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An emergency fund is a cash savings account set aside for large unexpected expenses like: The goal of this account is to not touch the account unless you absolutely have to. Remember, having emergency savings is extremely important, but if you put away too much in your emergency fund, you may be missing out on investment returns. How To Build Your Emergency Fund Building up to six months of expenses can be a lot of money. You should keep your emergency fund in an interest-bearing savings account separate from your checking account.

Ask for the special assessment history, ask for a copy of the by-laws, and even ask other owners about their experiences. HOA fee covers large maintenance expenses including all community amenities, lawn care, snow removal, roof repair, and exterior maintenance. If the association management and board determine there is a lack of funding for association operations or reserve funds, they can assess an amount to owners to pay in addition to the monthly HOA fee. , you don’t want to buy a condominium that keeps fees artificially low in appearance and manages operations through special assessments.

n’t Like Your Career Especially if you are young, if you don’t like your career, find a new one. If you can determine it’s your career causing you to be unhappy, go ahead and find a new job. If you feel unsafe at work, it’s time to find another place to work. If your personal life isn’t fulfilling, it’s time to find a new job.

While we want to fill our vacant rental property fast, we also want to make sure we find good tenants. We used to say, don’t take photos with your cell phone, but these days, the quality of cell phone photos is incredible. Your future tenants aren’t stupid, they know what a fair price is for the area. You don’t need to make this an interrogation, but you want to have the tenant tell you they meet the requirements for your rental unit.