Steven Palatt's Blog
With the rapid rebound in the real estate market over the past few years, there has been a tremendous increase in the financial potential of this industry. Therefore, many people are looking for ways to generate a steady income in real estate. In order to take advantage of the numerous available opportunities, there are a few important ideas to consider.
Generating Income from Rental Properties
One of the most direct ways to generate a steady income from real estate is through rental properties. Of course, the property needs to be rented consistently in order to generate reliable income. Sometimes, there might be a few gaps here and there when tenets move in or out. You could opt to compensate for these gaps using a web-based service that allows you to advertise your space as available for short term rental opportunities for a few nights or weeks at a time.
Consider Using a Property Management Company
Those who are having trouble finding the right tenets might choose to rely on a property management company for assistance. While this isn't right for everyone, it might be helpful for someone who is renting out property that isn't in their local area. That way, if something does go wrong with the property, there is someone who is immediately available to provide assistance. A property management company may also have connections in the industry that help you save money on repairs and maintenance.
Think About Becoming an Appraiser or Inspector
Those with an interest in real estate or who work in a related field already might choose to become an appraiser or inspector. A full-time real estate investor could manage their own properties while inspecting and appraise others. This path helps keep you closely in touch with the latest local transactions and trends in a particular area.
Generating a Steady Income from Real Estate
These are a few key tips that can help to generate a steady income flow from real estate. In addition to the capital gains that might come with real estate investing, there are steady income opportunities available. It is a good idea to generate multiple income streams in real estate, it will help to diversify risks while maximizing financial opportunities.
When you stop and think about all the preparations involved in putting your house on the market and avoiding mistakes, it can feel overwhelming! The good news is that you don't have to go it alone.
An experienced real estate agent can provide you with invaluable guidance on everything from effectively staging your home to complying with seller disclosure requirements.
One aspect of selling your house in the shortest amount of time (and for the highest price) is doing everything you can to make a great first impression on prospective buyers. You've probably heard the old expression "Presentation is everything." While that might be a slight overstatement when it comes to selling your house, it is a concept that is well worth keeping in mind. The overall impression prospective buyers take away with them after they've viewed your property will have a powerful impact on whether they decide to include it on their "short list."
Let There Be Light!
Sometimes the simplest changes can produce the biggest results. One example is lighting. If a room is inadequately lit, then you're not going to be showing it to its best advantage. Spaces that are too dimly lit can come across as dreary, shadowy, and uninviting. If you have bedrooms or other living spaces that don't have a ceiling light, for example, it might be worth the expense of having an electrician come in and correct that. Otherwise, homebuyers may find it frustrating and off-putting when they flip a wall switch, and it only turns on a ceiling fan, a floor lamp, or nothing!
Dimmer switches are often an easy and inexpensive solution for rooms that seem either too bright or too dark. Prospective buyers like the feeling that they can adjust the lighting in any room to match their immediate needs and mood.
Letting in as much natural light from the outside is another way to create a bright, cheerful ambiance in your home. Using decorative curtain ties to pull back curtains as far as possible can add a nice finishing touch while allowing as much outside light to shine in as possible.
If you happen to notice that your curtains are wrinkled, faded, tattered, heavy looking, or noticeably dated, you might want to consider replacing them with newer, more cheerful versions. The appearance and age of your curtains can have a lasting effect on the impression house hunters get from your home.
While we're on the topic of windows, keeping them impeccably clean is a goal worth prioritizing. That can be a difficult thing to keep up with if you have young children and pets who are always leaving smudges on glass and mirrors, but the cleanliness of windows is a small but important detail that will be noticed by potential buyers.
Although there are dozens of things to keep in mind when trying to make a great impression on home buyers, your real estate agent will help you identify cost-effective strategies for putting your best foot forward.
When it comes to renewable resources, there is nothing quite as powerful as the sun. Solar energy is the one resource that we have on our planet that will never run out, and people are discovering that there are many innovative ways to harness the sun's energy in order to power our daily lives.
Recognizing the importance of solar energy, you may be wondering if solar panels are the right choice for your home. This guide will give you the information you need to know about solar panels, and it will help you decide if they are the best feature for your environmentally-friendly home.
Should I Add Solar Panels to My Home?
Solar panels were once considered a luxury upgrade that were not available to the average homeowner, but today they are an option for nearly anyone who is interested. Here are some factors to consider when deciding if solar panels are the right choice for your home:
- The type of roof that you have and the age of your roof. Solar panels will work best on a newer, more durable roof, such as one made of composite shingles. It is often best to replace your roof and add solar panels simultaneously, as solar panels have an expected lifespan of about 40 years.
- The local climate of your region. Ideally, in order to maximize the use of solar energy, you should live in an area that receives natural sunlight more frequently.
- The location of your home. The direction that your home faces may dictate how much sunlight your roof receives on a daily basis. You should only invest in solar panels if your roof receives adequate sunlight.
The Solar Panel Installation Process
If you decide to purchase solar panels for your home, you should leave the installation of these panels to the professionals. This is not a DIY project, but rather, one that only experienced installers should take on. You will want to trust that your solar panels have been installed properly, as this is the only way to maximize their benefits.
The Financial Benefits of Going Solar
Purchasing and installing solar panels will require you to make an initial investment in your home, but you will quickly find that there are many financial benefits associated with going solar. These are just a few to consider:
- Your utility costs will go down. When you have solar panels properly installed on your home's roof, you can collect solar energy to power your home. Subsequently, you will be relying less on electricity provided by your utility company. While the amount of cost savings you will realize will vary based on your own consumption and the rates in the local community, it's safe to assume that you will pay less to your utility company over time.
- Your property value will go up. Home buyers are often searching for properties that have sustainable features in place, and solar panels are in high demand among those in the market for a new home.
Ultimately, when it comes to adding solar panels to your home, the choice is yours. It is becoming a more common upgrade for homeowners across the country, and solar panels can easily be added to nearly any type of home. If you are interested in living a more sustainable lifestyle, then solar panels may be a good option for you and your home.
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Being short on time is no reason to not enjoy a healthy meal at home. These three quick and easy pasta dishes whip up in a mere 30 minutes or less, giving you plenty of time to even to the dishes before you could be in and out of a drive thru lane.
20-Minute Lemon Pepper Pasta with Shrimp
Fast and delicious, this delightfully light and healthy recipe can be made with many staple ingredients you likely keep on hand.
Prepare the pasta following the packages directions. Meanwhile, put the olive oil in a large nonstick sauté pan or skillet. Heat to medium and add shrimp. Cook for two minutes before turning. Add your vegetable/s of choice to the pan along with the lemon zest. Sprinkle with pepper and salt to taste and cook for 1 to 2 more minutes. Remove from heat and drain pasta. Toss pasta with shrimp mixture, cheese and pesto.
Pasta & Burst Cherry Tomato Sauce
This 15 minute recipe is bursting with fresh, vibrant flavors, and is a light and healthy meal that is excellent cold or hot.
Prepare pasta in boiling water and a pinch of Kosher salt until desired level of firmness. Transfer pasta to a large bowl and set aside. Heat olive oil in a heavy, medium sized skillet over medium-high heat. Slowly introduce the garlic and tomatoes and sprinkle over seasonings and sugar and salt to taste. Cook for approximately 6-8 minutes until the cherry tomatoes burst and create a juicy sauce. Top pasta with the sauce and basil. Top with parmesan if desired.
One Pot Tomato Basil Pasta
This one pot wonder will leave everyone wanting a second serving. It’s a quick fix that doesn’t make a big mess and takes less than half an hour to prep and cook.
Pour vegetable broth in a large stock pot, and add pasta, onion, tomatoes and garlic. Sprinkle the oregano and pepper on top and drizzle with olive oil. Cover and bring to a boil. Reduce heat to low and simmer covered for 10 minutes, stirring frequently. Cook until liquid has mostly evaporated and season to taste. Add basil leaves to mixture, top with parmesan and serve.
These easy, delicious, and healthy meals in less than 30 minutes take the stress out of cooking and clean up quickly.