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Thursday, September 19, 2013

Create a positive first impression for your business

You're new to town and your car needs fixing. Scanning the local phone book, you come across an auto repair shop that's a few blocks away. Pulling into the parking lot, you start to notice things: the signage above the door, the clothing of the employees, the shrubbery skirting the building. You step into the waiting area and continue to observe. You check out the condition of the carpet, the smells and sounds emanating from the garage, the magazines scattered on the coffee table. As you approach the service counter, you consider the condition of the counter top, the receptionist's tone of voice, and the calendar on the wall.

All of this happens within minutes of your arrival and before any service is rendered. If what greets your senses is generally positive, you will likely give this company return business — assuming their services are reasonably priced and their staff is competent. On the other hand, if your first impression is negative — even if the service is performed in a satisfactory manner — you're less likely to darken their doors again. First impressions matter.

So how do you create a positive first impression for your business? Start with "curb appeal." As any realtor will tell you, a fresh coat of paint can work wonders. Trimmed hedges, clean windows, and signage that says, "We care and we're open for business" — all these physical aspects of your facility will either invite customers or drive them away. Pleasant music, coffee and popcorn, freshly baked cookies — such relatively inexpensive accoutrements can create a positive impression as well.

Even if your facility is pristine, your employees make a big difference to that first impression. Train them to make eye contact with every customer, to communicate clearly, and to focus on individual needs. If possible, uniforms should be clean and in good repair. Staff should be courteous, even when customers become irate or unreasonable. Employees should learn to keep their cool and explain facts in an even-handed manner. If you walk through the door and observe a red-faced employee in a heated verbal exchange with a customer, will you return to that business?

People are observing all the time, and they're reporting those observations to friends and associates. Make sure your business leaves a positive first — and lasting — impression.

Consider an appeal if your property taxes seem too high

Home prices in many parts of the country have not fully recovered, yet many homeowners are still paying property taxes that reflect appraisals performed at the peak of the housing market. According to the Congressional Budget Office, property tax adjustments tend to lag behind changes in home prices by an average of three years. Accordingly, many homeowners — some watchdog organizations estimate over 50 percent — are paying too much property tax.

To determine whether your tax bill is a good candidate for appeal, consider the four components that local agencies use to calculate property taxes:
  • Appraised value. The appraisal may be based on comparable sales, in-home visits, community-wide reassessments, computer models, even aerial photographs.
  • Assessment ratio. In some states, taxes are based on a percentage of appraised value. Other locales set taxes at 100 percent of current market prices.
  • Assessed value. Multiply appraised value times the assessment ratio to arrive at assessed value.
  • Tax rate. Set by local governments to cover various costs, including road maintenance and school expenses, this rate varies among regions. Typically, it's figured for every $100 of assessed value. So if your assessed value is $150,000 and the tax rate is .025, you'll be charged $3,750 in annual property taxes.
Of these four components, it's wise to focus on the one that's the most subjective and controllable: the property's appraised value. Railing against exorbitant tax rates, while possibly therapeutic, probably won't yield favorable results at city hall.

To get started, find out your local taxing authority's process for filing appeals. Next, obtain a copy of the assessor's property record card, which summarizes the characteristics of your home. Compare data on the card to the physical attributes of your house. Is the square footage accurate? Does the assessor claim you have three bathrooms instead of two? Is your basement listed as "finished" when, in fact, it's a barely accessible crawl space?

Stroll through your neighborhood, taking photos and jotting down addresses of homes that have sold recently. When you get home, check the county's online tax assessment listings. If owners of larger and more amenity-laden houses are paying lower property taxes than you are, take note.

Finally, lay out your evidence to local decision makers, presenting all documents in an organized manner. Be courteous, but firm. If you don't win the appeal (and cost-benefit considerations warrant further action), consider hiring a tax attorney or property tax consultant.

Tuesday, September 10, 2013

Is College Debt the Next Bubble?

Legacy Investment Advisors, LLC
Albert Sturdivant
Financial Advisor Wealth Management
3000 Atrium Way
Suite 520A
Mount Laurel, NJ 08054
Voice:(856) 751-7909
Fax: (856) 751-1141
legacy@legacyria.com
www.legacyria.com

What might a 23-year-old recent college graduate, a 45-year-old entrepreneur, and a 60-year-old pre-retiree have in common financially? They may all be hobbled by student loan debt. According to financial aid expert Mark Kantrowitz, the student loan "debt clock" reached the $1 trillion milestone last year.1 And even as Americans have reduced their credit card debt over the past few years, student loan debt has continued to climb--both for students and for parents borrowing on their behalf.

A perfect storm

The last few years have stirred up the perfect storm for student loan debt: soaring college costs, stagnating incomes, declining home values, rising unemployment (particularly for young adults), and increasing exhortations about the importance of a college degree--all of which have led to an increase in borrowing to pay for college. According to the Federal Reserve Bank of New York, as of 2011, there were approximately 37 million student loan borrowers with outstanding loans.2 And from 2004 through 2012, the number of student loan borrowers increased by 70%.3
With total costs at four-year private colleges pushing $250,000, the maximum borrowing limit for dependent undergraduate students of $31,000 for federal Stafford Loans (the most popular type of federal student loan) hardly makes a dent, leading many families to turn to additional borrowing, most commonly: (1) private student loans, which parents typically must cosign, leaving them on the hook later if their child can't repay; and/or (2) federal PLUS Loans, where parents with good credit histories can generally borrow the full remaining cost of their child's undergraduate education from Uncle Sam.

The ripple effect

The implications of student loan debt are ominous--both for students and the economy as a whole. Students who borrow too much are often forced to delay life events that traditionally have marked the transition into adulthood, such as living on their own, getting married, and having children. According to the U.S. Census Bureau, there has been a marked increase in the number of young adults between the ages of 25 and 34 living at home with their parents--19% of men and 10% of women in 2011 (up from 14% and 8%, respectively, in 2005).4 This demographic group often finds themselves trapped: with a greater percentage of their salary going to student loan payments, many young adults are unable to amass a down payment for a home or even qualify for a mortgage.
And it's not just young people who are having problems managing their student loan debt. Borrowers who extended their student loan payments beyond the traditional 10-year repayment period, postponed their loans through repeated deferments, or took out more loans to attend graduate school may discover that their student loans are now competing with the need to save for their own children's college education. And parents who cosigned private student loans and/or took out federal PLUS Loans to help pay for their children's education may find themselves saddled with education debt just as they reach their retirement years.
There's evidence that major cracks are starting to appear. According to the Federal Reserve Bank of New York, as of 2012, 17% of the 37 million student loan borrowers with outstanding balances had loans at least 90 days past due--the official definition of "delinquent."5 Unfortunately, student loan debt is the only type of consumer debt that generally can't be discharged in bankruptcy, and in a classic catch-22, defaulting on a student loan can ruin a borrower's credit--and chances of landing a job.

Tools to help

The federal government has made a big push in recent years to help families research college costs and borrowers repay student loans. For example, net price calculators, which give students an estimate of how much grant aid they'll likely be eligible for based on their individual financial and academic profiles, are now required on all college websites. The government also expanded its income-based repayment (IBR) program last year for federal student loans (called Pay As You Earn)--monthly payments are now limited to 10% of a borrower's discretionary income, and all debt is generally forgiven after 20 years of on-time payments. (Private student loans don't have an equivalent repayment option.)
Families are taking a much more active role, too. Increasingly, they are researching majors, job prospects, and salary ranges, as well as comparing out-of-pocket costs and job placement results at different schools to determine a college's return on investment (ROI). For example, parents might find that, with similar majors and job placement success but widely disparate costs, State U has a better ROI than Private U. At the end of the day, it's up to parents to make sure that their children--and they--don't borrow too much for college. Otherwise, they may find themselves living under a big, black cloud.

Thursday, September 5, 2013

DISCOUNT LUXURY RENTALS IN ORLANDO FL AND MARTHA'S VINEYARD

Call Kendall at (267) 291-4437.  Cost is $275 per night.  Available slots filling up fast.
The Villas at ChampionsGate are nestled within the heart of Central Florida.  Surrounded by 36 holes of championship Orlando golf, the Leadbetter Golf Academy World Headquarters and 15 acres of recreation, this four-diamond resort is one of the nation's premier golf, meeting and leisure retreats. 
This luxury Resort is situated adjacent to the stunning four-diamond Omni Orlando Resort at ChampionsGate  One of our partners has extended an offer to allow our friends enjoy these accommodations at a discounted rate.  We have two (2) 2-bedroom Villas available to rent.  Each Villa sleeps up to 6 people. Whether it's a ladies spa retreat, a golf get-away for the men or a family vacation to enjoy the Disney Theme Parks, this is the place to stay!




Guests will enjoy all the resorts amenities and facilities, including access to the 10,000 square foot European-style spa and fitness facility, two Greg Norman-designed championship golf courses,  formal pool with private cabanas, heated family pool with waterslide and an 850-foot lazy river, Champions 9, par-3 golf experience, seven restaurants, eateries and lounges, and 24-hour room service. 







DATES AVAILABLE FOR 2013:
THE MONTHS OF SEPTEMBER, OCTOBER AND NOVEMBER.  
DECEMBER 1 - 26TH
Call Kendall at (267) 291-4437.  Cost is $275 per night.  Available slots filling up fast.  

Accommodations and Services

  • 730 guestrooms and suites
  • Concierge services
  • Complimentary high-speed internet access at an executive work desk with modem outlet
  • Two phones, one of which is cordless with voicemail
  • Safe—designed to hold laptop computers
  • Fully-stocked refreshment center
  • Pets under 25 pounds permitted
  • Dry cleaning/laundry service
  • In-room coffee
  • Nine foot high ceilings
  • Robes
  • CD player
  • Hair dryer
  • Lighted make-up mirror
  • Iron and ironing board
  • Omni Kids Program
  • On-Demand movies and Nintendo 64 video games
  • Restaurants

  • Zen—upscale Pan-Asian Cuisine
  • Croc’s Pool Bar and Grill
  • David’s Club—sports bar & grille overlooking the recreation area
  • Trevi’s—three-meal Mediterranean restaurant with indoor and outdoor seating
  • Broadway Deli—gourmet deli offering a wide variety of snacks and refreshments
  • The Lobby Bar—specialty cocktails, fine wines and tropical drinks
  • ChampionsGate® Clubhouse Bar & Grill
  • 24-hour room service
  • Recreation Facilities

  • Full-service health club with 24 hour access
  • Professionally staffed 10,000 square-foot European Spa and full service beauty salon
  • Formal outdoor heated swimming pool with eight private cabanas and a family activity pool with waterslides (open year round)
  • 850-foot lazy river winds through tunnels, gentle rapids and hidden canyons
  • Video game arcade
  • The Champions 9, a lighted 9-hole, par-3 golf course
  • 36 holes of Championship golf on two distinctive courses, both designed by Greg Norman
  • World headquarters of the David Leadbetter Golf Academy
  • Billiards, foosball and dartboards available at David’s Club
  • Two lighted tennis courts open seven days (racquets and balls available at towel hut)
  • Sand volleyball court, basketball court
  • Jogging, hiking and biking paths located within the ChampionsGate resort
  • Get Fit Kit available at the front desk

 FLORIDA ATTRACTIONS:
Choose from a selection of ticket options for 3 and 4 days, including special prices for Florida Residents.  

Arts & Culture
Orlando Museum of Art – 27 miles
Morse Museum or American Art , Winter Park – 31 miles E 
Harry P. Leu Gardens – 26 miles E
Attractions
Walt Disney World
® Resort – 6 miles
AMC® Theatres Complex - Downtown Disney® Pleasure Island – 13 miles
Legoland Florida – 26 miles S
Sea World Orlando – 14 miles
Gatorland theme park and wildlife preserve – 15.5 miles
Universal Studios Florida – 16 miles
Wet’ n Wild water park – 18 miles
Downtown Orlando – 22 miles
Sterling Casino – 60 miles
Busch Gardens – 58 miles
Kennedy Space Center Visitor Complex – 70 miles

Shopping

Celebration Town Center – 8 miles
Orlando Premium Outlets – 12 miles
Downtown Disney® Area – 10 miles
Pointe Orlando, shopping, dining and entertainment – 18 miles
Belz Factory Outlet Mall – 20 miles
Florida Mall – 24 miles
The Mall at Millenia, filled with a variety of boutiques and restaurants – 24 miles

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MARTHA'S VINEYARD - OAK BUFFS




2400 sq. ft. 3 bedroom house with sun porch and amenities.  

Available for weekly rental 
September - October, 2013
May - June 2014


ABOUT OAK BUFFS

MORE ABOUT OAK BUFFS

Things To Do in Oak Buffs

Pictures coming soon!



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