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For example, if the GRM is too high or low compared with recently sold comparable real estate, it could indicate a problem with the property or it may be overpriced. Learn how to calculate it below. How To Calculate the Gross Rent Multiplier (GRM) You can get the GRM for recently sold real estate by dividing the market value of the property by the annual gross income: Market Value / Annual Gross Income = Gross Rent Multiplier For example, if a single-family home property sold for $500,000, and the annual gross rent income on it was $36,000 ($3,000 per month) the GRM would be: $500,000 / $36,000 = 13....

Learn the IRS rules for deducting your mileage on your tax return, including how to choose a mileage method, what records you need, and how to claim the deduction at tax time. What Is the Mileage Rate for 2021? Businesses often use these rates to reimburse employees for using their personal vehicles for job-related travel. If you’re self-employed, you can use them to determine your own deduction. How To Calculate Mileage for Taxes There are two ways to calculate your mileage for your tax return: using the standard mileage rate or calculating your actual costs....

Your broker will know, based on your trading activity. The Financial Industry Regulatory Authority (FINRA) in the U.S. set the “pattern day trader” rule, which states that you’re a pattern day trader if you make four or more day trades in a five-day period in your margin account, and those trades are more than 6% of your total margin trading activity during that time. (Day trading is opening and closing a position within the same day....

LumiNola / Getty Images Below, we’ll look at some of the legal protections impacting small businesses when it comes to debt and how business owners can deal with debt collection. Commercial Debt Is Less Protected The Fair Debt Collection Practices Act (FDCPA) was set up to protect individuals from aggressive debt collectors. Unfortunately, the Act only applies to consumer debt, which leaves businesses more vulnerable to aggressive collections actions....

There are times when you should turn down a job offer, but what you say or write when you decline depends on your reasons for rejecting it. If the job wasn’t a good fit, for example, but you liked the company, state in your email or phone call that you were impressed with the organization but didn’t view the job as a good fit for you. For example, if the target job involved only inside sales, point out that you were interested in a position handling major accounts providing a clear pathway to sales management; the possible upside being that the employer thinks of you for another role currently available or one that might open up in the future....

In addition, account for the timing of your retirement and how it will affect your Social Security benefits. For those born before 1937, the full retirement age is 65. For those born after 1960, the full retirement age is 67. If you retire before full retirement age, your monthly benefits will be permanently less than your full retirement benefit—since you will be receiving them for a longer period. Also, if you continue to work, part of your salary may be deducted from your monthly benefits until you reach full retirement age....

Let’s take a look at how to do a title search, when it makes sense to do so, and what you should do with the results of your title search. When It Makes Sense To Do a Title Search Title insurance protects both you and your lender from any losses if the title of your home is not actually free of claims. Title searches are normally conducted as part of getting the title insurance you need when you’re buying a home....

What’s The Best Way To Evaluate A Job Offer? It’s important to consider more than your paycheck. When reviewing a job offer, consider the entire package, including job content, salary, benefits, hours, flexibility, management and company culture, pension plans, and the work environment. If you’re reviewing multiple offers and trying to decide which one to take, evaluate them both and compare to see which comes out ahead. Be sure that the company meets the criteria for what you would consider an ideal employer, or at least comes close....

It might sound daunting, but it typically takes less than an hour for most people to fill out their FAFSA. Why You Need To Complete the FAFSA Completing a FAFSA is a necessary step for any student who wants to access federal student aid. The information you provide through the FAFSA is used to evaluate your eligibility for need-based federal student aid, such as Pell Grants, work-study, and subsidized student loans....

Nationwide, there are billions of dollars of unclaimed property. The Internal Revenue Service estimated in 2020 that $1.5 billion in tax refunds went unclaimed for the 2016 tax year alone. You may think it’s unlikely that you’re one of the lucky people who have unclaimed property or money waiting for them, but it’s estimated that one in every 10 Americans has unclaimed property. What Is Abandoned or Unclaimed Property? The most common types of unclaimed property or money are from:...

To convince lenders that you’re good for the money, figure out what lenders want and shop with the right lenders to increase the odds that you will get approved for a personal loan without a co-signer. Definition of a Co-Signer A co-signer is a person who acts as the backer of another person’s loan. This means that if the borrower doesn’t pay back the loan as promised, the co-signer must pay the lender what the borrower owed....

But it’s not easy to buy insurance without a driver’s license number. Insurers use the number to check your driving history and assess whether you’re a high-risk driver. They also worry about whether they’ll be stuck paying bills for an accident if you decide to drive unlicensed. Because of this added risk, you might have to look beyond big-name insurance companies. A non-standard insurer may be willing to take you on....

What Career Counselors Do A good career development professional can help you explore career options, can inform you of labor market trends, and can assess your skills, interests, and work-related values. A career development professional can help you sharpen your job search skills, and can help you learn how to move up the corporate ladder. Helping You Get Started A career counselor can help you figure out what career path you’d like to pursue....

That means a four-year degree at a public school will cost you $95,560, while a private university will set you back approximately $129,640. And that’s assuming you graduate in four years and not taking into account tuition increases or inflation. Considering these numbers, it’s no surprise that many incoming freshmen are considering other options. And while finding scholarships, federal aid, and student loans can be useful tools to pay for college, all have their limitations and drawbacks....

How Garnishment Works Most garnishments require that the creditor obtain a court judgment first. That requires your creditor to file a lawsuit against you. If you’re being sued, you’ll be served official papers and receive letters from attorneys and court notices. If your creditor or debt collector gets a judgment against you, the next step is filing paperwork to start the garnishment process. You’ll be notified of this as well. These notices will say something like “Notice of Intent to Levy” or “Notice of Intent to Garnish....

When to Use Bullet Points on a Resume Bullets allow you to highlight your most relevant accomplishments and separate your job duties, skills, and achievements as separate points—but they’re not appropriate for every type of resume. There are three main types of resumes: Chronological resumes, the most common of the three varieties, list your work experiences in reverse chronological order and provide concise summaries of each role. Functional resumes emphasize skills and achievements in a non-linear format, so they are often more verbose than chronological resumes....

During late-1981, interest rates rose to a high of 18.45%, and many first-time homebuyers were priced out of the market. In the mid-1980s, the tax reform act of 1986 had a seriously negative effect on the real estate market. We’ll never forget the fall of the housing market that began at the end of summer in 2005. Based on my experiences, here are my top 10 ways to know if the housing market is improving:...

A will also names an executor who will be in charge of guiding the estate through the probate process. It will most likely name a guardian or guardians to raise a couple’s minor children if they have any and they should die in a common event. The “Reading of the Will” Movies, television, and books sometimes depict scenes involving “the reading of the will,” but this is an outdated, fictional scenario....

By the time an account gets charged off, your credit score has already suffered significant damage. Your credit card issuer may have also lowered your credit limit. If you applied for a credit card in the months leading up to your charge-off, your application might have been denied. Once a charge-off is on your credit report, it will remain there for seven years from the date it was charged off....

As a result, many fixed-income investors hold corporate bonds through either mutual funds or within exchange-traded funds. But what are the drivers of corporate bonds’ performance—and by extension, the value of investors’ portfolios—on a day-to-day basis? Three factors stand out as the most important for bond performance. Prevailing Interest Rates Since corporate bonds are priced on the yield advantage they provide relative to U.S. Treasuries (also called yield spread or yield advantage), movements in government bond yields directly impact the yields of corporate issues....