Updated: Friday, February 21, 2020
4 Home Security Features to Increase Safety and Peace of Mind
There are a million scenarios like this each year--in fact, 3.7 million of them. Of these 3.7 million homes with break-ins in the United States, only 17 had some sort of security system in place. How safe are you in your home? Do you have any security features in place to protect you and your family in case of a break-in or other emergency?
If you dont feel safe, and if you dont have any security features in your home, these are some features you might want to consider:
1. A security system.
Its been shown that as the number of home security systems increase in an area, the number of home invasions decrease--and not just for homes with systems, but for the whole neighborhood.
When you choose your security system, there are several types to choose from. But its best to purchase a state-of-the-art home security system service where the latest technology is used to allow you to monitor and control your home security from the convenience of your smartphone. A security system not only protects you when there are break-ins, but it also protects your family if there is a fire or medical emergency.
2. Smart locks.
Smart locks allow you keyless entry into your home, allowing you, your family members, and guests easy access when needed. With a phone or other authorized device such as a key fob, smart locks can be unlocked or locked remotely; and using smart home technology, access can be granted or denied for specific time periods.
This is a great security feature since smart locks take away the need to hide spare keys outside or leave a key with a neighbor. You can always look for a home security service that comes with a smart lock option and wholl install it for you. Youll love the convenience and added security of smart locks.
3. Smart lights.
Smart lights, same as with smart locks, can be managed virtually using similar smart home technology. There are several ways you can use your smart lights. One of the most important ways is to take advantage of the feature allowing lights to be turned on or off even when youre away, giving you added security when you cant be there.
Most break-ins occur when youre away from home, so being able to trick would-be-burglars into believing youre home by randomly turning on different lights and turning off others via your phone is a great way to keep your home safer. Its great when you can piggyback smart lights in with a security system that has this feature.
4. Security cameras.
Security cameras are important for several reasons: they help police solve crimes, they actually deter crimes, and they give you peace of mind.
Through smart home technology, you can strategically place security cameras to remotely view areas in and around your home and make sure everything is as it should be; you can even review old video footage when needed.
Security cameras are great features to add to any home, and security system services often have cameras available as part of their home security packages.
You probably know at least one person who has experienced a home invasion of some sort. It may have even been you. When these traumas hit close to home, we realize how important it is to make sure our homes are as secure and protected as they can be. Its better not to wait until something happens to our home, or worse, someone we know and love, before we take precautions. By getting a home security system, smart locks, smart lights, and security cameras, youll have that added peace of mind that youre doing all you can do to ensure the safety of your household.
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Growing Wealth in the Vacation Rental Market: Advice for First-Time Investors
The Right Spot
First, think like a vacationer. You want a place in a beautiful and easily accessible natural setting, with lots to do and see. For many people, that means the beach. For others, it could be a mountainside cabin. Remember, people are looking for an unforgettable experience, a vacation theyll reminisce about for years. That makes the location an important factor.nbsp;
Do your research, as buying in an area where demand is low could leave you with high vacancy rates, which will certainly cut into your profits. When you find a place you like, consider spending a few days there to assess what the place has to offer. Youll want to be able to tell potential guests that theres lots to do and plenty of good places to eat.nbsp;nbsp;nbsp;
If youre located far away from your vacation home, you may not be able to handle routine maintenance and guest support. In this case, youll likely need to hire a property manager. Many property management companies offer online booking, hire maid services to clean your home in between guests, and provide 24/7 support.nbsp;
Assess Your Financial Situationnbsp;nbsp;
Review your financial picture, paying special attention to your income, debt-to-income DTI ratio, and credit score. Youre basically taking on a second mortgage, and that can be an overwhelming prospect for someone whos not well-positioned financially. Your credit and debt picture will have a lot to do with the kind of loan youre able to secure. A disadvantageous loan will ultimately work against your profit potential. And youll need an adequate cash reserve on hand in case you lose income due to job loss, illness or injury.
Best Loan Options
Conventional loans are often the best option for an investment property because theyre >
Show Lenders an Appealing Financial Picture
Having a plentiful supply of cash is one of the best ways to show lenders youre a good candidate for a loan. As with any real estate purchase, the more you can put down up front, the better the terms you can expect on your loan. An investment property mortgage will require at least a 20 percent down payment approximately half of all vacation property buyers made a down payment of at least 30 percent in 2017. Its an option well worth considering because paying at least 20 percent up front means youll avoid paying private mortgage insurance.nbsp;nbsp;
The Tax Factor
Even an inexperienced investor understands about property taxes and knows to factor it into expenses. However, if youre a first-timer, you may not be familiar with lodging taxes, which are required in many places. In such locations, its the landlords responsibility to collect lodging taxes on the rents they charge. As a landlord, you dont pay lodging tax yourself, but you do have to account for taxes from your guests, so be sure youre charging enough to account for it. A busy landlord may find it difficult to monitor and account for lodging taxes from each guest. Fortunately, there are tax management services that can help.nbsp;
A vacation rental property can be an excellent investment for a novice looking for ways to generate wealth. Growth in the short-term rental market and the desirability of a temporary vacation home rather than a hotel room make it a profitable investment.
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Ask The HOA Expert: Can The Board Modify Architectural Design Policy?
Answer: This kind of policy is generally amendable by the board when its in resolution form a separate document outside the recorded governing documents. If the policy is part of the governing documents, a vote of the members is needed. But even if the board has the authority to amend, it is strongly recommended that proposed amendments be circulated to the members for comment prior to voting to enact them. A 30 day review is not going to make much difference in the long run and members will be more likely to comply when theyve had a chance to be heard.
Question: Does a director of the board have the authority to give a power of attorney to another person to act on his/her behalf?
Answer: No. Directors are elected by the members and cannot give that authority to another person.
Question: We have a board member who argues that damage done to the interior of a condo unit from a roof leak is the responsibility of the homeowner association. I have been telling the board that the HOA is not responsible for the interior damage unless the board does not address the roof leak in a timely manner. Whos right?
Answer: Technically, this board member is correct. When HOAs purchase insurance for the structures, that insurance extends to the units themselves. However, the governing documents often has or the board can establish a requirement for unit owners to carry insurance for their individual units and be the primary insurance in the event of a claim, regardless of the source of the problem kitchen fire, toilet overflowing, flooding from the upstairs unit, sprinkler system leaks leaks through foundation, etc..
This kind of policy is necessary to protect the HOAs insurability. If every unit owner was allowed to file claims against the HOAs insurance, it would not be long before the HOAs insurance would be cancelled due to excessive claims or the premium increased beyond affordability. Spreading the risk out to unit owners keeps the HOAs insurability viable.
Question: What can be done about a board member that slanders another board member? He not only does it at meetings but spreads his accusations around the neighborhood.
Answer: It is inappropriate and divisive for a board member to engage in character assassination. The remaining directors should take action to rein him in in a diplomatic but firm way. The director with the best rapport with him should have a heart to heart with him and explain the damage that is being done. Insist that he keep such personal opinions to himself.
While the board doesnt have the authority to remove a rogue director from the board only the members do, the board can remove a director from his office President, Treasurer, Secretary if he has one. That may be necessary to make the point.
Question: Our HOA has many residents that leave trash receptacles out long after trash pick-up day. It makes the HOA look shoddy. What can we do?
Answer: Most HOAs have a requirement that trash receptacles are only allowed out on pick up day and need to be stored out of sight within 24 hours. This is both reasonable and desirable from a curb appeal standpoint.
Question: Our HOA has a member that is a chronic offender of rules. How should the board deal with this?
Answer: Three special "scofflaw" penalties come to mind: caning, tarring and feathering, and the stock and pillary. But seriously, rules that carry no penalties are useless. If you need a rule, it needs an effective enforcement mechanism in the form of a fine significant enough to get noticed. Scofflaws often refuse to pay fines so failure to pay them must be treated the same way as failure to pay regular HOA fees. Process them through the normal collection process. Eventually, even the most persistent scofflaw will come to understand the price of being a jerk.
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