As a business owner, it’s not uncommon to have properties in multiple states. Whether you’ve bought a vacation home or you’re looking to expand your business into new markets, owning property in multiple states comes with its own set of challenges. From keeping your household organized to stocking up on food and water, Copper Quail Consulting has provided tips to help you juggle multi-state living arrangements like a pro.
Get a Registered Agent
One way to save money when you own multiple homes is to hire a registered agent. A registered agent is someone who can represent your business in legal proceedings, even if you’re not physically present in the state where the proceedings are taking place. This can be a considerable time- and money-saver, as it means you won’t have to travel back and forth between states for court appearances or meetings with lawyers.
Another way to make life easier when you have homes in multiple states is to stock up on basics like food and water in each one. That way, if you get stuck in one state due to weather or other unforeseen circumstances, you won’t have to worry about running out of supplies. And speaking of weather, it’s also a good idea to keep an eye on the forecast for both states so that you can be prepared for any storms that may be headed your way.
Deck Out Your Homes
Ensuring that your properties are safe, comfortable, and healthy for living is important when you’re juggling multiple homes. You want to know your family can thrive no matter which state you’re in. Here are a few tips to ensure your homes are in good condition:
- Install smoke detectors and carbon monoxide detectors in each property to keep your family safe from fires and gas leaks.
- Check the heating and cooling systems in each home to make sure they’re working correctly.
- Make sure all of the windows and doors are properly sealed and insulated.
- Patch any cracks or holes in the walls or ceilings.
- Clean and declutter each home to create a relaxing atmosphere.
Finally, before buying anything for your multi-state homes — from furniture to appliances to kids’ toys — be sure to check out product review sites. These sites can be a valuable resource for finding products that are both high-quality and reasonably priced.
Buy Insurance Wisely
In a multi-state living arrangement, you might be able to choose your auto and health insurance plans according to the state that offers the cheaper options. For example, when comparing car insurance policies in Minnesota and Ohio, you may find that getting your policy in Ohio saves you money.
Since the costs of repairing major home appliances can be quite substantial, you should also invest in a home warranty for some additional peace of mind. Luckily, you’ll have no problem finding options in Arizona to suit your needs. Simply browse through what’s offered and check ratings and reviews to find the best option for your home and living situation.
Plan for the Cost of Living
If you’re like many other entrepreneurs, you not only live in two states, but you travel to many others. Consider these typical living costs in various states so you can budget accordingly:
- The average homeowner pays $272,473 for a house in Houston, TX.
- A 5 x 10 self-storage unit in Denver, CO, costs an average of $86.46 monthly. Compare these types of storage units until you find the best price.
- Phoenix, AZ residents pay $1,242 monthly for the average studio apartment.
- The average babysitter charges $26.28 per hour in Maple Grove, MN.
- You can expect to spend around $18 for a meal out in Portland, OR.
Living in multiple states doesn’t have to be difficult. By strategizing your business and finances, hiring a registered agent, and following the other tips in this article, you can save time and money while keeping your household organized. So what are you waiting for? Start making your multi-state living arrangement work for you today!
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