than just cash withdrawals. You can deposit checks and transfer money between accounts, and some ATMs may even allow you to talk with a customer service representative via video conference....