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June 3rd, 2010
Dangers of Locating at a Leased Data Center: Why Property Management is the New Blind Spot
Hosting your servers in a leased data center is one problem that most people don’t even consider when deciding on a colocation facility. But if you’re serious about finding a reliable provider, this is something you need to consider. When locating at a leased facility, there are a number of factors that are not within the provider’s control that can affect you and that you or your provider cannot do anything about.
First and foremost, a leased building is not in the control of data center provider. They are at the mercy of the landlord and are subject to his will. Factors that are out the company’s hands include power, infrastructure and building rights.
Power
Power is absolutely essential and data centers tend to use up a lot of it. From powering the servers and cooling systems to running 24-hour security and fire protection systems, data centers are infamous for using resources. But it’s not always the case that landlords allow companies to use an unlimited amount of power. Changes in the lease could prevent the facility from using the amount of power that they need. This could lead to increased power-outages or decreases in essential services such as cooling.
Physical Infrastructure
Another factor that most people don’t consider is the fact the physical building isn’t under the control of the company leasing the property. There are certain limitations imposed on the facility that are beyond their control. Even something as simple as installing additional cameras for security or an enhanced fire protection system may not be allowed by leasing the company. Limiting the ability for the data center to innovate with the changing times limits the quality of service you will receive as a customer. Not having the freedom to grow and change with times will ultimately leads to an outdated facility that is not able to meet your needs.
Building Rights
The right to lease a property is another concern that most people take for granted. Leases are not static and are subject to change. Rents raise and conditions are changed. Depending on these changes, the company may be forced to raise your monthly fees to meet the demands of increased rent on the unit. Or they may be forced to vacate the building altogether.
Even worse, the company could potential get evicted from the building for reasons they may or not be able to control. If this is the case, services could be shut down at moment’s notice, forcing you to find another provider at the drop of a dime. Not only is this a hassle, but it’s also terrible for business. Since these events are not within the company’s control, there is little to nothing they can do should the situation arise.
Host in an Owned Building
The best way to ensure that your data center is still around for years to come is to take a little preventative action. Find out if your facility owns the building they are located in. With ownership comes more control over the many factors that go into a well-run data center. Owning the building allows the facility to make the necessary improvements and changes it needs such as adding security features and fire protection. It also eliminates the worry that the company will be evicted from the premises, leaving you to find a new provider without notice.
All-in-all, hosting with a provider that owns their own property will give you a better overall experience and eliminate many concerns, worries and problems.
By admin • Posted in Uncategorized • No Comment
March 12th, 2010
How Does a Land Contract Work
People want to have their own house. It is a common aspiration. But in today’s extremely tight credit market (think US financial bailout), a potential home buyer may not be able to obtain financing from a traditional bank or a mortgage company. In this case, a buyer may choose to purchase real property through a land contract.
A land contract sometimes known as a “contract for deed”, “trust deed” or an “installment sale agreement” is a contract between a buyer and a seller of a real property wherein the seller provides financing to purchase the property for an agreed-upon purchase price and the buyer repays the “loan” in installments. The seller holds the title or the deed to the property until the buyer completes all payments stated in the contract.
Purchasing a property by way of a land contract can prove beneficial to the buyer. He/She does not have to contend with hefty down payments, credit requirements or other tedious bank financing prerequisites. Initial costs incurred with a land contract are also significantly lower than those through bank financing. Likewise, the seller does not have to wait for lengthy bank processes. Furthermore, property sold via a land contract can be priced higher than if sold through bank financing. Since the buyer is not obligated to pay a large down payment, the seller can ask for a higher price or a higher interest rate enabling the latter to realize a considerable profit.
Under a land contract, the buyer and the seller enter into an agreement that stipulates that the seller shall only transfer the legal title of the real property until all agreed-upon payments have been paid in full. During the duration of the contract, the seller allows the buyer to occupy/use the property for purposes other than legal ownership provided the buyer is not in default. In most land contracts, the purchase price is typically paid with a modest down payment and then periodic installments for a set period of time. At the end of the course of the payments, the buyer pays off the balance with a balloon or lump sum payment. When the full purchase price inclusive of any interest has been paid, the seller tenders the legal title to the property to the buyer.
If the buyer defaults on his/her regular installment payments or fails to make full payment at the end of the land contract, the seller may re-possess the property. The buyer loses any payments made including the down payment and equity through his/her periodic payments. Money and time spent on improvements on the property will all go to waste. Thereafter, the seller is not required to transfer the deed to the buyer.
On the other hand, if the seller owes a mortgage on the property and has not settled the entire loan prior to the buyer’s final payment at the end of the contract, the latter may be forced to pay off the mortgage to prevent foreclosure on the property thereby losing his investment. Aside from mortgage on the property, there can also be back taxes or other liens that the seller owes.
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March 11th, 2010
Investment Property in Florida – Whats Hot?
The American Sunshine State of Florida has always been one of the favourite destinations for travellers around the world. The alluring tropical weather, pristine beaches, and inviting landmarks in the State are too good to resist for the locals and the visitors alike. The relaxing lifestyle of Florida’s coastal culture adds to the charm of a retired life the Brits yearn for during their entire youthful life. Due to diverse hotspots, Florida is not just popular with the retired brigade, but also with the kids and youth alike.
What Makes Florida a Hot Investment Destination? Florida could be termed as the southernmost State of the United States of America. Surrounded by Sea and Ocean, Florida is every bit a coastal State that has natural richness of beauty and some scenic glory. Florida beckons with hundreds of pristine sandy beaches lined with towering palm trees and affording the best environs to relax your woes away. With year-round tropical sun warming the Floridan air, the weather in Florida presents the best of America to the world, and is a major reason for property investment in Florida.
It’s not only the weather that gravitates people from all over the world towards Florida, but the overall living standards enhanced by the recreational facilities in the State and its vicinity that are the USP of Florida. The State is home to the world famous Disneyland or Walt Disney Resort in Orlando – a favourite among children and adults alike. Besides, you get to enjoy a plethora of activities in Florida, like golfing, fishing, dining and theatre etc.
Florida is the fourth most populous State of the USA and home to nearly 16 million residents. The ever-increasing popularity of Florida as a dream destination for first and second homes is further contributing to the riches of this giant peninsular State.
Florida is not a single-community State. Thanks to its all-round beauty and better standards of living, the State attracts people from all around the world and this makes Florida a truly multicultural paradise on Earth. Further, Florida boasts of different kinds of lifestyles in different regions. For instance, the coastal lifestyle may not be the same as that of Central Florida. The Gulf Coast towns and cities are known for being more relaxed, while the East Coast of Florida is a little more fast-paced.
Florida is flocked by tourists all the year round, which makes the demand for property – both rental and disposable – in constant demand. You can easily earn regular rental income or just stay during holidays or permanently make Florida your next permanent destination.
Florida is very well connected both within and outside the country with regular flights to and from the State. With an elaborate road and rail network to support the airways, you can look forward to easy accessibility to the Florida state.
The availability of different kinds of properties to suit every kind of taste and preference is another important factor that works in favour of Florida real estate investment.
Though the legal process governing the real estate transactions in Florida is a little tedious and cumbersome, every effort is worth the time and energies spent, as you’d hardly find a place under the Sun that is so perfect in terms of living standards. Moreover, if you are prepared to hire an attorney for all the documentary spadework and other tax hassles related to owning a property in Florida, chances are that you won’t be troubled by all the legal formalities.
Hottest Investment Destinations in Florida You can easily find different properties for sale all around Florida. However, there are certain regions and cities that are more preferred by investors for obvious reasons.
For those seeking out a flurry of tourism-related activities around, the town of Kissimmee offers the best bet. Situated in Osceola County, Kissimmee’s close proximity to the Disney World makes it a real estate magnet in the region. Property in Kissimmee has a rich heritage and an enviable landscape with close proximity to some of the world’s premier holiday attractions. The town is within eighteen miles of Orlando and is ideally located to go further west and explore the golden beaches of Clearwater or the Space Coast to the east.
Miami is every bit a modern city with a vibrant lifestyle, world-class hotels and restaurants, some fabulous beaches and a buzzing nightlife. If you want the real thrill of Miami, don’t forget to invest in the beachfront property here, which range from villas to apartments to nice residential homes.
Tampa and Orlando are other big cities in Florida that are always in the pink for the real estate investors. The cities offer choicest options for some great rental income from apartments, villas, luxury, and holiday homes. Orlando’s world famous theme parks have a unique charm of their own that is so very irresistible for the adventurous Brits.
In all, Florida is a combination of everything you want irrespective of the kind of lifestyle you are looking for. From relaxed to adventurous to youthful to exuberant to childish, you can enjoy almost every activity under the Sun.
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