Anyone looking for an additional stream of income should consider real estate as an option. This article will teach you how to start an Airbnb to maximize profits from your real estate investment.
Discovering Your Path to Success
Are you considering entering the world of Airbnb hosting?
As the platform continues to gain popularity among travelers, now is a great time to learn how to start an Airbnb. You can take advantage of the potential income opportunities it offers.
In this comprehensive guide, we’ll explore three approaches for starting your own Airbnb business:
At the end we’ll cover the concept of remote Airbnb management. Our goal is to provide you with a solid understanding of the different methods for launching your Airbnb venture.
Diversify Your Income with Airbnb Hosting
Are you thinking about diversifying your income and considering how to start an Airbnb? Back in the day a vacation rental had was hard to find through a series of phone calls and dead ends.
Nowadays the popularity of the Airbnb platform has made home-sharing extremely easy. Millions of travelers consider Airbnb the best platform for connecting with unique accommodations. Simultaneously, the business opportunity allows hosts a lucrative way to monetize their Airbnb properties.
With a perfect balance of local experiences and larger accommodations, it’s no wonder Airbnb has become the go-to option for many travelers worldwide.
Learn about three distinct methods to start an Airbnb: converting your personal home into a rental, investing in a property specifically for Airbnb hosting, and leveraging Airbnb arbitrage to capitalize on rental market opportunities. By understanding these strategies, you’ll be better equipped to choose the right path for your financial goals and lifestyle preferences.
Converting your Personal Home into an Airbnb
My first airbnb was launched by converting my personal home into an Airbnb and moving abroad. Learn the step-by-step process to creating a thriving Airbnb.
Unlocking Your Home’s Potential
If you’re looking to dip your toes into the Airbnb hosting waters, converting your personal home into an Airbnb can be an excellent starting point. You can decide if the rental industry is right for you without spending a lot of time becoming a full on real estate investor.
This approach allows you to capitalize on your existing property while minimizing initial investments. You’ll still need to think through the best way to turn your own personal home into an Airbnb.
Here’s what you need to know about this option:
Location: The Heart of Airbnb Success
Location is a critical factor when deciding how to start an Airbnb with your personal home, but not for the reason you might think.
Different guests prioritize different things. Sometimes they want to be near popular tourist attractions, but other times they want to get in touch with nature.
Neither inner city or rural country is good or bad, they will just attract different clients. Part of your business plan should include considering who your ideal client would be.
Space and Amenities: Comfort and Functionality
Consider the available space in your home and its suitability for hosting guests. Renting out your own property can mean renting an individual spare room or listing the entire house.
The more people that can comfortably spend the night the higher nightly rate you can charge. Before you jump to conclusions about inviting fifteen people to sleep in your house, just know, youth soccer teams, church groups, and family reunions have all stayed at our house without incident.
Your Airbnb rental needs to have all the essential amenities such as Wi-Fi, kitchen appliances, comfortable beds, clean showers, and laundry facilities. Additionally, give some thought to the nice to have items such as remote workspace, gaming consoles, outdoor grill, or a hot tub.
Preparing Your Home for Guests
It’s honestly embarrassing to think about the state of my house the first time I rented it out to strangers. Our first guest must have thought we were insane to call ourselves Airbnb hosts.
But, it all worked out. The extra income we earned inspired us to put in the hard work minimizing our stuff and making our personal home into a lovely Airbnb. Now that I know how to start an Airbnb, it seems like good juju to pass that information on to you.
Cleaning and Decluttering: A Spotless Space
A clean and clutter-free environment is one of the most important things to ensure good reviews.
Dedicate time to deep cleaning your home and removing any personal belongings from common areas and guest rooms.
Consider hiring a professional cleaning service before listing your property to ensure a pristine space for your guests.
Ensuring Safety and Security: Peace of Mind for Hosts and Guests
Your guests’ safety should be a top priority when turning your personal home into an Airbnb. Doors should be secured with smart locks to ensure only the current guest or your hired help have access to the property.
Equip your home with smoke detectors, carbon monoxide detectors, and fire extinguishers. Additionally, provide clear emergency exit instructions and local emergency contact information.
For added security, consider installing exterior security cameras for the protection of both your potential guests and your personal property.
Creating a Comfortable and Welcoming Environment: A Home Away from Home
Design your Airbnb with your ideal guests comfort in mind. If your Airbnb unit will attract families, be sure to have items like high chairs, sippy cups, a crib, and even a stroller.
Invest in high-quality bedding, provide ample storage space, and ensure adequate lighting. It’s a good idea to go the extra mile and provide guests with a way to charge their technology even if they have forgotten their charger.
Thoughtful touches like a well-stocked coffee station, local guidebooks, and basic toiletries can make a lasting impression on your guests and result in positive reviews.
Legal and Financial Considerations
I hate to be the bearer of bad news. Before you ever let a single guest stay in your personal home, there are some paperwork hoops to jump through. Insert eye roll.
Yes, I know, boring. I’ll try to be as concise as possible so you can get back to creating a side hustle of epic proportions. Be sure to consult with a lawyer and accountant to ensure you aren’t just taking some random bloggers word for any of this stuff. Yes, I own an Airbnb, but your jurisdiction may have different requirements.
Start the Business: You Are a Small Business Owner
You are going to set up a legal entity for your business such as a limited liability company. Your new business license is going to entitle you to head to the bank and open a business bank account.
Ta da, and just like that you have a legal business entity to launch you short-term rental property.
Local Regulations and Permits: Staying Compliant
Your next step before listing your home on Airbnb is to research local laws and regulations governing short-term rentals.
These may include zoning restrictions, noise ordinances, and permit requirements. Obtain any necessary permits and stay up-to-date on changes in regulations to avoid fines and penalties.
Local governments are constantly creating new regulations for short-term rental properties, so be sure to check back regularly for any changes.
Home Insurance: Protecting Your Property
Review your current home insurance policy to ensure it covers short-term rentals. Many standard policies don’t include this coverage, so you may need to purchase additional insurance or switch to a provider that accommodates Airbnb hosting.
Do not rely on the insurance provided by Airbnb. The restrictions on that policy will not be sufficient if anything were to happen to your personal assets.
Tax Implications: Financial Responsibilities
Learn the basic tax implications of becoming an Airbnb property manager, as rental income is taxable.
Short term rentals often have additional local taxes that need to be remitted to local governments. The Airbnb corporate office has made extensive efforts to remit those taxes on your behalf, but not all jurisdictions allow them to do that for you. Check with your particular local area governing body.
Consult a tax professional to ensure you’re reporting your earnings correctly and taking advantage of any applicable deductions.
Listing Your Home on Airbnb
There are currently two types of listings you can create on the Airbnb online platform. The Airbnb experiences section is for local activity based listings. You will want to create a overnight accommodations listing.
In order to craft the perfect listing you must tap into sales, psychology, and search engine optimization. Get expert guidance on making your Airbnb stand out.
Creating an Appealing Listing: Stand Out from the Crowd
An attractive Airbnb listing is key to attracting guests and keeping a high occupancy rate. Showcase your home’s best features with high-quality photos and a detailed, engaging description.
Highlight unique amenities, local attractions, and the reasons why guests should choose your property over others. Check search results in your area of similar properties and feature something different for potential guests.
Setting the Right Price: Striking a Balance
Pricing your Airbnb appropriately can be a delicate balance between maximizing your earnings and remaining competitive.
When we first listed our personal home we priced very high in order to be one of the last properties booked. That worked well for us because we lived in the house and would only leave when someone booked our house.
Research comparable listings in your area and consider factors like seasonality, special events, and your property’s unique selling features when determining your price.
Managing Bookings and Communication with Guests: Building Relationships
Prompt and effective communication is essential for successful Airbnb hosting. Respond to booking inquiries quickly and maintain open communication with guests before, during, and after their stay.
Your ability to successfully walk the line of being available but not too pushy, will lead to positive reviews and repeat bookings. New hosts have a tendency to be a bit overbearing on the communication, which is a turn off for possible renters. Just be chill.
Purchasing an Investment Property for Airbnb
Are you a real estate investor ready to acquire new property for the sole purpose of joining the Airbnb industry? Sweet! An Airbnb investment is an exciting and lucrative business model.
Building a Profitable Portfolio
Business owners aren’t just going around buying properties for the fun of it. When executed correctly, an Airbnb investment can become a cash flowing real estate asset.
Deciding on a Location and Property Type
When considering where to launch an Airbnb with an investment property, location is crucial.
There are many important factors to consider before telling your real estate agent to make an offer. You should be looking at this purchase from a logical financial perspective, removing any emotional investment.
Popular Tourist Destinations: Capitalizing on High Demand
High density tourist centered cities generally have higher average daily rates, but they also come with a steep purchase price tag. These locations generally have a steady influx of visitors, however there is always more competition.
Business Hubs: Catering to the Corporate Traveler
Business hubs can also be a lucrative market for Airbnb hosts. Properties located near convention centers, corporate headquarters, or transportation hubs often attract business travelers seeking more comfortable and personalized accommodations than traditional hotels.
Unique and Niche Property Types: Standing Out in the Market
Consider investing in unique or niche property types, such as tiny homes, treehouses, or historic buildings. These properties can attract guests seeking a one-of-a-kind experience, setting your Airbnb apart from the competition.
Financing the Investment Property
The bar is a bit higher to obtain financing for investment properties. In recent years the real estate market has gone bonkers historic low rates to the fastest rising mortgage interest rates ever.
Be incredibly cautious and conservative in your estimates for potential income. I don’t want to see anyone buying a house they can’t afford in case you end up with a vacant property nobody wants to rent.
Mortgage Options: Traditional and Airbnb-Specific Financing
Contact several mortgage brokers to learn about options that will finance your investment property.
Traditional loans may be available in certain situations. Your full-time job income, size of downpayment, and your personal debt can all play a role in your ability to go with traditional financing.
Also, some lenders also offer Airbnb-specific financing tailored to the unique needs of short-term rental investors. One of the most important factors for these loans will be a history of success in the short-term rental space.
Carefully compare rates, terms, and eligibility requirements to find the best option for your situation.
Creative Financing Strategies: Thinking Outside the Box
Just because a typical bank loan isn’t working doesn’t mean your Airbnb business is a bad idea.
Don’t overlook creative financing strategies, such as seller financing, lease-to-own agreements, or partnering with other investors.
These approaches can provide more flexibility than traditional financing and help you secure an ideal property for your Airbnb venture.
Preparing the Property for Airbnb Hosting
Starting from scratch and making a house feel like a home takes a special touch. In my course I’ve got an entire shopping list from furniture to utensils that will ensure your guests feel like they are staying with a friend.
Renovations and Upgrades: Maximizing Guest Appeal
The first thing you should so is invest in necessary renovations and upgrades to ensure your property meets guest expectations.
Every dollar you spend on improvements should:
- Boost Comfort
- Increase Functionality
- Enhance Visual Appeal
- Create Additional Income
Many projects are substantially easier to complete when you have an empty house. Drywall, paining, flooring, bathroom remodeling, kitchen overhauls, electrical improvements – all of those are easier to do right in the beginning.
Do you want an exact shopping list to furnish and fill your Airbnb? This online course tells you ever item you need to launch a successful rental property.
Furnishing and Decorating: Creating an Inviting Space
Thoughtfully furnish and decorate your investment property to create a welcoming atmosphere that appeals to your target client. Choose durable, comfortable furniture and incorporate local art or design elements that reflect the property’s location or history.
A great way to build rapport and trust with your renters is to sprinkle photos of yourself and your family in the space. I know I’ll get some shade from super professional Airbnb mega hosts, but really, travelers feel like they know you when they see your pictures in the otherwise generic rental space.
Property Management and Maintenance
Your value as a rental owner comes in your ability to bring together a team to operate this investment. Do not half ass the creation of your Airbnb management team. These people will be the difference between building wealth or a huge financial mistake.
Here is a list of the key hires or connections you will absolutely need:
- Pest Control
- Virtual Assistant
- On Call Help
- Insurance Agent
- Real Estate Agent
Hiring a Property Manager (Optional): Streamlining Operations
Consider hiring a property manager to handle day-to-day operations, such as coordinating vendors, check-ins, and cleaning. This option is especially desirable if you want your Airbnb investment to be a passive income stream.
If a full-service property manager isn’t ideal financially, your next best option is to train a virtual assistant to manage your rental operation. A virtual assistant can be the guests point of contact as well as the person to manage all your hired team.
Regular Maintenance Tasks: Protecting Your Investment
Establish a routine maintenance schedule to keep your property in top condition.
Your housekeeper can be given access to your Airbnb account directly or through third party software in order to accurately schedule their shifts. Other service providers can visit your property on the agreed upon schedule or on an as needed basis.
Regularly inspect the property for issues that may require attention, such as plumbing leaks, roof damage, or appliance malfunctions. Promptly address any problems to minimize the impact on guests and preserve your property’s value.
Airbnb Arbitrage: Authorized Subleasing
All over social media there are influencers promoting rental arbitrage. These Airbnb hosts don’t own the properties they are posting to the online marketplace.
My two cents, which may be worth zero is that hosts engaging in rental arbitrage will eventually be banned either because of local rules or the Airbnb platform itself.
Profiting from Rental Market Opportunities
We can’t predict when our strong economy will crumble, so taking advantage of opportunities as they present themselves is necessary for success.
If rental owners are willing to let you pay long-term rent prices while simultaneously allowing you to profit from short-term rental income, make that bag.
Understanding the Concept of Airbnb Arbitrage
There are lots of property owners that just cannot bring themselves to enter the short-term rental market. For whatever reason they are going to stick to long-term rentals despite how much money they could be making on Airbnb.
Definition and Explanation: Mastering the Rental Game
Airbnb arbitrage is a strategy in which you rent a property from a landlord and then list it on Airbnb for a higher price. The difference between the rental cost and the income generated from Airbnb bookings becomes your profit.
This approach allows you to start an Airbnb business without purchasing a property, reducing upfront costs and financial risks.
Potential Risks and Rewards: Weighing the Pros and Cons
While Airbnb arbitrage can be lucrative, it also carries risks. Market fluctuations, unexpected vacancies, or changes in local regulations can impact your profit margins.
Additionally, maintaining a positive relationship with the property owner is crucial to your success. If the property owner decides to sell or terminate the contract you are left with a huge headache.
Indeed, your upfront acquisition costs are all cosmetic, such as furniture, decor, linens, and kitchen essentials. On the flip side, you are left with a huge physical burden if you are unable to extend your lease or the owner terminates your contract.
Carefully assess the potential risks and rewards before diving into Airbnb arbitrage.
Identifying Suitable Rental Properties
Finding the right market for Airbnb arbitrage is rarely the problem. Almost every rental market could benefit from a new vacation rental.
Your original business plan targeting a unique client base for that local area should be your guiding light. If the area is bursting with 1 and 2 bedroom listings, target larger long-term rentals to give the market something new.
Researching Local Rental Markets: Finding Hidden Gems
Investigate local rental markets to identify properties with the potential for Airbnb arbitrage. It is much easier to convince property owners to let you short-term rent their home if you live nearby.
Look areas with favorable local regulations. Within a metropolitan area there can be a large variance between short-term rental laws.
Research comparable Airbnb listings to estimate potential nightly rates and occupancy levels. The other nearby hosts may not have put as much time into learning how to start an Airbnb, and you can swoop in with your skills to do it better.
Negotiating with Property Owners: Crafting a Win-Win Agreement
Approach property owners with a well-prepared proposal that highlights the benefits of Airbnb arbitrage for both parties. Position yourself as a business owner looking to form a partnership.
Emphasize your commitment to maintaining the property, attracting responsible guests, and complying with local regulations.
Be prepared to negotiate lease terms, such as the rental rate, profit share, maintenance responsibility or the duration of the agreement.
Setting up and Managing the Airbnb Listing
Create the Airbnb listing with the same care you would if you were the owner. As far as potential guests are concerned you are the person in charge of this Airbnb property.
Creating a Competitive Listing: Attracting Your Target Guests
Craft a compelling Airbnb listing that appeals to your target guests, showcasing the property’s best features, location, and amenities.
Hire a professional photographer and write engaging descriptions to make your listing stand out in a crowded market.
Don’t create your listing in a vacuum. Have multiple people look over your Airbnb listing prior to publishing it on the website for rent.
Pricing Strategy: Maximizing Revenue
Develop a dynamic pricing strategy that takes into account factors such as seasonality, usage purpose, local events, and competition.
Regularly monitor your listing’s performance and adjust pricing as needed to optimize occupancy rates and profitability.
Dealing with Guests and Property Owners: Maintaining Harmonious Relationships
Your value comes from being able to maintain open and transparent communication with both guests and property owners.
As an Airbnb host it is your responsibility to respond promptly to guest inquiries, address any concerns, and solicit feedback to improve your listing. Never lie to guests about being the owner of the property.
Keep property owners informed about your Airbnb activities and address any issues that may arise.
Scaling the Airbnb Arbitrage Business
As a proactive hustler it is doubtful that you will want to stop at one Airbnb unit after successfully launching your first arbitrage. Growing your Airbnb rental business within the same area is smart, to a point. You don’t want to start cannibalizing your business.
Expanding to Multiple Properties: Growing Your Portfolio
Once you’ve mastered the Airbnb arbitrage model with one property, you’ll be looking for your next business opportunity. The ability to use all the same vendors and duplicate a lot of the upfront work you put into the first property is appealing.
Finding More Properties: Utilize Your Network
Your Airbnb rental success gives you upfront credibility as you look for your next Airbnb opportunity. The first property owner already knows you know how to start an Airbnb. See if that real estate investor has other properties you can arbitrage.
Put out a word of mouth search through social media and your existing networks. People are probably already talking about your Airbnb achievement, so may as well ask them to help you find your next property.
Developing Systems and Processes: Streamlining Your Operations
Create efficient systems and processes to manage your growing Airbnb arbitrage business.
Utilize property management software, automate communication, and establish routines for tasks like cleaning and maintenance.
Building a Team: Delegating Responsibilities
As your Airbnb arbitrage business expands, consider building a team to help manage the workload. Hire a virtual assistant, cleaning service, or landscaper to handle various aspects of your operations, freeing up your time to focus on strategic growth and business development.
Tips for Success in the Airbnb Business
You came to learn how to start an Airbnb and now you have three unique ways to become an Airbnb host. As you embark on this journey of creating income through real estate, there are some additional details I will share about becoming successful on Airbnb.
Going from idea to action sometimes needs an extra boost. More knowledge, step-by-step walkthroughs, and expert advice to launch you into action.
Excelling as a Host
Someone can execute the logistics of how to start an Airbnb without understanding the nuances of being a good Airbnb host. Hosting is more of an art than a science.
My best advice for new hosts is to keep learning. You can continuously improve an already great business by being open to new information.
Providing Exceptional Guest Experiences
The only thing standing between you and a positive review is creating an amazing guest experience. Of course, since everyone is different, this means each new booking is dance between you and the incoming renter.
Effective Communication: Setting the Foundation for Guest Satisfaction
Clear and timely communication is essential for a successful Airbnb business. Respond promptly to inquiries, provide detailed check-in instructions, and remain available to guests during their stay to address any questions or concerns.
Effective communication is not the same as frequent communication. Guests are on vacation and don’t want to be bothered with an overbearing host questioning them or bothering them repeatedly.
Personal Touches and Local Recommendations: Enhancing the Guest Experience
Go the extra mile to make your guests feel welcome by adding personal touches to your property. Leave a welcome note, provide a small gift, or provide coupons to local establishments.
Offer local recommendations for restaurants, attractions, and hidden gems that guests may not find in guidebooks. These thoughtful gestures can create memorable experiences that set your Airbnb apart.
Managing Your Airbnb Listings Efficiently
When you learned how to start an Airbnb there might not have been as much emphasis put on how to run an Airbnb. Those are two totally different things.
Using Automation Tools and Software: Streamlining Your Workflow
Leverage technology to simplify and streamline your Airbnb management tasks. Utilize property management software, automate messaging, and sync calendars across multiple platforms.
These tools can save time, reduce the risk of errors, and enable you to manage your listings more efficiently. You can grant access to any of your hired vendors that could benefit from being in the loop.
Staying Organized: Keeping Track of Your Airbnb Business
Establish systems to help you stay organized, such as maintaining a master calendar, tracking expenses, and documenting guest correspondence.
Staying organized will help you manage your Airbnb business more effectively and make it easier to track your progress and plan for growth.
Running Your Airbnb Business Remotely: Go Enjoy Your Life
Once you create a steady income you might be ready to utilize your income to travel the world. Avoid these common host mistakes in order to continue enjoying a passive income while you live abroad.
Your Airbnb hosting business does not require you to stay put in one location. The great news is that you can continue running your Airbnb remotely.
Continuously Improving Your Listings & Units
You dedicated a lot of time and energy into learning how to start an Airbnb and now you get to shift into better understanding how to grow your Airbnb business. This is not a set it and forget it business.
Make Small Tweaks to Your Airbnb Listing: Improve Search Results
When you originally wrote your Airbnb listing you had only a certain amount of knowledge. With every new booking you are learning more and more about the Airbnb industry.
Continuously read and re-write parts of your profile to better optimize and stay relevant in the Airbnb search results. Include keywords from upcoming events or add new amenities.
Furthermore, Airbnb regularly adds new sections that are easily searchable by travelers. You always want to make sure your Airbnb listing has filled out every available section as they come available.
Seeking Feedback from Guests: Learning and Growing
Actively solicit feedback from your guests after their stay. Ask for their thoughts on the property, amenities, and any areas for improvement.
Use this feedback to make adjustments and enhancements to your Airbnb listings, ensuring they continue to meet guest expectations and remain competitive.
Monitoring Competitors and Market Trends: Staying Ahead of the Curve
Regularly monitor local competitors and market trends in your area to stay informed about changes in pricing, amenities, and guest preferences. Don’t assume nothing is going to change in your sleepy little town, rapid changes happen before your very eyes.
If all of a sudden everyone in your area adds outdoor yard games like croquet and badminton, that’s your sign to do add those plus more. Upgrade your property as needed to stay ahead of the competition and capitalize on emerging opportunities in the Airbnb market.
Recap 3 Unique Ways Explaining How to Start an Airbnb
In this guide, we’ve explored three unique ways for how to start an Airbnb. Each method has it’s own benefits and challenges. By starting an Airbnb rental business you can tap into the growing home-sharing market and diversify your income.
As with any worthy business venture, you must be willing to take the first step.
Converting your Personal Home into an Airbnb
The property you own and live in is the easiest way to start a rental business. From renting out an individual bedroom, creating an accessory dwelling unit (ADU), or making the whole house available, you have lots of options.
This option is amazing because you retain the wealth advantages of home ownership even if you decide to move away to live abroad. The equity you continue to gain is very valuable long term.
Purchasing an Investment Property for Airbnb
Obtaining a new property to launch your Airbnb rental can be very financially beneficial. Careful market research and savvy business decisions are required to avoid real estate investment failure.
In the end, you obtain an entire real estate portfolio that gets paid off by Airbnb renters over the years. Each new property you purchase grows your family wealth both through cashflow and real estate.
Airbnb Arbitrage: Authorized Subleasing
Launching a successful Airbnb business no longer requires property ownership at all. You can convince landlords to rent you their property at long-term rental prices and sublease it for the higher rates of a short-term rental.
Your initial start up costs are lower although not non-existent. Furnishing and decorating your Airbnb arbitrage property is a lot less commitment than owning the entire home.
Implementing Tips for Success
We’ve also shared valuable tips for how to start an Airbnb business. You now know the three ways real estate can create a short-term rental income.
Launching an Airbnb business requires action, persistence, and the right property. It’s not enough to read an article on how to start an Airbnb business if you then decide to just go back to mindlessly scrolling social media.
Time to invest in your future Airbnb success. Stop saying you need more information and simply choose to take action by taking this course.
Taking the First Step Towards Your Airbnb Goals
Now that you’re equipped with the knowledge and insights of how to start a successful Airbnb business, it’s time to take the first step towards achieving your hosting goals.
By carefully considering your options, investing in the right property or rental, and committing to providing outstanding guest experiences, you can unlock the potential of the thriving home-sharing market and build a lucrative source of income.
Your Airbnb hosting journey awaits – seize the opportunity and watch your dreams take flight.


Transfer Pricing by the Canadian Oil Industry: A Company Analysis
The Canadian oil industry has been the subject of several debates with respect to charges of transfer pricing. On the basis of a large data set, which includes all oil shipments into the US and Canada from 1974-84, the first direct test of manipulative transfer pricing, based on actual company behaviour, is performed. Particular attention is paid to the multicollinearity problem which arises in this context. Through regression analysis it emerges that the six largest Canadian affiliates of multinational corporations paid crude-oil import prices which were generally equal to or lower than prices of third-party transactions for a country in a given year. This is a fairly robust result which highlights the existence of manipulative transfer pricing. In the present case, the practice was beneficial to Canada.
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Zillow (Z) is down but not out
Zillow (Z) shares got a swift kick in the nuts thanks to soft Q4 guidance. Q4 guidance is for revenue of $30M-$31M, below a $32.5M consensus. Q4 adjusted EBITDA expected to total $3M-$3.5M, down from Q3's $7.6M.
This is typical Wall Street short-sightedness and a great opportunity to load up on shares below $30.
Here is what investors should be focusing on. Revenues were up almost 67.5% over the year ago period. For the quarter, Zillow reported record third quarter revenues of $31.915 million, which beat analyst estimates of $31.66 million. On an earnings per share front, the company reported a profit of 7 cents per share, matching expectations. In the year ago period, Zillow reported revenues of $19.057 million, and a 2 cent per share loss.
What a lot of investors don't realize are the reasons why Zillow lowered guidance. Zillow is switching from making money primarily on advertising to making money by providing leads to real-estate agents and mortgage lenders. This sounds smart in the long term, because lead generation is a business that adapts much better to mobile, and Zillow is now getting more views of homes on mobile than it is on its desktop website.
Also, Zillow is taking foreclosure listings in-house. To expand its database, Zillow now gets data from county records on foreclosed homes and lists them on its site for buyers for free. It used to sell ads to a company called Foreclosure.com. That revenue has gone away.
Mastery Bottom Line:
Make no mistake, Zillow is still a speculative stock. However, if the housing market is truly bottoming out like many think it is, now is a great time to get in. If you've used Zillow you know how powerful a tool it is. I for one can't imagine buying real estate without it.
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Economics is the study of various factors that affect the economy. The primary goal of this type of research is to make sound economic decisions. Economists use a variety of tools to do their work. Some methods are simple, while others are much more complex. Here are some basic concepts for you to understand. Here are a few of the most common methods. This method is the most basic of all. It is used to examine the feasibility of a proposed project.
The goal of economic analysis is to maximize the value of a market. The monetary valuation of an alternative is based on the discounting of its costs and benefits over a set period of time. This process also involves evaluating the total net benefits of the alternatives. The results of an economic analysis can help policy makers make decisions about their future. Several economic models are available for the analysis of different industries and sectors. This is a useful way to find the optimal solution for your organization.
An economic analysis should be based on a definite question. The answer should be based on the value and consequences of the alternative. Depending on the industry, it is also helpful to examine a few different factors. These factors include: The economic impact of a policy; the effect on the economy; the value of a service; and the cost of a product or service. This type of research will help you determine which approach is best for your business.
The goal of economic analysis is to maximize an individual’s subjective preferences. As the basis for all decisions, the aim of an economist is to maximize a person’s perceived wants and needs. The monetary benefits of a policy will ultimately depend on whether or not the policy will create the desired effect. So, while a decision maker may make decisions based on these criteria, it is important to consider the costs and benefits. This way, you’ll be able to make a better decision.
The goals of economic analysis are to maximize aggregate realization of preference satisfaction. In economics, efficiency is defined as the ability to produce a desired effect with minimal effort, expense, and waste. In other words, efficiency is the ability to maximize value when a particular allocation of resources is made. Usually, the benefits of a product or service are measured as willingness to pay. This is called the cost of opportunity. This cost is considered an incentive to invest in a product or service.
In the case of real estate, an economic analysis is a tool used to compare the benefits of a program versus its costs. The goal of an analysis is to maximize the value of the money spent on it. It is used to determine the cost-effectiveness of different investments. In a cost-effectiveness analysis, you compare two interventions and determine which one generates more benefits. This is a method of comparing the costs and benefits of a policy.
The cost-benefit analysis aims to maximize the value of an item versus its opportunity cost. This method is often based on benefit-cost analyses. The costs involved in a project are the benefits of its implementation. The costs are the result of the benefits the business will obtain from it. A cost-benefit analysis will be a cost-effective way to decide on the best course of action for your company. But it will also require an economic analysis to determine whether or not a project is worthwhile or not.
The objective of an economic analysis is to maximize the utility of a certain option. The cost-benefit analysis is a comparison of the costs and benefits of two alternatives. The difference between the two options is measured in the difference between the benefits of the interventions. The costs are the outcomes of the policies. The advantages are the advantages. However, the cost-benefit analysis is a complex and time-consuming method of determining the value of an option.
The cost-benefit analysis focuses on the cost-benefit analysis and monetary effects of a particular program. Its objective is to compare two alternatives and choose the one with the most benefits. As such, it is the most common method of economic analysis. It is also the most popular one. This method is known as cost-effectiveness analysis. The goal is to determine which option has the lowest impact for the least amount of money.


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Alstom won a three-year contract from the San Francisco Municipal Transportation Agency (SFMTA) to provide vendor managed inventory (VMI) services for the agency’s rail fleet. Worth more than $50 million, the contract includes two exercisable two-year options and follows an original contract signed in 2013. Alstom will continue to provide SFMTA parts, inventory planning and automated part replenishments, and management and oversight of the VMI program. The company also will provide as-needed technical and engineering services. Alstom will provide the VMI service to SFMTA from its Vallejo, California, facility.Sound Transit has chosen dFuzion Inc.’s rMetrix® ride performance assessment system to help improve ride quality and comfort monitoring of rail lines and vehicles. The rMetrix system — which incorporates GPS and accelerometer sensors — changes the way ride quality data is collected, stored, analyzed and displayed, dFuzion officials said in a press release. The system is designed to monitor, collect and analyze geo-spatially correlated ride quality data, and make safety and maintenance recommendations in real time.Mitsubishi UFJ Lease & Finance Co. Ltd. subsidiary MUL Railcars Inc. (MULR) reached a milestone Nov. 20 by leasing its 10,000th rail car. Over the past year, MULR has doubled the size of its fleet to more than 10,000 cars. The company plans to continue growing a diverse portfolio of cars through primary and secondary acquisition channels, MULR officials said in a press release. By 2020, MULR expects to expand its portfolio to 25,000 cars.
CIT Group Inc. has named Robert Rubino president of CIT Bank N.A., the firm’s banking subsidiary, effective Feb. 25. He will join the company’s executive management committee and report to Chairwoman and Chief Executive Officer Ellen Alemany. Rubino will be responsible for the oversight and growth of the commercial banking divisions, including commercial financing, real estate financing, equipment financing, commercial services and rail-car financing. He most recently was co-president of Santander Bank N.A. and head of commercial banking.
AllTranstek LLC has promoted James Dinell to vice president of technical services. He assumes responsibility for the day-to-day operations of the company’s four technical groups: nondestructive testing, welding and special processes; regulatory compliance; fleet engineering; and inspection services. Dinell joined AllTranstek in 1999 and was instrumental in the formation of the firm’s technical services group. AllTranstek provides fleet management services and tank-car technical expertise, and manages more than 275,000 rail cars in North America.
LTK Engineering Services has promoted Ernest Chance from vice president of the South Atlantic Region to VP of the Southeast Region; Winston Simmonds from senior systems consultant to VP of the DC Metropolitan Region; David Diaz from VP of special projects to VP of the Middle Atlantic Region; and Raymond Carini from VP of the Middle Atlantic Region to senior VP. Chance has more than four decades of experience in the transit/railroad industry and will continue to manage the Washington Metropolitan Area Transit Authority’s (WMATA) 8000-series vehicle procurement program. Simmonds has more than 28 years of project, engineering and construction management experience in the transportation/public transit industry, and will continue managing WMATA’s 7000-series vehicle procurement program. Diaz has more than 30 years of experience as an engineering project leader with expertise in all segments of railroad and transit disciplines. A 38-year LTK veteran, Carini has extensive experience with large-scale projects involving design, implementation, rail-car procurement and planning.
CP and grain: New high efficiency train, new monthly volume mark »
FRA certifies PATH's PTC system »
WMATA extends RFP deadline for Silver Line extension operator »
Delmarva Central Railroad to operate two Delaware-owned rail lines »
Amtrak to install digital info system at Philadelphia station »


IFRS 16: profitability indicators and financial decisions
Thursday, 20 of August 2020
Participate in this webinar and discover more about our Study Diploma in Financial Management and Controlling with which you can apply the principles of financial management and controlling to organizational strategies. As well as, develop internal control and management systems designed to protect the assets of a company. You will also design strategies and measures to control the capital structure of a company; managing to compare financing methods based on balanced financial policies.


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Temple University - Fox School of Business and Management
Trade Credit Receivable, Firm Heterogeneity
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Balancing top-notch customer service and amenities and costs is a huge challenge for airlines. JetBlue’s structured cost-cutting program is starting to touch bits that passengers will experience and that could be bad news, especially juxtaposed against a backdrop of the company’s new ad campaign.
United Airlines has heard the stroopwafel pleas. After removing the Dutch treat from its cabins in mid-2018 the carrier reintroduced them in a limited fashion earlier this year. As of 1 July 2019, however, the snacks will be available for economy class passengers on every domestic flight, regardless of departure time.
JetBlue is making two significant changes to its inflight service process in the coming months. The carrier will switch from Coke to Pepsi for the complimentary beverages in “Core” economy class. The carrier will also transition away from the single-serving mini water bottles to a poured offering from 1.5L bottles. The changes will begin to fly in early June 2019.
Surprised that changes are coming to United Airlines’ Polaris service? Apparently the cuts are coming because of customer preference, so there’s that.


From the beginning of April, SOB and Potovn spoitelna will be among a group of banks that hold credit cards for two and 55 days without a year to repay the debt. It won’t be free. At the same time, increase the annual rate for those who do not have time to pay the total debt in the immediate period.
For classic credit cards, 55 days is the longest period. Only banks that, in cooperation with external partners, also issue so-called cobrand credit cards, also offer a long-term period.
For example, a client of Komern banka, the holder of a T-Mobile Bonus card credit, has a fixed period set for 76 days. Similarly, Raiffeisenbank’s clients have the option of repaying the debt without a year and within 55 days for selected cobrand cards. Among banks with the longest uninterrupted period, you can also go to mBank, a client without a year can pay within 54 days.
On the other board with the shortest equivalent period of 40 days, esk spoitelna with its Smart Card with one optional service.
Ron’s rate is around 15, but also 26 percent
Although SOB and Potovn spoitelna have been improving their clients for an extended period, on the other hand, those who do not pay your installments will raise the annual rate from 1 April.
Initially, the one-year annual rate for credit cards should be up to 31 March by the same 19.20 percent. From the following month, the SOB bag will raise it to 19.90 percent and Potovn spoitelna to 20.90 percent.
The vast majority of banks give him credit cards set differently in different years. These depend mainly on the type of card, in mBank, for example, on the fee for keeping the card.
At the lowest rate of 14.80 percent, mBank clients can pay a fee of CZK 590 for a credit card. Home Credit is on the main market with an annual rate of 26.28 percent.
|Ron years rate for credit cards|
|Bank||In years rates|
|Citibank||22,80 – 29,99 % (1)|
|esk spoitelna||18,70 – 23,88 % (2)|
|UNDER||19,90 % (3)|
|GE Money Bank||21,48 – 23,88 % (4)|
|Komern bank||19,90 – 21,90 % (4)|
|LBBW Bank||18,48 %|
|mBank||14,80 – 23,80 % (5)|
|Potovn spoitelna||20,90 % (6)|
|Raiffeisenbank||17 – 25,08 % (4)|
|UniCredit Bank||15,96 – 23,40 % (4)|
|Home Credit||26,28 % (7)|
|Source: financial companies
Note: (1) by card type, 29.99% for cash withdrawal; (2) by type of service, 23.88% for cash vbr, (3) salary rate from 1 April 2011, to 31.3. is 19.20%; (4) by card type; (5) according to the fee card fee; (6) salary rate from 1 April 2011, to 31.3. is 19.20%; (7) rate of 11.88% for exhausted sewer over 30 thousand crowns
If you use a credit card to withdraw cash, prepare for the next year, not in the case of non-cash payments at merchants. For example, Citibank will have a debt ratio of 29.9 percent, while 2.49 percent of the current debt will be around.
Free services: extended check and emergency assistance
In addition to the ability to borrow for a period of no year, banks offer credit card owners free of charge and various benefits. In addition to standard services, such as card blocking, changes to credit limits and the issuance of additional credit cards, clients have goods purchased with credit cards that are safe against damage and damage. SOB clients, esk spoitelny for Chytr karty, and Komern banka for the new Lady karta product, for example, will meet this benefit.
Interesting bonuses include the extension of the standard two-year cancellation by one year for goods purchased via credit card. This option can be used by the creditors of SOB and Komern banka, as well as by Cetel.
GE Money Bank dritelm credit cards Money Card Gold provides free assistance services in the field of Home Assistance and Lifestyle Assistance. “Home Assistance is a program that offers immediate help in the event of an accident in an apartment. Lifestyle Assistance is a kind of pocket assistant who orders free telephone services for the client, such as flowers for a wife or a restaurant for dinner, etc., ”explains Hana Miencilov from GE Money Bank.
Credit card holders at many banks use various bonus programs, which, according to them, charge them various points. They can then exchange them for goods and discounts. The owner of some types of credit cards, Raiffeisenbank, UniCredit Bank or Cetelem, can meet this.


We have our first Cornish crosses at about five weeks old. While doing research on costs to raise and possible selling prices, one article mentioned selling chicken livers, gizzards, hearts and feet at $3.50/lb. I think I'll be fortunate to get $2.50 a pound for the whole chickens. Do processors usually save these parts, and do you think anyone would buy them? I saw some recipes, but it's not something I personally want to eat.


The Australasian Accounting, Business and Finance Journal is a double blind peer reviewed academic journal. Within the Autumn Time period you may develop core information and expertise in numerous areas of management which have an emphasis on enterprise finance. Within the second term, two non-compulsory modules give you the likelihood to specialize in explicit areas of economic management. Because it’s launch in September 1964 as Ireland’s first enterprise journal, Enterprise & Finance has celebrated over 50 years delivering insightful information, comment and evaluation to and about the Irish and worldwide enterprise neighborhood.
The key begins with units on quantitative analysis and economics that reach your studying from the core units of our Bachelor of Enterprise diploma. You’ll then be exposed to core ideas and expertise in finance, together with financial devices, capital planning, funds acquisition, asset and debt management, financial evaluation, and investments administration.
One other function is that the … Read More
Business and Finance supports the College by way of progressive thought and leadership, collaboratively selling the very best interests of the College, influencing cultural change, and being effective stewards of assets by offering top quality services. Professionals in business finance should usually earn at the very least a bachelor’s diploma in an applicable area, though necessities fluctuate by position and employer. Many schools, universities and vocational colleges provide levels in business finance or levels in enterprise administration with finance concentrations. Such programs have a tendency to incorporate coursework in investment analysis, international finance, accounting and managerial finance. Some advanced positions, like these in financial analysis and management, could entail a grasp’s degree, licensure, certification or a mixture of these requirements. Below are just a handful of articles describing degrees that will put you on the monitor to a career on this field.
This theme continues in the second year with … Read More
Dynamics 365 for Finance and Operations, Enterprise version, is now Microsoft Dynamics 365 Enterprise Central—a robust all-in-one enterprise administration resolution. To be able to achieve the award of Bachelor of Arts (Honours), a scholar should satisfy the College necessities of 360 credits. A pupil who doesn’t want to progress to a subsequent 12 months of research may apply for an intermediate award of Diploma of Larger Education if they go a minimal of 240 credits. A Certificate of Increased Training could also be awarded to a scholar with minimal of one hundred twenty credits.
The LJMU bursary is robotically paid to eligible students – you do not want to apply for it. The annual bursary is £500, which works out at £1,500 over a three year degree. For college kids who complete the placement, their dissertation shall be accomplished after the placement has completed and submit by the second half … Read More
Dynamics 365 for Finance and Operations, Enterprise version, is now Microsoft Dynamics 365 Enterprise Central—a strong all-in-one business management solution. Business Economics: College students will develop a sound data of the speculation of enterprise economics and its functions, as well as buying an understanding of (i) the relationship between government and business and (ii) the macroeconomic environment of enterprise. Subjects embrace fundamental financial problems, analysing market structure, enterprise technique in different market constructions, business activity, employment and inflation, globalisation and multinational enterprise.
We also work with organisations to develop our course programme. For example, we’re working with SAP , the world’s largest business software company. Throughout our second yr module, Managing Systems, college students achieve sensible expertise working as a crew to handle a business state of affairs by using SAP’s Enterprise Resource Planning system, which is considered business-normal software program.
Another feature is that the emphasis on the utilized … Read More
Enterprise and Finance supports the University by way of innovative thought and leadership, collaboratively selling the best interests of the University, influencing cultural change, and being efficient stewards of sources by providing top quality companies. The Liverpool Business College is a supportive setting in which to study and the ‘scholar-centred strategy’ of your tutors will guarantee that you’re given the assist and steerage you want. You may be assigned a private tutor. They are going to arrange one-to-one tutorials with you to discuss a chunk of coursework or to work with you on your personal improvement plan.
When contacting one in all our students for the primary time, please introduce your self and the Master’s programme you have applied for earlier than you outline any questions you may need. An excellent business plan is essential to convincing a lender to offer you finance. We explain how one can write a … Read More


On Might 31, 2012, the U.S. District Court for the District of Columbia held that the Fair Credit Reporting Act requires a vehicle dealer to disclose to a auto purchaser that adverse credit history resulted in a larger interest rate on the buyer’s auto loan – even if the dealer was not the 1 that reviewed the credit history since only a bank or finance organization did so. The case is National Automobile Dealers Association v. Federal Trade Commission , Civ. As a matter of fact, Michigan’s new-vehicle dealers account for about 15% of the state’s tax earnings! Jim Radogna is a nationally-recognized auto industry consultant specializing in dealership sales and finance department legal compliance. Although these states had no caps on dealer costs, a private lawsuit in South Carolina resulted in a $three.six million verdict and an lawyer general action in Indiana resulted in a $625K settlement. The broker can get some technical coaching and on the job understanding, he may possibly be necessary to join an association. I do not drive (will have to create about that 1 day) but yes, the auto has changed items.
The New Vehicle Dealers Association of BC provides solutions, merchandise, consultants and benefit partnerships to its dealer members. If a manufacturer sees that Tesla is effective with this sort of organization model, who’s to say they don’t break out their own EV solution lines and develop a separate method that bypasses dealers?”, said the Massachusetts State Automobile Association executive vice president Bob ‘Koniewski. There would be no proper roads since our highways have been designed particularly for the automobile.
The thought is that if a dealership charges one consumer a charge, it has to charge everybody the very same fee to avoid possible litigation. The reasoning is that if a dealership charges one particular client a fee of any type they have to charge absolutely everyone the exact same charge, or they open themselves up to a lawsuit. Understanding the appropriate auto for a specific client is the line amongst good results and failure as an automobile broker.
Several of the members of the Detroit Auto Dealers Association participate in the NAIAS, LLC, which is accountable for the production of the North American International Auto Show (NAIAS). Our Executive Committee includes dealers selected by every single of the key regions and the President of CADA. The major sources utilized by brokers to get vehicles are automobile dealers, auto-vehicle shows, and public auctions. On U.S. 27. About 4,400 population, income under the Indiana state typical (which is itself beneath the US average). Automobile brokerage is excellent enterprise if you can uncover paying consumers and supply very good service.
The Association speaks on behalf of British Columbia’s new automobile business to the public, media, and government, and bargains with the legal, environmental, and customer concerns relating mainly to new automobile sales in British Columbia. CADA was incorporated as the Cleveland Automotive Trade Association (CATA) in 1915 as a corporation for profit.


Smart-beta indices are constructed to exploit “anomalies” that reward exposure to risk factors beyond what would be expected as “necessary compensation” under the Capital Asset Pricing Model (“CAPM”). Of course, any factor that results in nominal outperformance must be considered on a risk-adjusted basis, since taking on higher risk should engender a greater reward – and investment researchers at S&P Dow Jones Indices think at least some factor “anomalies” aren’t anomalies at all, but just rewards for greater-than-understood risk-taking.
Even still, among the remaining anomalies, the researchers think many are “disappearing,” “statistical,” or “attenuated” – and only a few are truly “persistent.” Writing on behalf of S&P Dow Jones, academic Hamish Preston and S&P Dow Jones Index Investment Strategy professionals Tim Edwards and Craig Lazzara express these views in an October 2015 research paper titled “The Persistence of Smart Beta.”
Disappearing anomalies don’t last. A great example shared by the paper’s authors is the so-called “Weekend Effect” that was popularized by Frank Cross in 1973. Mr. Cross discovered that if investors had bought stocks at their closing prices each Monday and sold them at their closing prices each Friday – avoiding the weekend and the Monday trading session – they would have dramatically outperformed a “buy and hold” strategy from 1950 to the time of his research.
But then, almost immediately after the Weekend Effect became well known, the anomaly didn’t just disappear, it reversed. The Weekend Effect rebounded in 1984, only after another academic research paper called it into question – and then when a paper called “The Reverse Weekend Effect” was published in 2000, the old Weekend Effect returned.
As soon as investors gained knowledge of the Weekend Effect, it reversed. When knowledge of the reversal became widespread, the reversal reversed. Now it’s taken as a given that the Weekend Effect was a coincidence – hence, it was a disappearing anomaly.
Perhaps a better approach is for investors to keep knowledge of anomalies they discover secret – that way they may be less likely to disappear. This is what David Dolos did when he discovered that applying the price movements of the 1720 South Sea Bubble – second only to Tulip Mania in episodes of old-school irrational exuberance – to the Dow Jones Industrial Average inexplicably produced outsized returns. Mr. Dolos never told anyone about his discovery, and he reaped the rewards in anonymity until 2007, when the system broke down.
Why? Well first off, David Dolos didn’t exist. The story is made up, and although the 1720 South Sea Bubble was real, the South Sea Bubble effect was data-mined into existence. As the paper’s authors note, modern computing power can easily produce “false positives” – i.e., anomalies that are purely statistical in nature. In order for an anomaly to be persistent, it must make logical sense.
Momentum is one of the most popular factors. Academic research supports its outperformance, and the concept of momentum stocks – stocks that are going up – outperforming non-momentum stocks makes logical sense. The momentum anomaly is known to anyone who cares to know about it, and yet this knowledge hasn’t caused the anomaly to disappear – instead, it has reinforced it.
The downside is that since investors have become aware of the momentum anomaly, its drawdowns have been bigger. This is what the S&P Dow Jones authors mean by an “attenuated anomaly.”
In 1997, Mark Carhart published a study that showed adding momentum to the famous Fama-French three-factor model boosted returns. This caused more money to flow into momentum stocks, ultimately leading to bigger drawdowns during crashes.
Are there any truly persistent anomalies? The authors say there is at least one: Low volatility. But they conclude with a word of caution: “So far, the investment and attention directed toward low-volatility strategies has not been sufficient to temper their returns or attenuate their risk/return profile.” So far.
As the well-known disclaimer says: “Past performance does not necessarily predict future results.”
For more information, download a pdf copy of the white paper.
Jason Seagraves contributed to this article.


The Kremlin on Monday tried to dismiss a drop in President Vladimir Putin’s sky-high approval ratings after a hugely unpopular government proposal to hike the state pension age.
The Russian government has proposed raising the pension age to 65 for men and 63 for women, which would be the first increase in nearly 90 years.
The measure was unveiled the day the World Cup kicked off in Russia last week.
Even though the move was announced by Prime Minister Dmitry Medvedev, state-controlled pollsters registered a rare decline in Putin’s stellar approval numbers.
According to FOM, a state pollster, 69 percent of Russians approved of Putin’s work on June 17, down from 75 percent on June 10, days before the announcement.
Sixty-seven percent of respondents said they trusted Putin, down from 75 percent over the same period.
Another state pollster, VTsIOM, registered a similar decline.
“I would not exaggerate this,” Putin’s spokesman Dmitry Peskov told reporters.
“Putin treats this rather pragmatically – for him the most important thing is the continuation of his work.”
“And he never acts with regard to ratings in such cases. The interests of people top everything for him,” Peskov added.
A legacy of the USSR, Russia’s retirement age — set at 55 for women and 60 for men since the early 1930s — is currently among the lowest in the world.
Given the country’s demographic decline, the current system represents a growing burden for the federal budget.
Currently 25 percent of Russians are above retirement age, a proportion that has risen every year for the last decade, according to the state statistics agency.
Eighty-two percent of Russians oppose lifting the state pension age, according to the FOM pollster.
As of Monday, more than 2.4 million people had signed a petition against the move, in a rare show of public opposition to a government proposal.
Keen to tap into public anger, Putin’s top critic Alexei Navalny urged Russians to take to the streets in protest on Sunday.


VICTORIAN taxpayers could be asked to throw a financial lifeline to the state’s desalination plant, after the Government agreed to underwrite its new private partners in the multibillion-dollar project.
The AquaSure consortium, led by French water company Degremont, yesterday was named as the winning bidder to design, build and operate the $3.5 billion water factory, which is hoped to secure Melbourne’s drinking supplies at a cost of rising water prices.
Crucial financial details — including how much taxpayers will pay at times when the plant is not producing water — will remain secret until the deal is finalised in September.
More than two years after the plant was first announced, the controversial project has weathered fierce opposition on the Bass Coast, a Federal Court challenge and a major economic downturn to become the centrepiece of the State Government’s water plan.
With a maximum production of 150 billion litres each year, the plant could supply more than a third of Melbourne’s annual water consumption, and will begin pumping water to Cardinia Reservoir in late 2011.
The losing consortium included French corporation Veolia — making it the second time in recent weeks that Veoliahas lost a major tender in Victoria, after its subsidiary Connex was dumped as the operator of Melbourne’s trains.
Desalination will be a major factor in household water bills rising up to 64 per cent within four years, but the Government’s surprise decision to act as the project’s guarantor means taxpayers could end up paying even more in the short-term.
The chairman of the winning consortium, Tony Shepherd, said AquaSure had secured $800 million in equity and $4 billion in debt, and would now seek to sell down its debt to superannuation funds.
Premier John Brumby said the Government would take the debt off the consortium’s hands at commercial rates if buyers for the debt could not be found. But Mr Brumby stressed he did not expect this to occur.
Sources suggested the Government’s maximum lifeline would be less than $2 billion, and it is hoped that some of the 10 banks aligned to the unsuccessful bid would seek to become involved with AquaSure.
Another source intimately involved in the desalination tender process said the Government’s role as guarantor was a symptom of the economic downturn, and would not have occurred in the economic climate of two years ago.
Mr Shepherd said the project was ‘‘by far’’ the biggest public-private partnership (PPP) in the world since the global financial crisis began.
Yet with the ultimate risk carried by the Government, Monash University expert Dr Graeme Hodge questioned whether it should be called a PPP at all.
‘‘Having a background government guarantee puts a new label on the project. Is this a public-private partnership for infrastructure or is it an industry support mechanism, a donation to the construction sector?’’ Dr Hodge said.
The Nationals leader and member for Gippsland South, Peter Ryan, said underwriting the project ‘‘defeats the basic purpose of having a PPP’’.
Under the deal announced yesterday, the Government has committed to making fixed, periodical payments to the private operators, even in times when no water is required.
The Government is also bound by a water use fee, which rises and falls depending on how much water is supplied.
While it has retained the right to order no water in a given year, the Government will still have to pay a fixed, periodic payment for the 30 years of the contract. More details of how much those fees will cost Victorians are expected to be released in September.
The contract forbids the private operators from selling water to anyone other than government-run water authorities.
Water Minister Tim Holding would not say what dam levels would be required for the Government to stop ordering water from the plant.
However, Melbourne’s water retailers have been told to expect the plant to operate at full capacity if the city’s dams are below 65 per cent on March 31 each year.
An 11-hour push from the Government for the plant’s power connections to be buried underground succeeded, with both bids abandoning the option of connecting the plant to the electricity grid with 85 kilometres of overhead power lines.
It was a massive win for local campaigners, many of whom are farmers. Around 75 per cent of public submissions to the Environmental Effects Study into the project were focused on power lines.
Despite earlier plans for a two-year, two-kilometre exclusion zone along neighbouring Williamsons Beach, Mr Brumby yesterday said the beach would now stay open.
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Top 10 Insurance Markets by State


To be an investor, you first need money to invest. That ultimately comes from running a surplus. The same holds true for countries. The ones who run a surplus can create huge portfolios of assets. Chinese sovereign funds are nearly $1 trillion.
The Economist had a chart showing the hierarchy of countries that pay themselves first. The US and Canada pays these guys first too.


Soaring rents 'have reached upper limits'
The cost of renting a home has again shot up - but there are tentative signs that the rate of increase is easing off.
However, experts said rent rises were slowing because landlords now realised that tenants couldn't afford to pay more for their accommodation.
New figures show the cost of renting across the State was up by almost 9pc in the three months to September.
It now costs close to €1,000 a month nationwide to rent a typical property.
John McCartney at estate agency Savills said rents had gone up by 40pc in Dublin since they fell during the downturn.
He added people were now unable to bear higher rents.


Village commerce startup 1Bridge raises $2.5 million funding
The funding for the Bengaluru-based company was led by Netherlands-based impact investor C4D Partners, an early investor since the last four years, who have doubled their commitment.
ET Startup Awards 2016: How AgroStar is making a profit while making a difference
The startup has partnered with more than 150 brands, including multinational companies such as Syngenta to provide raw materials, seeds.
RubanBridge: Head Held High to now focus on connectivity for corporates in middle India
Head Held High Services has pivoted its model to focus on an initiative called RubanBridge, which facilitates local youth to provide connectivity for corporates.
BACK TO TOP


Remote working is the new norm after the outbreak of the Covid-19 pandemic. Though some destinations are still inaccessible due to travel restrictions for foreigners, but a few countries are open and welcome foreigners with open arms. The UAE is one of them.
Travel portal Lonely Planet has named the UAE among the world’s top 10 countries for remote working, thanks to city-wide WiFi, sunny weather and multi-cultural work atmosphere.
Importantly, Dubai recently launched a programme that enabled overseas remote working professionals to live in the emirate while continuing to serve their employers in their home country.
The move provides remote workers - and their families - the opportunity to relocate on an annual basis to one of the world's leading tourism and business destinations and enjoy a safe and high-quality lifestyle underpinned by a strong digital infrastructure that provides seamless connectivity.
Below are the top 10 countries for remote working professionals released by Lonely Planet:
United Arab Emirates
The UAE has been chosen as one of the best destinations for remote working, thanks to its diverse population, technologically advanced infrastructure, easy availability of Wi-Fi and a wide array of entertainment facilities in Dubai and other emirates. Dubai also recently announced one-year long visa for freelancers in order to attract professionals from different countries. Dubai is also open for tourists and other foreign visitors. But they have to take PCR swab test 96 hours prior to the arrival and also undergo another PCR swab test upon arrival.
Canberra is tentatively easing travel restrictions but currently only citizens and residents can enter the country. People can rent a furnished studio in central Sydney or Perth for $1,100 and even less in Adelaide or Hobart. Internet connectivity quality is also pretty good.
Whether you’re in the big cities like Tokyo or in the far-flung urban areas, remote workers can enjoy the best quality of life in the Asian country. Wi-Fi is zippy in the cities and leisurely in the country. Average monthly rent in Tokyo is around $1,000 and $600 elsewhere.
The southeast Asian country has coped with the pandemic very well, restricting foreign travellers despite the fact that it relies heavily on tourism. Thanks to its white sandy beaches and delicious street food, Thailand is one of the top rated countries by remote workers. Average monthly rent for a one-bedroom apartment is just $260.
Georgia is also considered an affordable and safe place for remote workers. Remote workers, or freelancers, are allowed from certain countries – around 95 – and earn at least $2,000 (Dh7,340) a month. People flying into Georgia will have to quarantine on arrival. Of late, Georgia has been a popular destination among the UAE residents for tourism.
The South American country offers digital nomads an easy residency process, affordable co-working space and good internet speed. Cafes also welcome freelancers to come and enjoy cozy atmosphere and work in a peaceful environment. Uruguay is one of the least affected countries from the pandemic, hence, it has not implemented a mandatory quarantine requirement. Also, restaurants remain open to dine in.
The African country also considered one of the best places to work remotely, thanks to a reliable Wi-Fi and high-quality but low-cost food. South Africa has kept its international border open but with travel off the cards for many, its beautiful beaches and nationals remain are crowd-free.
How about living and working remotely in one of the world’s top holiday destinations Bali and Java? Both the islands have good internet connectivity, lovely cafes and beautiful scenic beaches. Rentals are also affordable and internet cost is also economical.
The South American country is scenic, thanks to its rich amazon rainforest and a large jungle that covers one-third of the country’s area. Average monthly rent for one-bedroom apartment is US$350 and Wi-Fi speed in its major cities Medellin and Bogota is the best. But it is not great elsewhere.
Though it’s a popular country among travellers but it’s also gaining traction among remote workers. It offers visitors six-month long visas. Average monthly rent for a one-bedroom apartment is around $500. While Wi-Fi speed is also decent in the country.
Events to be staged at the DWTC, comprising diverse sectors including construction, energy, technology, beauty, food, healthcare, environment and automotive, will mark the emirate’s post-pandemic economic recovery


The credit card battlefield
Make no mistake about it. This is war, what’s going on between credit card companies and their customers. If you’re not paying attention, you could take some serious shrapnel.
Last year, Congress seized on the public’s anger and passed new regulations for credit card issuers. Some of them are already in effect. Others, like limits on rate increases, start next month.
Well, guess what? The banks have reconvened in the war room and come up with a new battle plan. The LA Times has this explanation:
In response, many banks have been lowering the credit limits of millions of customers and raising rates. They’ve also been switching fixed-rate cards to variable rates that won’t be subject to the new rules and imposing “dormancy fees” for plastic that doesn’t get a regular workout.
But that’s not all. Talbott said consumers could look forward to even higher fees, revamped rewards programs and an end to some traditionally free services.
“The number of institutions offering free checking will decrease,” he said. “The market is responding to the regulatory changes.”
But customers aren’t waving the white flag. They’re fighting back. A buddy of mine says Citibank doubled his interest rate from 15% to 30%, thanks to “a change in the terms of the account.” He says he dug through the Consumerist website to find the number for Citibank Executive Customer Service. A few phone calls later, he got his rate returned to 14.99%.
The lawyer in the video below isn’t using such diplomacy over his jacked-up rate. Ben Pavone is refusing to pay Bank of America unless the bank drops his rate from 28% to something more reasonable. And since he’s an attorney, he’s threatening to sue if his credit score is lowered for not paying. More:
(Pavone) says he’s been a good customer, and has paid his credit card bill on-time for 13 years. The bank, he claims, raised his interest rate and lowered his spending limit without warning or explanation.
“I think that’s what a lot of people are frustrated about,” Pavone said… “”A lot of feedback coming into my office is these are people with good payment records… there’s really no cause for it. The spread from 28 percent to what (the credit card companies are) paying, which is maybe a half percent to 1 percent, is simply opportunism.”
I feel you, dog, but I’m thinking the courts are going to chuck you out on your ear. Maybe I’m wrong. Watch the interview and tell me what you think.
In other news, a House committee has scheduled a hearing for January 27th on a bill that would cap credit card interest rates, not just limit rate increases. Banks couldn’t charge rates above 16% on any card, and fees would be limited to $15.
A similar bill was shot down last year, most likely by the banking industry’s lobbyist snipers. That lobby is still full of excellent marksmen, so I’m thinking this new bill might get shot down too.
Then again, customers are starting to get a certain Mel Gibson in Braveheart look in their eyes.
Last but not least, customers fighting this battle need to gather as much intel as possible on certain covert operations:
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Lending Club supplies an intensive rundown associated with the application procedure on its FAQ page.
Possible borrowers can always check their eligibility and prices without going for a credit struck via Lending ClubвЂ™s on the web application. The program will ask you for fundamental information regarding your self as well as your funds.
If you should be authorized, Lending Club will show a few borrowing that is potential. Generally speaking, loans with long haul lengths could have greater interest levels but reduced monthly obligations, and loans with short-term lengths could have reduced interest levels but greater payments that are monthly. If you prefer the offers presented to you personally, youвЂ™ll have actually to find the one most suitable to meet your needs to keep the procedure.
The step that is next to ensure the data and submit papers for verification purposes. Presuming Lending Club doesnвЂ™t find something that would bar you against getting that loan, you’re going to get your hard earned money (less the origination charge) when investors fund the mortgage.
Presently, signature loans typically just just just simply take only three times to be funded but might take much much longer if there are delays sooner or later in the act.
Product Product Sales & Advertising Transparency
Between your website that is main the FAQ, Lending ClubвЂ™s web site supplies a lot of the information youвЂ™ll need to find out before using for a financial loan and even while youвЂ™re paying the loan down online payday loans Minnesota. We have heard of selection of rates of interest, origination costs, other fees that are possible and term lengths disclosed in multiple places over the web web web site. You shouldnвЂ™t run into any surprises if you poke around a bit before applying.
ItвЂ™s worth noting that lots of clients feel misled by Lending ClubвЂ™s mailers, which claim the client happens to be вЂњpreapprovedвЂќ for the loan. As mentioned below, preapproval just isn’t indicative of whether or not youвЂ™re actually qualified for the loan. Lending Club identifies prospective borrowers through third-party sources but might find reasons why you should drop the application after gathering more information that is detailed your circumstances.
Lending Club Unsecured Loans
Customer Support & Tech Support Team
Lending Club has a really FAQ that is comprehensive which covers sets from trying to get that loan to how to navigate your bank account and just how to produce re re payments.
When your real question isnвЂ™t answered there, customer care can be acquired via phone or e-mail. Unlike Lending ClubвЂ™s company loan branch, borrowers with your own loan don’t have an account manager that is dedicated. Irrespective, many clients report good experiences with Lending ClubвЂ™s customer care, though a couple of clients have actually reported trouble getting back in touch with an individual who may help re re solve their issue.
Reading User Reviews
Bad Reviews & Complaints
Lending Club is accredited because of the bbb. At present, Lending Club has 308 complaints that are total the final 36 months, and of those, 112 complaints had been closed within the last few one year.
The organization additionally has just a little over 200 complaints filed aided by the customer Financial Protection Bureau (CFPB) and contains a profile on Credit Karma. Remember that, even though many of those complaints are about signature loans, some are for Lending ClubвЂ™s other solutions.
Lending Club happens to be tangled up in a lawsuit that is pending the Federal Trade Commission (FTC), which alleges that Lending Club has not yet complied with FTC needs regarding concealed costs and marketing requirements. Lending Club has given a reply towards the FTC refuting these claims, that exist on Lending ClubвЂ™s weblog.
Here you will find the many complaints that are common to unsecured loans, according to client complaints:
- Origination Fee: Some clients claim they certainly were maybe maybe perhaps not alert to the origination charge before borrowing. But, the fee was seen by me disclosed in numerous places on the internet site, such as for example Lending ClubвЂ™s prices & costs web web web page.
- High-Interest prices & charges: Some clients felt that the attention prices and origination charges had been more costly than they might have liked, with a few borrowers complaining about APRs because high as 30-35%. In the event that you donвЂ™t just like the rate you will get from Lending Club, IвЂ™d suggest getting the prices from other individual loan providers for contrast; numerous online loan providers will give that you quote within minutes, without inside your credit rating.
- Application Delays: many clients obtain funds in a manner that is timely some clients have actually reported delays through the procedure.
- Denial After Preapproval: Lending Club delivers down mailers claiming youвЂ™ve been вЂњpreapprovedвЂќ for the loan. Regrettably, this might be just an advertising strategy and will not imply you shall qualify for that loan whenever Lending Club learns more info on you.
It is additionally well worth noting that, based on the BBB, Lending ClubвЂ™s name has been utilized in a advanced level charge scam. Here’s how the scam works:
Customers trying to get financing at websites on the internet aside from Lending Club are later being contacted by representatives claiming become from Lending Club. Loan candidates are told their loan shall be authorized plus the cash deposited to their bank account nevertheless they first must spend what they’re told is really a safety, insurance coverage or any other cost. They’ve been expected that the cash be placed for a prepaid credit card just like a green dot money pack or perhaps in A cash Gram.
If in question, keep in mind that Lending Club never ever charges application charges and therefore its loans are given via WebBank.
Reviews That Are Positive & Testimonials
Besides the mentioned before profile on Credit Karma, Lending Club has amount of consumer reviews on its internet site. On Credit Karma, Lending Club unsecured loans includes a score of 4.3 away from 5 movie movie movie stars according to 111 reviews.
Listed here are commonly cited reasoned explanations why clients like Lending ClubвЂ™s solution:
- Quick application and money procedure
- Informative customer support
- Affordable monthly premiums
- Competitive rates of interest
Also, numerous customers liked that these were in a position to finish the procedure totally online and never have to get somewhere or speak to someone regarding the phone.
Lending Club had been among the first loan providers to supply online unsecured loans and, it remains a worthy competitor for your business while it certainly has some competition now. Candidates without any business background can be eligible for a little loan, whether or not they don’t have credit that is perfect. A minority of users complain about delays, misleading marketing, and trouble getting back in touch with customer care, but the majority clients report that Lending ClubвЂ™s loans are fast, simple, and affordable.
Lending Club Unsecured Loans
Possible borrowers may take advantage of making several evaluations before purchasing that loan from Lending Club or any other lender that is online however. Like Lending Club, numerous online loan providers provide quotes immediately without inside your credit. Head up to our startup loans review category to know about your other options that are potential.


Jobs in Bradford
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BMB Clothing are looking for a Financial Accountant to join their team in Leeds.
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Trainee Assistant Accountant Bradford £19-24,000
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Elevation Senior Finance are currently looking to recruit a Financial Controller for a Manufacturing organisation based in Bradford. Reporting to t...
I am looking to recruit a Commercial Analyst to support the senior finance team with income monitoring, forecasting and reporting.


The IGC (International Grains Council) has projected 2020/21 world wheat production to be 28.3 billion bushels. Higher wheat production is projected in India, Russia, Kazakhstan, and Australia. Lower wheat production is projected in the United States.
The USDA projects the 2020/21 wheat marketing year (June 1 through May 31) wheat price to be $4.90 compared to $4.55 for the 2019/20 marketing year. The weighted average (adjusted by percent of wheat sold by month) Medford, Oklahoma, wheat price (June 2019 through February 2020) is $4.27. The weighted average Perryton, Texas, price is $4.21.
At USDA’s 96th Annual Agricultural Outlook Forum (www.usda.gov/forum), 2020 U.S. wheat production was projected to be 1.836 billion bushels compared to 1.920 billion in 2019 and a 5-year average of 2.005 billion bushels.
USDA/NASS’s January Winter Wheat and Canola Seedings report estimated hard red winter (HRW) wheat seeded acres to be 21.8 million acres compared to 22.7 million acres for the 2019 wheat crop (down 4%). All wheat-seeded acres were projected to be 45 million compared to 45.2 million acres for the 2019 harvest.
Oklahoma and Kansas wheat-seeded acres were projected to be the same as for 2019. Texas seeded acres were projected to be 9% higher. Colorado and Montana’s seeded acres were projected to be significantly lower than for 2019.
U.S. soft red winter (SRW) wheat seeded acres were projected to be 8% higher than for 2019. Lower U.S. HRW wheat seeded acres relative to higher U.S. SRW seeded acres may imply that the price spread between SRW and HRW wheat may decline. At this writing, the SRW July wheat contract price is 63 cents higher than HRW price.
With a projected 140-million-bushel reduction in 2020/21 U.S. beginning wheat stocks, an 84-million-bushel reduction in 2020 U.S. wheat production, and a 26-million-bushel reduction in total U.S. wheat use, 2020/21 U.S. wheat ending stocks are projected to be 777 million bushels. A 163-million-bushel reduction in ending stocks resulted in a 35-cent increase in the projected 2020/21 average annual price ($4.55 to $4.90).
Black Sea exporters’ total 2020 wheat production may be 127 million bushels higher than in 2019/20. One report projected 2020 Ukrainian wheat production to be 948 million bushels, down 118 million bushels from 2019.
Russian wheat production for 2020 is projected to be between 2.8 and 2.9 billion bushels, about a 150-million-bushel increase from 2019’s 2.7 billion bushels.
Kazakhstan’s 2019 wheat production was 423 million bushels compared to a five-year average of 528 million bushels. If Kazakhstan’s 2020 wheat production is average, the production increase would be 95 million bushels.
Australia’s 2020 wheat production is projected to be 783 million bushels compared to 557 million bushels in 2019. This increase should result in an additional 226 million bushels of wheat in the export market.
During the 2014/15 wheat marketing year, U.S. wheat ending stocks were 752 million bushels, and the 2014/15 wheat marketing year U.S. average annual price was $5.99. The HRW average annual wheat price was $6.02.
USDA’s Outlook Forum projected 2020/21 wheat ending stocks to be 777 million bushels, which is only 25 million bushels higher than for 2014/15.
Reasons for a projected 2020/21 wheat marketing year average price of $4.90 compared to 2014/15 marketing year’s price of $5.99 may be that world wheat production is projected to be a record 28.3 billion bushels, 2019/20 world wheat ending stocks are projected to be a record 10.6 billion bushels, and the world wheat stocks-to-use ratio is projected to be a near-record 38.2%.
Higher wheat production normally produces lower wheat prices.


When will Yamaha launch the XMAX 125cc scooter in India?
Yamaha XMAX 125 cc scooter unfortunately would not be launched in India as Yamaha plans for a 150 cc scooter as most Indian scooter are limited to 125 cc and comparing these machines with them would make a bigger price gap, making them less practical for the masses. With 150 cc engine, Yamaha could easily differentiate between their new comer and the existing market of scooters in India. The 125 cc XMAX comes with 14.1 BHP and 11.94 NM of torque, making it good for a liquid cooled and fuel injected engine. Yamaha has planned for SMAX, which is a 150 cc scooter with more torque and slightly more power for a smooth ride.