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February 19, 2024

Crypto Tips For Beginners: Why You Should Use An Exchange Instead Of A Wallet

In this post, I will show you why you should use an exchange instead of a wallet.

Securing and safekeeping your wallet is one of the most crucial parts of your cryptocurrency adventure.

You can’t put your asset at risk by putting it in a place where hackers and thieves easily steal it. Therefore, you should take the time to find a secure storage option to choose when you want to get started with cryptocurrency.

Whatever you’re planning to do with your coins, be it to play online casino games, bet on sports matchups, pay for goods or services, make borderless transfers, or any other thing, having the right platform is crucial.

You want something safe but also easy to use and accessible. But, on the other hand, you don’t want to be stuck with a stringent platform.

In that case, you should take your time to go through the essential guide, allowing you to make better decisions and enjoy your adventure with minimal losses.

So, you don’t want to miss out on going through the right path. In addition, you should spend some time understanding how cryptocurrency and its global market work.

One thing about crypto is that you have to choose a platform where you will perform most of your transactions. In this case, you must understand what it entails.

We want to explain why you should consider crypto exchanges over wallet apps. Without wasting time, let’s get into it.

Table of Contents

Better Investment Offers

When you use a wallet app for your cryptocurrency, you will only have the opportunity to keep your assets and do transfers. You can send and receive crypto coins.

In addition to that, you can buy and sell coins. However, when you use a crypto exchange platform like Binance, you can access more such as different investment offers.

You can find ways to increase your money. Take your time to learn how to use your coin to make more money. In addition, you can learn how investment opportunities work and the risks associated with each of them.

Therefore, you will know what you’re getting into and can mitigate the risk by diversifying your portfolio.

More Features

With crypto exchanges, it is easy to get started, and you will be offered many features. These features are there to make your crypto journey easier.

A standard crypto wallet is perfect for someone with an intermediary-level experience with cryptocurrency. However, as a complete newbie, you need something more encompassing.

You should check out the various features available. In that case, it is easy to kickstart your journey and make improved decisions.

And if you want to increase your chances of getting more profit, you can always check out the features to see which can help you understand the market better.

Academy and Training

One thing crypto exchanges have over ordinary wallet apps is helping you understand what cryptocurrency is and how you can take advantage of the system.

For instance, Binance has an Academy where you can get trained on everything cryptocurrency. With this feature, you can learn all you need to begin your crypto journey.

In addition, they host Twitter Spaces, live seminars, and podcasts to solidify your industry knowledge further. You can learn what you should and shouldn’t do once you begin.

That way, you will know where to begin, and in the end, you can learn more about making money with cryptocurrencies.

Crypto Marketplace

When you use a crypto exchange platform, you can access a marketplace to explore different use cases for your crypto assets.

For instance, on the Binance Marketplace, you can check out daily deals where you will get cashback or some percent off a purchase on a top store. Aside from that, you can explore different services.

Take advantage of top-up services to make it easier to use a few services. Also, you can explore the incredible services that will make your daily activities easier.

In addition, you can take advantage of the News feature in the Marketplace to follow live updates and what is happening in the industry.

Payment Gateway

Making payments for different services is one of the best advantages of cryptocurrencies. It allows you to explore various activities and get what you want without stress. In that case, you can always check the payment gateway service the crypto exchange offers.

For example, Binance has Binance Pay that you can use to pay for subscriptions on various services such as iTunes, Amazon, Walmart, etc.

Benefits of Using an Exchange for Beginners

Ease of Use: Exchanges offer user-friendly interfaces and simplified buying/selling processes compared to some wallets.
Fiat Onboarding: Most exchanges allow you to directly purchase crypto using fiat currency (e.g., USD, EUR), making it easier to enter the market.
Trading Flexibility: Many exchanges offer diverse trading options, including buying, selling, trading between different cryptocurrencies, and setting limit orders.
Security Measures: Reputable exchanges implement robust security measures like two-factor authentication and cold storage for a significant portion of user funds.
Accessibility: Exchanges are often accessible via web browsers and mobile apps, making them convenient for managing your crypto on the go.

While wallets offer benefits like complete control and anonymity, these can be complex for beginners to navigate:

Technical Knowledge: Setting up and securing personal wallets often requires understanding blockchain technology and security practices.
Limited Functionality: Basic wallets might only offer storage and basic sending/receiving functionalities.
Fiat Restrictions: Most wallets do not accept direct fiat deposits, requiring additional steps or third-party services.
Responsibility: The full responsibility for security and managing private keys lies with the user, increasing potential risks for beginners.

Frequently Asked Questions

Which exchange is best for beginners?

It depends on your needs and location. Popular options include Coinbase, Binance, Kraken, and Gemini. Consider factors like fees, supported currencies, and ease of use when choosing.

How much crypto should I start with?

Start small! Only invest what you can afford to lose. Begin with a small amount to understand the market before committing more.

What are the risks of using an exchange?

Security breaches and hacking are potential risks. Choose a reputable exchange with strong security practices.

Should I move my crypto to a personal wallet later?

Yes, for long-term holding, consider a personal wallet for increased security and control over your private keys. However, research different wallet types and choose one that suits your needs.

What other things should I know as a beginner?

Do your research before investing in any cryptocurrency. Understand the risks, volatility, and potential rewards. Don’t make investment decisions based on hype or emotions.

Bottom Line

This information is for educational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions.

INTERESTING POSTS

Dynadot Rebrand: New Feel, New Look

Christian Schmitz

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February 19, 2024

0

Here, I will talk about the Dynadot rebrand.

For anyone who wants to build a website, picking a domain name is paramount. Dynadot, since its inception in 2002, has provided a seamless solution for anyone to purchase and register quality domain names. The company recently rebranded as it pledges to continue offering first-class service.

Already, Dynadot boasts over 100,000 active users with a database holding more than 4.5 million domains. Add that to the 20+ year experience, and it cements the domain registrar as one of the top ten in the world.

The Dynadot rebrand ushers in a new era to the company, one which existing and prospective customers will appreciate. And similarly, the quality services Dynadot users currently enjoy will amplify.

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Dynadot Services

Following the Dynadot rebrand, what should you expect when registering and purchasing domains from Dynadot? Well, let’s discuss the highlights.

Domain Marketplace

Accessing the Dynadot domain marketplace is much more convenient at the moment. The new design places the domain search options at the fore of the website’s homepage, as the below image shows:

So, you can directly start looking up a domain name to register. Also, there’s the Transfer tab you can click to initiate a switch from another registrar. Here’s how it appears after the rebrand:

It’s clear how easy it is to move from a different domain registrar to Dynadot. Simply enter the URL and authentication code, and click the “Transfer” button. You can select the “Bulk Transfer” option if you have many domains to move.

Affordable Prices

The new look of Dynadot doesn’t increase the platform‘s rate. You can still purchase quality top-level domains at affordable prices. Even premium domains are available at cheap costs.

Here’s the new look of the Domain Prices section:

You should go with “Regular” if you want to use the domain or “Reseller” if you’ll be putting the domain name up for sale. Here’s a look at some Dynadot TLD prices:

Consider the .com domain, which is available for $10.99. That’s more affordable than many other popular domain registrars. And, if you purchase as a reseller, the price is even cheaper, at $9.83.

Dynadot

Dynadot is a domain name registrar that provides domain registration, website hosting, and website builder services.

Dynadot is a domain name registrar that provides domain registration, website hosting, and website builder services. Show Less

Domain Extensions

When talking about affordable prices, the focus was on top-level domains. It’s worth mentioning that that’s not all you can register with Dynadot. Instead, the brand supports 500+ domain extensions, and with the new feel and look, new extensions are expected to be added.

Supporting a vast range of domain extensions means you can leverage Dynadot, irrespective of what website you want to work on. You’ll find relevant URLs for business, personal, blog, companies, news, eCommerce, and health sites, to name a few.

Website Builder

Dynadot’s new design is a result of quality web design. You can replicate the same on your website with the Dynadot website builder. It’s a simple tool to build any site without writing any code.

You can skip building your site from scratch by using the available templates:

Also, as you purchase the website builder, you get a free hosting plan with 99.9% uptime. So, you only need to connect your domain, and your site is live.

Professional Email

For businesses, Dynadot’s professional email solution is a must-have. You can order custom email addresses to match your domain and brand without sacrificing security and performance.

The Dynadot professional email service comes with a straightforward setup system. So, you’ll have messages landing in customers’ inboxes within hours of signing up. Notably, it’s possible to link the email service with conventional clients like Gmail and Outlook.

From the onset, you get 1 GB of storage space, meaning you don’t have to worry about having too many emails. And, impressively, you can create more than one email address. Not just more than one, but unlimited email addresses.

Dynadot

Dynadot is a domain name registrar that provides domain registration, website hosting, and website builder services.

Dynadot is a domain name registrar that provides domain registration, website hosting, and website builder services. Show Less

Mobile App

Dynadot’s mobile app continues to function, allowing you to buy and manage domains on the go.

As a result, you don’t always have to launch your browser and visit the website. Like the website, the app also brings in a new feel and look. So, you still get a fresh brand experience.

You can download the app if you own an Android or iOS smartphone. It’s on the Google Play Store and Apple Store for both devices, respectively. Do you own a tablet? You can still download the app, as it’s optimized for tablets, too.

24/7 Support

All of Dynadot’s features are seamless and intuitive. The new look makes things easier with quick navigation also. But if you have issues using the domain registrar, you can count on 24/7 customer support.

You can reach the support team with one click of the live chat button. Alternatively, send an email to info @ dynadot.com or phone/fax +1.415-869-2893.

If you live in the US, you can also walk into Dynadot’s office at 210 S Ellsworth Ave #345 San Mateo, CA 94401 US from Monday to Sunday, 9 AM to 6 PM PST.

Dynadot: Frequently Asked Questions

What services does Dynadot offer?

Domain Registration: Dynadot allows you to register new domain names across various extensions (.com, .net, .org, etc.) and manage existing ones.
Domain Transfer: You can transfer your domain name from another registrar to Dynadot for better management and potential cost savings.
Web Hosting: Dynadot offers shared, VPS, and dedicated server hosting plans to suit different website needs and budgets.
Email Hosting: Secure and reliable email hosting plans with various storage options are available.
SSL Certificates: Secure your website with trusted SSL certificates from Dynadot.
Website Builder: Create a simple website with Dynadot’s drag-and-drop website builder, even without coding experience.
Domain Auction: Bid on or sell domain names through Dynadot’s domain auction platform.

How do I register a domain name with Dynadot?

Visit Dynadot’s website and search for your desired domain name.
Check availability and choose the extension you prefer.
Enter your contact information and choose a registration period.
Complete the payment and your domain name will be registered.

How much does it cost to register a domain name with Dynadot?

Prices vary depending on the domain extension and chosen registration period. Promotional offers and discounts might be available.

How do I transfer my domain name to Dynadot?

Dynadot provides a simple domain transfer process. You’ll need your current domain registrar’s authorization code and complete a few steps on their website.

What are the benefits of using Dynadot?

Competitive pricing with frequent promotions and discounts.
User-friendly interface and helpful customer support.
Wide range of services and tools for domain management, website hosting, and security.
Accredited by ICANN and dedicated to data security.

Bottom Line

It’s a whole new experience when you visit the Dynadot website as the platform rebrands. While the look changes, the domain registrar’s first-rate services stay the same.

If anything, you should expect better, improved, and superior service from the brand.

Note: This post was originally published in June 2023, but has been updated.

Dynadot

Dynadot is a domain name registrar that provides domain registration, website hosting, and website builder services.

Dynadot is a domain name registrar that provides domain registration, website hosting, and website builder services. Show Less

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How To Overcome Remote Work Security Threats

Tutorials

Gina Lynch

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February 19, 2024

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How To Overcome Remote Work Security Threats

Cyber or security threats have increased dramatically over time. It’s primarily targeted towards smaller businesses or individuals working for more prominent companies now assigned to remote work.

The term “COVID-19” will never be forgotten, even for decades to come. During the pandemic breakout, many big-league industries and smaller businesses, in fact, the entire world, were asked to stay home. The life outside our gates may have slowed down, but the work never stopped.

Millions of employees were asked to work from home in unexplainable situations. Some had issues with Wi-Fi speed and a lack of devices to work with; some countries even suffered power outages during these trying times.

But, the worst part about working remotely is the innumerable cybersecurity threats that come with it.

READ ALSO: Honest And Unbiased CyberGhost VPN Review

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Why Is Remote Work A Threat To Security?

Working from home has now made employees more vulnerable to cyber-attacks. You’re handling large electronic files or corporate accounts on unprotected devices. There’s no IT team sitting in the next room to take care of your needs or come up with solutions.

The Pandemic has already made the world paranoid and fearful, and it’s because of it that hackers are taking full advantage of the situation. Remote work has its perks, but most of it isn’t all that bright and shiny.

It’s a fact that because of COVID-19, people are always and still are looking for new apps to stay alert, for causes to donate to, and for reasons to stay safe. Their vulnerability now makes it a prime target for security threats.

Besides, the remote work environment, regardless of the Pandemic, isn’t as safe as workplaces. That’s a fact that is extremely difficult to muster.

READ ALSO: Best VPN For 2023
READ ALSO: Best Antivirus For 2023

What Kind Of Security Threats Targets Remote Workers?

With each passing year, there seems to be a bigger and bigger bump in security threats. Hackers have devised highly new and tricky ways to hook remote workers.

Old ways are also still in full swing, and the fact that old methods of security attacks still prevail shows us just how significant the impact is.

Just in case you’re not familiar with what kind of threats exist which could put a big dent in remote work life, here’s what they look like:

Lack of security software and inattentive security

Regardless of whether you have worked remotely since the beginning of time or were just assigned to work remotely due to the Pandemic, you have to be twice as careful. You probably won’t have the best security software or a whole team to help you in such situations. That’s just not how businesses work.

They can only do so much for you. In a workplace, the IT team can control the number of people over their secure network and which workers can access what device. This all changes when remote. You’re carrying all your business work on your device because the office probably didn’t provide you with any of their own.

This means less security for you; no one to monitor your devices for malware or new viruses that you may not have detected. Never leave your work device unattended, even around loved ones. You don’t know the dangers of that. What if someone happens to steal your device? You’d lose all that valuable information and more that leads to bigger targets.

Hence, we should all educate ourselves in the area. I am not saying to become professionals, but the least we can do is read some resources, which may help us secure our online information.

Emails

Have you heard of phishing? This has been a massive hit in the security threat department. It’s much bigger now during the Pandemic. Hackers who send out phishing emails somehow know what groups you’re a part of or where your interests lie.

They’ll devise new and creative ways to keep you on the hook, getting you to click on the bait. DManyremote workers have received emails that involve seeking aid during the Pandemic, a website offering free clinic tests or free medical gear. And even if it’s not for free, it’ll be on sale.

So all you have to do is sign up and provide a few vital information as a down payment. These emails are phishing scams. They’re designed to get you to click and deliver information and credit card details. The outcome? Bankrupt or loss of essential files through malware attacks.

CHECK OUT: Bitcoin News Updates

Dangerous security apps

Because you’re asked to work from home, you will need your device’s best security anti-spyware or antivirus software. Numerous apps are available, and most come with bugs or viruses. You won’t even be able to tell the difference in the number of fake reviews on their website.

There are even fake pandemic apps that claim to assist. If you download any of these, your devices that probably carry sensitive information will either be deleted, stolen, or held at ransom. Hackers will already be on your network when you attempt to download the apps.

Man-in-the-middle attacks

When working remotely, the office will provide one or a few domains for the entire workforce to collaborate through updates or share ideas. You’ll be provided with a username and password. Now, since you have access to a portal that holds sensitive information shared by other colleagues, don’t you think this is the right time to be extra careful?

If your device lacks security or you have a fragile Wi-Fi network, hackers can easily take hold of your network and all its devices. This means they can hack into your system, create a fake account and log into your business accounts. This puts you and a load of other remote workers from your office at risk.

How To Overcome Remote Work Security Threats

Even though we can’t precisely control the situation to the max and the kinds of security threats that’ll reach your doorstep, there are certain precautions you can take to prevent it: lightning up the situation. Here’s what you can do:

Firstly, research. Know your options and look up only the best and most renowned security software or antivirus apps for your device. This software must come free of any further issues that can add to your plate.
Don’t just download the app and let it lie in the dust. Ensure all you download is up-to-date and patched up from any security threats. This applies to your devices, too. Even if you use an older version of Windows, do a clean sweep of your system.
Double-factor authentication is another crucial measure to look towards. Setting up a simple password for your device and accounts won’t cut it. Always sign up for two-factor authentication. If someone tries to hack into your account, you’ll immediately be notified on your smartphone and email.
Offices must train employees about what can happen when working remotely and how to address these issues. You can’t just throw your employees out on the highway and expect them to defend themselves without knowledge. A short training course is required.
Don’t save essential files on your desktop without any security. Either send them to the Cloud or use other software of a similar sort that requires a lot of security.

Bottom Line

Working remotely has perks, but it’s not always a bed of roses. Your life can get much more troublesome if you don’t prepare for future security attacks. Even if the office doesn’t provide its staff with introductory courses, you have the power to educate yourself. This will benefit you much more than you think.

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Kangaroo Home Security Review

Reviews

Mikkelsen Holm

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February 18, 2024

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Here is the Kangaroo home security system review.

Home security has never been cheaper and better than Kangaroo Home Security. Users can enjoy home protection with the Kangaroo range of security products at less than $100/year or $10/per month.

Kangaroo founder and CEO Maximus Yaney says the inspiration for Kangaroo was his mother having to pay expensive security system charges.

It is no new fact that America has recorded over a million burglary cases, which result in the loss of properties and valuables worth over $3 billion. This has also led to the proliferation of home security solutions that charge a ‘cut-throat’ price for security products and services.

Table of Contents

What Is Kangaroo Home Security? How Does It Work?

Kangaroo Home Security is a security system that secures your home from burglary and other intrusion. It consists of Kangaroo sensors, motion detectors, and an app to control the sensors and detectors.

Although Kangaroo has a wide range of products and security devices, we will focus on the Kangaroo 8-Piece Starter Kit for this review.

Interestingly, Kangaroo’s 8-Piece Home Security is an essential home security starter kit that includes motion detectors and sensors at $99 with no contract fee. This means users can enjoy Kangaroo protection for as long as they wish without the burden of monthly or yearly subscriptions.

Likewise, you get the following in the basic Kangaroo package:

3 Motion and entry sensors
1 Water and Climate sensor
1 Siren and Keypad sensor
1-yard sign
5 Window stickers
Kangaroo app

Nonetheless, you do not need a wired or wireless hub for its installation, but it does require a working Wi-Fi internet connection source.

To set up the Kangaroo Home security system, you can apply the following steps:

Set up all Kangaroo sensors by connecting them to the Kangaroo app.
Connect the sensors to your home Wi-Fi network.
Peel the stickers and mount the motion detectors on your doors and windows
Mount the water and climate detectors beneath the sink.

You can activate or deactivate the Kangaroo sensors via the installed apps. The system works by sensing unusual movements and sends an alarm to the user’s phone or other people in the setup.

Users do not have to worry about false alarms as they are designed to detect movements from people only. Hence, it doesn’t register pets and kids’ movements.

Why You Should Use Kangaroo Home Security Starter Kit?

Users get instant notifications of unusual movement up to 20 feet away on their mobile devices.
The sensors can detect smoke and carbon monoxide, which triggers an alarm on connected mobile devices.
Kangaroo’s home security system is pet- and kid-friendly; users can set the Kangaroo Security System in pet and kid mode.
Users get notifications from the water sensor for water leakage and extreme temperature and humidity changes.
Users can broaden their home security system by adding more devices, including cameras and speakers.
Setup is straightforward; users do not require technical expertise or know-how to set up the Kangaroo Home Security System.
There are no subscription fees; hence, users do not have to commit to a monthly or yearly subscription payment.
24/7 technical support and assistance are available to allow users to resolve any issue they may be experiencing.
Users enjoy a 30-day money-back guarantee if unsatisfied with the Kangaroo home security system.
Lower insurance premiums up to 20% discount for Kangaroo Home Security system users.

Kangaroo Home Security System Features

Users enjoy the following features of the Kangaroo security system: the app, sensors, and cameras.

App usage and device connectivity

Users can connect multiple devices they desire to the Kangaroo app. Also, the app does not restrict the number of connected users.

Real-time notifications

All connected users can get real-time notifications from the app if any of the sensors is triggered off. For instance, it can detect changes in humidity and temperature, as well as smoke or carbon monoxide.

Arming and Disarming

The Kangaroo app has a simplified user interface with a ‘1-Tap Arming and Disarming’ feature that allows users to arm or disarm the Kangaroo home security system.

Third-party Integrations

Users can integrate their Amazon’s Alexa and Google Assistant devices into the Kangaroo app. Hence, users can monitor their homes even when far from home.

View live recordings and recorded clips.

Users who include Kangaroo Security Camera are provided with a live view of the happenings in their homes. Also, they can access recorded video footage to review recently registered activities in their home.

Kangaroo coverage

Users can extend Kangaroo’s security coverage by registering for professional Monitoring for $10 per month and $99 per year. This offer gives users access to a relatively lower price for professional security monitoring.

The Kangaroo coverage also includes access to a thousand-dollar protection cost for damages per year for complete subscribers

Other Kangaroo Security Kit And Accessories

Front Door Security Kit for $99
8-Piece Kit and Privacy Camera for $149
5-piece kit and security camera for $129
P-Piece starter kit for $69
Kangaroo Privacy Camera for $79
Motion and entry sensor for $30
Motion sensor for $15
Water and Climate sensor for $30
Siren and Keypad for $69.99
2 Roo Tags for $25
Yard sign for $15 per piece
5 Security stickers for $15

Conclusion

Having a security system in homes is more accessible and cheaper with Kangaroo. Users can enjoy essential security protection for their homes without incurring additional costs with a dollar less than a hundred. Also, users can get other Kangaroo accessories for broader security coverage or opt for Kangaroo products with more accessories.

RELATED POSTS

How To Start An Insurance Business

Marie Beaujolie

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February 18, 2024

0

Learn how to start an insurance business in this post.

If you are looking for a recession-proof business, entering the insurance industry is the right choice.

Insurance is an essential part of life for the majority of Americans. They need insurance for their businesses, have sufficient finances to look after their family’s unforeseen health issues, ensure cars, etc.

Once you have decided to start an insurance agency, all you need is to pick the top LLC formation services from the given list.

Also, follow these nine simple steps below to start a successful insurance business.

Table of Contents

How To Start An Insurance Business

Step 1: Research the Insurance Industry

To run a successful insurance business, it is essential to have up-to-date information on the products, customer intentions, and industry trends. Hence, market research is vital if you are new to the insurance industry.

In addition to market research, managerial skills, sales knowledge, and ambition to succeed will be a plus. The insurance industry is profitable and challenging at the same time as people need your expert advice and trust you to provide safety during their most vulnerable times.

Step 2: Develop a Business Plan for Your Insurance Business

Writing a business plan is vital to running a business successfully. A business plan provides you with the road map to run the company for three to five years. It also describes your business financial goals and strategies to achieve those goals.

You need to describe your company, state your business goals, describe your products and services, and make a typical business plan and financial projections.

However, for planning an insurance agency business, you also need to consider the cost of training the sales staff.

Step 3: Get the License for Your the Insurance Business

Starting an insurance business in the U.S requires you to complete a course of insurance education of 20-40 hours before applying for the license. It also includes 12 hours of ethics courses to pass the final exam of insurance education. These courses are available online for $300-$400.

Step 4: Choose a Business Structure

You can start an insurance agency as a sole proprietor, a partnership business, an LLC, an S Corp, or a C Corp, depending upon the number of employees and particularly in terms of tax implication. However, the most recommended legal structure for a new startup in the U.S is a Limited Liability Company(LLC).

Step 5: Register your Insurance Agency for Taxes ID

To register your insurance agency for tax identification, you must apply for an Employer Identification Number(EIN) from the IRS website. EIN is also necessary to open your bank business bank account.

Step 6: Apply for Permits & Licenses for Your Insurance Agency

Every state requires state-specific permits and licenses for your insurance agency. It also involves business licenses, sales tax permits, and any other document/s the state requires.

You also require a state’s insurance department license to run your insurance agency in a specific state.

Step 7: Get Insurance for Your Insurance Agency

Get business insurance for your insurance agency. Insurance agencies generally need professional liability insurance and general liability insurance. The insurance type you select depends on the agency size, activities, and location.

Other relevant insurances needed for an insurance agency include commercial auto insurance and workers’ compensation insurance.

Step 8: Create a Brand for Your Insurance Business and Market it

The brand develops the perception of your company; a strong brand defines your Unique Selling Point. Therefore, your marketing strategy must represent brand perception to create strong brand awareness.

Creating brand awareness also requires you to understand your target audience. It will help them understand why to choose your company to best fulfill their needs.

Step 9: How To Keep Customers Coming Back

Your marketing strategy is key to customer retention. For example, many insurance clients react emotionally to the premium rise on policy renewal every year.

Therefore, it is essential to communicate to the customer that the premium increase is standard and is the same among all insurance policies.

How To Start An Insurance Business: Frequently Asked Questions

What are the essential steps to starting an insurance business?

Here’s a simplified overview:

Research and choose your niche: Identify a specific type of insurance (e.g., auto, home, life) with a profitable market opportunity.
Develop a business plan: Outline your company’s vision, target market, marketing strategy, financial projections, and management team.
Secure funding: Raise capital through investors, loans, or personal savings to cover initial costs and operational expenses.
Obtain licensing and permits: Each state has specific licensing requirements for insurance companies. Consult with legal professionals to ensure compliance.
Establish infrastructure: Set up administrative systems, technology infrastructure, and customer service channels.
Develop and price insurance products: Create competitive insurance policies with accurate pricing based on actuarial data and regulatory guidelines.
Build a distribution network: Partner with brokers, agents, or develop direct-to-consumer marketing strategies to reach your target audience.
Comply with regulations: Adhere to strict reporting, financial solvency, and consumer protection regulations set by government agencies.

What are the biggest challenges in starting an insurance business?

Some major challenges include:

High capital requirements: Initiating and maintaining operations usually requires significant financial resources.
Complex regulatory environment: Navigating intricate licensing, compliance, and reporting requirements can be demanding.
Risk management: Accurately assessing and managing risk involved in different insurance products is critical for financial stability.
Competition: Established players with larger market share and brand recognition can be tough competitors.
Attracting and retaining talent: Finding qualified professionals with expertise in insurance, actuarial science, and risk management can be challenging.

What are some key skills and qualities needed to succeed in this field?

Entrepreneurial spirit: Passion, perseverance, and ability to thrive in a dynamic and competitive environment.
Financial acumen: Strong understanding of financial modeling, risk assessment, and investment strategies.
Leadership: Ability to build and motivate a team, navigate complex challenges, and make sound decisions.
Regulatory knowledge: Deep understanding of insurance regulations and compliance requirements.
Sales and marketing expertise: Skills to develop and execute effective marketing strategies to attract and retain customers.

Bottom Line

Remember, starting an insurance business is a complex undertaking requiring careful planning, significant resources, and expertise.

Consult with legal and financial professionals before making any decisions.

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Property Maintenance Essentials: Keeping Your Rental in Top Shape

Editor's Pick

Chandra Palan

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February 18, 2024

0

Property Maintenance Essentials: Keeping Your Rental in Top Shape

Here, I will talk about property maintenance essentials.

From landlords to property managers, taking care of rentals can be a tough job for anyone who rises up to the challenge. It is even more difficult if you are doing this for the first time in your life, regardless of how much training you received beforehand.

Thankfully, plenty of tools can help you bring much-needed ease to the gauntlet that is property management. To introduce you to these solutions, here are a few property maintenance essentials for keeping your rental in top shape.

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Home Improvement Solutions

No matter if you want to spruce up your property before listing it or need to repair it for resolving existing tenant complaints, you need to have access to reliable contracts at all times. The process might seem a bit perilous, but modern technology has turned it into a walk in the park.

Whether you want to follow tips to improve home security or suggestions to renovate the living space, you can use home improvement apps to find highly-rated professionals in your area.

Background Check Services

Background checks are a long-standing practice in the lending and business industries. But they have also become quite important in the real estate market. By running tenant screening reports, you can learn if potential renters carry a history of evictions, criminal charges, or bad credit.

This can help you choose tenants who do not pose a high risk to your property and finances, which makes sure that you avoid running into any issues that bring your monthly income to a halt.

Digital Signature Solutions

Signing agreements and contracts is a big part of any property manager’s day. Even when you have your tenants right in front of you, getting their e-signature can help you with proper document management and easy accessibility to information in the future.

With an e-signature app, you can ensure that your documents are digitally signed and secured. As additional perks, these services also come with features that prevent identity theft and other high-risk factors from threatening your finances or safety.

Bookkeeping Services

Being a landlord or property manager is nothing short of handling a small business. This is why you need to be aware of apps for small businesses.

One of these solutions comes in the form of bookkeeping services, which allow you to manage all your accounts in one place. This provides you with access to qualified accountants at affordable prices, which ensures that you don’t have to spend a small fortune to manage your rental revenue every month.

Home Listing Apps

Gone are the days when rental listings were found in newspapers. Now, you need to explore an online rental listing platform in order to spread the word about your property. But this is not a bad thing at all.

In fact, publishing your listing online enhances your outreach by a significant margin, while also giving you the opportunity to respond to queries no matter where you are. This makes these solutions one of the most important tools to use for property management.

Key Management Tools

If you manage various multi-family properties, you might be in for a puzzling experience when it comes to accessing their locks. With a key management tool, you can make sure that you keep all your important keys in place and get them out at a second’s notice.

Similar to choosing the best home security cameras that range from wired to Wi-Fi solutions, you can pick your key management solution to be more traditional or modern. This lets you use an option that suits your comfort.

Lending and Financing Opportunities

If you want to improve your current property or expand your real-estate empire past a single location, you can reach out to a rental property lender who can help you with your goals.

With different financing agreements, you need to do detailed market research on available lenders to see who offers the best rates and terms to you. When you take your time to analyze the most promising offer, you can make sure that you get the capital to fulfill your plans.

Property Maintenance Essentials: Frequently Asked Questions

What are the most common property maintenance tasks I need to perform?

The specific tasks will vary depending on your property type and climate, but some common ones include:

Interior: Routine cleaning, HVAC filter changes, smoke detector and carbon monoxide detector checks, appliance inspections, plumbing leak detection, pest control.
Exterior: Roof inspections and repairs, gutter cleaning, window and door maintenance, landscaping, exterior painting and siding repairs, driveway and walkway maintenance.

How often should I perform these tasks?

Daily: Check for leaks, unusual noises, or signs of pests.
Weekly: Change HVAC filters, empty trash, clean floors and surfaces.
Monthly: Test smoke detectors and carbon monoxide detectors, clean appliances and drains.
Quarterly: Inspect roof and gutters, check for foundation cracks, prune trees and landscaping.
Biannually: Schedule HVAC maintenance, clean gutters, inspect plumbing and electrical systems.
Annually: Schedule inspections for chimney, septic system, and appliances as needed.

Remember, these are just general guidelines. Consult professional experts for specific recommendations based on your property and local regulations.

What are some ways I can save money on property maintenance?

Do it yourself (DIY): If you have the skills and tools, tackle minor tasks like changing filters or cleaning gutters yourself.
Plan ahead: Schedule regular maintenance to prevent costly repairs down the line.
Compare prices: Get quotes from different contractors before hiring someone for major repairs.
Consider warranties and guarantees: Some appliances and systems come with warranties or extended guarantees that can save you money on repairs.
Invest in preventative measures: Seal air leaks, install programmable thermostats, and use energy-efficient appliances to reduce long-term maintenance costs.

What are some resources I can use to learn more about property maintenance?

Online resources: Government websites, property management blogs, and DIY forums offer valuable information and guides.
Local hardware stores: Often have knowledgeable staff who can answer your questions and recommend products.
Professional organizations: Associations for specific types of properties (e.g., landlords, homeowners) often provide educational resources and member benefits.
Books and libraries: Many resources offer comprehensive guides to property maintenance and repairs.

By understanding these essentials, you can proactively manage your property maintenance needs, save money, and ensure your property remains in good condition for years to come.

A Final Word

These solutions allow you to keep your rental properties in check, while also helping you enjoy consistent revenue generation. This goes a long way toward maintaining the state of your rentals.

INTERESTING POSTS

The Pros And Cons Of Starting An eCommerce Business

Tips & Hacks

Daniel Segun

-

February 18, 2024

0

The Pros And Cons Of Starting An eCommerce Business

Have you thought of starting an eCommerce business but aren’t sure whether it’s worth it in 2022? This post will show you the Pros and cons of starting an eCommerce business in 2022.

As with starting any type of business, there are always positives and negatives. Still, virtual business models like eCommerce are growing in popularity due to the lower threshold of entry and the broader accessibility of the market.

Read on to discover the pros and cons of starting an eCommerce business and decide if it’s the right move for you.

Table of Contents

Pros

There are many good reasons to start an eCommerce business.

Easy to get started

It’s relatively to start an eCommerce business. You don’t need nearly as much startup capital as a brick-and-mortar store.

If you buy stock on demand, you won’t even have to build up a large inventory.

With an eCommerce store, you can find your products, build a website, do some marketing, and start selling.

Easier Marketing

With eCommerce, you can often get your customers’ information easily (just remember to ensure that your forms are secure).

You can offer discounts when customers sign up for your email list and gather emails when they place orders.

From there, you can advertise through email, which is highly effective. You can even retarget customers to remind them of products they viewed or recommend products.

Easy to scale

It’s much easier to grow an eCommerce business than a brick-and-mortar business. When you’re ready to expand, you can hire new employees, add more products, and ship to more places.

With a brick-and-mortar, you’ll have to invest much more to build and supply a new location.

Cons

Before starting an eCommerce business, you should consider the following factors.

Competition

The eCommerce market is highly competitive. You’ll have to do a lot to stand out from the competition.

Unless you offer something unique, you’ll also be up against Amazon, which dominates the market. It may take time to grow your business until it’s profitable.

Shipping

Managing shipping can be a pain, primarily if you ship internationally. You’ll be responsible for packing things up, making labels, and getting everything to the post office.

Alternatively, you can hire someone to take care of it, but it may be costly.

Some people prefer brick-and-mortar

Even though online shopping continues to grow in popularity, a large segment of the population still prefers brick-and-mortar stores.

Some people enjoy the experience of buying things in person, while others only accept certain types of items online.

To avoid these issues, you’ll have to offer something people can’t get anywhere else. Otherwise, you will compete with physical stores for the foreseeable future.

The Pros And Cons Of Starting An eCommerce Business: Frequently Asked Questions

Parting Thoughts

There are some risks associated with starting an eCommerce business, but if you have the motivation to put in the hard work and stick it out through the rough times, it’s still possible for you to be successful.

Put your focus into creating a unique, high-quality, useful product. Offer a fantastic customer experience and then work hard at marketing.

Before you know it, you may be the next successful eCommerce entrepreneur.

INTERESTING POSTS

Zorab Ransomware Impersonates STOP Djvu ransomware decryptor

News

Noredia Imuwahen

-

February 17, 2024

0

Zorab Ransomware Impersonates STOP Djvu ransomware decryptor

Cybersecurity researchers have issued a warning about a cunning tactic employed by the Zorab ransomware, where it masquerades as a decryptor for the STOP Djvu ransomware family.

This deceptive approach lures unsuspecting victims into further encryption, potentially doubling their data hostage situation.

Table of Contents

Zorab Ransomware: Key Information

Feature	Description
Initial Discovery	Late 2019
Original Function	Malware loader
Current Function	Data stealer targeting Microsoft Exchange servers
Deceptive Tactic	Masquerades as STOP Djvu decryptor
Impact	Encrypts files twice, doubling the damage and ransom demands
Techniques	Fileless execution, registry persistence, modular plugins
Targets	Primarily US and German entities
Stolen Data	Credentials, domain certificates, user information
Infection Vectors	Phishing emails, infected attachments, software vulnerabilities (under investigation)
Mitigation Strategies	Patch vulnerabilities, update security software, be cautious of emails, implement MFA, educate employees, monitor systems, DO NOT download or use suspicious decryptor tools.
Resources	Cybersecurity news outlets and cybersecurity professionals

Zorab Ransomware Poses as STOP Djvu Decryptor, Doubles the Trouble for Victims

Zorab, initially discovered in 2019, has evolved from a malware loader to a full-fledged data stealer targeting sensitive information from Microsoft Exchange servers. Its latest trick involves posing as a solution for victims already suffering from STOP Djvu infections.

STOP Djvu, a notorious ransomware family, encrypts files and demands a ransom for decryption. While free decryptors exist for some variants, they’re not always effective. This vulnerability is exploited by Zorab, appearing as a beacon of hope for desperate victims.

“When someone infected with STOP Djvu searches online for a decryptor, they might stumble upon a seemingly legitimate-looking tool,” explains Michael Gillespie, a cybersecurity analyst and founder of Ransomware ID service.”

However, clicking on that download link could unleash Zorab, encrypting their already compromised files with a different key, essentially doubling the damage.”

The consequences of this double encryption are severe. Victims not only lose access to their files once, but twice, potentially multiplying the ransom demands and making recovery even more challenging.

How to Protect Yourself From Zorab Ransomware

Be wary of unsolicited decryption tools: If you’re infected with ransomware, only seek help from reputable sources like cybersecurity professionals or official decryption tools from trusted organizations.
Never click on suspicious links or attachments: Phishing emails often masquerade as helpful resources, including fake decryptors. Remain vigilant and avoid clicking on anything suspicious.
Backup your data regularly: Having a recent backup ensures you can restore your files even if they’re encrypted by ransomware.
Keep software updated: Patching vulnerabilities promptly minimizes the risk of falling prey to ransomware attacks.
Educate employees: Train your employees on cybersecurity best practices, including recognizing phishing attempts and the importance of data backups.

Zorab Ransomware: Frequently Asked Questions

What is Zorab ransomware and what does it do?

Zorab ransomware, initially discovered in 2019, has evolved from a malware loader to a data stealer targeting sensitive information from Microsoft Exchange servers. It steals credentials, domain certificates, and user information.

Recently, it has adopted a deceptive tactic, posing as a decryptor for the STOP Djvu ransomware family, tricking victims into further encryption and doubling the damage.

How does Zorab ransomware spread and infect devices?

The specific infection vectors are still under investigation, but Zorab likely employs various methods like phishing emails, infected attachments, and exploiting software vulnerabilities.

What are the signs of a Zorab ransomware infection?

If your files are encrypted and you see a ransom message demanding payment, it’s possible you’re infected. Additionally, if you unknowingly downloaded a fake decryptor for STOP Djvu ransomware, your files might be doubly encrypted by Zorab.

What should I do if I suspect a Zorab ransomware infection?

Act quickly! Isolate the affected system immediately, disconnect it from the network, and do not download or use any suspicious decryptor tools. Seek professional help from cybersecurity experts to assess the situation and guide you through the recovery process.

How can I protect myself from Zorab ransomware?

Here are some key steps:

Patch vulnerabilities: Ensure all systems, especially Microsoft Exchange servers, are updated with the latest security patches.
Update security software: Keep your antivirus and other security software up-to-date with the latest threat definitions against all forms of cyber threats.
Be cautious of emails and attachments: Don’t open suspicious emails or click on unknown links or attachments.
Implement multi-factor authentication (MFA): This adds an extra layer of security to logins, making it harder for attackers to gain access even if they steal credentials.
Educate employees: Train them on cybersecurity best practices, including phishing awareness and safe email handling.
Monitor your systems: Regularly monitor your systems for suspicious activity and investigate any potential threats promptly.
Backup your data regularly: Having a recent backup ensures you can restore your files even if they’re encrypted by ransomware.
Never download or use suspicious decryptor tools: These tools might be part of the attack and worsen the situation.

A Final Word

By staying informed and taking proactive measures, you can significantly reduce the risk of falling victim to ransomware scams like Zorab’s deceptive tactics.

Note that staying informed about evolving threats and taking proactive security measures is crucial for protecting your organization from ransomware attacks like Zorab.

Remember, if you suspect a ransomware infection, act quickly, isolate the affected device, and seek professional help to minimize the damage.

RELATED POSTS

Gift Cards Are Increasingly Popular Among BEC Scammers

CyberBust

David Balaban

-

February 17, 2024

0

Gift Cards Are Increasingly Popular Among BEC Scammers

Business email compromise (BEC) is one of the most impactful techniques in the present-day con artists’ toolkit.

To execute this type of attack, cybercrooks hack or spoof an email account of an organization’s senior manager and send fake invoices on behalf of this trusted person to contractors or employees within the same company. The goal is to hoodwink the recipients into wiring money to the criminals.

This vector of cyber fraud has reached tremendous heights over time, eclipsing corporate data breaches and ransomware in damages.

According to the latest Internet Crime Report by the FBI, the reported losses over BEC scams amounted to $1.77 billion in 2019. For the record, that’s nearly half of last year’s total cybercrime losses.

Table of Contents

Gift Card Frauds On The Rise

Amidst this rampant social engineering epidemic, malicious actors are increasingly switching to a new rip-off tactic that might appear marginal at first sight. Unlike a classic BEC scenario where an impostor requests a wire transfer, the surging trend is to ask for gift cards instead.

This model has matured significantly during the past few years. As per the findings of email security provider Agari, it accounted for 65% of all business email compromise scams in Q3 2019.

This variant of the hoax mainly zeroes in on smaller organizations and nonprofits that aren’t very likely to have sophisticated anti-phishing mechanisms in place. The usual targets are town schools, healthcare facilities, churches, and charities.

The logic behind this stratagem is to impersonate a would-be victim’s boss or colleague and request a certain number of gift cards, stating that it’s supposed to be a surprise for a long-term supplier, an end-of-year bonus for personnel, or similar.

The crooks typically ask for Apple iTunes, Google Play, Amazon, or Steam Wallet gift cards. Sometimes, they request cards from stores like Walmart, Walgreens, Target, or CVS.

The self-proclaimed manager instructs the target to scratch out each card’s back and send out the codes. If those are digital cards, he’ll say he needs the screenshots of the codes.

To set this swindle in motion, scammers may mimic a staff member’s email address by adding a few hardly conspicuous characters. Email spoofing is a more effective technique that plays into the attackers’ hands, making the sender’s address look identical to the legitimate one. Sometimes, the criminals can infect a company’s servers with malware that steals email credentials.

Why Business Email Compromise Gift Cards?

Going the wire transfer route seems to make more sense from an attacker’s perspective because the requested amount can reach tens of thousands of dollars. In a gift card BEC scam, the sum usually ranges between $1,000 and $2,000.

However, the latter technique provides fraudsters with several game-changing advantages.

More victims – more money. The scope of targets isn’t limited to finance or HR employees who can initiate wire transfers. A much larger number of potential victims means that the crooks can rake in more money despite a relatively low success rate.
There is a low chance of exposure. Victims are unlikely to tell their co-workers about the fraudulent request until they realize they have been scammed. The reason is simple: if you are going to make a gift, you keep it secret.
Anonymity. Gift cards are nearly impossible to track down. Furthermore, these purchase transactions are irreversible, for the most part. It means the malefactors can resell or use them to buy goods without worrying about being caught.
Quick cash. The criminals don’t have to rely on intermediary services to receive fraudulent gains. This isn’t the case with wire transfers, where so-called “money mules” are recruited to launder ill-gotten funds through their bank accounts. Law enforcement agencies and financial institutions have become proficient in identifying and blocking these mule accounts. Gift card scammers skip this stage altogether.

Aside from the above benefits, there are several downsides of BEC frauds that piggyback on Apple iTunes and other types of gift cards. One of them is that crooks lose much of the card’s value when exchanging them for cryptocurrency as part of the laundering process.

Another drawback is that it’s challenging to defraud victims of more than a few thousand dollars worth of cards in a single attack.

The Cash-out Process

Once gift cards have been illegally obtained from an unsuspecting victim, the next thing on BEC scammers’ checklist is to convert them into fiat money. Researchers from the Agari mentioned above firm provide insights into this workflow based on the activity of a high-profile Nigerian cybercriminal group codenamed Scarlet Widow.

According to the analysts’ observations, the monetization chain revolves around a peer-to-peer marketplace called Paxful.

This US-based entity supports numerous payment channels for purchasing cryptocurrency, gift cards being among these methods. Notably, the exchange rate for iTunes gift cards on Paxful fluctuates between 40 and 80 cents for $1 worth of Bitcoin, so the felons lose a good deal of the original value.

After completing the transaction, the resulting cryptocurrency is deposited into a Paxful wallet. From there, it is forwarded to another exchange service called Remitano, which allows users to trade Bitcoin for regular currencies. Having negotiated the price with a buyer, the fraudsters get the funds via a bank transfer. From that moment on, they can safely withdraw the money from their bank account.

Seasoned business email compromise scammers can play this trick super-fast. In one episode, the Scarlet Widow crew reportedly duped an administrator at an Australian university into sending them $1,800 worth of iTunes gift cards. Agari researchers claim it took the con artists more than two hours to go through the cash-out chain.

How To Avoid Being Scammed?

The easiest and most effective way to steer clear of these scams is to confirm every request to purchase a gift card with the colleague who supposedly sent it. A quick phone call or an extra email to the contact in your address book will suffice to check whether the “do me a favour” thing is real.

Also, watch out for a few telltale signs of such an attack. The impostor will usually emphasize he is caught up in meetings all day and won’t be available on the phone. Also, the perpetrator will typically claim the issue is urgent to pressure the target. Another precaution is scrutinizing the sender’s email address for inaccuracies if you suspect the request might be fishy.

Although these symptoms are easy to identify, gift card scams continue to skyrocket, and this probably won’t change anytime soon. Under the circumstances, the importance of social engineering awareness training within organizations is hard to overestimate.

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Better Investment Offers

More Features

Academy and Training

Crypto Marketplace

Payment Gateway

Benefits of Using an Exchange for Beginners

Frequently Asked Questions

Which exchange is best for beginners?

How much crypto should I start with?

What are the risks of using an exchange?

Should I move my crypto to a personal wallet later?

What other things should I know as a beginner?

Bottom Line

Dynadot Services

Domain Marketplace

Affordable Prices

Domain Extensions

Website Builder

Professional Email

Mobile App

24/7 Support

Dynadot: Frequently Asked Questions

What services does Dynadot offer?

How do I register a domain name with Dynadot?

How much does it cost to register a domain name with Dynadot?

How do I transfer my domain name to Dynadot?

What are the benefits of using Dynadot?

Bottom Line

Why Is Remote Work A Threat To Security?

What Kind Of Security Threats Targets Remote Workers?

Lack of security software and inattentive security

Emails

Dangerous security apps

Man-in-the-middle attacks

How To Overcome Remote Work Security Threats

Bottom Line

What Is Kangaroo Home Security? How Does It Work?

Why You Should Use Kangaroo Home Security Starter Kit?

Kangaroo Home Security System Features

App usage and device connectivity

Real-time notifications

Arming and Disarming

Third-party Integrations

View live recordings and recorded clips.

Kangaroo coverage

Conclusion

How To Start An Insurance Business

Step 1: Research the Insurance Industry

Step 2: Develop a Business Plan for Your Insurance Business

Step 3: Get the License for Your the Insurance Business

Step 4: Choose a Business Structure

Step 5: Register your Insurance Agency for Taxes ID

Step 6: Apply for Permits & Licenses for Your Insurance Agency

Step 7: Get Insurance for Your Insurance Agency

Step 8: Create a Brand for Your Insurance Business and Market it

Step 9: How To Keep Customers Coming Back

How To Start An Insurance Business: Frequently Asked Questions

What are the essential steps to starting an insurance business?

What are the biggest challenges in starting an insurance business?

What are some key skills and qualities needed to succeed in this field?

Bottom Line

Home Improvement Solutions

Background Check Services

Digital Signature Solutions

Bookkeeping Services

Home Listing Apps

Key Management Tools

Lending and Financing Opportunities

Property Maintenance Essentials: Frequently Asked Questions

What are the most common property maintenance tasks I need to perform?

How often should I perform these tasks?

What are some ways I can save money on property maintenance?

What are some resources I can use to learn more about property maintenance?

A Final Word

Pros

Easy to get started

Easier Marketing

Easy to scale

Cons

Competition