The Importance of Hiring a Property Management Company

In this age of independence and mindset that one can manage on his own, it is inevitable that a property owner would think he will do fine on his own. Sure, you got tenants who at first, pay on time until gradually they won’t, some will breach the contract and lease terms, then they cause problems with the neighbors and other tenants, then slowly you will notice you are losing money and when you decide to evict the tenant, next thing you know, you have a lawsuit at your doorstep.

The reality is if you use the services of a professional property management company, not only do you have peace of mind, your investment is protected and the consistent cash flow you receive through rent can assist you to buy additional investment properties.

This is why you need the assistance of a property management company, but before that, we will determine the pointers on why it is important to hire one.

Determining the Worth of Your Property

The problem with inexperienced owners is that sometimes they get overwhelmed on how they price their property to the market: oversell and you have to deal with the high vacancy rate with no profit, undersell and you will realize you are slowly losing profit. This is where a property management company comes in, they will help you determine a balanced meal where you gain tenants and continue to rake in profit.

A property management company is also well-versed in marketing your property and placing ads where it will attract tenants. They will answer any inquiry and they know what entices a prospective tenant, therefore will help you point out some cosmetic improvements so that the tenants will feel that renting your property is worthy of their money.

Avoiding Major Problems with Tenants

Screening tenants would not be one of your problems anymore because the property management company will take care of it. They know too well how to check the background of the interested tenants, their criminal records, their relationship with previous property owners and if they have ever caused problems before. Think of it as helping you weed out the bad ones for a healthy and bountiful crop.

Collecting rents is the most common problem in renting out your property. When left to your own devices, having your tenants pay you on time will become a child’s play of hiding and seek between them and you as the property owner, certainly some tenants will tug at your heartstrings and gain your sympathy with the hope that you will let them get away with it. A property management company, however, will become the middleman who will ensure that the tenants abide by the lease terms and should understand that they are just doing their job for you, keeping your cash flow consistent.

Maintenance

When a tenant has reached the end of the contract, the grueling process of turnover will usually keep you busy as a property owner, but with a property management company by your side, that is another pile of stress that will be taken care of. Any deductions from the security deposit will be made and returned to the tenant, and the restoration process of repairing any damages, repainting, changing locks and cleaning the property would be done without getting your own hands dirty.

As a property management company, expect that they know the right people to contact should there be any problems with leaks, wiring, and plumbing experienced by the tenants and their dilemmas will be addressed promptly.

Saving Time and Money

A successful businessman knows that delegating tasks is key for a successful business so that one can have more time to deal with other business ventures. With almost everything being taken care of, it seems like the only thing left to do is to visit your property at a certain time interval and continue to rake in profit while having more time to spend it with your family, social life, other priorities, and investments.

IN CONCLUSION

Hiring a property management company takes care of the burden for you, especially if you are well aware that marketing, confronting tenants with late payments and handling maintenance are not your strongest points especially if managing your property is not the only priority you have in your busy life. Therefore delegating this task to a reliable property management company may just be one of the best decisions you have ever made.

Find the Right Expert to Repair Your Pipes

Verify who is available in your area offering such services. Many of them are able to handle the challenges of both large and small jobs. They have the expertise and equipment to handle various needs as well as various types of pipe materials. They also have the knowledge to properly assess what is taking place to give you options for the best long-term outcome.

Reputation Matters

Since pipe repair services are often in need, you won’t struggle to find information others have shared. Those reviews from other customers can get you pointed in the right direction. They will share who they hired, what they were happy with, any concerns, cost, and other details. You can get indicators about who you can trust and who you need to avoid hiring for the job.

Once you have some ideas, make some calls and check out their website details. This will share with you where they are located, what they offer, and the types of services they are able to consider for various jobs. Make an appointment for them to come to your location and survey your needs. They can talk to you, look at the pipes, and give you an idea of the process.

Ask Questions

You may not know much at all about pipe repair, but that doesn’t mean you shouldn’t ask questions. Ask them to explain what various techniques entail and why they recommend them. Ask them about warranty information on the labor as well as on the parts they put into place. Some of the options such as CIPP can last for decades as well as increase overall flow.

The provider of pipe repair should be willing to answer your questions in terms that you can understand. If you feel they are pressuring you to hire them or they talk in business lingo, bypass them for another provider. You need someone you can communicate well with and you trust to be in your corner. You don’t want to have regrets when the work is done and it is time to pay.

Timeframe

During the consultation, the pipe repair provider should be able to provide you with an estimate timeframe for the work. This includes when they can fit you into their schedule, the time for the work to be done, and any other concerns. Depending on the project, they may need to order materials so that plays a role in when they can get started.

Cost

The final cost of the work should be broken down for you before you hire them. Obtain the estimate in writing so you know what you can expect. You don’t need any surprises that stress you out financially! The estimate should have a cost for the labor, a cost for materials, and then a total price. If you agree to it and what you believe the provider offers, hire them for pipe repair.

Don’t ignore the problem as it isn’t going to get better on its own. Instead, it is just a matter of time before you have as serious issue on your hands. It will cost far more if you wait than if you get it all in motion to have repairs done early on.

Slot Machines – Where We Were, Where We Are, and Where We’re Going

Where We Were

Charles Fey invented the slot machine in the 1890′s. He probably never envisioned that his creation called the “Liberty Bell” would evolve into the most popular form of casino gambling today.

The slot evolution however had a lot of growing pains as many in the United States viewed gambling as a social ill. By 1910 all legal gambling activity was shut down,which left horse racing as the only legal entity in America.

During the 1920′s prohibition era, the public’s thirst for gambling matched that of booze. Slot machines along with alcohol were found in “Speak Easy’s” throughout America, many of them controlled by Organized Crime. After prohibition ended underground casinos remained active.

States began to crack down on illegal casinos and began to seize and destroy gambling equipment, including slot machines. Mayor LaGuardia of New York City called them “mechanical pick pockets”, destroyed them with a sledge hammer, and dumped them into Long Island Sound. (You can watch the action on YouTube.)

In 1931 Nevada legalized gambling. Slot machines populated the floor in the states’ casinos but were there only to amuse the wives and mistresses playing their pennies and nickles while the men did all the heavy gambling at the tables. (A portrayal of this is depicted in the 1952 movie, “The Las Vegas Story” with Vincent Price, Victor Mature, and Jane Russel.) Slots remained a “ladies” game until Atlantic City legalized gambling in 1978.

Bally Manufacturing invented a unit powered by electricity and slots began to “light up” and produce various sound effects. When multi-coin acceptors were introduced, new dollar machines meant larger jackpots for customers. When the Random Number Generator was invented top prize amounts could be increased on four and five reel versions. A spin button became an alternative to the handle.

The Indian Gaming Act was approved in the 1980′s which allowed casinos on reservation land and newly legislated dockside riverboat gambling attracted new slot players while racetracks added the one arm bandits..

IGT launched Megabucks in 1986 and slots were now linked across Nevada by phone lines offering a giant lottery size jackpot that grew with each coin wagered. The Progressive Jackpot was born and players could now become millionaires. Players began abandoning the table games, flocked to the machines and casinos took notice.

Where We Are

The proliferation of slots paved the way for new inventions. A video slot with 25 lines, up to a bet of 10 credits per line allowed for a ticket in, ticket out, (TITO) system. The coins and the handles followed the dinosaurs.. Operators could now lower the denominations to as little as a penny and still turn a profit.

In the new century slot makers were quick to promote the themed slot, units based on popular movies, TV shows and entertainers. Players could now spin the Wheel of Fortune, giggle at Curley, Larry, and Moe, take a ride with Captain Kirk, or croon over Ol’ Blue eyes. All the games have video clips from favorite shows.

The themed slots have evolved to 5 video reels with up to 40 lines. Chairs have comfortable high backs, and some even vibrate when certain bonus features are hit. Touch screens have the latest LCD technology, 3D graphics and Bose sound systems as they continue to evolve. Depending on the game theme, players can wager as little as one penny(credit) per line up to $2, $3, and $4 maximums. Bonus features offer generous payouts while progressive jackpots climb to six and seven figures.

Newer games saw the introduction of CSI, Sex and the City, Iron man, Michael Jackson, David Copperfield, The Walking Dead, Back to the Future, Jurassic Park, Wonder Woman, Ellen, Let’s Make a Deal, the Godfather, Monopoly, and The list goes on and on.

Where We’re Going

The themed slot will no doubt continue to grow. However there’s a huge segment of casino patrons looking for something different. They are the Millennials.Born in the early 1980′s to the late 1990′s who grew up playing video games. Casinos took notice that this generation didn’t care to sit in front of a machine that did all the work for them in order to win. They want to be involved to make it happen. This led to the introduction of Games of Skill at the 2016 Global Gaming Expo in Las Vegas.

Two companies, GameCo and Gamblit Gaming introduced their wares at the expo and by all accounts, things look very promising. Other companies, Konami and Scientific Games are creating their own versions to attract the Gen Y’s. Other companies will soon follow.

Some of the games are based on poker where a limited number of players use their skill to grab the cards they need. In another game players have to collect rare treasures in Pharaoh’s Secret Temple before time is up.

WhatsApp, iMessage, and Snapchat Attacked Because of Their Encryption

You can not realistically ban encryption. Encryption is used to protect communication through electronic devices; it protects your bank information and online accounts. This is cryptography, it is used in hundreds of systems. We have politicians speaking about banning these technologies. How can this be? British Prime minister David Cameron has raised a red flag on encrypted messaging apps like WhatsApp, iMessage, and Snapchat. He has called for the banning of these apps; implying that they are being used by criminal organizations and terrorists to communicate.

“In our country, do we want to allow a means of communication between people which we cannot read?”, rhetorically said by the Prime Minister

With this sort of logic I am going to go as far as to say; we should leave our houses and cars unlocked; and valuables left unguarded in public spaces because surely it would be much simpler to catch thieves and put them in prison.

Security is not just for what the social norm calls the “good guys”. It is a two way street. I would rather have peace of mind that my data is being protected so well; to the point that Government officials can not tap into it. Think about the various ways this could go wrong. Imagine corrupt politicians with access to data or just consider that lightening up on security measures, will make it easier for the average hacker to gain access.

Computer scientists have spoken out on the futility of weakening encryption; so only Government officials have access.This same weaknesses can be exploited by malicious hackers. This view is held by many computer experts actively in the field.

A few months back a ban was called on WhatsApp in the UK; it has recently been dropped because of mass criticism. But this can of worms has not been closed just yet. This has just pushed the issue to other parts of the world; where they can theoretically gain some traction and spread. India has a ban on certain types of encryption. WhatsApp uses end to end encryption; which is illegal in India. WhatsApp uses a 256bit encryption which is only known by the sender and the receiver. India only allows 40bit encryption if you want to have permission you need to apply through the Government. The Indian Government has asked for the keys to be able to gain access; but WhatsApp creators have said they do not have them. So all user using the latest version of WhatsApp in India are technically breaking the law. No actions have been decided on what to do with the company; they are not based in India making things complicated. Recently Brazilian authorities have been reported to have been reported to be collecting WhatsApp data with the hopes of fighting drug tracking. WhatsApp has been cooperating with law enforcement; but have gone on to say that they cannot provide the full extent of what they want. We are just uncovering what’s on the surface; do some research on what your local Government and even internet service providers are doing; and what data they are doing with this data.