If you’re like most other investors — especially those managing properties out of state — you might have given some thought to getting a home warranty. These warranties help cover the costs of repairs and replacements in your rental properties, which means you can end up saving on maintenance costs and maximize your net income.

An integral part of many successful real estate investment strategies involves property renovations. The right renovations can greatly affect long-term property values and rent prices. Of course, you don’t have to be an investor to care about getting your money’s worth out of home improvements.

Whether you’re an investor, an entrepreneur, or a person with a pulse navigating the world, you have an inherent level of risk tolerance. It’s the amount of risk that you’re comfortable taking – what you’re willing to lose. 

Some financial gurus will tell you to avoid debt at all costs. And while, as a rule, one should manage debt responsibly – ensuring a high, steady credit score without overleveraging – debt isn’t always a bad thing.

Running your own business is challenging enough without making mistakes. While a misstep here or there is inevitable, there are some errors you’ll want to avoid at all costs – errors that can cost you your business. Worst of all? Most business owners don’t even realize they’re making these blunders!

You can have top-notch fiscal responsibility and business know-how, but if you don’t take the necessary steps to protect your hard-earned money, investments, and assets, you could very well lose them.