Move over, coastal grandma, and say hello to eclectic grandpa, the latest nostalgia-fueled style taking the design and fashion world by storm. According to a Pinterest trend report, “grandpacore,” so to speak, is majorly in vogue, which makes total sense, given that vintage finds, academia-inspired accessories, and menswear fashions have experienced a major resurgence for the past several years. Bring on the cardigans, retro patterns, and leather accessories! This trend isn’t just for your wardrobe, however. In fact, we’d argue it’s even more fun to work into your home. Read on to learn all about this 2024 trend and how to pull it off in your space.
What Is the Eclectic Grandpa Trend?
Is it weird that the first person I pictured when I heard the phrase “eclectic grandpa” is the Grandfather character from The Parent Trap? I mean, he’s just the epitome of this aesthetic. Always smartly dressed in some sort of thick knit blazer, he spends his days reading the newspaper in a wood-paneled study filled with books (with a crystal decanter nearby, because obviously). His character is just the right amount of quirky without being overly so.
To translate that same vibe into your home, it’s all about warm wood tones, vintage finds, classic patterns, and accessories that tell a story. Basically, you can think of the eclectic grandpa style as being coastal grandmother’s funkier, more masculine cousin.
How to Get the Grandpacore Look in Your Home
If you’re eager to embrace this look in your home, here are some of our favorite ways to lean into the eclectic grandpa aesthetic.
Drape a plaid blanket over the sofa
If there’s one pattern that just screams eclectic grandpa, it’s plaid. For an easy, inexpensive way to introduce this pattern into your home, pick up a plaid throw blanket to drape over your sofa or at the end of your bed. Even better if you order one with your monogram, given that there’s nothing more grandpa-like than monogrammed linens.
3 colors available
Mark and Graham
10+ colors available
Work dark wood tones into your home
Dark, rich wood tones are an eclectic grandpa must. To lean into this look without buying all new furniture, start with a classic wooden tray with a bit of funky flair. Use it to organize your work-from-home station or place it on your dresser to house perfumes and everyday hair and makeup products.
Kate and Laurel
Jazz up your sofa with sweater-inspired pillows
Every eclectic grandpa has a soft spot for a good sweater. When shopping for throw pillows, look for cozy sweater-like materials like wool, woven knits, or embroidered designs. For an even funkier touch, the Etsy find below featuring the Ralph Lauren Polo bear is about as eclectic grandpa as it gets—it will surely be a conversation starter and will cozy up your space in an instant.
Pottery Barn
3 colors available
Etsy | BergenStreet
Style a leather valet tray
Vintage leather and eclectic grandpa style simply go hand in hand, and a leather valet tray is the perfect way to try out the trend. Take to the flea market (or just Etsy!) in search of a piece that you’ll be excited to style on your desk or an entryway table. These are great for corraling small items like your keys, jewelry, lip balm, and more.
Pottery Barn
2 colors available
Etsy | KarlVonArtistry
10+ colors available
Decorate with vintage ashtrays
If you’re anything like me, you aren’t a smoker but absolutely love keeping ashtrays on hand throughout your home regardless. We all know that any eclectic grandpa loves a good ashtray, too, so it’s time to build out your collection while embracing this style trend. I personally use ashtrays as bases for candles (they make your average vessel look extra luxe) and place them on my nightstand to corral jewelry or on my coffee table to hold matchbooks and other small trinkets. Etsy is a great place to browse for vintage ashtrays of all kinds. These look like they could’ve actually belonged to your grandfather at one point (in the best way possible, of course).
Etsy | RehomeVintageGoods
Etsy | AandJVintageShop
Display a large trunk
The grandpacore life involves lots of slow mornings spent at home with plenty of reading material. If you want to go beyond a classic magazine rack, stash your magazine collection inside a vintage-looking trunk or one made from woven materials (these are also great solutions for shoe storage, extra linens, small purses, you name it). Pretend it’s a piece that’s lived inside of your apartment for decades on end—it beats any modern acrylic bin.
Ready to simplify your year by cutting back on some of the excess stuff? Here’s where to minimize first.
Is decluttering on your list of resolutions for 2024? (Ours too!) If you don’t know where to start, we’ve got great ideas for you.
1. The pantry
You probably have so many seasonings and food items that you haven’t used in ages. Start with cleaning out your pantry and getting rid of anything you no longer use or eat.
If you have old food or beverages that you have no use for anymore, simply throw them out. Check expiration dates, because it’s likely that you also have expired items that you never even used.
2. Bathroom drawers
Listen, we all know how cluttered and unorganized bathroom drawers get throughout the year. Before the new year, deep clean your drawers and throw out any personal items you don’t need anymore.
Items such as makeup, old toiletries and accessories often get thrown into bathroom drawers without notice. Sooner or later, you realize that your bathroom drawer has become your junk drawer.
3. Kitchen drawers
Similar to bathroom drawers, kitchen drawers can also often become “junk drawers” by accident. Go through your kitchen utensils and cooking appliances to see if there’s anything you don’t use anymore.
More times than not, kitchen items just end up collecting dust. Make sure you actually utilize the utensils you choose to keep.
4. Closets
This is a tough one. Going through your closets might take some time, but it’ll be worth it in the end. Consider giving away clothes that you no longer wear. You can donate the items to different charities.
It’s also a great idea to go through your closet floors and get rid of any items you forgot were even there to begin with. If you haven’t even looked at something in over a year, it’s a telling sign that it’s probably not something you need.
5. Magazines and books
Some people keep a lot of magazines or books in their apartment which is fine, but it’s good to purge this pile every year and start fresh. Old magazines and books serve little to no purpose in that bin next to your couch. Go through all of them and see what you actually want to keep, then decide what to get rid of.
6. Toiletries
This especially applies to people who travel a lot. If you travel often and have a toiletry bag that you re-use for trips, it’s important to clean this out each year. In general, toiletries are worth going through because it’s likely that you have a lot of old items you don’t need anymore. Toiletries need to be replaced often, so take some time to decide what you need to replenish.
7. Storage Areas
Similar to closets, this is another area that might take some time to purge. Whether it’s your storage closet, a garage or another space you keep storage items in, there’s always a lot of junk you can clean out each year. The idea is to only keep items you actually need, not things that just take up space in a storage closet.
All of your items should serve a purpose. This is why we recommend purging your entire apartment for the new year, so you don’t hold onto extra things you don’t use or need anymore. Decluttering will help you start the year fresh and in turn, you’ll feel a lot more organized going forward.
Linzi Martin has been a freelance writer for over five years. A Florida native, Linzi resides in Delray Beach, where she works as a content marketer and writer for small-to-medium sized businesses around the globe. Her work has been featured by the Porcaro Law Group, VoyageMIA and The Connect Magazine, just to name a few.
Looking for under the table jobs? When you’re looking for ways to earn extra cash, under the table jobs can be a route to take. These jobs typically pay with cash only. These can be part-time jobs, side hustles, or even a full-time career. Now, with under the table jobs, the person paying you is…
Looking for under the table jobs?
When you’re looking for ways to earn extra cash, under the table jobs can be a route to take. These jobs typically pay with cash only.
These can be part-time jobs, side hustles, or even a full-time career.
Now, with under the table jobs, the person paying you is not paying taxes. But, you still should pay taxes, as it is the law in the U.S.
Key Takeaways
Under the table jobs are a flexible way to earn cash without formal employment.
You can tap into many different job fields, from childcare to handyman services, to make extra money.
If a person pays you in cash, it’s still important to report that income to the IRS. If you don’t, it could be tax evasion, which is illegal.
Best Under the Table Jobs
If you’re looking for ways to earn cash, there are plenty of jobs that you can do under the table.
Some popular options include:
As a handyman, you can fix things around a house, like replacing a bathroom mirror or broken doors. If you’re good with tools and fixing things, this can be a great way to make some money.
If you like sharing what you know, tutoring might be a good side gig for you. You can help kids with their schoolwork or even teach music if you play an instrument.
Babysitting is a classic way to earn cash. You watch kids while their parents are away and might even help them with homework.
Love being outside? Try landscaping or mowing lawns. You can make yards look nice and make good money.
For those who love animals, dog walking or pet sitting are fun ways to make money. Spend time with pets, take them for walks, and make sure they’re fed.
Continue reading below to see the full list and learn more about under the table jobs.
1. Reseller
Resellers buy items and sell them for a higher price to make a profit.
You can find things at low prices from garage sales, thrift stores, or online clearance deals. Then, you sell them in places like eBay, Facebook Marketplace, Craigslist, or even to friends and family.
You can sell things like clothes, electronics, toys, and books that people want. It’s usually a good idea to choose items you know a lot about because it makes it easier for you to know a good deal when you see one.
I personally have many friends who are resellers, and I was a reseller in the past as well (before I started blogging full-time!). It can be a great way to make cash income.
Whether you’re looking to make just a little extra cash or if you want a full-time job, this is a good option to look into.
I recommend watching the free webinar Turn Your Passion For Visiting Thrift Stores, Yard Sales & Flea Markets Into A Profitable Reselling Business In As Little As 14 Days to learn how to make money by flipping items.
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This free workshop will teach you how to get into the flipping business. It will teach you how to resell furniture, electronics, appliances, and anything else you can find.
2. Childcare
A popular cash job is babysitting. Most moms and dads need good babysitters, and they’re happy to pay a fair amount for someone to watch their kids while they go out for the evening.
Babysitters make a good income these days – typically around $20 per hour.
If you think it might be tough to earn money this way, don’t worry – it’s possible. Just posting a simple message on your Facebook page could connect you with someone who needs a babysitter.
Note: I recommend making sure you check with your city or state before you begin. Also, make sure that your home is safe (if you watch children in your own home) and that you are CPR certified.
Recommended reading: 29 Best Stay At Home Jobs
3. Home and yard maintenance
When you’re looking for a way to make some extra money, you can do home and yard maintenance jobs. These are tasks people don’t have time to do themselves (or they simply don’t like to do!).
For example, if you like being outdoors, landscaping work might be perfect for you. Jobs in this area include lawn mowing, trimming hedges, and planting flowers.
If you prefer working indoors, you might focus on home maintenance tasks instead. Tasks like house cleaning or helping to organize a garage are commonly needed.
These jobs usually pay in cash at the end of the day or after the job is done. Usually, the homeowner pays you in cash before you go home.
4. Pet groomer
Pet groomers clean pets so that they look nice and healthy (and everyone needs a regular bath!). If you like pets, then you may enjoy being a pet groomer.
Pet groomers can sometimes get paid in cash, especially when you run your own business. I have seen many pet grooming businesses that operate out of a trailer that the person pulls behind their vehicle. They go straight to the person’s home, wash their dog in their mobile dog cleaning trailer, and then collect the cash payment once they are done.
Your work will include brushing and cutting fur, trimming nails, giving baths, and maybe even brushing the pet’s teeth. You make sure pets are clean, comfortable, and looking good. Sometimes, pet owners might also ask you to style their pets’ fur in a special way as well (such as by pinning back fur out of the dog’s eyes).
5. Pet sitter
Working as a pet sitter can be a simple and enjoyable way to earn extra cash.
As a pet sitter, your job is to keep an eye on someone’s pet while they are away. This can include feeding, walking, and playing with the pet to make sure it’s happy and healthy. You may need to stay overnight at the pet owner’s home or the pet may stay with you (it simply depends on what you and the pet owner agree on).
You can find pet sitting jobs on Rover. I have personally used this site countless times to find a pet sitter for my dogs.
Another under the table job similar to this is becoming a house sitter. House sitters watch homes while the owner is away and this can be a great side hustle. I talk more about this in a section further below.
6. House cleaning
When you’re looking for work that’s paid directly in cash, without formal paperwork, you might want to start with house cleaning.
So, what does a house cleaner include? Well, you’ll do things like dusting, vacuuming floors, and cleaning bathrooms. Sometimes, you’ll wash dishes or do laundry. If the house has pets, you might need to clean up after them too. Some house cleaners may even specialize in areas like extensive deep cleans that may take a whole day or even many days (or weeks!).
House cleaners earn between $25 to $50+ an hour for cleaning for others.
To get paid in cash means that you’ll typically work for yourself and get paid once you are done with cleaning for the day or after a week or two.
Getting this kind of business going isn’t costly because you probably already have the cleaning supplies you need (like a mop and vacuum). You can let people know about your services on Facebook, tell your friends and family, or create an account on Care’s website.
7. Dog walker
Dog walkers are exactly that – they walk dogs to make money.
You can find these jobs posted on platforms like Rover or just by posting something on your personal Facebook page advertising your dog walking service.
As a dog walker, your job is to take dogs for their daily walks while their owners are busy. This may be a walk that is around 30 minutes to one hour each time, but it all depends on what you have agreed on with the owner.
Walking pets can earn you about $15 to $25 or even more for each walk per animal.
8. Snow removal
If you’re good with a snow shovel or snowblower, snow removal might be a great job for you. This work can pay cash, making it a common under the table job.
When it snows, many people need help clearing their driveways and sidewalks. Some jobs are for one-time events, while others might need you all winter right after it snows to keep their driveways and sidewalks safe for people to walk or drive on.
You can find snow removal jobs by asking your neighbors or local businesses. Sometimes people put up signs along the roads in neighborhoods or ads online looking for help when there’s a big snowstorm.
People usually pay right after you’re done with the work.
9. Makeup artist
If you enjoy using makeup and know all the latest beauty trends, being a makeup artist can be a fun way to earn money.
It’s a job where you can be creative and help people look their best for events like weddings or photo shoots.
As a makeup artist, you’ll work with different tools like brushes, sponges, and a palette of colors. Your job will be to apply makeup on clients’ faces. You could work with all sorts of people, from friends and family to clients in your area.
10. House sitting
When you house sit, you’re taking care of someone else’s home while they’re away. This could be at a house near where you already live or maybe you fly to a fun vacation destination and watch their house there.
It’s your job to make sure everything stays safe and clean and that nothing happens to the home (such as a frozen water pipe bursts).
You might need to pick up the mail, water plants, or feed pets. Sometimes, people will ask you to stay overnight to make sure the house does not stay empty.
11. Sell at farmers markets
If you’re looking to make some cash, you can start selling at a local farmers market.
Some things that you can sell include fresh produce, homemade goodies, jewelry, unique crafts, or even baking cakes are great items. You’ll want to make sure your product and booth stand out, as there will be a lot of booths around you.
Shoppers at farmers markets typically pay in cash, so you can get paid quickly!
Note: To sell at a farmers market, you might need to get a permit. You can start by checking with your county health department and the United States Department of Agriculture (USDA) for rules. Every place has different laws, so it’s important to understand what applies to your situation.
12. Have a garage sale
Having a garage sale is a way to earn some extra cash, and you don’t need special skills to get started. Look around your home for things you no longer use or need, and these could be clothes, toys, books, or even bigger pieces like furniture.
Items sold at garage sales typically don’t sell for a ton of money, but it can be a great way to declutter while getting paid cash.
Weekends, especially Saturday mornings, are prime times for yard sales. Make sure to check your local weather forecast as a sunny day can lead to more foot traffic. Once you have your date, gather all the items you plan to sell.
Then, you’ll want to organize your items by category. For example, put all the kitchen items on one table and all the books on another. Price everything clearly – you might use colored stickers for pricing – to avoid confusion.
You can advertise your garage sale a few days before. You can do this by posting on social media (such as by sharing it in local Facebook groups), community bulletin boards, or local classified websites. Signs around your neighborhood can also help draw attention to your sale.
During the sale, you’ll want to have change ready for customers who pay with cash, and you’ll probably want to have a calculator handy if you’re not comfortable doing math in your head.
13. Tutoring
If you’re knowledgeable in a subject, tutoring can be a good job for you. This is a job where you help others, like kids or even adults, to understand things better.
As a tutor, you work one-on-one or with small groups to teach things like math, reading, specialty exams, or even foreign languages.
Harder subjects usually pay more than easier subjects, and you may be able to earn $25 or more per hour as a tutor. You may get paid after each tutoring session. Or, if you are a regular tutor for a person, it may be weekly or even monthly – it depends on the agreement that you have with the person you are tutoring.
14. Painter
As a painter, your job is to paint walls, buildings, and other surfaces.
Your job responsibilities may include preparing surfaces by cleaning and scraping, mixing paint to get the right color, and applying paint with brushes, rollers, or sprayers.
Back when we were selling our first house, we hired a solo painter to come in and paint all the walls. This is a job that you may be able to find as well.
15. Handyman
If you’re good with tools and fixing things around the house, you might think about working as a handyman.
This job involves fixing leaky faucets, patching holes in walls, or putting together furniture. People tend to need help with these small jobs and look for someone who can do them without too much fuss.
You can find handyman jobs on websites like Craigslist or by asking friends and family if they know anyone who needs help.
With the same house I mentioned in the previous section, we also hired a handyman to renovate our bathroom as well as do around 10 other smaller things around our house too. We actually found him through a family friend, and he did so much work for us. It was great!
16. Dance instructor
Being a dance instructor can be a fulfilling under the table job in some cases. You could work with students of all ages, teaching them how to dance or different dance styles.
Of course, you will want to make sure that you are a skilled dancer, as this is not a job that anyone can do.
So, do you have experience in styles like ballet, hip-hop, or salsa? Or something else?
You can start by giving classes in your community or looking for local studios in need of instructors.
17. Auto mechanic
Working as an auto mechanic could be a great under the table job for you, and there are always people who need work done on their cars.
You’ll typically charge less than if a person would be going to a car dealership or a car mechanic business. People would usually be looking to hire a cash-pay mechanic if they were wanting to save some money.
As a mechanic, you make sure cars are running smoothly. Your job might include changing oil, replacing brakes, and making sure the engine is in top shape. Of course, you need to know what you are doing, as people are trusting their expensive cars and their lives with the repairs and updates that you do.
Working like this usually means you have to find your own customers. Good places to start are local ads or online platforms like Craigslist (start by looking under the “gig” section).
18. Photographer
Becoming a photographer can be a fun way for you to earn money if you are good with photography.
As a photographer, you can decide to work as an independent contractor, which means you are your own boss. This might involve getting paid in cash or a check for your services.
The different types of photography you can get into include:
Portrait photography – You might take photos of people and families, capturing special moments. Families like to have memories of their loved ones, and they’re willing to pay you for this service.
Event photography – This includes taking photographs at events like weddings or birthday parties. People like to remember these big events and may hire you to make sure they have great photos to look back on.
Commercial photography – This is for businesses that need photos of their products, services, real estate, and more.
Recommended reading: 18 Ways You Can Get Paid To Take Pictures
19. Sell firewood
Selling firewood can be a way to make money, especially if you live in an area where wood is used for heating or camping. Homeowners in colder places are always buying wood for their wood burning fireplaces and stoves, so this can be a good way to make some extra money by selling truckloads of wood.
First, you need to get firewood. If you have trees on your land, you might be able to cut your own wood.
After you have wood to sell, think about how you will sell it. You can sell wood online on websites where people buy and sell things in your community. You can also have a place at your house where people come to buy wood from you.
If you don’t have trees of your own, look for jobs where you can gather wood. Some people will even pay you to take away old trees or wood piles they don’t want.
Note: I recommend that you always keep in mind to follow the rules about selling wood where you live. Some places have rules about moving firewood to stop bugs and diseases from spreading to other trees.
20. Junk hauler
Being a junk hauler might be a great fit for you if you don’t mind a bit of heavy lifting. People tend to hire junk haulers when they have big, heavy things that they want to get rid of after all.
As a junk hauler, you get to help people clear out unwanted items from their homes or businesses. These items could be anything from old furniture to broken appliances.
Your job will mostly involve picking up and removing junk. You’ll need to have a reliable vehicle, maybe a truck or a van, that can carry all the items. Sometimes, you’ll be recycling things or taking them to a landfill.
You can find junk hauling gigs on websites or by signing up with companies that look for contractors. These could be one-time jobs or regular work, perfect if you’re looking for a side hustle or even to grow your own junk removal business.
You’ll generally get paid after you complete a job and since it’s often under the table, payment is usually in cash. This means you get paid directly, with no checks or direct deposits.
We personally had to call a junk hauler when we had several pieces of rotten wood that we needed thrown away – it was several hundred pounds and extremely messy – not something that we wanted to mess with and we also wanted it gone right away. That same day, a junk hauler came by and took it for $125. We paid him cash and he took it to the dump for us. It was so convenient for us and good business for him.
21. Rent out a spare room
If you have an empty room at your place, you might want to think about renting it out. This can be a good way to make some money on the side without a lot of work.
I have had several roommates over the years. We would rent out our spare room to long-term renters and people that we personally knew (such as friends and my sister).
To find a roommate and make money from renting your place, you can tell people about it in different ways. You can share it on your own Facebook page, post an ad on websites like Craigslist, make a rental listing on Airbnb, and try other methods.
Frequently Asked Questions
When you’re looking into jobs that pay cash, also known as under the table jobs, you might have a lot of questions.
What are under the table jobs?
Under the table jobs are ways you can earn money that’s usually paid in cash and not recorded officially by an employer. This means no tax forms are involved and no taxes are taken out of your pay right away (but you should still pay them!).
Is under the table work legal?
Okay, this is a great question to ask. After all, this is a whole article on how to find under the table jobs. So, does that mean these types of jobs are legal?
Well, working under the table can be tricky when it comes to the law. Your employer might pay you in cash without giving you a contract. While it might seem straightforward, not reporting this cash income to the IRS is considered tax evasion. Earning cash itself isn’t illegal, but failing to report it on your taxes can lead to problems.
What are the positives of working for cash?
When you get paid under the table, you get to keep all the money you earn immediately. This kind of setup is nice for jobs like babysitting or doing yard work, and you don’t have to wait for a paycheck. But, remember, you still have to pay taxes! So, the main positive is that you are paid cash right away, instead of having to wait a couple of weeks.
What are possible risks of working under the table? Is it OK to get paid under the table? Can an employee get in trouble for working under the table?
Working under the table can be risky. If the IRS finds out you’re not reporting your income, both you and your employer could face penalties. Also, you won’t have official records of your income, which can make it tricky if you need to show how much you earn for things like loans or renting a place to live.
What jobs can be paid under the table?
You can find jobs like babysitting, pet sitting, house cleaning, or gardening that pay under the table. These jobs usually pay cash because they are informal and may not involve paperwork. There are many other jobs that I didn’t even get into in the list above, such as becoming a personal assistant (doing things like grocery shopping and setting up appointments), personal trainer, graphic designer (making logos and more), and so on.
How do I find under the table jobs? How can you find local jobs that pay in cash?
To find these jobs, you can start by asking friends or neighbors if they need help with anything. You can also look at community bulletin boards or online classifieds for local job opportunities.
How do I ask for payment under the table?
If you’re looking for cash payment for a job, be honest and up front with your employer. Tell them you prefer cash payment, but realize that it’s usually smaller gigs that will pay cash and not more regular job opportunities. Keep in mind, though, that all income should still be reported for tax purposes.
How can you find jobs that pay under the table on Craigslist?
On Craigslist, you can filter your job search by using keywords like “cash pay” or “under the table.”
Under the Table Jobs – Summary
I hope you enjoyed this article on how to find the best under the table jobs.
Getting paid cash right after you complete a job is nice – you don’t have to worry about waiting for a payment and you can pay your bills right away.
There are many ways to find under the table jobs, such as by asking people that you know or by looking at gig/job websites in your area.
Now, there are pros and cons to being paid under the table. Being paid under the table means you get cash quickly. However, there are risks like missing out on legal protections and benefits, and if not reported, it might lead to tax evasion consequences.
So, when working under the table, it’s important to keep track of how much money you make. After all, you’re responsible for your own records and taxes, even if you’re paid in cash.
So, you do still need to pay taxes on the income that you make.
When you work under the table, you’re often working part-time or full-time but without the usual job benefits. If you’re planning ahead, think about how these jobs might affect your career later on. Eventually, it may be a good idea to find a job with more regular benefits where you pay taxes straight out of your income.
What do you think are the best under the table jobs?
The portrait lights are battery-operated and wireless so you don’t have to worry about hiring an electrician or doing any installation your self. Each unit runs off of three AAAs (get a 36-pack here before you forget!) and an included remote lets you set the light to different brightnesses and schedule a timer for 15, 30, 60, or 120 minutes.
PS: If you’re going for an antique look but don’t have the budget to buy vintage, I saw a TikToker DIY these with some gold Rub ‘n Buff metallic finish and an old makeup brush and it looked truly incredible!
Promising review: “For the price you can’t beat it. Super easy to install and lightweight. The gold had a slight orange tint to it, so be mindful of that. I actually just taped over the light and spray painted ours with gold spray paint I had left over and then they were absolutely perfect.” —Paris Seder
The largest credit union in the US has the widest disparity in mortgage approval rates between White and Black borrowers of any major lender, a trend that reached new heights last year, a CNN analysis found.
Navy Federal Credit Union, which lends to military servicemembers and veterans, approved more than 75% of the White borrowers who applied for a new conventional home purchase mortgage in 2022, according to the most recent data available from the Consumer Financial Protection Bureau. But less than 50% of Black borrowers who applied for the same type of loan were approved.
While many banks also approved White applicants at higher rates than Black borrowers, the nearly 29-percentage-point gap in Navy Federal’s approval rates was the widest of any of the 50 lenders that originated the most mortgage loans last year.
The disparity remains even among White and Black applicants who had similar incomes and debt-to-income ratios. Notably, Navy Federal approved a slightly higher percentage of applications from White borrowers making less than $62,000 a year than it did of Black borrowers making $140,000 or more.
A deeper statistical analysis performed by CNN found that Black applicants to Navy Federal were more than twice as likely to be denied as White applicants even when more than a dozen different variables – including income, debt-to-income ratio, property value, downpayment percentage, and neighborhood characteristics – were the same.
The Virginia-based Navy Federal, which was originally founded in 1933 to serve Navy employees, is now open to all members of the armed forces, Department of Defense personnel, veterans, and their relatives. It has about 13 million members and more than $165 billion in assets.
Bob Otondi, a Black business owner in Texas who was denied a mortgage by Navy Federal in 2021 – and then approved by another lender in about two weeks – said the rejection “didn’t make any sense at all.”
“I thought it could have been racial discrimination,” he told CNN, “but I could never prove it.”
In total, the credit union rejected about 3,700 Black applicants for home purchase mortgages last year, potentially blocking them from homeownership just as interest rates spiked. And Navy Federal also approved Latino borrowers at significantly lower rates than White borrowers.
In a statement, Navy Federal spokesperson Bill Pearson defended the credit union’s lending practices.
“Navy Federal Credit Union is committed to equal and equitable lending practices and strict adherence to all fair lending laws,” Pearson said. “Employee training, fair lending statistical testing, third-party evaluations, and compliance reviews are embedded in our lending practices to ensure fairness across the board.”
Pearson said that CNN’s analysis “does not accurately reflect our practices” because it did not account for “major criteria required by any financial institution to approve a mortgage loan.” Those factors included “credit score, available cash deposits and relationship history with lender,” he said.
But that information is not available in the public mortgage data. Navy Federal declined to release additional data about its loans to CNN that included borrowers’ credit scores or other variables. In addition, most of the Navy Federal applications that were denied are listed as being rejected for reasons other than “credit history.”
By some measures, Navy Federal has been successful at lending to minority borrowers: A fourth of its conventional mortgage applicants are Black, and about 18% of the conventional loans it originated went to Black borrowers – a larger portion than almost any other large lender.
But because of the large racial disparity in Navy Federal’s approval rates, even though more Black borrowers are applying for conventional mortgage loans from the credit union, most of them are getting denied.
Experts in mortgage lending and advocates for fair housing said that the racial gaps in Navy Federal’s approval rates were surprisingly large and raised questions about the institution’s lending practices. Lisa Rice, the president and CEO of the National Fair Housing Alliance, an advocacy group, said the racial gaps in Navy Federal’s lending identified by CNN were “some of the largest I’ve seen.”
“That is a quite stark disparity,” Rice said. “It’s unusual for us to see instances where the lender denies more loans than it approves.”
Experts said that Navy Federal’s racial disparities appeared to be an especially extreme example of a larger national problem. The credit union’s gap between White and Black approval rates has jumped significantly in recent years – and among all lenders, the racial approval rate gap has also grown.
More broadly, the gap in homeownership rates between White and Black Americans is larger today than it was before the Civil Rights era – and it’s a key driver of wealth disparities between White and Black families.
Navy Federal member says rejection left him feeling shocked and hurt
When Bob Otondi went house hunting in the summer of 2021, he immediately knew when he found his “dream house.” The three-bedroom home in a lakeside neighborhood of a Dallas suburb had an open kitchen, an expansive backyard with a pool, and – most importantly – it was in a great school district where Otondi’s son had long aspired to attend high school.
Otondi was thrilled when his bid for the home was approved, and expected that his mortgage application with Navy Federal would be smooth sailing. The relative of Navy servicemembers, Otondi had been a Navy Federal customer for years. The credit union had pre-approved him, he said he’d successfully paid off several previous Navy Federal vehicle loans, and he had budgeted a downpayment of more than 20% of the home’s value.
But then, just weeks before he was scheduled to close on the purchase, Otondi got bad news: Navy Federal was denying his application. The credit union told him in a form letter that it had concluded his income was not high enough to account for his debts.
Otondi said the last-minute denial didn’t make sense. According to documents he provided to CNN, he was making more than $100,000 a year from his logistics business and had a credit score above 700. He said he didn’t have significant debts.
In the heat of the pandemic-era housing market, Otondi feared he would lose the home. “I was stunned, I was shocked, I was hurt,” he said. He had been driving by the house with his son and daughter every week, and the kids had already planned out decorations for their rooms. “To go back home and tell them, ‘guys, we lost the house?’ I mean, devastating,” Otondi said.
But Otondi’s realtor, Angela Crescini, connected him with another mortgage lender who approved him for a loan in about two weeks – and the purchase went through.
“There was no real reason he shouldn’t have gotten the loan” from Navy Federal, Crescini said. “How can one lender get a loan done within 15 days and this other one couldn’t at all? It didn’t ring right to me.”
Pearson, the Navy Federal spokesperson, declined to comment on Otondi’s denial, saying that “our members’ personal and account information are private and confidential.”
As he sat in the airy living room of the three-bedroom home last month, Otondi said he was still frustrated by the mortgage denial. He said he submitted complaints to the Consumer Financial Protection Bureau – the federal agency that oversees consumer lending – as well as a Texas state agency, both of which went nowhere.
Hearing about the larger racial disparities in Navy Federal’s mortgage approvals made him think the credit union was “inhibiting veterans and their families from just uplifting themselves,” Otondi said.
CNN’s analysis doesn’t prove that Navy Federal discriminated against any borrowers. But it does show significant disparities in the credit union’s approval rates for borrowers of different races – and that it has larger racial gaps than many other large financial institutions.
The analysis was based on data collected under the Home Mortgage Disclosure Act, which requires most financial institutions to report anonymized information on mortgage applications to the government, including applicants’ race. CNN’s analysis focused specifically on conventional home purchase mortgages for homes intended to be used for a primary residence, and not intended to be used for a business or commercial purpose. CNN only analyzed loan applications that were ultimately approved or denied by lenders, not those that were withdrawn by borrowers before a decision was made.
In 2022, according to the data, Navy Federal approved 77.1% of White applicants, 55.8% of Latino applicants, and 48.5% of Black applicants. The 28.6-percentage-point gap between Black and White applicants was by far the largest gap among the 50 financial institutions that originated the most conventional home purchase loans last year, which includes Navy Federal.
In comparison, Wells Fargo had a roughly 19.5-percentage-point gap between its Black and White approval rates, US Bank had a 10-point gap, and Bank of America had a 3.5-point gap. The second-largest credit union in the country, State Employees’ Credit Union, had a 5.4-point gap.
Navy Federal’s racial disparities remain even when comparing only applicants with the same incomes or debt-to-income ratios. The credit union approved 59.3% of applications from Black applicants making $140,000 or more – those in the top quarter of applicants by income – and 59.8% of White applicants making less than $62,000 – those in the bottom quarter.
CNN’s analysis found that Navy Federal had statistically significant racial disparities in its mortgage approval rates while holding constant more than a dozen different variables including the applicant’s income and debt-to-income ratio, the loan amount, the property value, and the neighborhood’s socioeconomic makeup. Even among applicants who were identical among all those variables, the analysis found, Black applicants were more than twice as likely to be denied as White applicants, and Latino applicants were roughly 85% more likely to be denied than White applicants.
The analysis did not take applicants’ credit scores into account because the public data released under the Home Mortgage Disclosure Act does not include credit scores due to privacy concerns. That means that at least part of the racial disparity could possibly be explained by differences in credit scores between White and minority borrowers. Black borrowers in particular tend to have lower credit scores, in part due to the impact of historical discrimination and a continuing lack of access to traditional financial institutions in Black neighborhoods, according to researchers.
The data does, however, include information on the reasons that applicants were denied. Of the Navy Federal applications from Black applicants that were rejected, less than a fourth were listed as being denied because of “credit history.”
Notably, the racial disparities in Navy Federal’s approval rates have increased over time. In 2018, the difference between the White and Black approval rates was only 11.5 percentage points – far smaller than the 28.6-percentage-point gap in 2022.
José Loya, a UCLA professor who has studied racial gaps in mortgage approvals and reviewed CNN’s analysis, called the disparities in Navy Federal’s lending “alarming.”
“It does surprise me that they’re doing significantly worse than other big lenders,” because of Navy Federal’s status as a credit union, he said.
What may be widening the gap
The decision to approve or deny a mortgage application is largely made by automated underwriting systems, and advocates have been pushing lenders like Navy Federal to improve those systems to reduce racial disparities.
In recent years, some banks have changed their underwriting systems to take into account additional data that can reduce those racial disparities – such as including an applicant’s history of paying rent in a calculation of their creditworthiness. Pearson, the Navy Federal spokesperson, said rental history was “incorporated” into the credit union’s underwriting process, but did not provide additional details.
Some experts pointed out that Navy Federal’s member base of servicemembers, veterans, and their families may have a different financial picture than the general public that large banks serve, which could explain some of the racial disparities.
In addition, unlike large banks, Navy Federal isn’t subject to the Community Reinvestment Act, which encourages lenders to make loans in low and middle-income neighborhoods. While federal regulators review banks’ lending under the act, they don’t do so for credit unions and other non-bank lenders.
Some advocates and banking groups have been calling for years for revisions to the law to require credit unions to follow the same rules. “Our legislators have given a huge pass to credit unions, on the assumption that they’re serving and meeting the needs of their members,” said Rice, the fair housing advocate.
In other cases, racial disparities in mortgage lending have been linked to loan officers helping White borrowers more than Black ones, said Sara Pratt, a lawyer at the law firm Relman Colfax who previously led the U.S. Department of Housing and Urban Development’s civil rights enforcement efforts.
“A particular loan officer might make exceptions or just work harder for some peoples’ loans,” such as telling applicants to pay down credit cards or increase their downpayment if they’re on the edge of getting approved, Pratt said. “Loan officers might give this advice to a White borrower, and with a Black borrower, they’re less likely to do that.”
She noted that she had no evidence that Navy Federal employees were doing that but said the disparities in Navy Federal’s approval rates should “require a lender to offer justifications for how the disparity occurred.”
According to federal law, lenders don’t have to be intentionally engaging in racism to break fair lending rules. A “disparate impact” on minorities can also lead to discrimination claims.
“It’s bad business to discriminate because if people are genuinely qualified – as in many cases they are – then lenders are missing the opportunity to make loans,” said Pratt. “Lenders who look more carefully at these issues can see they’re losing business that somebody else is getting.”
Pearson said that the credit union was proud of the large portion of its loans that went to Black borrowers, and that more than half of its branches in the US are located in “minority communities.”
“As a not for profit, member centric, membership organization, we are focused on expanding awareness and access to home ownership across the country,” he said. “Navy Federal is a trusted financial partner for all its members and advises each member based on their unique financial needs.”
‘I thought we were going to lose the house’
CNN’s analysis found that Navy Federal had larger racial disparities in its approval rates for conventional mortgages than for VA home loans, which each account for about half of the loans it originated last year. VA loans, which are backed by the federal government, are designed to allow veterans to get mortgages that they might not qualify for in the conventional market.
But racial disparities still existed among Navy Federal’s VA loan business. Last year, Navy Federal approved 84.2% of its white home purchase VA loan applicants, compared with 73.8% of Latino applicants and 71.6% of Black applicants. Its Black-White approval rate gap was larger than all but one of the 50 lenders that originated the most VA home purchase loans. Like in Navy Federal’s conventional business, the racial differences were statistically significant even when accounting for factors like income, property value, debt-to-income ratio, and downpayment percentage.
Ted Spencer, 42, applied for a Navy Federal mortgage in 2019 as he purchased a home in Raleigh, North Carolina. Spencer, who is Black, had been banking with Navy Federal since he joined the Navy two decades earlier and had good experiences with the credit union, so it was an obvious choice for a loan. He was preapproved for a VA loan with no downpayment.
On his first weekend house hunting, Spencer toured a four-bedroom home in North Raleigh with a woodsy yard big enough for his dog and space for the kids he and his girlfriend would later adopt. “We walked through the house, and we were both like, yeah, this was the one,” he said. Their offer was accepted right away.
After Spencer submitted his paperwork to Navy Federal, he ended up waiting weeks. He said he repeatedly emailed, called, and messaged his loan officer without any response. Then, finally, he heard back that the mortgage was denied, with a letter from the credit union that he showed CNN citing his credit history and debts.
“It was pretty much the 11th hour,” Spencer said. “I really thought we were going to lose the house.”
But like Otondi, Spencer found another mortgage lender who quickly approved him for a new loan, at a lower interest rate than Navy Federal was going to charge him – and he and his girlfriend were able to close on the loan only a week late.
Spencer said he never thought the denial had anything to do with his race, and that the data CNN showed him about racial disparities in the credit union’s lending practices “blew my mind.” He said it made him think about family stories he’d heard about his grandfather’s experience dealing with redlining as he tried to buy a home after returning from the Korean War.
Some realtors who specialize in serving minority and veteran homebuyers said that Spencer and Otondi’s experience of being denied by Navy Federal and then easily approved by another lender wasn’t uncommon.
“If a client calls and says ‘I was disapproved by Navy Federal,’ the first thing we say is ‘let’s get you in with another lender,’” said Anthony Reanue, a California-based realtor. “In the military community, many people know that Navy Federal is not the best when it comes to mortgages.”
The credit union has previously faced scrutiny over racial disparities. An analysis by the nonprofit news outlet The Markup using 2019 data found that Navy Federal was among the large lenders with the biggest racial gaps in approval rates – and CNN found that the gap has only grown since then. Navy Federal said at the time that The Markup’s analysis did not accurately reflect its practices.
Navy Federal has also faced legal action over allegations of aggressive lending practices and other banking violations. In 2016, it paid about $28.5 million in redress and fines after the federal government found it had falsely threatened borrowers over debt collection and froze them out of their accounts.
Some of the Black borrowers denied by Navy Federal said they saw homeownership not just as a financial accomplishment but as a larger life goal. As an immigrant from Kenya, Otondi said that buying his house felt like living “the American dream right here.”
But after his rejection from Navy Federal, he said he couldn’t help but think about other Black borrowers who weren’t able to get another loan.
“What about the ones who are denied? What about the ones who now can’t get their own dream house?” Otondi asked. “It’s something that’s going to affect generations, all the way down to their kids.”
HOW WE REPORTED THIS STORY
CNN analyzed data on millions of mortgage applications to evaluate racial disparities in lending at Navy Federal Credit Union and other lenders. The data was released by the Consumer Financial Protection Bureau under the Home Mortgage Disclosure Act, and CNN used the snapshot data for 2022 and prior years.
Reporters analyzed conventional, first lien, one-to-four-unit, conforming, home purchase loan applications. The review only included mortgages for homes intended to be used for a primary residence, and not intended to be used for a business or commercial purpose. Applications that were not fully submitted and acted upon were excluded.
CNN’s statistical analysis evaluated the likelihood of applicants of each racial and ethnic group being denied when more than a dozen other variables were held constant. The other variables, all of which are included in the HMDA dataset, were: the applicant’s income, the applicant’s debt-to-income ratio, the loan amount, the loan term, the loan-to-value ratio, the property value, the presence of a co-applicant, the applicant and co-applicant’s sex, the credit scoring model used to generate the applicant’s credit score, the primary applicant’s age, the minority population percentage of the property’s census tract, the median age of housing units in the property’s census tract, and the difference between the median income of the metro area and the median income of the property’s census tract.
The analysis classified applicants as Latino if they reported Latino ethnicity, no matter their race. Mixed-race applicants and applications from co-applicants of different races or ethnicities were excluded from the racial categories. Alternate methods of defining race and ethnicity – such as looking only at the demographics of the primary applicant and not any co-applicants – did not substantially change the results.
Wealth management accounts are types of investment accounts that are managed by a professional, who coordinates the rebalancing and reallocation of assets in a portfolio. They are usually a part of a larger financial plan, often overseen by a manager or advisor.
A wealth management account is one way to help simplify investing and financial planning. But there are things investors should know, such as the costs involved, and any potential pitfalls.
What Is A Wealth Management Account?
A wealth management account is generally a form of advisory account that allows for the input and coordination of a financial advisor or planner. While there are many different types of asset management accounts, historically, many of these accounts have been available only to those with significant wealth or assets to manage.
If you’ve avoided opening a wealth management account because of high investing minimums, you should know that there are an increasing number of types of investing accounts on the market for individuals of various income levels. That’s to say that though there may be investment fees in the mix, it may be worth it to discuss the options available to you with a financial professional.
Based on your personal investment strategy, which may be developed with the help of a professional, a wealth management account may be used to invest your money in different assets.
[embedded content] 💡 Quick Tip: How do you decide if a certain trading platform or app is right for you? Ideally, the investment platform you choose offers the features that you need for your investment goals or strategy, e.g., an easy-to-use interface, data analysis, educational tools.
Why Invest with a Wealth Management Account?
Using a wealth management account may help some investors stay on track and stick to a financial plan. Working with a manager, too, can help take some of the pressure off of investors who may be having difficulties deciding how to invest.
Some people may choose not to invest at all, which might stymie their progress toward reaching financial goals. As such, a wealth manager or advisor may use a wealth management account to help those investors, and invest their assets where they have the best opportunity to grow. While rates of return cannot be guaranteed, and it is possible that investments will lose money, over time, money tends to grow when left in the market.
In effect, investing is a way to allow your money to work for you.
How Does Investing with a Wealth Management Account Work?
As noted, a wealth management account works in conjunction with a larger financial plan – one that a wealth management or financial professional likely lays out with you after learning more about your goals. They’re holistic accounts, taking into account applicable taxes and fees, and one in which a manager or advisor selects and manages investments on an individual’s behalf.
Once you have an investment plan in place, a wealth manager could build you a portfolio from a wide selection of assets, such as stocks, bonds, ETFs, and more. From there, a wealth manager will keep an eye on your portfolio, make changes as necessary, and incorporate an investor’s feedback. 💡 Quick Tip: Did you know that opening a brokerage account typically doesn’t come with any setup costs? Often, the only requirement to open a brokerage account — aside from providing personal details — is making an initial deposit.
How Do Financial Planners Help with Wealth Management Accounts?
As discussed, financial professionals or wealth managers offer a guiding hand in not only determining your financial goals, but figuring out the best investment strategy to help you reach them. That will all depend on a number of factors, including your age, risk tolerance, and more. But, ultimately, a financial professional will be able to make decisions based on market conditions and your portfolio’s makeup to help you reach certain financial milestones.
There’s always a chance that they could fail, that they offer bad advice, that your portfolio loses money, or that you could end up paying more than anticipated in fees and commissions, however. That’s something investors will need to take into consideration. But overall, a wealth management account is typically designed for an investor who wants a professional to offer guidance, and take some of the work out of managing a portfolio.
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FAQ
Are wealth management accounts worth it?
A wealth management account may be worth it to an investor if the investor wants a professional to offer guidance and make actual investments for them, as opposed to doing it themselves. Whether it’s worth it is ultimately up to the individual.
How much money do you need to open a wealth management account?
The amount of money needed to open a wealth management account varies from firm to firm, but generally, investors will need a minimum of around $25,000 to get started.
What is the typical wealth management fee?
Depending on the specific firm and financial professional an investor is working with, wealth management fees average around 1% of the assets being managed.
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If you’ve ever wanted to live in a minimalist apartment, here’s your chance. New year, new home.
Have you looked at your closet, bookshelves and stacks of files, and thought, maybe there’s something to be said for a minimalist apartment? For many minimalists, it’s this defining moment that starts them on a journey in which less is more. Less clutter, less stuff and less relentless organizing often leads to more free time to enjoy the things that truly matter.
With spring cleaning a few short months away, now’s a perfect time to use these minimalist apartment tips to create a clutter-free environment. Less clutter, after all, means fewer things to clean.
Not only do you get a jumpstart on spring cleaning your apartment, Neuroscience News reports you’ll also enjoy the side benefits of reduced stress and anxiety. Sounds like a win-win!
Two things can sidetrack the best of intentions: perfectionism and procrastination. These tips will help you stay focused without feeling overwhelmed. And, as a brilliant, unknown author once said about perfectionism, “No one is perfect…that’s why pencils have erasers.” So, let’s get started with one room at a time.
Minimalist apartment tips for your bedroom
Peter Walsh, the international organizer and author of seven organizing and decluttering books, said, “Clutter isn’t just the stuff on the floor. It’s anything that gets between you and the life you want to be living.”
Keep that in mind as you go through the many items you’ve collected in your bedroom. And remember the lesson behind the story of the tortoise and the hare: Slow and steady wins the race. Take it room by room and one area at a time. When you’re down to that last area, possibly just in time for the big spring clean, you’ll feel a sense of renewal and freedom that’s hard to define until experienced.
The dreaded closet
Closets can quickly become storage central with clothes and shoes you never wear and boxes with who-knows-what in them. It’s time to change that.
Every item goes into a keep, donate or discard pile.
To help you decide, ask two questions:
When was the last time I wore or used this? The 90/90 minimalism rule suggests you only keep items you’ve used or will use within a 90-day timeframe.
Does it bring you joy or serve a purpose?
Now, while you have everything out of your closet, it’s a good time to vacuum and clean the baseboards. In fact, as you go through your home pre-spring cleaning, taking time to do the baseboards gives you a great jumpstart.
A natural cleaning solution for this sometimes hard-to-clean area is one part white vinegar to one part water plus several drops of your favorite essential oil, like lemon, lavender or pine. Note: If you have pets, these essential oils are considered toxic. Safer ones for your furry friends include cedarwood, frankincense and clary sage.
Nightstands and dresser
Dressers can be a go-to spot for objects that hold memories, which makes them one of the more challenging decluttering areas.
Start by taking everything off the top and placing it in one of your three piles. If something holds sentimental value, put it to the side.
Pick up each item that holds a memory and consider if you feel a sense of freedom by letting it go or a sense of loss. And remember, memories aren’t in things; they’re in you.
Sort through your drawers. Socks with holes? Discard. Shirts you’ll someday wear but never do? Donate.
Minimalist apartment tips for your kitchen
Stand back and take a look at your kitchen. Can you see the countertop? Now’s the perfect time to consider what kitchen gadgets you actually use.
Do you have an electric wok a well-intentioned relative gave you as a gift that you’ve yet to get out of the box? When deciding which items to donate, it’s helpful to consider that there’s someone out there who may really appreciate it!
Go through each drawer and cabinet one at a time with the same intention. Remove items, place them in one of three piles, clean the cabinet and make a specific spot for everything.
A mixture of two parts baking soda and one part water is great for cleaning spots on painted or laminated cupboards and drawers. Let it sit for a few minutes before removing it.
If you’re short on time, consider doing just one kitchen cabinet or drawer a day.
For the ultimate jumpstart on spring cleaning, consider deep cleaning your appliances one at a time. A good DIY mixture to remove grease is one part white vinegar and one part blue Dawn. This task may require your favorite upbeat playlist and some elbow grease.
Minimalist apartment tips for your bathroom
Pre-spring cleaning offers a great time to go through your bathroom’s often-ignored medicine cabinet and under the cabinet sink.
Check for expired products and items you haven’t used in the last three months. If throwing away old medicine, be sure to scratch any personal information off the label to protect your privacy, and throw the container and medicine away separately.
Go through each drawer and shelf. Are you finding makeup you haven’t used in who knows how long? The Mayo Clinic offers some good advice on when it’s time to say goodbye.
Mascara and liquid eyeliner: safe for three months.
Pencil eye and lip liners: safe for one year.
Water-based foundation: safe for one year.
Oil-based foundation: safe for 18 months.
Cream-based foundation and blushes: safe for at least six months.
Lipsticks and lip gloss: safe for six months to one year.
Minimalist apartment tips for your living room
Your living room should be a sanctuary from the world, a place to relax, rejuvenate and enjoy time with friends and family. Every item should speak to the heart of the matter or be so incredibly functional you can’t do without it.
Remember, fewer things to move means fewer things to clean. With that in mind, remove items from shelves (including bookshelves) and the tops of tables.
One by one, ask yourself, do you really need this item in your life, or is it simply taking up space?
Clean shelves and table tops.
If you need a space for magazines, books and games you’re not ready to part with, lift-top coffee tables provide a great storage area while reducing clutter.
While sorting through your living room, consider vacuuming out the window tracks and washing the windows to get an extra spring-cleaning jumpstart.
Jumpstart spring cleaning and create an intentional life
You’ll be amazed at how getting rid of stuff not only frees up your space but your mind as well. To keep things tidy until the spring cleaning session, ensure everything has a place to call home and finds its way back there after use.
The outcome? You’ll understand the sentiment behind less is more and find yourself living a more intentional life in your newly minimalist apartment.
Still looking for that clean slate? Browse our apartments and houses for rent here.
There’s plenty to learn and love about Pennsylvania.
Often recognized as the epicenter of America’s roots, Pennsylvania presents a fascinating blend of history, culture and natural beauty. This state, commonly known as the Keystone State, holds a significant place in the makeup of American history and continues to be a dynamic player in various aspects of modern life.
From lively cities, like Pittsburgh and Philadelphia, to its serene countryside, Pennsylvania encapsulates a unique fusion of old and new. This article delves into what makes Pennsylvania a notable and distinct state to call home, exploring its rich history, strong local economy, abundant natural resources and much more.
Whether you’re considering moving to Pennsylvania, planning a visit or simply curious about what this state has to offer, this exploration will provide a comprehensive understanding of the Keystone State’s multifaceted character.
History
Pennsylvania, a cornerstone in American history, is renowned for its pivotal role in the founding of the United States. Key historical events, like the drafting and signing of the Declaration of Independence and the Constitution, took place on some of the historic, cobblestone streets of Philadelphia.
The state also played a crucial role in the Civil War, with the Battle of Gettysburg being a crucial turning point in the conflict, forever solidifying the town’s status as one of America’s most iconic battlefields.
Land
The state’s economy is multifaceted, with strengths in manufacturing, healthcare, education and technology. It’s a blend of traditional industries, like steel production in Pittsburgh, and more corporate pursuits, including finance and information technology in Philadelphia.
Pennsylvania is also a leader in energy production, especially with its vast coal reserves and the Marcellus Shale gas field.
Natural resources
Pennsylvania’s natural resources, particularly its extensive forests and major waterways, are significant. These resources not only contribute to the state’s economy but also offer a ton of opportunities for outdoor recreation and relaxation under the Pennsylvania skies.
The Pocono Mountains and numerous state parks provide residents and tourists with outdoor activities like hiking, skiing and fishing.
Entertainment
Pennsylvania’s cities are hubs for arts and entertainment, with plenty of theaters, museums and galleries. Philadelphia’s Museum of Art and Pittsburgh’s Andy Warhol Museum are notable cultural landmarks.
The state also has a strong presence in the music industry, with tons of venues hosting everything from classical concerts to contemporary music festivals.
Five great spots to see a show in Pennsylvania
Food
Pennsylvania is famous for its distinctive food items like Philly cheesesteaks, soft pretzels and Hershey’s chocolate made in the town of Hershey.
Five of the best restaurants in Pennsylvania
The state also has a rich brewing tradition, with a thriving craft beer scene and historic breweries.
Five great breweries in Pennsylvania
Sports
Sports are deeply ingrained in Pennsylvania’s culture. The state boasts some of the most passionate fans in the country, particularly for its football teams, the Pittsburgh Steelers and Philadelphia Eagles, as well as their beloved baseball teams, the Philadelphia Phillies and Pittsburgh Pirates.
Education
Pennsylvania is known for its Ivy League schools, like the University of Pennsylvania, but also other prestigious universities like Carnegie Mellon University and Penn State. These higher education institutions are centers for research and innovation. Beyond that, many of the talented individuals that these esteemed schools attract end up sticking around after their four years are up. This is one of the major contributing factors to the state’s respectable entrepreneurial spirit.
Amish influence
Pennsylvania is home to one of the largest Amish populations in the United States, particularly in Lancaster County. This community offers a glimpse into a unique, technology-free lifestyle, a significant draw for tourists and anyone looking for quality furniture at a fair price.
Pennsylvania’s a pretty sweet spot
Pennsylvania stands out as a state with a profound historical legacy and an encouraging present. It’s a place where history is not just remembered but is palpably felt in its streets, monuments and museums.
Pennsylvania’s natural wilderness offers a retreat for nature lovers, while its cities pulsate with the type of exciting artistic energy that is indicative of cities on the rise. Pennsylvania is more than just a state; it’s a microcosm of American history, culture and innovation, making it a remarkable place to live, work and explore.
Looking to learn the best ways to make money while you sleep? Do you ever feel worn out from your regular routine and tired of struggling to manage your money? Just picture being able to earn money even when you’re sleeping, without having to work long hours. In this article, I will show you 19…
Looking to learn the best ways to make money while you sleep?
Do you ever feel worn out from your regular routine and tired of struggling to manage your money? Just picture being able to earn money even when you’re sleeping, without having to work long hours.
In this article, I will show you 19 ways to help you reach financial freedom by earning passive income, such as while you sleep.
Having different ways to make money might seem like something crazy, but with the right plan and some hard work, it can actually happen.
In fact, I earn income all the time while I am sleeping and I love it. Now, that doesn’t mean that it’s easy. Some of the ways below will be harder than others, and they may take up a lot of time still. But, you may be able to earn money throughout the day from the hard work that you put in.
Key Takeaways
There are many ways to make money while you sleep, such as by blogging, selling digital products on Etsy, renting out storage space or real estate, putting your money in a high yield savings account, earning dividends, and more.
Some are easier to start than others – so make sure to think about the pros and cons, such as how much time it may take you or how much money you will need to start (your minimum investment!).
19 Best Ways To Make Money While You Sleep
Below are 19 ways to make money while you’re asleep.
1. Blogging
My favorite way to make money while I’m sleeping is by blogging, and it is a great way to make passive income while you sleep. I have been blogging for many years now (since I started Making Sense of Cents, I’ve made more than $5,000,000 from my blog), and I am able to work and earn money while I am asleep, such as by selling digital products, display advertising, and through affiliate marketing.
This is because readers read my blog posts throughout the day and night, even when I am not working. I have blog posts and advertising on my site, for example, that earn me income throughout the day.
So, what is a blog? A blog is like the article you’re reading now, written and published on a website. It’s basically a collection of written content. You can start a blog about many different topics, such as finance (like my blog!), recipes, family, health, wellness, pets, sports, outdoors, travel, and more.
Other similar ways to make money in your sleep include starting a podcast or a social media account, such as on TikTok or Instagram.
Recommended reading: The 25 Most-Asked Blogging Questions To Get You Started Today
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Want to see how I built a $5,000,000 blog?
In this free course, I show you how to create a blog, from the technical side to earning your first income and attracting readers.
2. Affiliate marketing
If you want to learn how to make money overnight (such as when you’re sleeping), then my absolute favorite way is affiliate marketing.
This is one of the main ways I make money on my blog, but you don’t need a blog to do affiliate marketing either. You can do affiliate marketing on Instagram, Facebook, Pinterest, an email list, and more.
Affiliate marketing is when you share products or services from other companies with readers, subscribers, or people that you know. When someone buys through your referral link, you get a commission and earn some money from the company.
Here’s an example: Let’s say you write about a book on your blog and provide a link to it. If someone buys that book through your referral link, you get a commission.
You’ve probably bought things through affiliate marketing many, many times over the years. I definitely have!
Recommended reading: Affiliate Marketing Tips For Bloggers – Free eBook
3. Selling printables
Making and selling printables is another good way to make money without much active effort.
Printables are digital items that people can download and print at home. They can be things like games for a bridal shower, checklists for grocery shopping, planners for managing budgets, invitations, coloring pages, quotes designed to be printed and hung on walls, and more.
I buy printables all the time, and so do other people. In fact, I bought a printable the other day for my daughter – one that would help her learn the alphabet that I could print out at home for her.
Making printables can be a passive way to earn money. You only need to make one digital file for each product, and you can sell it as many times as you want. All you need is a laptop or computer and an internet connection, which makes it a low cost way to start a business.
Recommended reading: How I Make Money Selling Printables On Etsy
Do you want to make money selling printables online? This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.
4. Investing in real estate
Investing in real estate is a popular way to make passive cash flow while you sleep.
By purchasing rental properties, you can earn a steady flow of rental income from tenants and guests. Also, your property’s value will most likely appreciate over time, which can increase your net worth.
You can invest in residential properties, commercial real estate, short-term rentals (such as starting an Airbnb), REITs (real estate investment trusts), and more. There are pros and cons of each, so you will want to think about that before you get started.
Recommended reading:
5. Starting a YouTube channel
Starting a YouTube channel is another way to make money while you sleep. This is because you can add affiliate links to your videos, generate ad revenue, form brand sponsorships, and sell products within videos as well.
You’ll need to create videos that entertain, educate, or inform viewers, and get as many views to your videos as you can (for the most part, more page views usually does mean more income).
As your YouTube content becomes more popular, you will earn passive income from past videos while working on new content.
Recommended reading: How I Grew From 0 Subscribers To Over $100,000 On YouTube In Less Than One Year
6. Dropshipping
Dropshipping is a type of business where you sell items on an online store, but you don’t do the shipping. Instead, you have a supplier that does the shipping for you.
So, this means that you don’t need to keep any products in stock yourself.
That doesn’t mean that this is easy, though – you have to find trustworthy suppliers and make sure your customers get their orders on time. You will also need to create a website, find a way to differentiate yourself from other dropshippers, take pictures of the items you are selling, answer customer questions, and find ways to grow your store.
The types of items that you can sell in a dropshipping store include clothing, electronics, home decor, pet supplies, luggage, stationary, craft supplies, books, and more.
7. Online courses
I have made over $2,000,000 from selling courses over the years – courses that I have personally created.
Making and selling online courses is a great way to earn money at any time of the day – even while sleeping.
Some examples of courses that can be created include:
Parenting and family
Health and wellness
Woodworking
Dog training
Standardized tests preparation
Playing the guitar
Teaching a language
Traveling
Painting
Cooking
And so much more!
I have taken courses on all sorts of topics over the years, such as baby sleep classes, personal finance, credit card rewards, and so much more.
Creating an online course is one of the fastest ways to use your time, increase your earnings, and help more people.
Recommended reading: How I’ve Made Over $1,000,000 From My First Course Without a Big Launch
8. High yield savings accounts
A high yield bank account is a low-risk method to make extra cash while you sleep.
These types of savings accounts earn a higher interest rate than a regular savings account, so your money grows faster.
You will want to make sure that you pick a trustworthy bank and check the interest rates regularly because they can go up or down. Some people move their money into high yield savings accounts often so that they can get the highest interest rates.
Remember, these accounts usually over the long run have lower interest rates compared to stocks or real estate, but they give you a stable and secure way to earn money.
I personally use Marcus by Goldman Sachs as they have a very high rate. You can get up to 5.40% at the time of this writing through a referral link bonus. According to this high yield savings account calculator, if you have $10,000 saved, you could earn $540 with a high yield savings account in a year. Whereas with normal banks, your earnings would only be $46.
9. Dividends
Buying stocks that pay dividends is another way to earn money while sleeping.
When you invest in these stocks, you get a portion of the company’s earnings on a regular basis.
Here’s how dividends work: If you have shares of a company that gives you money because you own them, that’s called a dividend. So, if you own 10 shares of Company XYZ, and they give you $5 in dividends every year, you’ll get $50 in total for that year. Usually, companies give out dividends four times a year. In the example, the $5 they give you every year will likely be divided into $1.25 for each quarter (four times a year).
Recommended reading: What Are Dividends & How Do They Work? A Beginner’s Guide
10. Rent out your garage
If you have extra land or space in your home that you’re not using, you can make money by letting other people use it for storage.
You can rent storage space for things like cars, boats, boxes, and more. This could be your garage, driveway, closet, basement, attic, or even just a shelf.
A website where you can list your storage space is Neighbor. On this site, you can make between $100 and $400 or more every month. How much you earn depends on how much people in your area want to rent and what kind of space you’re renting out.
Recommended reading: Neighbor Review: Make Money Renting Your Storage Space
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You can use this website to list your unused space for rent and make up to $15,000 per year by doing so. With Neighbor, you can rent out your garage, driveway, basement, parking lot, shed, warehouse, carport, attic, street parking, or even a closet.
11. Hosting webinars
Webinars are like online classes or workshops about specific subjects (I’ve included a list below of some examples). If you’re an expert in something, you can record a webinar and charge people to attend or sell products and services related to the topic during the webinar.
You can also record your webinars and let people watch them whenever they want, which can bring in money while you are sleeping or on vacation.
For example, you could host a webinar about:
Starting an e-commerce store – Teach participants the ins and outs of setting up and running a successful online store.
Digital marketing strategies for small businesses – You could share online marketing techniques to help businesses grow their online presence, such as tips for TikTok, Instagram, Pinterest, Google SEO, and more.
Stock market investing for beginners – You could share advice and tips for newbies in the world of stocks, mutual funds, index funds, bonds, S&P, and investment portfolios.
How to make money with affiliate marketing – You could teach the strategies behind successful affiliate marketing sites.
How to invest in fine wine – Or, any other type of investment! If there is something specialized that you invest in that is different from normal, you may be able to generate interest in your webinar.
And so much more.
12. Peer-to-peer lending
Peer-to-peer (P2P) lending is when you lend money to people or businesses who need loans, and they pay you back with interest.
Websites like LendingClub and Prosper let you spread out your money to lots of borrowers, which lowers the risk if someone can’t pay you back.
As borrowers make their payments, you get a part of the interest, which adds to your passive income streams that you can make without working.
With a peer-to-peer lending site, people can borrow money from a group of lenders like you and me, rather than from a traditional financial institution like a bank. People use peer-to-peer lending sites for all sorts of reasons such as debt consolidation, home improvement, small business financing, investment opportunities, and more.
13. Selling stock images and graphics
If you like taking pictures, you can make money in your sleep by selling stock images on websites like Shutterstock, Getty Images, or Adobe Stock.
People buy stock images for all sorts of reasons, such as to put on their website, within articles and blog posts, on social media, and more. I buy stock images all the time because they can help to make a blog post more enjoyable to read (you can find several stock images within this blog post, in fact).
A great thing about stock content websites is that they can bring in money even when you’re not actively working. You take pictures, put them on the site, and they can keep making money for a long time.
Some common types of pictures that you can sell include travel, business, people, food, animals, health, fashion, sports, and more.
Recommended reading: 18 Ways You Can Get Paid To Take Pictures
14. Start a membership site
Creating a membership site where people pay a regular fee (such as each month or each year) for special content, resources, or services is a way to make money.
Some examples of membership sites that you can start include:
Stock image library – You can sell a collection of pictures or videos that subscribers can use for their own projects (such as their own business). Subscribers pay for access to this media library. I personally have been paying for a stock photo membership for years, and I think they are amazingly helpful.
Newsletter – Send valuable and special content straight to your subscribers’ email inboxes regularly where you charge a subscription fee for access.
Mastermind groups – You can form small, focused groups of individuals who come together to support and challenge each other in achieving their goals, and you charge a membership fee for participation. I have seen mastermind groups go for anywhere from free to tens of thousands of dollars a year to participate.
Freelance job board – You can start a site where freelancers can find real job listings and opportunities. Members pay for access to these job listings because they want to find real jobs that pay (instead of having to weed through fake ads or low paying ones).
Consulting or coaching services – You can give personalized advice, coaching sessions, or access to a private community for members looking for guidance in a specific area, like life coaching or business consulting.
Fitness membership – You can create a platform with workout plans, meal plans, and wellness tips. Members pay a monthly fee for access to this content.
Digital downloads library – You can create a library of downloadable resources like ebooks, templates, or software. Subscribers gain access by becoming members.
Community forum – You could create a community around a shared interest or hobby where members can engage in discussions, ask questions, and share experiences, and you charge a fee for access.
Online courses membership – You can start a platform where you have courses on a specific subject, like photography, cooking, or digital marketing, where subscribers then pay a monthly fee to access the content.
Keep in mind, the secret to a successful membership site is giving real benefits to your subscribers. So, whether it’s great content, a helpful community, or useful resources, make sure your members feel like they’re getting what they paid for so that they keep their subscription for months and years to come.
15. Sleep studies and mattress testing
Taking part in sleep studies and mattress testing will most likely not be a long-term, reliable source of income, but it can earn you some extra money while you literally sleep.
You can find these by researching local sleep clinics or mattress companies that have paid studies or testing. Many universities also pay for sleep studies, such as the Harvard Division of Sleep Medicine.
The amount of money you can make depends on the specific study or testing, but it can be an interesting way to earn some extra money or get a free mattress for your time.
16. Vending machine business
Running a vending machine business can be a good way to make money, and you can sell different kinds of products. You may be able to earn over $1,000 a month with a well-run vending machine business.
Here are some ideas of what you can sell in a vending machine:
Snacks and drinks:
Chips
Candy
Nuts and seeds
Cookies
Soda
Bottled water
Energy drinks
Juices
Healthy and organic food:
Granola bars
Dried fruits
Nut mixes
Organic snacks
Low-calorie drinks
Hot drinks:
Coffee (regular, decaf, specialty)
Tea
Hot chocolate
Frozen treats:
Ice cream
Frozen yogurt
Popsicles
Fresh food:
Sandwiches (pre-packaged)
Salads (in sealed containers)
Fruit cups
Yogurt parfaits
Personal care and hygiene items:
Tampons and pads
Toothbrushes and toothpaste
Hand sanitizer
Makeup
Vitamins and supplements
First aid kits
Pain relievers
Electronics and accessories:
Phone chargers
Headphones
Power banks
Office and school supplies:
Notebooks
Pens and pencils
Sticky notes
USB drives
Specialized items:
Fishing bait and supplies
Beauty and skincare products
Baby items (diapers, wipes, toys, snacks)
Recommended reading: How I Make $7,000 Monthly With A Vending Machine Business
17. Amazon FBA
Amazon FBA (Fulfillment by Amazon) is where sellers store products in Amazon’s fulfillment centers, and Amazon handles customer shipping, returns, and customer service on the seller’s behalf. By using FBA, you can sell a variety of products without worrying about storing inventory or handling shipping logistics.
You would be finding the products to sell, though. Even if you have no experience selling on Amazon, you can earn money selling household goods, toys, books, electronics, and so on.
If you want to learn more about starting an Amazon business, I recommend signing up for this free training that will teach you how to sell products on Amazon and make $100 to $500 per day.
Recommended reading: How To Work From Home Selling On Amazon FBA
18. Write a book
People can buy books at any time of the day, including while you are sleeping.
Self-publishing online platforms, such as Amazon KDP (Amazon’s Kindle Direct Publishing platform), allow you to reach a broad audience without the need for a traditional publisher.
Writing your own book is a great way to make money from home, and there is probably something helpful that you could write about (even if you think otherwise!). One very popular topic right now is romance novels, in fact.
Recommended reading: How Alyssa is making $200 a DAY in book sales passively
19. Develop and sell an app
If you have technical skills, developing and selling an app can be a way to make money overnight while you are sleeping.
Creating your own app, whether it’s a helpful tool, a fun game, or something else, can help you to make passive income.
Even though it will take some work and money up front, once your app is in the app stores, it can generate revenue no matter the time.
Some ideas for apps that you could create include a budgeting tracker, meal planner, fitness tracker, meditation app, travel itinerary planner, and more.
You will want to do some research, and make sure that there are people who want to use the app that you are thinking about creating, of course. You could start brainstorming ideas by thinking about what kind of app you think could be helpful in your life to have.
Frequently Asked Questions On How To Make Money While You Sleep
Below are answers to common questions on how to make money while you sleep.
What is passive income?
Passive income is money you earn without actively working, and instead, it comes from investments, businesses, or assets that require minimal effort on your part. Now, that doesn’t mean that making passive income is easy, as you will most likely have to put in a lot of work in the beginning to get started. But, it can be well worth it to make money at any time of the day. Passive income is personally my absolute favorite way to make money.
Which businesses make income overnight? What businesses make money while you sleep?
A few businesses that can generate income even when you’re not actively working are online stores, affiliate marketing websites, and selling printables. These businesses run online, making them accessible to customers 24/7 so people can use them.
What did Warren Buffett say about making money while you sleep?
Warren Buffett, a successful investor and businessman, is quoted as saying, “If you don’t find a way to make money while you sleep, you will work until you die.” This goes to show how important it is to find ways to make money without constantly working a regular 9-to-5 job.
What is the best way to make money while you sleep? – Summary
I hope you enjoyed this article on how to make money while sleeping. As you can see, there are many full-time jobs and side hustles to make money while you sleep such as:
Blogging
Affiliate marketing
Selling printables
Investing in real estate
Starting a YouTube channel
Dropshipping
Selling online courses
Putting your money in high yield savings accounts
Dividends
Rent out your garage
Hosting webinars
Peer-to-peer lending
Selling stock images
Start a membership site
Sleep studies and mattress testing
Vending machine business
Amazon FBA
Write a book
Develop and sell an app
Do you want to learn how to make money while you sleep?
Find out where ATL housing stands in terms of pricing and availability.
Atlanta’s housing market is, in a word, competitive, with homes generally receiving multiple offers and selling within a month. However, the market has shown some signs of fluctuation in the last couple of years. Read on to learn more about the ebbs and flows that determine and define the Altlanta housing market.
The general trend
The median sale price in Atlanta was $409,000 last month, marking a 6.0% decrease compared to the previous year. Additionally, the median sale price per square foot was $276, down by 1.8% since last year.
Neighborhood-specific housing trends
Each Atlanta neighborhood featured below is experiencing its own unique trends.
Midtown: Known for its lively vibe, Midtown’s housing market saw a median sale price of $389,000, a decrease of 2.8% from the previous year. The price per square foot showed a minimal increase to $402, indicating a relatively stable market.
Downtown Atlanta: Contrasting Midtown, Downtown Atlanta experienced a 12.7% increase in median home prices, reaching $307,000. Homes stayed on the market for an average of 69 days, significantly longer than the previous year.
West End: A culturally rich area, the West End’s average house price slightly decreased to $331,000, a 1.2% drop from the previous year.
Southwest Atlanta: This neighborhood showed resilience with an average house price increase of 3.5%, reaching $238,000.
Capitol View: Capitol View experienced a 4.4% increase in average house prices, settling at $418,000.
Atlantic Station: Here, the median sale price decreased by 5.3% to $310,000, but the price per square foot rose significantly by 13.0% to $338.
Grove Park: Grove Park saw a remarkable increase in housing prices, with an average of $318,000.
East Atlanta: This area experienced a downturn with home prices decreasing by 6.1%, settling at a median price of $495,000.
Northeast Atlanta: This area saw a substantial increase in median sale prices, which were up by 14.3% to $503,000. The price per square foot also rose by 5.2% to $383.
Edgewood: As one of the most competitive markets, Edgewood’s average house price was $573,000, up by 12.3% from last year.
Peoplestown: This neighborhood saw a significant decrease of 28.5% in average house prices, which stood at $413,000.
Atlanta rental market analysis
The rental market in Atlanta is full of options, with variations depending on the area and style of the apartment.
General rental trends: In 2023, Atlanta’s average rent ranged from $1,662 for a studio to $2,487 for a two-bedroom apartment. One-bedroom apartments averaged $1,912 in rent.
Northeast Atlanta rental market: This area is on the higher end of the rental spectrum, with the average rent for a one-bedroom apartment around $2,187. The market here shows stability with a slight variation in rent prices, indicating a consistent demand.
Further insights on the Atlanta rental market
Several factors, including the economic landscape, population growth and urban development influence the rental market in Atlanta. In recent years, Atlanta has seen an influx of new residents, driven by its growing reputation as the premier cultural, economic and entertainment hub in the Southeast. This population growth has led to increased demand for rental properties, especially in popular areas like Midtown and Buckhead.
Moreover, the city’s growing job market, particularly in sectors like technology, finance and healthcare, has attracted professionals seeking a setup near their workplaces, making it a top contender when we talk about best cities for hybrid work. This demand has led to the development of new apartment complexes and the renovation of older buildings, further diversifying the rental options available.
It’s all about The A
The Atlanta real estate market, both in terms of housing and rentals, presents a nuanced picture. While some areas show increasing home and rental prices, others are experiencing stabilization or even a decrease. This variety reflects the city’s diverse demographic and economic makeup, offering opportunities for buyers and renters depending on their preferences and needs.