#benefits of multi family investing

[aarcstone]

Opportunity Zones: Unlocking Tax Benefits and Community Development

Introduction

Opportunity Zones are one of the most significant and impactful tax incentives created to encourage investment in economically distressed areas in the United States. Introduced as part of the Tax Cuts and Jobs Act of 2017, these zones offer substantial tax benefits to investors while promoting community development and revitalization. This blog will explore the intricacies of Opportunity Zones, their tax benefits, and their role in fostering community development.

Understanding Opportunity Zones

Definition and Purpose

Opportunity Zones are designated census tracts identified by the state governors and certified by the U.S. Department of the Treasury. These zones aim to spur economic growth and job creation in distressed communities by attracting private investment. The primary purpose is to channel long-term investments into areas that have historically faced economic challenges, thereby stimulating economic activity and improving the quality of life for residents.

Designation Process

The process of designating Opportunity Zones involved state governors nominating eligible census tracts, which were then certified by the Treasury Department. To qualify, a census tract had to meet certain criteria based on poverty rates and median family income. As a result, over 8,700 Opportunity Zones were designated across all 50 states, the District of Columbia, and five U.S. territories.

Tax Benefits of Investing in Opportunity Zones

One of the primary attractions of Opportunity Zones is the array of tax incentives they offer to investors. These incentives are designed to encourage long-term investments by providing substantial tax advantages.

Deferral of Capital Gains

Investors can defer paying capital gains taxes on the sale of an asset if the gains are reinvested in a Qualified Opportunity Fund (QOF) within 180 days. This deferral lasts until the earlier of the date the investment in the QOF is sold or exchanged, or December 31, 2026.

Reduction of Deferred Gains

If the investment in the QOF is held for at least five years, investors can benefit from a 10% exclusion of the deferred gain. If held for at least seven years, the exclusion increases to 15%. This reduction in deferred gains effectively lowers the amount of capital gains tax owed.

Elimination of New Gains

Perhaps the most compelling tax benefit is that if the QOF investment is held for at least ten years, any gains accrued from the QOF investment are exempt from federal capital gains tax. This means that after a decade, investors can potentially pay zero capital gains tax on the appreciation of their investment in the Opportunity Zone.

Types of Investments in Opportunity Zones

Investors can choose from various types of investments within Opportunity Zones, each offering unique opportunities and challenges.

Real Estate Investments

Investing in real estate within Opportunity Zones is one of the most common strategies. This can include:

Residential Developments: Building new housing or rehabilitating existing properties to meet the demand for affordable housing.

Commercial Properties: Developing office spaces, retail centers, or industrial facilities to attract businesses and create jobs.

Mixed-Use Projects: Combining residential, commercial, and recreational spaces to create vibrant, sustainable communities.

Business Investments

Opportunity Zones also provide a fertile ground for investing in businesses. This can involve:

Startups and Small Businesses: Supporting local entrepreneurs and startups to drive innovation and job creation.

Expanding Existing Businesses: Helping established businesses in Opportunity Zones to grow and expand their operations.

Community Development and Impact

The primary goal of Opportunity Zones is to foster community development and improve the quality of life for residents in distressed areas. Understanding the potential impact of these investments is crucial for both investors and community stakeholders.

Economic Growth

Investments in Opportunity Zones can stimulate local economies by:

Creating Jobs: New businesses and real estate projects generate employment opportunities for local residents.

Increasing Property Values: Revitalization efforts can lead to increased property values, benefiting homeowners and the local tax base.

Attracting Additional Investment: Successful projects can attract further investment, creating a positive feedback loop of economic growth.

Social Benefits

Beyond economic growth, Opportunity Zones can provide significant social benefits, such as:

Improved Infrastructure: Investments can lead to better roads, public transportation, and utilities, enhancing the overall quality of life.

Access to Services: New developments can bring essential services like healthcare, education, and retail closer to residents.

Community Empowerment: Engaging local residents in the planning and development process can empower communities and foster a sense of ownership and pride.

Best Practices for Investing in Opportunity Zones

For investors looking to maximize the benefits of Opportunity Zones while ensuring positive community impact, several best practices should be considered.

Conduct Thorough Due Diligence

Assess the Market: Understand the economic and demographic trends in the Opportunity Zone.

Evaluate the Project: Carefully evaluate the feasibility and potential returns of the investment project.

Engage Local Stakeholders: Collaborate with local community leaders and residents to ensure the project meets their needs and has their support.

Focus on Long-Term Impact

Sustainable Development: Prioritize projects that promote sustainable development and long-term community benefits.

Job Creation: Invest in projects that create quality jobs for local residents, fostering economic stability and growth.

Community Involvement: Involve the community in the planning and development process to ensure their needs and concerns are addressed.

Leverage Professional Expertise

Legal and Tax Advisors: Work with legal and tax professionals to navigate the complex regulations and maximize tax benefits.

Development Partners: Partner with experienced developers and operators who have a track record of successful projects in distressed areas.

Conclusion

Opportunity Zones offer a unique and powerful tool for unlocking tax benefits while driving community development and revitalization. By understanding the tax incentives, types of investments, and best practices, investors can make informed decisions that not only provide financial returns but also contribute to the economic and social well-being of distressed communities. As Opportunity Zones continue to evolve, their potential to transform America's most challenged areas remains a compelling prospect for both investors and community advocates.

[dxeproperties]

Passive Real Estate Investments | 1031 Exchange | DXE Properties

DXE Properties is a value-oriented passive real estate investments company providing commercial acquisition and asset management services. Maximize Returns with 1031 Exchange.

[reasonsforhope]

"When Francois Beyers first pitched the concept of 3D ocean farming to the Welsh regulators, he had to sketch it on napkins. 

Today the seafood farm is much more than a drawing, but if you walked along the Welsh coastal path near St David’s, all you’d see is a line of buoys. As Beyers puts it: “It’s what’s below that’s important.”

Thick tussles of lustrous seaweed suspend from the buoys, mussels cling to its furry connective ropes and dangling Chinese lantern-esque nets are filled with oysters and scallops. 

“It’s like an underwater garden,” says Beyers, co-founder of the community-owned regenerative ocean farm, Câr-y-Môr. The 3-hectare site is part of a fledgling sector, one of 12 farms in the UK, which key players believe could boost ocean biodiversity, produce sustainable agricultural fertiliser and provide year-round employment in areas that have traditionally been dependent on tourism. 

Created in 2020 by Beyers and six family members, including his father-in-law – an ex-shellfish farmer – the motivation is apparent in the name, which is Welsh for “for the love of the sea”. ...

Pictured: Drone shot of Câr-y-Môr, which is on the site of abandoned mussel farms. Image: Scott Chalmers

Ocean farming comes from the technical term ‘integrated multi-trophic aquaculture’, which means a mixture of different seaweed and shellfish species growing together to mutually benefit each other. But it’s not just a way of growing food with little human input, it also creates ocean habitat. 

“You’re creating a breeding ground for marine animals,” explains Beyers who adds that the site has seen more gannets diving, porpoises and seals – to name a few – since before the farm was established.

Ocean farms like Câr-y-Môr, notes Ross Brown – environmental research fellow at the University of Exeter – have substantial conservation benefits.

“Setting up a seaweed farm creates an exclusion zone so fishermen can’t trawl it,” explains Brown, who has been conducting experiments on the impacts of seaweed and shellfish farms across the UK. 

Brown believes a thriving ocean farming industry could provide solutions to the UK’s fish stock, which is in “a deeply troubling state” according to a report that found half of the key populations to be overfished. “It would create stepping stones where we have safe havens for fish and other organisms,” he adds. 

But UK regulators have adopted a cautious approach, note Brown and Beyers, making it difficult for businesses like Câr-y-Môr to obtain licenses. “It’s been a tough old slog,” says Beyers, whose aim is to change the legislation to make it easier for others to start ocean farms. 

Despite navigating uncharted territories, the business now has 14 full-time employees, and 300 community members, of which nearly 100 have invested in the community-benefit society. For member and funding manager Tracey Gilbert-Falconer, the model brings expertise but most importantly, buy-in from the tight-knit local community. 

“You need to work with the community than forcing yourself in,” she observes. 

And Câr-y-Môr is poised to double its workforce in 2024 thanks to a Defra grant of £1.1 million to promote and develop the Welsh seafood industry as part of the UK Seafood Fund Infrastructure Scheme. This will go towards building a processing hub, set to be operational in April, to produce agricultural fertiliser from seaweed. 

Full of mineral nutrients and phosphorous from the ocean, seaweed use in farming is nothing new, as Gilbert-Falconer notes: “Farmers in Pembrokeshire talk about their grandad going down to the sea and throwing [seaweed] on their farms.” 

But as the war in Ukraine has caused the price of chemical fertiliser to soar, and the sector tries to reduce its environmental impact – of which synthetic fertiliser contributes 5% of total UK emissions – farmers and government are increasingly looking to seaweed. 

The new hub will have capacity to make 65,000 litres of sustainable fertiliser annually with the potential to cover 13,000 acres of farmland. 

But to feed the processing hub, generate profit and reduce their dependency on grants, the co-op needs to increase the ocean farm size from three to 13 hectares. If they obtain licences, Beyers says they should break even in 18 months. 

For now, Beyers reflects on a “humbling” three years but revels in the potential uses of seaweed, from construction material to clothing.  

“I haven’t seen the limit yet,” he smiles."

-via Positive.News, February 19, 2024

[batboyblog]

Things the Biden-Harris Administration Did This Week #34

Sep 13-20 2024.

President Biden announced $1.3 billion in new funding for Historically Black Colleges and Universities. The Biden-Harris Administration has already invested a record breaking $17 billion in HBCUs since the President took office. HBCUs represent an important engine for making black professionals. 40% of all Black engineers, 50% of all Black teachers, 70% of all Black doctors and dentists, 80% of all Black judges, and the first black Vice-President, Kamala Harris, are HBCU graduates. HBCUs have also been proven to be far better at boosting the long term economic prospects of graduates than non-HBCU colleges. The bulk of the new funding will go directly to supporting students and helping them pay for college.

The Department of Transportation celebrated 60,000 infrastructure projects funding by the Biden-Harris Bipartisan Infrastructure Law. This landmark is a part of the Biden-Harris team's effort to address America's long neglected infrastructure. From major multi-state projects to small town railway crossings every project was lead by a local community in need not a make-work project dreamed up in Washington

The Department of Energy announced over 3 billion dollars to support the battery sector. The 25 projects across 14 states will help support over 12,000 jobs. Advanced battery technology is key to the shift to a carbon energy free economy. The move is meant to not only boost battery production but also shift it away from China and toward America.

Maine and Rhode Island both launched a partnership with the federal government to help save low income families money on their utility bills. The program offers low and moderate income households aid in updating wiring, switching to energy efficient appliances, and installing heat pumps.

The EPA announced $156 million to help bring solar power to low-income New Mexico residents. This is part of the Biden-Harris Administration’s "Solar for All" project aimed at helping low-income people afford the switch over to solar power. It's expected that 21,750 low-income households in New Mexico will benefit from the money. New Mexicans can expect to save over the next 20 years $311 million in energy costs.

The Department of The Interior announced the first ever leases for wind power in the Gulf of Maine. The leases for 8 areas off the coast of Massachusetts, New Hampshire, and Maine will be sold in late October. The Department believes that once developed the wind power from these leases could produce 13 gigawatts of clean offshore wind energy, enough to power 4.5 million homes. When added to the 15 gigawatts already approved by the Biden-Harris team it brings America close to Biden's 30 gigawatts of clean offshore wind power by 2030.

The Senate approved the appointment of Kevin Ritz to the Court of Appeals for the Sixth Circuit, which covers Kentucky, Michigan, Ohio, and Tennessee. The Senate also approved Mary Kay Costello and Michelle Williams Court to district court judgeships in Pennsylvania and California respectively. Costello is the 12th LGBT judge appointed by President Biden, making him the President to appoint the most LGBT people to the federal bench more than during Obama's 8 years. President Biden has also appointed more black women, such as Judge Court, to the bench than any other President. Judge Court also represents President Biden's move to appoint civil rights attorneys to the bench, Court worked for the ACLU in the mid-90s and was a civil rights expect at HUD in the early 2000s. This brings the total number of judges appointed by Biden to 212.

[inqilabi]

I think people misunderstand marxism / communism and I don't blame them. In the dominant public perception it's just a mix of vague leftist principles. And I do think that the ruling class did a great job at blurring the lines between actual Marxism and what is their own ideology - liberalism, through academia and involvement in "revolutionary politics" themselves. Yes the ruling class was very much involved in civil rights movement and onwards. The woke capitalist politics you see today are not a co-optation. It is the ideology of the bourgeoisie. The bourgeois is very much "revolutionary" in their optics.

So the writers strike of Hollywood eg. People think that this is what a leftist revolutionary strike looks like. No. Hollywood is an arm of empire. So from a Marxist pov these are petty bourgeois or labor aristocracy (the folks who benefit from imperialism) fighting for top dollar wages (which itself extracted from imperialism ie dollar hegemony).

In the north america, marxism would look like reinvestment in production. Since imperialism resulted in deindustrialization. Hence the entire economies of US and Canada are service based. Not based in productive output. So this means investment in agriculture, industry, infrastructure. Labor. This is usually your American that is not urban. It's the rural folks doing productive labor. These are the people when they strike will strike fear. Like the UPS strike.

Also tax the rich is a useless phrase. Taxing the rich wouldn't do anything. That's just even more powerful ruling class families making a couple of multi-millionares into a scapegoat for public placation. China has billionaires ever since market reforms but they answer to and are beholdened to the party. Taxing isn't the answer. It's a total overhaul of production and who owns they production.

[robertreich]

The Dark Side of Sports Stadiums

Billionaires have found one more way to funnel our tax dollars into their bank accounts: sports stadiums. And if we don’t play ball, they’ll take our favorite teams away.

Ever notice how there never seems to be enough money to build public infrastructure like mass transit lines and better schools? And yet, when a multi-billion-dollar sports team demands a new stadium, our local governments are happy to oblige.

A good example of this billionaire boondoggle is the host of the 2023 Super Bowl: State Farm Stadium.

That's where the Arizona Cardinals have played since 2006. It was finally built after billionaire team owner Michael Bidwill and his family spent years hinting that they would move the Cards out of Arizona if the team didn't get a new stadium. Their blitz eventually worked, with Arizona taxpayers and the city of Glendale paying over two thirds of the $455 million construction tab.

And State Farm Stadium is not unique. It’s part of a well established playbook.

Here’s how stadiums stick the public with the bill.

Step 1: Billionaire buys a sports team.

Just about every NFL franchise owner has a net worth of over a billion dollars — except for the Green Bay Packers, who are publicly owned by half a million cheeseheads.

The same goes for many franchise owners in other sports. Their fortunes don’t just help them buy teams, but also give them clout — which they cash-in when they want to get a great deal on new digs for their team.

Step 2: Billionaire pressures local government.

Since 1990, franchises in major North American sports leagues have intercepted upwards of $30 billion worth of taxpayer funds from state and local governments to build stadiums.  

And the funding itself is just the beginning of these sweetheart deals.

Sports teams often get big property tax breaks and reimbursements on operating expenses, like utilities and security on game days. Most deals also let the owners keep the revenue from naming rights, luxury box seats, and concessions — like the Atlanta Braves’ $150 hamburger.

Even worse, these deals often put taxpayers on the hook for stadium maintenance and repairs.

We taxpayers are essentially paying for the homes of our favorite sports teams, but we don’t really own those homes, we don’t get to rent them out, and we still have to buy expensive tickets to visit them.

Whenever these billionaire owners try to sell us on a shiny new stadium, they claim it will spur economic growth from which we’ll all benefit.  But numerous studies have shown that this is false.

As a University of Chicago economist aptly put it, "If you want to inject money into the local economy, it would be better to drop it from a helicopter than invest it in a new ballpark."

But what makes sports teams special is they are one of the few realms of collective identity we have left.

Billionaires prey on the love that millions of fans have for their favorite teams.

This brings us to the final step in the playbook: Threaten to move the team.

Obscenely rich owners threaten to — or actually do — rip teams out of their communities if they don’t get the subsidies they demand.

Just look at the Seattle Supersonics. Starbucks’ founder Howard Schultz owned the NBA franchise but failed to secure public funding to build a new stadium. So the coffee magnate sold the team to another wealthy businessman who moved it to Oklahoma.

The most egregious part of how the system currently works is that every dollar we spend building stadiums is a dollar we aren’t using for hospitals or housing or schools.

We are underfunding public necessities in order to funnel money to billionaires for something they could feasibly afford.

So, instead of spending billions on extravagant stadiums, we should be investing taxpayer money in things that improve the lives of everyone — not just the bottom lines of profitable sports teams and their owners.  

Because when it comes to stadium deals, the only winners are billionaires.

[conroennews]

Conroe’s Big Break: New Developments Shaping the City’s Future

In recent weeks, Conroe, Texas, has been abuzz with a series of significant events and announcements that are poised to reshape the city’s landscape and future. From new infrastructure projects to cultural initiatives, these developments reflect Conroe’s growth and ambition as it strides confidently into the future. Here’s a roundup of the latest conroe tx breaking news that’s capturing the community’s attention.

1. Major Infrastructure Project to Enhance City Connectivity

One of the most anticipated developments in Conroe is the announcement of a major infrastructure project aimed at improving city connectivity and traffic flow. The City of Conroe has unveiled plans for a new highway extension that will link the northern and southern parts of the city, significantly reducing travel time and easing congestion. This multi-million-dollar project is expected to begin construction in early 2025 and will involve widening existing roadways, creating new lanes, and integrating advanced traffic management systems.

Local officials are enthusiastic about the project, noting that it will not only enhance transportation efficiency but also stimulate economic growth by attracting new businesses and residents to the area. The extension is projected to create numerous jobs during construction and bring long-term benefits to the community.

2. Conroe's Revitalization of Downtown: A New Era for Local Businesses

Downtown Conroe is undergoing a renaissance that promises to breathe new life into the heart of the city. The Conroe Downtown Revitalization Initiative, recently launched by the city council, aims to restore historic buildings, enhance public spaces, and support local businesses. This initiative includes plans for new pedestrian walkways, improved street lighting, and the addition of green spaces that will make the downtown area more vibrant and inviting.

The revitalization project has garnered widespread support from local business owners and residents, who are excited about the potential to attract more visitors and create a thriving commercial district. The initiative also includes grant programs for small businesses and incentives for property owners to invest in renovations.

3. Conroe Arts and Culture Expansion: New Venue and Programs Announced

Conroe’s commitment to the arts is evident in its latest announcement of a new cultural venue. The Conroe Arts Center, set to open in late 2025, will provide a state-of-the-art space for performances, exhibitions, and community events. This new venue will feature an auditorium, gallery space, and flexible event areas, catering to a diverse range of artistic and cultural activities.

In addition to the new facility, the Conroe Arts Council has unveiled a series of new programs aimed at fostering local talent and engaging the community. These programs include workshops for aspiring artists, regular art exhibitions, and partnerships with local schools to integrate arts education into the curriculum.

4. Green Spaces Initiative: Conroe’s Commitment to Sustainability

As part of its ongoing commitment to environmental sustainability, Conroe has introduced a Green Spaces Initiative designed to expand and enhance the city’s network of parks and recreational areas. This initiative includes the creation of several new parks, the expansion of existing ones, and the implementation of eco-friendly practices such as native plant landscaping and water conservation measures.

The initiative also focuses on improving accessibility and inclusivity, with plans for new playgrounds, walking trails, and picnic areas that cater to families and individuals of all ages. By increasing green spaces, Conroe aims to provide residents with more opportunities for outdoor recreation and contribute to the overall well-being of the community.

5. Education and Workforce Development: New Programs and Facilities

Conroe is also making strides in education and workforce development with the launch of several new programs and facilities. The Conroe Independent School District (CISD) has announced the construction of a new high school, designed to accommodate the growing student population and offer cutting-edge facilities for academic and extracurricular activities.

Additionally, Conroe’s workforce development efforts are receiving a boost with the introduction of new training programs and partnerships with local businesses. These programs are focused on equipping residents with the skills needed for in-demand jobs in fields such as technology, healthcare, and manufacturing. By aligning educational opportunities with industry needs, Conroe aims to strengthen its economic base and provide pathways to success for its residents.

6. Public Safety Enhancements: New Initiatives and Resources

In response to the growing needs of the community, Conroe is investing in public safety enhancements to ensure a secure and safe environment for all residents. The Conroe Police Department has announced the expansion of its community policing efforts, which include increased patrols, enhanced crime prevention programs, and new technology to support law enforcement activities.

Furthermore, the city is also investing in state-of-the-art emergency response systems and training for first responders. These efforts are aimed at improving response times and ensuring that Conroe remains a safe and secure place to live and work.

Conclusion: A Bright Future for Conroe

As Conroe continues to grow and evolve, these recent developments reflect the city’s dedication to enhancing the quality of life for its residents and positioning itself as a forward-thinking community. From infrastructure improvements to cultural expansion and sustainability initiatives, Conroe is embracing the future with enthusiasm and determination.

The city’s proactive approach to addressing its needs and seizing opportunities is setting the stage for a vibrant and prosperous future. As these projects come to fruition, Conroe will undoubtedly emerge as an even more dynamic and attractive place to live, work, and explore.

Stay tuned to Conroe local News for the latest updates on these exciting developments and more as Conroe continues to make headlines and shape its future.

[molinabiancavalentina]

MODERN HISTORY

1ST BLOG _The Irvine Company - James Irvine / RELEVANT FIGURE

The Irvine Company is known for its commitment to water conservation and sustainability in its real estate developments. For more than 150 years, The Irvine Company has sought and implemented innovative ways to conserve and protect Irvine's precious water resources at Irvine Ranch. Today, The Irvine Company is a privately held real estate investment company governed by an independent board of directors. The Irvine Company is recognized for its master planning and environmental stewardship of Irvine Ranch in Orange County, including diversified operations throughout coastal California. As you can understand, the James Irvine Organization had a great relevance in the area of water conservation by creating several dams and reservoirs in the various streams of the Irvine Ranch, because of this generous inversion that had a long with it many benefits for the earth and its environment, we must remember that water is an important resource for the environment, so whatever it has positive repercussions on it will be positive in general.

James Irvine was a pioneer of California agriculture, building his family's Southern California ranch into one of the state's earliest and most productive large-scale agricultural enterprises. During the "Great Drought" of the 1860s, James Irvine and three partners purchased the land that would become the Irvine Ranch. Droughts plagued Southern California and the ranch for the rest of the century. Between 1920 and 1940, the Irvine Company spent millions on water development and conservation. This included drilling hundreds of wells and constructing a series of dams and reservoirs on the ranch's various streams. Later, the Irvine Company began widespread use of water-saving fixtures - such as low-flow showerheads and toilets - in homes, hotels, and office buildings in Irvine and elsewhere on the Irvine Ranch. In the 2000s, the use of reclaimed water throughout Irvine was made even more effective by the company's commitment to state-of-the-art irrigation systems that include "smart" irrigation controllers, drip and low-flow water delivery devices, and satellite-based weather data controls, among other technologies.

IMPORTANT PERSON: James Irvine - Bought the land where the Irvine Ranch is located and where the Irvine Company was founded.

The company was founded by James Irvine (Irvine family) and is currently 100% owned by Donald Bren. Because the company is privately held, its financial information is not available to the public. However, Bren is the richest real estate developer in the United States with a net worth of $15.3 billion as of April 2021. But if we must talk about numbers, I will mention some of the people involved in the company, referred to as the “Executive Group”:

Executive Committee: Charles Fedalen Jr, Frank Abeling, Mare Ley and Jonathan Brinsden.

Real Estate Division Executives: Roger DeWames, Ken Gillet, Todd Keller, Alan Parkin, Roger Ploum, Teresa Prestwood and Tom Sullivan.

Corporate Executives: Gino Bianchini, Rob Elliott, Mark Henigan, Paul Hernandez, Jason Maxwell, Bryan Stevens, Darren Thomas, Kevin Wagner and Abe Wong.

The Irvine Company converted the community's irrigation system to recycled water in March, saving an estimated 7.3 million gallons of potable water annually.

The result of this company's actions was that they helped to start recycling water in a high percentage by including it in their multi-family houses, since they are involved in this area, and the water saving forms they included were like an extra benefit.  The impact it had on the level of public service for what they sold was high because it was more convenient and environmentally friendly for the customer who was thinking of buying the commercial properties offered. Since the impact was great, the water conservation started to bring something serious in between people who actually think of acquiring one of their services the company offers.

The relevance that this company has today is that it is concerned that water is not wasted by unconscious people, although this company cannot simply force these people to conserve water, at least they try to give a message of awareness to these people. Currently, water conservation is almost zero, especially in countries like Chad or Angola, because in these countries there is not enough drinking water for all the people who live there, this is where the great benefit that this company gives to the responsible use of water comes in.

For resuming all this relationship between the Irvine Company and water conservation, it's very smart from their part to start this kind of good things since they not only gained more customers and clients but also get benefits from the environment we live since is like we are starting to solve this big problem we all know about water consumption by starting to conserve it. Although this company is not so well known by the young people of today, there is no doubt that the owner of this idea had a very good purpose in risking his money with something that could help save water and reduce the level of waste of this important resource. Really, this is something that the young people of today should admire.

[elsa16744]

What is Private Banking? – Definition and How It Works 

Some people amass significant wealth through business ventures or inherited multi-generational assets. The criteria to categorize them as “high-net-worth individuals” might vary across geographies. However, they require unique financial services like private banking and investment research outsourcing. This post will describe how private banking firms work. 

What is Private Banking? 

Private banking offers numerous wealth management, accounting, risk assessment, financial modeling, and property valuation services customized for high-net-worth individuals (HNWIs). Different firms and banks enable their HNWI clients to create investment strategies using private banking services. 

Relationship managers and private bankers serve clients exclusively, supervising all financial aspects concerning the client’s real estate investments, gold possessions, and investor portfolio. They also monitor how different public policies and market trends affect the risks associated with an HNWI’s wealth. 

Moreover, retirement planning is essential to private banking services because of the distinct lifestyle followed by high-net-worth individuals. Professional firms and private banks also plan the transfer of wealth involving family members, donations, and inheritance. 

How Does Private Banking Work? 

Private bankers and consulting relationship managers are responsible for strategically allocating the capital resources made available by HNWI clients. They can benefit from investment research outsourcing to streamline their portfolio management strategies. 

Each private banking client has 1 million USD as investable assets. Therefore, managing all the financial operations via systematic investment decisions and advanced accounting tools are some essential duties of private banking professionals. 

Their revenue depends on the performance of assets, agreed-upon commission rates, and offered services. When clients have more than 10 million USD, they are Ultra-HNWI. So, more precise risk management and investment research reporting become critical to the financial service providers at a private bank. 

Benefits of Private Banking 

1| Confidential Transactions 

Private banks prioritize protecting the privacy of clients, managers, dealers, and marketing personnel. They allow HNWI to conduct secure transactions involving large sums of money using proprietary mechanisms. 

Remember how celebrities, international sports athletes, and some industrialists prefer personalized treatment while building networks to enhance their social and financial status. They do not want public attention or the retail banking environment to manage their assets. Therefore, privacy is important to them. 

2| Minimized Human Risks and Convenient Access 

HNWI and Ultra-HNWI interact with the relationship manager or private banker who manages all other investment research outsourcing activities and banking interactions. So, wealthy individuals reduce the human risk of intelligence leakage or fraud by letting a single person control their assets on their behalf. 

If an HNWI interacts with multiple people, everyone in the communication chain will know about the HNWI and share this information with third parties. The benefits of private banking services include mitigating such dangers. 

3| Personalized Investment Opportunities 

Private banks offer discounts and other pricing optimizations to ensure that high-net-worth clients stay with them instead of switching to another service provider. For example, private bankers might provide you with more generous interest rates to facilitate a beneficial mortgage. 

Besides, clients engaged in international business are better positioned to acquire advantageous foreign exchange rates. Specialized lines of credit (LOC) can become available to the HNWI using private banks for wealth expansion. 

Conclusion 

Individuals who own investable assets that surpass 1 million USD in valuation reports demand tailored financial products and services. Simultaneously, investment research outsourcing teams assist their relationship managers and private bankers in strategizing portfolio development. 

The service fees charged by private banks vary across wealth reporting, risk management, legal compliance audits, real estate services, and inheritance. However, HNWIs and UHNWIs pay the fees to enjoy the increased privacy and convenience of large transactions. 

A leader in private banking services, SG Analytics supports worldwide private banks in devising research-backed investment ideas and strategies to maximize returns. Contact us today to get extensive insights into coverage expansion and the screening process. 

[growcapitalgroup]

Operational Strategies for Self-Storage Success

To achieve success in the self-storage industry, implementing strong operational strategies is crucial. Here are some key strategies that contribute to self-storage success:

1. Effective Facility Management

Automate Systems: Use management software to automate tenant communication, payments, and occupancy tracking. This enhances efficiency and reduces manual errors.

Onsite and Remote Management: Combine on-site staff with remote management to cut operational costs. Ensure accessibility for customers even during off-hours with automated kiosks or 24/7 access systems.

2. Optimize Pricing and Revenue Management

Dynamic Pricing Models: Use demand-based pricing to adjust rates according to market trends and unit availability. This maximizes revenue during peak seasons and maintains competitiveness during slow periods.

Regular Rate Increases: Gradually increase rents for long-term tenants to align with market rates. Clear communication about the reasons for rent increases helps retain tenants while boosting revenue.

3. Customer-Centric Approach

Exceptional Customer Service: Provide a seamless rental experience by offering easy online booking and responsive customer support. Happy customers are more likely to recommend your facility and stay long-term.

Referral Programs: Offer incentives like discounts or gift cards to existing tenants for referring new customers, enhancing both customer loyalty and occupancy rates.

4. Maximize Occupancy Rates

Targeted Marketing: Use digital marketing strategies such as local SEO, pay-per-click ads, and social media to reach potential renters. Ensure your website is optimized for mobile use and offers easy online reservations.

Seasonal Promotions: Offer discounts or promotions during off-peak seasons to attract new tenants and fill vacant units.

5. Diversify Storage Offerings

Unit Variety: Offer a range of unit sizes to cater to different customer needs, from personal storage to business inventory. Specialized units like climate-controlled storage can command higher rents.

Ancillary Services: Offer additional services like moving supplies, truck rentals, and insurance to create additional revenue streams.

6. Facility Maintenance and Security

Consistent Maintenance: Keep the facility clean, well-lit, and in good repair to maintain a positive image and retain tenants.

Robust Security: Install high-quality security systems, including surveillance cameras, access control, and alarms, to ensure tenant safety and protect stored items. Visible security measures give customers peace of mind.

7. Financial Management

Cost Control: Regularly review operational expenses to identify cost-saving opportunities, such as energy-efficient lighting or remote monitoring systems to reduce staffing needs.

Financial Benchmarking: Compare your financial metrics (occupancy rates, revenue per square foot, etc.) to industry standards to evaluate performance and make data-driven decisions.

8. Focus on Scalability

Expansion Planning: Monitor market demand and be prepared to expand with new units or locations when occupancy rates are high.

Joint Ventures and Partnerships: Consider partnerships with local real estate developers or other businesses to expand your presence in new markets.

Implementing these strategies can significantly improve operational efficiency, customer satisfaction, and profitability in the self-storage business.

[intlstudents]

Office Receptionist

Location

Brampton, ON

 

BenefitsPulled from the full job description

Designated paid holidays

RRSP match

Tuition reimbursement

Full job description

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Dawn Foods is a global leader in bakery manufacturing and ingredients distribution. As the partner of choice for inspiring bakery success, we help customers grow their business through meaningful partnerships, research-driven insights and innovations, and products and expertise they can depend on. As a family-owned company, our commitments to our people, products, customers, and corporate values, are all part of our recipe for success.

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Why work for Dawn Foods?

PEOPLE. PRODUCTS. CUSTOMERS.

Why should you apply? We invest in you!

Industry-leading health insurance after 30 days

Competitive Pay

Generous company retirement benefit contributions

10 Paid Company Holidays

3 weeks of vacation each year

Professional training

Family-owned business over 100 years in service

An opportunity for career advancement, working as part of an empowering workforce

What will you do as an Office Receptionistat Dawn Foods?

Answer all incoming telephone calls, direct appropriately and/or take messages

Meet and greet all visitors and provide assistance as required

Oversee and control all office courier services in accordance with standard operating procedures

Manage incoming and outgoing mail and upkeep of postage equipment

Manage invoices in AP system related to Brampton location

Maintain adequate stock of all office and building supplies and control the supply room.

Assist Customer Service team members when needed.

What Does It Take to be an Office Receptionist at Dawn Foods?

Below are the minimum qualifications to be a fit for this job.

Minimum 1 year of experience in an administrative role

Detail oriented and have the ability to work independently and complete objectives.

High School Diploma or GED.

Ability to multi-task

Maintain confidentiality

Proficient in Microsoft Office, including Excel, Word, PowerPoint, Outlook and Teams.

SAP experience preferred but not required.

Physical Demands & Work Environment

The physical demands described here are representative of those that must be met by a Team Member to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Ability to work in a professional office environment. Will be expected to work onsite.

Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to focus

Note: The level of physical effort may vary from site to site and in some cases be greater or lesser than documented here.

If this sounds like the opportunity that you have been looking for, please click "Apply.”

About Our Benefits

Dawn is proud to employ the top talent in the baking industry, and we reward our people with competitive compensation packages and award-winning benefit offerings. We also help protect our Team Members’ future financial health with a generous RRSP matching program that provide additional retirement funds and many tools and resources on financial wellness. The contributions start from your first pay. Dawn also encourages professional growth through tuition assistance and educational programs, and we are always searching for ways to improve our industry-leading services and benefits.

Compensation: $41,430 - $62,150 Annual Salary

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An Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability, pregnancy, sexual orientation, gender identity/gender expression, citizenship status, military or veteran status, genetic information or any other status or condition that is protected by applicable law.

[beardedmrbean]

I testified Thursday against the City Council Fair Chance for Housing Act, my second time in Council Chambers. The first was in May 2019 when I spoke personally and passionately about protecting New York City’s specialized high schools.

The bill, also known as Int. 632, is another City Council measure designed to protect lawbreakers at the expense of the law-abiding. It would prohibit criminal background checks on prospective tenants and buyers of residential housing.

After testifying, I left City Hall. It wasn’t until hours later that I heard the racist response to my testimony from Douglas Powell, who spoke on behalf of city-funded nonprofit Vocal-NY. He and his organization want individuals such as Powell, who has a criminal record and is a level 2 registered sex offender, to be able to access housing without criminal background checks.

His testimony laid out his criminal-justice experience and his lived experience of anti-black discrimination at Asian stores — culminating in a racist attack on the Asian community where he lives. In his three-minute tirade, he called Queens’ Rego Park the most racist neighborhood because it is majority Asian. “It’s not their neighborhood — they from China, Hong Kong,” he said. “We from New York.” 

Convicted sex offender spews anti-Asian slurs during NYC Council meeting — and pols do nothing to stop him

This anti-Asian, perpetual-foreigner, “You don’t belong here” rhetoric is dangerous hate speech that incites violence. Unprovoked attacks on Asian New Yorkers are on the rise.

Powell’s racist rant was delivered in the presence of three councilmembers without interruption or admonishment. Committee chair Nantasha Williams even thanked Powell for his testimony. It’s as if his anti-Asian hate speech in the chamber was unremarkable white noise. It took hours, after online pressure from constituents, for those present to issue generic disapproval statements, retweeting other electeds’ condemnation, and say “both sides” share blame for systemic racism.

Like many Asian Americans, I am a property owner and small landlord. When I graduated, my parents encouraged me to live at home, pay off my debt and save to buy a property. I lived at home for a few years and paid off my student loans as quickly as I could. Decades later, I bought my first investment property. I rented mostly to young men and women at the start of their careers. As a landlord, I treated my tenants the way I wanted to be treated: fairly and responsively. I’m fortunate real-estate brokers and condo management could conduct criminal and credit checks, not only for my benefit but for the safety of neighbors in the building.

Powell spewed hateful, anti-Asian rhetoric at the council meeting.Stephen Yang

Asian Americans have the highest rate of home ownership in the city, 42%. The stability of owning property as a means of building wealth is deeply rooted in Asian culture. New York’s pro-tenant policies, especially the Emergency Rental Assistance Program, have resulted in heartbreaking stories from small-property landlords. The laws, intended to help tenants, some of whom lost jobs during COVID, disproportionately hurt immigrant landlords. Not only have they not been paid rent for three years; some living in multi-family units are terrorized by tenants who know they can’t evict. Many Asian property owners are working class, and their modest rental income helps pay for the mortgage, property taxes and unit upkeep.

While bad tenants existed before this bill, it would make things worse. Private-property owners should not bear the burden of unknowingly renting to convicted arsonists and murderers and letting them live next door to New Yorkers who want a safe place after a long day braving our unpredictable city streets and subways. We worry about higher insurance, liability in endangering other tenants and frivolous lawsuits in tenant-friendly courts. That becomes a cost-benefit question for owners — whether it’s worth it to rent with little profit.

Like most landlords, I don’t live in the building I rent, but I do worry about the tenants I rent to. I think of the kindhearted young Asian professional who pleaded with me to let her have a Hurricane Sandy rescue dog. I worry about the wheelchair-bound young man grateful to find independence in living in an accessible building and appreciative of me letting him install an automatic door opener for his convenience. I want them to have the peace of mind that when they return to their small haven in the city, they will be safe, among neighbors who won’t pose a risk to them.

The fight to save specialized high schools that brought me to council the first time galvanized many Asian voters who had never been involved in city politics before. I am one of those newly politicized voters. This year, I co-founded Asian Wave Alliance to make sure that Asian-American New Yorkers’ needs are not ignored by the very councilmembers who sat quietly and listened to Powell’s racist attacks.

This time, I went to council to convince the Committee on Human and Civil Rights and the bill’s sponsors that the Fair Chance for Housing Act is not “fair” at all to small landlords and already-existing tenants. Getting rid of reasonable safeguards like criminal background checks is not “fair” to the city’s law-abiding citizens and will put people in danger. True fairness requires listening to all New Yorkers and prioritizing safety and transparency.