Right click the four selected files in the designated folder in STEP 2 and select “Properties”. Then make sure the “Read-Only” option is checked, and you should be good to go!
Many of my banking institutions don’t have QuickBooks files (.QBO) to use Quick Connect with and only offer the Quicken files (.QFX). I’ll cover how to convert QFX files to QBO files in a different post.
This guide assumes you know 0% about all the numerous laws, best practices, etc., about running a business. I obviously can’t cover everything, but I can at least bring to your attention some of the most important aspects to minimize your liability (AKA the risk of you getting sued).
I prefer month-to-month contracts as much as possible, especially in areas of technology. This is to give me the freedom to cancel with the vendor in case they aren’t working out financially. It’ll allow you to cancel after the month without any repercussions. Perhaps you find someone cheaper or you may discover their services aren’t really needed.
Make sure you’re reviewing ALL contracts in the fine print and renegotiate the fine print. If you don’t like it, walk away and check with a new company if many companies offer similar services.
Often contracts will have provisions that automatically renew the original term of the contract unless you cancel at least 90 days prior to the end of the term. These are “evergreen” clauses and I HATE them. Some contracts will even state you can’t cancel earlier than 180 days before the end of the term. That means you only have a 90 day window to cancel a contract that may automatically renew another 5 years!!!
I will often try to do a standard term on the contract, and then once the term ends, have the contract month-to-month. Or if it’s an evergreen contract, I will send them a cancellation letter the first month or as early as possible so that it’ll force them to come back to the table to renegotiate the terms at the end of the term, rather than automatically renewing. You still need to be on the ball upon renewal time.
The most notorious companies are the ones that deal with technology. Month-to-month is the way to go or at most an annual contract because technology and pricing is constantly shifting downward. You have to be on the ball and paying attention to these because often times you have a small window to cancel.
Companies to consider: telephone, Internet, and television. Or basically any company that you started services with more than 3 years ago.
I’ve saved hundreds of dollars per month by trimming bloated telecommunications contracts from 2004.
Some hotels have cell phone towers on their hotels. Consider yourself lucky because YOU JUST HIT THE JACKPOT!
AT&T, Sprint, T-Mobile, Verizon, Metro PCS, and whatever other cell phone provider basically pays out thousands of dollars per month to property owners for the permission to put cell phone towers on their roofs. Most of the time, the property owner doesn’t need to pay for electricity.
That’s a pretty sweet deal. You get thousands per month for doing pretty much nothing.
There are some companies that will offer you a lump sum of cash in exchange for the monthly payment from these cell towers (40-year term). So for example, for a $2,000 / month cell tower lease, you can get a lump sum of about $192,000 (more or less)!
The break even for this is about 8 years, but seriously, how many hotel owners actually keep their hotels for 8 years? And when a hotel brings in millions per year in revenue, a couple thousand is a drop in the bucket during selling time. A person who buys a hotel buys a hotel for its ROOM revenue and is not so concerned about a cell phone tower lease.
I got competitive bids from multiple companies, and we ended up going with UnisonSite.com We got the highest bid from them and they processed the cash relatively quick. Their lawyers also helped us get rid of an erroneous Mechanic’s Lien on our Title. Definite bonus points for that added perk!
Have you had experiences (good or bad) with different lease buyout firms? Have a better idea to best utilize your cell towers? Let me know below.
I currently use the Fujitsu ScanSnap S1500 as a document management tool. I basically scan any document into this machine, and then it turns it into a searchable PDF document. This means that I can later do a word search and the results will bring up any document with the words I look for.
The time saved on not having to file and pull up documents is well worth the $400 investment. Just make sure you auto back up the folder housing all your saved documents! I’ve been using a document scanner since I first started in 2007.
Imagine: NO MORE FILE CABINETS!!!
1) Adobe Acrobat – It comes with the scanner so you can create your own PDFs and separate the PDFs you scan in into individual pages for emailing purposes.
2) SyncBack – This is a freeware program that you can use to schedule automatic backups of your scanned documents. (Advanced Tip: I bought the pro version and setup a freeware FTP server off-site using FileZilla.)
If you look at your annual property tax from Orange County (go http://tax.ocgov.com/tcweb/search_page.asp if you don’t have it on you), you’ll see a line item for “OCSD SEWER USER FEE” This fee is to maintain the sewer system in Orange County. One of the things with this fee is that it only an ESTIMATE based off of some formula I don’t understand. I think it may have to do something with the square footage.
This means, that if you send the OCSD (Orange County Sanitation District) the actual amount of water you use, they can calculate what the ACTUAL fee is and can adjust your bill. If it’s lower, they’ll give you a refund for the past 3 years of taxes, and if the actual bill is higher, they WILL NOT charge you more :]
Win-Win I say. And all it takes is for one simple form to be filled out here: