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Struggling to pay your rent? A couple tips to keep the roof over your head
- Recoupment: You agree to pay the property manager for any damages up to a pre-approved amount. If you fail to pay for damages at move out, a deposit company will bill you the amount owed.
- Insurance: You pay monthly premiums for an insurance policy, up to a certain limit, to cover any damages you cause.
- Installments: Rather than paying the full deposit at move-in, you’ll pay in smaller installments, typically monthly.
- Personalizing your payment dates: Most rent payments are due on the first of the month, and many properties typically offer a grace period. However, depending on your pay day, this timing still may not be ideal. Speak to your property manager about changing your payment due date to better align with your pay cycle.
- Paying in installments: You may find it difficult to cover your full monthly rent in one payment. If this is the case, your property manager may be willing to work out an alternative schedule that allows you to make multiple smaller payments throughout the month.
- Receiving a waiver for late fees or penalties: Late fees and penalties are intended to discourage repeated late payments — but sometimes, unexpected things happen. If you’re facing a temporary setback but are otherwise in good standing with your property manager, you may be able to negotiate a one-time exception for late fees or penalties.
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Don't have a standby generator yet? Here are 6 things you will want to know before you buy
Last week, the NWS Storm Prediction Center issued a warning that severe storms capable of damaging winds, large hail, and tornadoes are on tap for tomorrow. The affected area stretches from the Ozarks into the Lower Great Lakes.
Widespread power outages, like this one expected to roll through central Illinois on Tuesday evening, are one of the byproducts of these mega-storms, but it doesn't take a once-in-a-century flood to cause them. Blackouts happen regularly due to more "mundane" causes, like power grid glitches, ice storms or high winds, even lightning in a garden-variety thunderstorm taking out a power pole. And you're left in the dark. Depending on the severity of the outage, that darkness could last awhile.
Remember that storm that produced nearly 80mph windspeeds passed through the area last June? In its wake, the storm left over 28,000 homes without power in Champaign County and more 170,000 homes in Ameren's service area.
When the power goes out in your home, so does the heat. And the internet. And the electricity needed to keep food at a safe temperature in the refrigerator. All of your "smart" electronics and appliances that talk to each other (and to you) go silent.
Owning a standby generator is the best way to keep your household humming during a power outage. Because of all of the extreme weather we've been experiencing, it's moving from the nice-to-have category into a necessity. Here's what you need to know before buying one.
A standby generator is different than a portable generator. Most people are familiar with the type of bulky generators their fathers kept in the garage, noisy contraptions that needed to be hooked up to cough to life when the power went out. You could run the refrigerator or a space heater, but not both. We've come a long way since then. A standby generator is a back-up electrical system that kicks in automatically when the power goes out. These sleek, permanently installed units are a bit like having a power plant on reserve. Some models are able to power the electricity to your entire home. The switchover from the power grid to your generator is completely automatic and usually so seamless, homeowners don't even notice a disruption.
You must own your home to install a standby generator. Standby generators are permanently installed outside of your home — just like an AC unit or solar panel system — and routed to your home’s electrical and gas systems. For this reason, you must own the property your generator will power.
The type of home matters. A condo or apartment, even if you own it, isn't conducive to having a generator. If you live in a townhome complex, consult your community’s by-laws before purchasing a generator. Typically, single-family and fixed mobile homes are qualified for generator installation.
Research any necessary permits before you install. Typically, your generator will be installed alongside your home’s exterior in a discrete area, but it is still considered a modification to your home’s appearance. This means you’ll likely require approval, and perhaps permits, prior to installation if you live in a community regulated by an HOA or other governing board.
Consider your home's power needs ... and your own. Do you want to power your entire home during an outage, or can you get by with only select appliances or systems running? Analyze your home’s electrical load and your power priorities. This will help you determine potential generator models to choose from. Some are equipped to power your entire home, while others are better for powering the necessities.
Not all generators are created equal. You can find any number of generators on the market today with just a few mouse clicks online. But this is your family's safety and well-being in a potential disaster we're talking about. It's not the time to take chances on an untested product or company. Go with a trusted name in the industry you can count on to keep your household running. KOHLER generators have been on the market for over 100 years and each model has endured hundreds of performance tests to ensure total reliability. They're built with commercial-grade engines designed to outlast the outage. And they use state-of-the-art technology so you can monitor it on your mobile device or computer.
When a power outage strikes, a standby generator ensures that your family won't miss a beat. Want to learn more? Visit KOHLERhomeenergy.com for more information.
Commentary |
Airbnb is driving up housing costs for all of us
by Sonali Kolhatkar
Americans have been on a vacation binge since the easing of COVID-19 restrictions. In particular, the vacation rental company Airbnb is thriving. Late last year, the company posted its highest-ever profits.
A 2017 study of New York City by the watchdog group Inside Airbnb concluded that the Airbnb model also fuels racism in the housing market. “Across all 72 predominantly Black New York City neighborhoods,” the group found, “hosts are five times more likely to be white.” But the “loss of housing and neighborhood disruption due to Airbnb is six times more likely to affect Black residents.” To curb such inequities, New York City, which already had strict rules about short-term rentals and subleases, passed a law in 2023 requiring Airbnb to ensure that hosts obtain permission to rent out housing. If it fails to do so, both the host and the company are hit with hefty fines. While this means potentially higher hotel costs for out-of-town visitors, it could also free up rentals for long-term residents. According to The Guardian, this may already be happening, just months after the law went into effect in September. While cheaper vacation stays are certainly desirable for those of us who love to travel, vacationing is a privilege in the U.S. More than a third of Americans, a 2023 survey found, are unlikely to take a summer vacation. And of those, more than half say they simply can’t afford it. A 2019 Economic Policy Institute study pointed out that “Airbnb might, as claimed, suppress the growth of travel accommodation costs, but these costs are not a first-order problem for American families.” What is a first-order problem is affordable housing. While regulating Airbnb will not mitigate all economic injustices facing Americans — such as suppressed wages and a lack of government-funded health care — it certainly will move the needle in the right direction.
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Navigating solar leases for farmers and ranchers, a guide to working with developers
by Cari Rincker
Attorney at Law
Agreements between solar developers and landowners come in many shapes and forms. In broad strokes, there are two main approaches. On the one hand, a developer may present a farmer or rancher with an option agreement, which will give the developer a period of time to assess the viability of a solar project on the land, and the unilateral right to exercise an option to enter into a solar lease agreement if and when the developer determines that the project will be profitable. The lease agreement should be fully negotiated at the time that the option agreement is executed. Alternatively, the developer may skip the option agreement and instead present the farmer or rancher with a lease agreement to be executed at the onset. Such a lease agreement usually commences with a development phase wherein the developer assesses the viability of the project. The developer is then granted the right to unilaterally terminate the lease at the conclusion of the development phase. Regardless of whether there is a separate option agreement or a development phase incorporated into the lease, solar leases generally are structured pursuant to the same format: There is a construction period which may last roughly one year, followed by an operation period which may last decades, a renewal period which may extend the lease even longer, and ultimately, a cleanup period. As discussed further below, each distinct phase comes with specific rights, obligations, and compensation structures. 2. The Length of the Lease
To understand the extent to which a lease will tie up their land, a farmer or rancher should be sure to calculate the total timeframe of the encumbrance, from the beginning of the option or development phase, to the end of the cleanup period. It is not uncommon for the life of a solar lease agreement to span more than half a century. For this reason, multi-generational family farms and ranches should carefully consider potential uses or plans for their land over the course of the near- and not-so-near-future. Such considerations may include the needs of future generations. The farmer or rancher should further keep in mind that such lease agreements typically run with the land, which means that they will bind any subsequent sale or estate succession of the land. Given the length of the agreement, agriculture producers should also carefully assess the impact of a solar lease on their property, including a thorough evaluation of the potential environmental impact, the effect on overall farming or ranching productivity and economies of scale, and their eligibility for government programs. 3. Due Diligence on the Developer
If a farmer or rancher plans to enter a long-term relationship with a solar developer, they should perform due diligence on the developer to ensure that the developer is legitimate and has a good record with other landowners in the area. Due diligence may include: (i) checking the developer’s online presence, including reviews and BBB complaints, (ii) confirming the developer is a registered entity with the secretary of state for the state that they claim to be organized under, and (iii) paneling neighbors and the community to see if anyone else has negative experiences with the developer.
Before executing an option or lease agreement, a farmer or rancher must confirm that he or she has the legal authority to enter into such an agreement. In the first instance, the landowner will likely have to warrant in the agreement that he or she is the fee simple owner of the farm or ranch. If there are multiple parties with an interest in the land, all co-owners must approve and be a party to the lease. If the land is owned by a business entity or trust, then the governing documents of such entity or trust must be reviewed to confirm that they permit the execution of such a lease. Finally, if the property is subject to mortgages, pre-existing leases, easements, or other encumbrances on the property, those may need to be addressed before proceeding with a solar lease. 5. Compensation under the Lease
A farmer or rancher should carefully review the compensation he or she will receive under the option and/or lease agreement(s). At both the option/development phase and the construction phase, the landowner may receive either lump-sum payments or periodic per-acre payments. It is advisable to avoid lump-sum arrangements if the timeframe of either phase is highly variable. Construction phase payments should be higher than option or development phase payments. The compensation received during the operation phase should be significantly higher than the earlier phases. It is most often structured as an annual or semi-annual payment tied to the number of acres subject to the lease. If receiving per acre payments, the farmer or rancher must clarify whether all acres will receive the same compensation level, or whether certain unused acres will be compensated at a lower rate (or not at all). Given the length of the operation phase, any lease should also include an escalation factor (typically between 1.5 and 3%) by which payments should rise on an annual basis to compensate for inflationary risk. The farmer or rancher is also encouraged to negotiate other forms of compensation or reimbursement in the lease. For example, a landowner may ask for the reimbursement of professional expenses, such as attorneys’ fees, incurred in reviewing the lease. The farmer or rancher should confirm that the developer will be responsible for any tax increase caused by transforming farmland into a solar energy facility. They may also wish to explore whether the developer will compensate the landowner for any loss of eligibility for government farming programs. Finally, the farmer or rancher should ensure that the lease clearly delineates a compensation structure for damages incurred to crops and the underlying drainage system on or adjacent to the property. 6. The Rights and Obligations of Each Party
The option and lease agreements should clearly lay out the rights granted to the solar developer on the landowner’s land. The farmer or rancher must pay careful attention to how the lease will affect their rights on the land subject to the lease and ensure that any rights or easements granted are carefully tailored for reasonableness. They should also understand whether the lease will interfere with rights on adjacent land owned by them.
It is common for leases to have asymmetrical termination provisions, meaning that a developer can often terminate the lease at any time and for any reason, while a landowner can only do so in the event of a breach of a monetary obligation. A farmer or rancher may nevertheless seek to ensure that they may still request damages or specific performance of certain provisions of the lease where they are not permitted to terminate the lease. A lease should contain robust cleanup obligations for the developer, including cleanup of any debris post-construction, as well as restoring the property to its original condition at the end of the lease agreement. Local or state regulations may be of use in this regard. For example, in Illinois, the Department of Agriculture requires that any developer with a solar lease agreement with a landowner must also enter into an Agricultural Impact Mitigation Agreement with the Bureau of Land and Water Resources, which contains standardized construction and cleanup obligations for the project. 8. Disputes
On a final note, farmers and ranchers should always plan for the worst-case scenario. This involves ensuring that any dispute arrangements or requirements contained in the lease favor the landowner. In particular, a farmer or rancher should request that any waiver of a right to a jury trial be removed from a lease. Moreover, if a lease contains provisions waiving any right to appeal an arbitration or other dispute award, that language should also be struck from the agreement. In closing, solar lease agreements are binding contracts of long duration, with potentially significant consequences for the landowner and his or her heirs or assigns. Given the variable and complexities addressed in this article, it is advisable that the landowner hire an attorney to help ensure that the solar lease agreement is carefully tailored to the unique concerns and needs of a farmer or rancher. Whether an attorney is employed, or whether the landowner takes it upon him- or herself to review the agreement, the reviewing party should ensure that they have adequately considered each of the issues discussed herein.
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A friend will do his best to prevent you from driving off a cliff. Your enemy will give you directions to the cliff and happily watch you plunge to your destruction. A friend cares enough to caution you about financial decisions or bad investments. Your enemy will be glad to see you lose your money. Your friend will warn you about a snake in the path. Your enemy will tell you to enjoy your walk. A friend cares enough to help. Your enemy will let you sink. Thirty years ago, I made a move. I had a house payment in one town and an apartment rent in my new location. I had two car payments, a very sick wife and two small children. The financial burden was tough. I met with a group of 8 to 10 men every Thursday morning at 6 AM for prayer. These men prayed for me but came to me one day and said, “We’re going to collect $300 to $400.a month to give to you until you sell your house. I was surprised, thankful but declined the offer. They insisted. One man spoke up and said, “We’re not going to sit here and watch you sink.” I was very close to just giving my house back to the bank but fortunately I was able to sell it eventually and gained enough money to make a down payment on a house in my new location. Your friend may not be able to save you. However, your friend will try to save you from sinking. Your enemy will find humor in your demise. Your friend will not barrage you with your past mistakes. A real friend puts the past behind and moves forward. The only good thing about remembering past mistakes is so you won’t repeat them. Your enemy delights in rehashing ancient history when you failed, divorced, folded, went crazy and more. Your friend will focus with you on today. They will celebrate your current life and activities. The Bible says the Devil is like a roaring lion seeking whom he might devour. Often, his most effective work is discouraging us and immobilizing our lives. The work of God is forgiving, forgetting, cleansing, burying and looking ahead to the goal line. The work of evil is to take you back to your old sins and failures. The Bible talks about forgetting those things which are behind. The scriptures teach that God through Christ cleanses us of all our sins. He buries our sins in the depths of the sea to be remembered no more. God doesn’t remember them, so why do you worry about a failure that happened a hundred years ago? Remember Lot’s wife? She looked back and turned into a pillar of salt. Looking back turns us into salt or immobilizes us from going forward. You can’t go forward looking over your shoulder. The Bible says press toward the goal line. This means you look forward. Choose who you spend time your time with very carefully. Live looking forward and avoid those who want to keep you looking back.
He is the author of 13 books including Uncommom Sense, the Spiritual Chocolate series, Grandpa's Store, Minister's Guidebook insights from a fellow minister. His column is published weekly in over 600 publications in all 50 states. The views expressed are those of the author and are not necessarily representative of any other group or organization. We welcome comments and views from our readers. Submit your letters to the editor or commentary on a current event 24/7 to editor@oursentinel.com.
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Four tips to selling your home in today's market
"It’s unlikely that an inexperienced agent would have noticed this," she remarks. To assess the experience of potential agents, Zachman recommends careful research: "Do they know your area? Have they sold other homes in your area? What customer ratings have they earned? These seem like obvious questions, but they’re easy to forget when you’re eager to start the listing process."
3. Take your time. Speaking of eagerness, don’t rush to put your home on the market if it’s not ready. "Don’t list a messy or cluttered house," Zachman cautions. "You want to make sure that it’s orderly, show-ready and professionally photographed. Cellphone photos just won’t cut it." She adds that the listing should contain all relevant information and that homeowners are prepared to respond to an offer. According to Zachman, "the most important timeframe for a listing is the first 14 days. You need to put your best foot forward so that the listing doesn’t get stale.” 4. Prepare for short-term inconveniences. Bad news for those who hate vacuuming: Your home should stay clean throughout the listing process. “If you’re pricing your home appropriately, you can expect many showings and some will be at the spur of the moment,” Zachman points out. “But the right price leads to a fast sale, so you won’t be inconvenienced for long. Any effort you put toward mopping floors, washing windows and making beds will be well worth it. "There are still ample opportunities for both buyers and sellers in this market," Zachman concludes. "If you follow these guidelines, you can successfully navigate through all kinds of market cycles. So, list at a reasonable price, work with an agent experienced in your market, remember that preparation is key, and expect a few inconveniences that shouldn’t last too long. Good luck!”MV Realty
Short-term renting is becoming a popular way to earn extra cash
One popular way to earn extra income is to offer up rooms, homes and apartments as short-term rentals. While offering short-term rentals isn’t new, according to a recent report by Airbnb, the number of new Hosts in the U.S increased by 50% during Q2 of 2022, coinciding with the increasing inflation rate. Also, 41% of U.S. Hosts reported that one reason they host is to earn money to help navigate rising prices.
According to the numbers, hosting short-term rentals seems to be working, with new Hosts earning a combined total of over $1.8 billion globally in 2021, up more than 30% from 2019. For those who have an extra room or property, offering up their space as a short-term rental has given them the opportunity to earn amid a rising cost of living.
Jenny’s story
According to the survey, nearly 40% of Hosts in the U.S. said that the income earned through hosting has helped them stay in their homes in 2021. This was especially true for Jenny Radick a single parent who, in 2016, was overwhelmed by the never-ending cost of day care, rent, car bills and student loans.
“I was working every moment I could to pay my bills, but it meant sacrificing valuable time with my children,” said Jenny. “I knew that my work life wasn’t sustainable, but I didn’t know how I could balance my desire to parent with my need for income.”
Luckily, in September 2017 she decided to start hosting her entire home – a cabin in Saylorsburg, Pennsylvania, on the weekends to earn extra income and took the opportunity to visit family while her home was in use. While every Host’s experience is different — and earnings can vary widely depending on availability, price, listing type, location, and more — in Jenny’s case, the idea eventually paid off: The income she received from her first short-term rental allowed her to pay off her mortgage in the first year and invest her earnings into buying a second home. In the last 12 months alone, Jenny earned $44,496*. “Hosting has removed a huge weight from my shoulders,” said Jenny. “Without the stress of financial uncertainty, I have the freedom to spend quality time with my children that I couldn’t afford before.”
Become a Host
If, like Jenny, you’re looking for a way to alleviate your financial burden, consider becoming a Host. Whether you have a finished basement with a separate entrance, a seldom-used cabin or summer home, even a private room, or if you can visit friends and family for the weekend, you can easily start earning extra income.
To talk to a Superhost to learn more about hosting. You can list your space for free at Airbnb.com/Host. If you’re new to short-term rentals, Airbnb can match you with an experienced Superhost to answer all of your questions and provide personal tips and guidance on hosting.
Disclaimer:
*The median annual income for an entire place in Saylorsburg, Pennsylvania, is $24,154. Your actual earnings will depend on several factors, including your availability, price, and the demand in your area.
The good news is that whether you’re a Gen Z-er hosting your first Friendsgiving on a budget or you’re a busy family preparing for guests, there is a lot to be thankful for this year.
Research has shown ACEs can alter a child's brain chemistry and produce a prolonged toxic stress response. Experiencing at least one ACE as a child is linked to having alcohol and substance use problems in adulthood, and chronic diseases such as diabetes and obesity.
What will? Replacing the subminimum wages that tipped workers make with one fair wage nationwide.
The federal minimum wage for most workers is just $7.25. But for workers who get tips, employers are allowed to pay them $2.13 an hour. If tips don’t raise your hourly pay to at least the ...
The culprit? She says symptoms of common mental health issues like depression, attention deficit hyperactivity disorder (ADHD) and bipolar disorder can overlap. So, it’s important to stay in contact with your provider to make ...