Thursday, August 27, 2020

A Renter’s Guide to Different Types of Apartments

If you’re a renter (or looking to become one), it’s a good idea to understand the different types of places that may be available to you. Here’s a breakdown of some common apartment types to help you learn how to identify the differences between them. 

Different Types of Apartments 
Understanding the different types of apartments, including size and layout, can help maximize your use of time when deciding what places you should tour. 

Studio 
A studio apartment consists of one room that serves as an open living space, says Realtor.com. This means your living space, kitchen and sleeping area are together in one space with a separate door that leads to a bathroom. According to Apartment Guide, studio apartments tend to be between 300 and 600 square feet. 

Alcove Studio 
An alcove studio is similar to a traditional studio, except it includes a separate nook (or alcove) for a bed, says Apartment Guide. Since alcove studios allow for separation of the sleeping area, it can create more privacy. 

Convertible Apartment 
According to Apartment Guide, a convertible apartment has extra space that you can wall or curtain off to create another bedroom or separate space. It may require you to divide the living room into two rooms, so that one can be a bedroom. 

Micro Apartment 
A  micro unit typically has less than 300 square feet, which usually includes a fully functional kitchen, says Realtor.com. Even though these units are smaller, they typically include high ceilings or flexible living spaces – for example, a bed that can fold up into the wall to create open living space during the day.

Loft 
A loft is typically a large room with high ceilings, few walls and large windows, says Apartment Guide. Like studio apartments, lofts have full kitchens and sleeping areas, but are much larger and often built in old factories or warehouses that have been changed into residential space.

One-Bedroom Apartment 
A standard one-bedroom apartment contains a true bedroom, according to Apartment Guide. The American Society of Home Inspectors (ASHI) explains that a bedroom is typically required to be 70 to 80 square feet, has a way to be heated (such as a vent from a central heating and air system or a window unit), includes an openable window and door, and typically has a ceiling height of at least seven feet. However, ASHI notes that local codes may differ in terms of ceiling or window height and square footage. 

Duplex 
A duplex is one structure composed of two separate living units, says Apartment Guide. Duplexes have separate entrances to each unit, which are similar in size. A triplex is similar to a duplex, which means there are three homes within one building.  

Co-Op
A housing cooperative (“co-op”) is shared housing where a group of people own an entire property together, according to Zillow. Purchasing a “share” gives owners exclusive rights to a living unit at the property and a vote in how the co-op functions, says Zillow. However, keep in mind that because owners of a co-op own the entire property together (rather than a specific unit), the rental process may be more tedious, says Apartment Guide. 

Garden Apartment 
A garden apartment occupies the ground level of a building, according to the National Multifamily Housing Council. These units are typically found in a single family home. 

High-Rise Apartment Unit 
Apartment Guide states that a high-rise apartment unit is typically found in a building that has at least 12 stories. A high-rise apartment building will typically have access to elevators, adds Apartment Guide. 

Mid-Rise Apartment Unit 
A mid-rise apartment unit is typically found in a building that is five to 11 stories high, according to Apartment Guide. These buildings usually have one elevator and are commonly found in urban areas. 

Low-Rise Apartment Unit 
A low-rise building has no more than four stories, and sometimes doesn’t include an elevator, says Apartment Guide. 

Railroad Apartment 
A railroad apartment is one in which a hallway runs from the front to the back of unit, with rooms located off the hallway on one side, explains Rent.com. The layout is similar to the format of a railroad sleeping car. 

Walk-Up Unit 
A walk-up apartment is found in a building without an elevator, says Apartment Guide. This type of apartment is also typically found in a smaller building with few tenants. 

In-law Unit 
An in-law apartment is a smaller, separate unit sharing the same lot as a single-family home, says Realtor.com. In-law units may be converted rooms of the main house with its own, separate access, or detached from the main house. They are sometimes known as “accessory dwelling units” or “secondary suites,” according to Realtor.com. 

Flat 
A “flat” is typically the same thing as an apartment, according to Rent.com. In the U.S., the word “apartment” is more commonly used than “flat.” Sometimes, the word “flat” is used when tenants in an apartment building with several units share communal areas, adds Rent.com. 

Knowing the differences between types of housing that are available to you is key when searching for a rental. Take time to understand your options so you can find the right place for your situation and budget.

Thursday, August 20, 2020

Check out the best rates we are currently offering!

This is a great time to talk about protecting your hard-earned money from market risk and providing a higher rate than you may be getting from many, if not most, of your savings and investment accounts.

These rates available in most states:

  • 2 year – 2.3%
  • 3 year – 2.5%
  • 4 year – 2.85%
  • 5 year -  3.8%
  • 7 year – 3.5%

Call me today at 844-741-3684 to take advantage of these great rates!


Doug Myrick | Insurance Policy Centres LLC | 305.741.3684 | www.dougmyrick.com

Monday, August 17, 2020

What Does Life Insurance Help Protect?

 

While the benefits of life insurance may not be immediately apparent, having a policy can be a great way to help protect your loved ones after you pass away. But what does “protecting” really mean? We’ll help you understand just how important a life insurance policy can be to your loved ones.

What Life Insurance Can Help You Protect

Buying a life insurance policy is a big step toward helping to secure your loved ones’ financial futures. We’ve got a few examples of ways life insurance can protect your loved ones’ financial stability after you’ve passed away to help you understand the main benefit of life insurance.

Funeral costs

Funerals can be expensive, and the last thing anyone wants is to be worrying about money while they’re grieving. While it may sound simple enough to purchase a coffin or cremation service, consider the cost of the burial plot, headstone and the cost of renting the funeral home for the wake. According to the Huffington Post, the average funeral costs around $11,000, so having extra money to cover those expenses can relieve loved ones of a huge financial weight.

Lost income

Life insurance can be a big help if the loss of a loved one also results in the loss of income for your family. Using this money as income replacement can help protect financial stability for your beneficiaries. In fact, when you consider purchasing life insurance, you should take into account how much you earn and how many years of income replacement may be necessary should you pass away.

Your mortgage

Along with lost income comes the sudden need to cover bills without a second earner in the household. If you intend to pass on your home to your loved ones but haven’t paid off the mortgage, a life insurance policy could help them pay for it or cover the costs of selling it after you pass away.

Higher education

If you, your partner or your dependents are currently in school or saving for school, life insurance can help protect those savings or help cover the costs of continuing education. It can even be used to help pay off student loans.

Outstanding debts

If you were to pass away and leave behind debts that are inherited by your next of kin, those debts will need paying. Usually, the only kinds of debt a person can inherit are any they’ve cosigned for, like loans or credit cards, although some states may require them to pay their parents’ medical bills as part of legally required “filial responsibility.” Before passing the debt on, the deceased’s estate is typically liquidated to pay for debt — but that may not be enough to pay it all off. Life insurance can help cover that expense and help prevent loved ones from being burdened by extra debt.

Because your beneficiary can generally use the money they receive from your life insurance policy for any reason, it can be an incredibly helpful windfall that will help financially provide for your loved ones after you’ve passed away. If you’re considering purchasing a life insurance policy, connect with me to get the process started. I can help you understand what the right amount of coverage is for your needs.

Doug Myrick | Insurance Policy Centres LLC | 305.941.3684 | www.dougmyrick.com

Tuesday, August 11, 2020

STREAMING WARS

 

This under-the-radar streaming service might be the next big thing

There’s a dark horse candidate in the streaming sweepstakes.

Tubi is a free, ad-supported platform with 23k+ offerings and 25m viewers. It’s especially popular with millennials and Black and Latino viewers.

In June, Tubi streamed 200m hours, doubling its growth over the past year. It was recently acquired by Fox in a $440m deal.

How’d it get there? 

Founder Farhad Massoudi told Fast Company his mission is “super-serving the underserved.”

You won’t find Friends or original shows on Tubi. Instead, it curates deep cuts aimed at tapping into millennial nostalgia (shoutout to Heathers, the OG Mean Girls). Other Tubi gems: Seabiscuit and Teenage Mutant Ninja Turtles.

Tubi also shows off the diversity of its catalog: It features Black cinema and Spanish-language categories on its main page, and it created a “United Against Inequality” feature during the Black Lives Matter protests. 

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Doug Myrick | Insurance Policy Centres LLC | 305.941.3684 | www.dougmyrick.com

Wednesday, July 29, 2020

What does "live like you were dying" mean to you?

First, I hope you're safe during these unprecedented time we live in.

But the Tim McGraw song titled "Live Like You Were Dying" is relevant to us all
https://www.youtube.com/watch?time_continue=3&v=_9TShlMkQnc&feature=emb_logo

You may remeber that part of the song goes like this...

"I went sky divin',
I went rocky mountain climbin',
I went 2.7 seconds on a bull named Fumanchu.
And I loved deeper,
And I spoke sweeter,
And I gave forgiveness I'd been denying."

And he said, "Someday I hope you get the chance to live like you were dying."

Why do I bring this up?

Because you need to live like you were dying too.

You need to start chasing, and living, your dreams today...don't wait until tomorrow.



Doug Myrick | Insurance Policy Centres LLC | 305.941.3684 | www.dougmyrick.com

Sunday, July 19, 2020

There's an awful lot of hullaballoo over masks these days.

To mask or not to mask... that is the question. This isn't the first time we've had to decide between what we want as an individual and what is good for the greater collective population. At one time we all had the opportunity to decide on wearing seat belts, public smoking and motorcycle helmets too. Turns out that each of these actions saves lives.
Humanity has faced this crossroad since the beginning of time. When and where should we sacrifice individual liberties for the greater good?
The virus doesn't care about civil liberties. The virus doesn't care about an election year or any particular country. It just is and does what it does. We can argue about the numbers. Interpretations and opinions will vary but, infection numbers, hospitalizations and deaths are increasing worldwide.
We can choose to focus inwardly, on ourselves, or outwardly on others. I choose to wear a mask and to focus outward because it's not about me. It's about you.

The Virus Stops Here.

Love and Blessings,
https://lumen5.com/user/doug_myrick/theres-an-awful-lot-oebzw/?fbclid=IwAR3s7ZgGsaMq76wHA3n4lviX4yGWQ7edafQQYU4PB8ePSj8gFSUC6p6YrZE

Thursday, July 2, 2020

Leading without Burning Out

With the unbelievably sad George Floyd tragedy, traveling the East coast & Midwest these past few weeks with my wife, listening to the stories of job seekers struggling in this climate (whether or not they are working...everyone is struggling in some way), the world is hurting.
As a result, an article from Talent Smart titled, “How Successful People Beat Stress and Avoid Burnout” caught my attention.
This is a taxing time for us “fixers”.
We want to fix all that’s wrong and causing the hurt, but in so many ways this is immensely bigger than any one person.
Which can make some feel overwhelmed and hopeless and inspire others to do better. Or make some vacillate between both positions ... which is where I think most of us “fixers” lie.
We have to take responsibility for our roles in the world. Stand up for what’s right. Protect our families. Be there for our team. Be the resource for our clients and our tribes.
There was a quote from this Talent Smart article that resonated with me to help us be better leaders during this time of crisis while taking care of ourselves (because we can only be of use to others if we take care of ourselves through this trying time.).
“From Insights To Action. At the heart of EQ (emotional intelligence) and leadership lies a whole set of delicate balancing acts: Sharing without oversharing, emotional honesty without emotional dumping or lashing out, the needs of the company with empathy for individuals, and information in the right amounts while the right timing. Add these three behaviors to your leadership repertoire, and you’ll be surprised how far they go to carry your team through these changing times.”
If you ever want to chat, or need a sounding board, please let me know. I read and respond to every email.
Be well,
Doug

Doug Myrick | Insurance Policy Centres LLC | 305.941.3684 | www.dougmyrick.com