Today, safety is becoming increasingly paramount. With the proliferation of crime in modern societies as well as an alarming lack of virtuousness and moral discipline, it has become very crucial for everyone to protect his life and his property. Of course, the government cannot do it alone.
It is thus no surprise that more people are adopting safety bollards for safeguarding their properties. Safety bollards are critical to the perimeter security plan of your building. Integrated into this security plan, your safety bollards present the necessary security infrastructure preventing illegal trespassing into your property or violation of your perimeter.
Different Types of Bollards in the Market-
When it comes to bollards, there are two convenient options. These are the crash rated bollards and the un-rated crash bollards. The former finds application in high-security scenarios where the risk percentage is higher with a more significant threat factor.
For a safety bollard to safely pass as crash rated, it must be tested under controlled conditions. These conditions are specifically designed to ascertain the quality of the bollards and if industry crash rating standards are satisfied.
How to Choose a Crash-Tested Bollard?
One eminent crash-rating standard is the K-ratings. This standard has been in observance since 1985 upon its adoption by the US Department of State (DoS). By 2003, the K-rating standard was further revised by the Department of Defense (DoD). Observing the K-rating, bollards are fundamentally required to undergo live testing. Here in this specific test, the bollards will be subjected to an impact payload of 15,000 lb, which it is expected to withstand.
Such tolerance to high impact payloads should be in such a way that set penetration distances are not compromised. Such an arrangement is one efficient measure of determining the vehicle speed your bollard can withstand or stop. Therefore we have variants like the k12 for 50mph, k8 for 40mph and K4 for 30mph.
Another standard worth mentioning is the American Society for Testing and Materials (ASTM) measure. Again, this standard for rating bollards is a brainchild of the DoD and the DoS. This standard measures vehicle penetration. This standard incorporates ratings for pickup trucks, bulky goods vehicles as well as small passenger cars.
The reality is that for their enhanced fortification levels, crash rated bollards come at a higher price than ordinary bollards. Their installation process also comes with a bit of technicality. It is worth bearing in mind that prominent features like automatic deployment as well as retractability will need notable maintenance exercises. These exercises are geared towards keeping your bollard in its best working conditions.
For the un-rated crash bollards, they are more suitable for those scenarios where the threat factor is unexaggerated. Un-rated crash bollards like steel pipe security posts can withstand reasonable impact.
Conclusion
However, you shouldn’t be expecting such tolerance (to higher impact payload) as in the case of bollards that are crash rated. Un-rated crash bollards are also referred to as bumper posts. To improve their impact resistance, such bollards should be buttressed with concrete reinforcements.
Lastly, here is the code. For situations where the aesthetic essence of your bollard is more critical than its impact tolerance, you can readily go for the likes of steel pipe security posts, which are very cost-effective. However, in situations where the risk or threat factor is very high, ignore the price and go for bollards that are crash rated.
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Buying your dream home is something fascinating and one of the most significant purchases that you may ever make in your lifetime. You will need a solicitor to help you, and most people will turn to their colleagues and friends to give them some referrals. Without knowing what these conveyancing solicitors do and what you require of them, you will not know who is right for you. Listed below are some tips to help you find the right choice for you.
What Is The Difference Between A Licenced Conveyancer And A Conveyancing Solicitor?
Conveyancing is the legal process of buying and selling a property. A conveyancing solicitor is a solicitor who is legally trained and works in property law. A licensed conveyancer mainly focuses on property sales and purchases but does not have the same training as a solicitor. Both of them are legal professionals and will ensure that they handle payments and also make you a rightful legal owner of a property you have bought.
Factors To Consider
Costs
Before choosing one, you should ask for a breakdown of all the costs, not forgetting disbursements such as stamp duty and stamp fees. If they do not tell you how much it will cost upfront, then avoid them. It shows that they are not honest in their dealings. Also, avoid quotes that are suspiciously low. This may mean that they are not well experienced and may do shoddy work. Ensure that you get one that has an affordable rate and also good at their job.
Do Not Use Conveyancing Solicitors Recommended By Estate Agents
You may find that some estate agents will pressure you into choosing a particular solicitor. You may think that they have your best interests at heart, but this may not be the case. Most of them are given a big commission and hence, will be doing it for business. You should know that you are not obligated to use the one that they recommend. They may suggest a firm that is not right for you and will be more expensive due to the commissions.
Reviews
One of the best ways to know if a particular firm is right for you is by looking at their reviews. You will need to ensure that they are legitimate to start with. One of the ways to know this is when you find all the reviews are excellent. As much as that may mean that they are good at their job, we are all human and there is always at least one client who had a minor issue. You could do more research and check on their social media reviews and those on their websites. By doing all that, you will get what you were looking for. Avoid those with many bad ratings since it means that they are incompetent. Also, those with no ratings may say that they just started the job recently.
It is prudent to choose the right conveyancing solicitors for you since you have a significant investment at hand. With the above points, you will be able to select the right one for you.
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"Is real estate investment trusts a good career path?" the answer to this question is absolute ‘Yes.’ This business is already attracting lots of beginner investors into the market because it consists of a high return on investment.
REITs are actually companies that own finance-producing real estate across various sectors, and investors get huge benefits from this. However, there are a number of requirements to qualify as real estate investment trusts (REITs).
The main purpose of this company is to help communities grow, revitalize, and thrive. This real estate investment trust is located in every state and is considered a crucial part of the United States economy. Now, discuss this in detail.
What Is A Real Estate Investment Trust (REIT)?
As already discussed above, a real estate investment trust or REIT is an investment property that funds income-generating real estate assets. This fund is managed by a firm of shareholders who invest funds in properties such as timberlands, hotels, shopping centers, hospitals, warehouses, apartment buildings, etc.
A REIT is similar to an exchange-traded fund (ETF) or mutual fund. A mutual fund aggregates a number of securities or stocks into a single group. Then, rather than purchasing individual fund shares, investors can purchase shares of a mutual fund.
In a similar way, investors can acquire shares or partial ownership in a real estate investment trust to reap the financial benefits of investing in multiple pieces of real estate or other securities simultaneously.
An advantage of real estate investment trusts is that they offer good investment returns to the investors. This factor is attracting many to invest in this asset. Now, what do you think, Is real estate investment trusts a good career path?
How Does A Company Qualify As A REIT?
There are some requirements for a company to qualify for real estate investment trusts, and these requirements are listed below:
You need to have at least a hundred shareholders.
Fifty percent of the shares should not be held by five or fewer individuals.
The company should be managed by trustees or a board of directors.
Be an entity that is taxable as a corporation.
The company must pay at least ninety percent of its taxable income as shareholder profits each year.
Obtain a minimum of 75% of its gross income from rents, mortgage, or sales of real estate
Lastly, invest at least 75% of its total assets in real estate.
How Can You Invest In Real Estate Investment Trusts? An investor or a company must buy stocks just like public stock. The investors may buy shares in an exchange-traded fund or REIT mutual fund. On the other hand, there are many jobs available in real estate investment trust, and these include asset management, property management, development, and much more.
Pros Of Real Estate Investment Trusts (REITs) - Is Real Estate Investment Trusts A Good Career Path?
There are some pros and cons of REITs that you need to consider before choosing a real estate investment as a career path.
Have a look at these below-described pros of real estate investment trusts:
i). Performance: This is proven to perform well due to the appreciation of commercial properties.
ii). Diversification: Investing in REIT is regarded as an investment portfolio where the securities and other stocks are down.
iii). Dividends: Provides a stable income stream for investors.
iv). Liquidity: You can easily buy and purchase shares in the market.
v). Transparency: This investment trust is traded on vital stock exchanges that operate under the same rules.
Cons Of Real Estate Investment Trusts (REITs) - Is Real Estate Investment Trusts A Good Career Path?
Now, let’s know the major cons related to real estate investment trusts, and these are described below:
i). Minimal Control: If you are investing in this firm, then be prepared because you cannot control operational decisions, such as plans and strategies.
ii). Management Fees: You may be charged with high transactions and administrative fees.
iii). Investment Risk: There are some factors that can affect your investment, and this includes tax laws, geography, debt, interest rates, and property valuation.
iv). High Tax Payment: The dividends can be taxed the same as normal income, and this is the drawback of REIT. Here, you may have some clarity to your question, “Is real estate investment trusts a good career path”.
V). Slow Growth: More than 90% of profits are given back to investors, and only ten percent are reinvented.
What Are The Different Types Of REITs?
There are actually five types of real estate investment trusts, and these are described below:
1. Mortgage REITs
There is only ten percent of REIT investments are in the mortgage, and this is regarded to be very less risky. For diversifying your portfolio, you must consider this investment for your firm.
2. Office REITs
The name of this investment trust itself signifies that these are investments in office buildings. Office real estate investment trusts get income from the rental income. However, there are some major factors, such as vacancy rates, employment rates, capital, etc., that you need to consider if you are interested in office rent.
3. Healthcare REITs
Healthcare REITs are an excellent choice as in the US; healthcare costs are rising rapidly. This type of trust includes nursing homes, retirement homes, medical centers, hospitals, etc. Hence, it is directly involved in the development of the healthcare system.
4. Residential REITs
Residential REITs include several kinds of rental properties like PGs, job holders, etc. However, before considering this know the economic growth, vacancy rate, job opportunities, and the population.
5. Retail REITs
It is estimated that around twenty-four percent of the total REITs are owned by retail. Therefore, investing in these real estate investment trusts can be the best decision that you can consider in 2024.
What Are The Best Paying Jobs In Real Estate Investment Trust?
Now that you know the answer to “Is real estate investment trusts a good career path,” it is time for you to know about something important!
Before you can figure out how many jobs are available in real estate investment trusts, you need to know which REIT jobs pay the best. Our research indicates that sales representatives, leasing agents, broker positions, fund managers, and a variety of other positions in real estate investment trusts (REITs) are the ones with the highest pay.
The advantages will increase more when you own your own land ventures. Presently, we should talk about the top divisions that get the most significant pay in the land venture trusts.
1. Asset Manager
The Asset Management department of REITs is in charge of monitoring the portfolio's financial and operational performance. They manage client assets in accordance with investment preferences and goals. Additionally, these managers create, manage, and organize client portfolios.
It is quite possibly the most lucrative work, with compensations going from $70,000 to $1,000,000. They must keep an eye on the business's financial and operational success. They are also in charge of marketing, finding investors, and checking the returns.
Asset management can be a lucrative career choice, particularly for students of investment banking, finance, and economics with strong performance. BlackRock was the largest asset management company in the world at the end of 2019, managing approximately 7043 trillion dollars in assets. Subsequently, this is actually a colossal sum!
2. Property Manager
You might be surprised to learn that there are currently approximately 15,000 property managers employed in the United States, and this number is increasing. A property manager's duties include communicating with customers and negotiating the best prices for the sale or rental of property.
They handle everything, from leasing to collections and property upkeep. The best part is that applicants need not meet any minimum requirements to apply for this position. This job pays anywhere from $55,000 to $65,000 per year, and one of the best things about it is how quickly it can grow.
3. Acquisitions
Because they have to find and evaluate potential acquisition targets, working for this job profile requires a lot of analysis. There are many job opportunities in this sector, and the good news is that it pays well—about $80,000 per year.
They must be adept at problem-solving and aware of new revenue-generating investment opportunities. This position is one of the best in the real estate investment trust industry.
Securing divisions gives paying positions in land speculation trusts. However, this is a real estate industry position with a lot of finance.
4. Investor Relations
All communication with REIT shareholders that faces the outside world is managed by this department of real estate investment management. A typical administration financial backer procures up to $150,000. This is huge, and it is regarded as the REIT's highest-paying job position.
This is your opportunity to work in the finance and accounting division. The best thing about it is that it pays well and has good potential for growth.
In addition, organizing and preparing for the annual meeting, which includes writing a proxy statement and an annual report for the business, is part of the job of investor relations.
Presently, to land this position, you will need a college degree with a foundation in money or bookkeeping.
5. Real Estate Investor
This is quite possibly the best work in the land venture trust industry in light of the fact that, notwithstanding the significant compensation, there are great possibilities of headway in this industry. Their primary function is to help people become financially independent by investing in real estate.
Before investing and trading, this job requires extensive market research, which takes time. It will be mentally and physically demanding because you will be required to carry out a variety of tasks, such as inspecting, maintaining, flipping, purchasing, and restoring the properties. They can increase the value of their investments as a result of all of this.
You really want a degree in bookkeeping, money, or business to turn into a genuine financial backer since you want to think of ways of improving ventures for you as well as your clients. A land financial backer procures somewhere in the range of $15,000 to $15,000 each year.
Bottom Line: Real Estate Investment Trusts Is A Good Career Path
You might have got the answer to your question, “Is real estate investment trusts a good career path”. Consider the pros, cons, and types of real estate investment trusts (REITs), and then you can decide whether it is good for your career path or not. However, according to the experts, REITs are considered a good career path!
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Real estate investing is one of the best and safest investments that any of us can make. Whether you are planning to provide housing for ourselves, or want it to be a source of income, buying a property is undoubtedly a big step. Many people observe hiring a mortgage broker as something casual. The expense of working with a mortgage broker is irrelevant in terms of how fast and efficiently the work will be done.
The best way to get a roof over your head is to pay in cash, the whole amount at a time. Of course, for most of us, this is mission impossible (unless you are a lottery winner or rich heir). An average employee would probably need years of savings to decide on such a step. That is why another, equally good and affordable option was created - taking a mortgage. Check this page to see some good and bad sides of getting a mortgage.
If you decide on this step, you will certainly need help. The mortgage-lending process is not straightforward. However, it can be quite confusing for people who do not understand legal and financial affairs. That is why it is best to hire a proven mediator who has the necessary knowledge, experience, and information.
Mortgage Broker Tasks
When you apply for a loan, you ask for money from mortgage lenders. These can be banks, credit unions, and even individuals involved in this financial business. A broker is there for you, to guide you to the lender that offers the best deal, according to your requirements and capabilities.
Individuals and agencies can perform mortgage broker tasks. They work closely with lenders and are familiar with their current offerings. At any moment, they know where the interest rates are lower, who gives the more extended grace period, and so on. The point is to find a product set that offers a monthly rate that won't put too much strain on the borrower's budget.
One more strenuous task that brokers will do for you is dealing with paperwork. Applying for and obtaining a loan can sometimes be complicated. Someone who knows what documents you need and how to gather and prepare them can be very helpful.
Benefits of Hiring Local Mortgage Broker
As every intermediary, mortgage brokers work on commission they previously agreed with lenders. But they certainly want their clients to be satisfied. Hiring a broker may not save you money, but it will bring you savings in other segments. For example, you will not waste time gathering documentation, compiling reports, and filling applications. They already did all these many times, so everything can be done sooner than you think.
With the authorization you give your broker, they will try to finish the job within deadlines. Of course, you will be there to monitor the entire procedure, to read everything they did, and to underwrite whatever it takes. But you don’t have to deal with forms and legal terms. That can save you a lot of nerves and energy.
Brokers have an insight into government-funded special home loan programs. It is an excellent way of getting a loan to solve housing issues, especially for groups of clients who may have difficulty applying for a mortgage - young people with short employment history, the disabled, people with low credit ratings, etc.
Hiring a Broker vs. Going Directly to Lender
Many people observe hiring a mortgage broker as something unnecessary. They find it a significant expense for something they can do on their own. And that is perfectly fine if they are aware of the fact that, in addition to the lender, they have to deal with realtors, lawyers, underwriters, and various institutions where the necessary documentation is obtained.
In the whole process of applying for a loan, you are likely to focus on a few offers that seem acceptable. You will go directly to the bank, which will present their products, with some variations, perhaps. Maybe you’ll have luck, and find a suitable offer for the first time.
Experts from a Vancouver mortgage company suggest that can be a trap for those who are in a hurry to buy a property. As they don’t have time to shop around, they will usually opt for the first offer. In most cases, it won’t be the most favorable one.
Brokers have an insight into a much wider selection of mortgage offers by a large number of companies and individual lenders. The benefit of this collaboration is precisely the access to more options, from which you can choose the best one or the one that gives you the best conditions
The process of applying for a loan can be quite stressful. Having someone from that branch to help you with knowledge and experience is always a good idea. The cost of working with a mortgage broker is insignificant in terms of how quickly and efficiently the work will be done.
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