As a business owner with homes in multiple states, you likely have a lot on your plate. While keeping your company up and running, you also need to ensure that your properties are protected and that you can afford to keep the lights on without breaking the bank. Don’t worry, there is hope. Here at Oasis Consulting Group, we love to see business owners succeed regardless of their circumstances, so we have some tips for how you manage your company and multiple homes.
Save Money By Researching All States
The key to success when you have multiple homes is that you should try to save money wherever you can. The good news is that different states have different rules and rates, so you may be able to find a cheaper price of which you can take advantage. For example, if you live in both Florida and California and you plan to purchase a car, then you should research to see which location has lower rates for the initial cost of a vehicle, the registration, and insurance, so you can get a better bargain.
Since health insurance can often be costly, you should also use the same logic when choosing which policy to buy. Look at the rates in both states and then make an educated decision. Make sure that the policy will cover your specific needs.
Put the Right People in Place for Your Business
Since you cannot be everywhere at once, it is a good idea to put an employee that you trust in charge when you are visiting the other state. A good way to go is to hire a registered agent who can receive official paperwork and run your company properly when you can’t be there in person. Make sure to check in with them regularly so you can be sure that everything is on the up and up.
Keep Your Family Safe
While you have a lot going on, it is important to remember the safety of your family as you go back and forth. Such items might include buying a secure stroller or car seat. It might also include home items like humidifiers and security systems. Before you buy anything, check reviews online. Be sure to find reviews from unbiased sources that will tell you exactly what you need to know to make an informed decision. If you have any doubts, reach out to the company directly.
Check Average Costs for Storage Lockers, Food, and Housing
Every state will have its own average costs for the services that you use everyday, so you need to investigate ahead of time so you know what to buy and where. For instance, you will probably need a storage locker to store some of your personal or business belongings. But there are other costs to consider as well:
- Storage Unit Costs in California – There are a lot of storage units in San Diego and most establishments will have a 5×5 unit for around $150 and larger units (10×10) at closer to $300.
- Health insurance in Florida – If you want coverage in the state of Florida, then you should expect to pay around $450 per person.
- Food costs in Tennessee – If you live near Nashville, then your grocery bill will likely add up to around $216 per month.
- Housing in Illinois – Those who choose to live in Illinois can expect a decent house cost of about $260,000 for a typical home.
- Childcare in Nevada – If you choose to bring your family to Nevada, then you might expect to pay $951 per month for infant care.
As you can see, there is a lot to consider when living in multiple states, but you can make it work with a solid plan. Consider looking at rates, renting a storage space, and getting your business arrangements in order and you can make it work. If you would like to know more about the service at Oasis Consulting Group then contact us at (786) 562-7601.