• Easy Ways to Spruce Up Your Rental Property Easy Ways to Spruce Up Your Rental Property

    0 comments / Posted on by Steven Rivera

    Easy Ways to Spruce Up Your Rental Property

    When it comes to getting your property rented –and fast, you need a way for it to stand out from the crowd.

    While many landlords shy away from renovations, fearing the cost will be too high, the truth is that you don’t have to spend an arm and a leg to get your rental presentable. Often, simple improvements and even basic, low-cost upgrades can make all the difference.

    Not only will a facelift help your rental to attract more interest from applicants, but it can also help to set the standard for the tenants that you end up getting in your rental. Keeping your rental in good shape shows your tenants the type of condition that you expect them to keep it in as well, and encourages them to treat it right.

    You don’t have to break the bank, tear down the walls, and upgrade every room in your house to make your rental more appealing. Here’s a look at some simple upgrades that can help your property to stand out.

    Give It a Fresh Coat of Paint

    There’s nothing like a fresh coat of paint! A new coat is one of the fastest and most cost-effective ways to instantly improve your rental’s interior. In fact, many landlords opt to paint the main living areas in between each tenant.

    If you’re planning on doing the job yourself, just remember that the secret to a good coat of paint is largely in the prep work that you do. Don’t skimp on time, make sure the walls are...

    When it comes to getting your property rented –and fast, you need a way for it to stand out from the crowd.

    While many landlords shy away from renovations, fearing the cost will be too high, the truth is that you don’t have to spend an arm and a leg to get your rental presentable. Often, simple improvements and even basic, low-cost upgrades can make all the difference.

    Not only will a facelift help your rental to attract more interest from applicants, but it can also help to set the standard for the tenants that you end up getting in your rental. Keeping your rental in good shape shows your tenants the type of condition that you expect them to keep it in as well, and encourages them to treat it right.

    You don’t have to break the bank, tear down the walls, and upgrade every room in your house to make your rental more appealing. Here’s a look at some simple upgrades that can help your property to stand out.

    Give It a Fresh Coat of Paint

    There’s nothing like a fresh coat of paint! A new coat is one of the fastest and most cost-effective ways to instantly improve your rental’s interior. In fact, many landlords opt to paint the main living areas in between each tenant.

    If you’re planning on doing the job yourself, just remember that the secret to a good coat of paint is largely in the prep work that you do. Don’t skimp on time, make sure the walls are...

    Read more

  • Why You Need to Prioritize Buying a Home Now Why You Need to Prioritize Buying a Home Now

    1 comment / Posted on by Steven Rivera

    Why You Need to Prioritize Buying a Home Now

    Homeownership can be considered one of the key life achievements in one’s life. In our society, buying a home symbolizes that a person has achieved a certain economic status. Given the social and economic benefits often attributed to homeownership, positive impact towards one’s personal life and residential satisfaction is expected.

    However, housing inventory has not been the same as it was five years ago when there were more homes for sale and the prices were much lower than today. If you are considering buying a new home today, the following reasons might convince you why you may not want to put off that aspiration of yours to become a new homeowner.

     

    1. Lack of Inventory

    According to the Redfin Data center, (https://www.redfin.com/blog/data-center), based on the latest available data and zooming in on Suffolk County NY, home inventory or homes for sale in the month of April 2018 is at 5,388 has reduced by 18.7% from a year ago (6,624 home inventory in April 2017) and looking back one more year, it has reduced by 26.8% (7,964 home inventory in April 2016). Buying a home is, therefore, made all the more difficult when there are less homes to buy in your price range.

    It’s a sad truth, but a reality nonetheless: inventory is probably going to get worse before it gets better. That said, if you are considering buying a home, the sooner you can do so, the better. As days pass by, inventory will...

    Homeownership can be considered one of the key life achievements in one’s life. In our society, buying a home symbolizes that a person has achieved a certain economic status. Given the social and economic benefits often attributed to homeownership, positive impact towards one’s personal life and residential satisfaction is expected.

    However, housing inventory has not been the same as it was five years ago when there were more homes for sale and the prices were much lower than today. If you are considering buying a new home today, the following reasons might convince you why you may not want to put off that aspiration of yours to become a new homeowner.

     

    1. Lack of Inventory

    According to the Redfin Data center, (https://www.redfin.com/blog/data-center), based on the latest available data and zooming in on Suffolk County NY, home inventory or homes for sale in the month of April 2018 is at 5,388 has reduced by 18.7% from a year ago (6,624 home inventory in April 2017) and looking back one more year, it has reduced by 26.8% (7,964 home inventory in April 2016). Buying a home is, therefore, made all the more difficult when there are less homes to buy in your price range.

    It’s a sad truth, but a reality nonetheless: inventory is probably going to get worse before it gets better. That said, if you are considering buying a home, the sooner you can do so, the better. As days pass by, inventory will...

    Read more

  • Money Working For You vs. You Working For Money Money Working For You vs. You Working For Money

    0 comments / Posted on by Steven Rivera

    Money Working For You vs. You Working For Money

    Have your money work for you, instead of you working for your money.

    I think it's safe to say that the majority of people work for a living. Most of us have our
    regular routine of a Monday-Friday job, 9-5 that leaves us with little time or financial
    freedom. Even when we do finally see our savings account rise, we keep it in the bank
    earning little interest. Here are ways we can get smart with our money, and start have
    our money working for us.

    1. Develop Streams of Passive Income: This is a big one. Having multiple streams of
    passive income can really earn you the big bucks, with doing little to no work.
    Although it requires an investment initially, in the long run it will be a huge payoff.
    Real estate investments are the most common and usually most rewarding forms of
    passive income.

    2. Store Your Money In Retirement Accounts: Putting your money into retirement
    accounts such as a 401K or an IRA allows you to be invested in the market and have
    your money potentially grow significantly. Don't give away free money. Put in however
    much money your employer will match. After that you can transfer to an IRA.

    3. Choose Credit Cards With Rewards You'll Use: Choose a credit card with rewards
    that fit your lifestyle, this way each dollar you spend on your card is doing double
    duty. Note, This is only a good method if you have the money to pay it off, don't get
    yourself in debt!

    4. Become a Silent Partner In New Business: Although starting your own company
    can...
    Have your money work for you, instead of you working for your money.

    I think it's safe to say that the majority of people work for a living. Most of us have our
    regular routine of a Monday-Friday job, 9-5 that leaves us with little time or financial
    freedom. Even when we do finally see our savings account rise, we keep it in the bank
    earning little interest. Here are ways we can get smart with our money, and start have
    our money working for us.

    1. Develop Streams of Passive Income: This is a big one. Having multiple streams of
    passive income can really earn you the big bucks, with doing little to no work.
    Although it requires an investment initially, in the long run it will be a huge payoff.
    Real estate investments are the most common and usually most rewarding forms of
    passive income.

    2. Store Your Money In Retirement Accounts: Putting your money into retirement
    accounts such as a 401K or an IRA allows you to be invested in the market and have
    your money potentially grow significantly. Don't give away free money. Put in however
    much money your employer will match. After that you can transfer to an IRA.

    3. Choose Credit Cards With Rewards You'll Use: Choose a credit card with rewards
    that fit your lifestyle, this way each dollar you spend on your card is doing double
    duty. Note, This is only a good method if you have the money to pay it off, don't get
    yourself in debt!

    4. Become a Silent Partner In New Business: Although starting your own company
    can...

    Read more

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