Kyle Collett - NMLS 2166565 & DRE 02123264

06/27/2024

Why Own or Operate an Airbnb? I will touch on pros and cons but first I’ll start with the Pros. First, the obvious pro is making lots of money, especially when you compare Airbnbs, short term rentals (STR), to long term rentals (LTR). For most areas, STRs can make ~2-5 times the net income of an LTR, ie if an LTR makes $200/month net then an STR could make $400-$1000/month net.

Second, is with STRs you typically don’t have to deal with tenants rights because the guests stay less than 30 days. However, if it is longer than 30 days then tenants rights can be enforced, but from my experience, the guests that stay 30-90 days are there for a specific reason such as temporary business, home construction, or travel nurses and don’t cause issues. For problem guests that are there for

02/07/2024

Looking to invest? Here's what you need to know.

Your investing style and tolerance for risk can help determine what type of stock mutual funds you i...

01/31/2024

Low credit shouldn't stop you from getting a second mortgage to pay off debt or make home repairs. What home project would you use the money for?

If you want to get a second mortgage so you can make renovations to your home, it can be difficult i...

01/24/2024

Here's how to protect yourself from being pressured into buying an extended warranty.

You just bought a new dishwasher, TV, tablet, refrigerator or other big-ticket item you’ve been want...

01/17/2024

Ever wondered what to do if flooding is predicted in your area?

While no one ever wants to imagine their home filling with water, for many areas of the country, flo...

01/10/2024

For a relatively low cost, a home warranty can make buying a home a lot less worrisome.

For $600 or so a year, plus a service fee of around $75 every time you ask for repair, a home warran...

01/03/2024

Closing a credit card account can hurt your credit score, but there are other options if you no longer use it.

12/27/2023

Pro: You may not even need wedding insurance!

Rain, the bride falling into a pool, a wedding cake falling over, and deposit money that’s lost beca...

12/20/2023

These tips are sure to brighten your day. What makes you smile?

Feeling down? It happens. However, if the blues seem to follow you everywhere you go, consider these...

12/13/2023

Afraid to sign up for a credit card? An account that offers rewards might be worth it.

Using a credit card to earn rewards is pretty simple. Just use the card to buy things and you’ll get...

12/06/2023

Confused about your HSA? Here are 5 ways to take advantage of your Health Savings Account.

Putting money in a Health Savings Account, or HSA, can help you and your family pay for health expen...

11/29/2023

Banks vary in the fees that they charge. Your best protection against hidden fees is to find out which ones your financial institutions enforce.

Fees can eat away at your money if you don’t keep on top of your banks enforced regulations. U.S. co...