Top Tips for Business Owners Who Live in Multiple States

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It is not uncommon for business owners to have more than one residence and live in multiple states, but sometimes, the arrangement can get a bit complicated and unorganized. You need to ensure that you have what you require at each house and save money in the process. Here at Klashtech, we love to see businesses succeed with tech and web development, so we would like to take some of the stress off of your back with helpful tips for managing more than one home.

Take Advantage of the Cost-Benefit of Each State

While there can be many perks to living in multiple states, one of them is that you can often find better rates depending on where you’re at. For instance, if you are planning on purchasing a truck or car, then you might be able to get a better price in one place than the other. Then there is the cost of insuring that vehicle. Rates will differ greatly based on where you live and the statistics of that area. So, you could save potentially hundreds of dollars. The same goes for the title, DMV fees, and maintenance costs.

Assign a Registered Agent to Watch Your Business

Since you will likely want to enjoy both of your homes, there is a good chance that you won’t be present at your company every day. When you’re not there, you will want to put someone in charge, so consider hiring a registered agent. This individual can manage the day-to-day operations and be there if any surprises come up. A registered agent can also manage legal documents on your behalf, so you can be confident that your business is in good hands.

Buy Items for Each House

As a business owner, you likely have a busy life and you may not have the opportunity to go shopping each time you arrive at one of your homes. So, it is a smart idea to buy items that you keep at each house so you are always prepared. That might include non-perishable food, drinking water, furniture, and the devices that you need for work.

You’ll also want to buy products that will keep your family safe. For instance, you should consider purchasing surge protectors, anti-slip bath mats, and smart electronics, amongst other things. Before you buy anything for your family, make sure to do your research and look at reviews online from unbiased sources. That is the best way to ensure that you are getting a high-quality product that will keep your loved ones safe and give you the best bang for your buck. 

Look at the Average Cost of Goods, Services, and Storage Options

While we have talked about several different ways to make money, that is just the tip of the iceberg. The trick is to look at the average costs of many different expenses and make the best decision for you and your family. There are many costs to consider. For example:

  • The average grocery bill in Texas can typically come out to about $260 a month.
  • In Florida, the average premium for health insurance is just under $500 per month.
  • When it comes to securing the items that you don’t need to have in your house, you might expect to find self-storage options in Los Angeles for about $100 for a 5×5 unit.
  • If you have a family then childcare can be costly. In Nevada, you can expect an average annual cost of $900 a month.
  • Pet owners in Utah could expect to pay about $60 per month for pet insurance.

As you can see, with a little organization, you can manage multiple homes and keep your business in good shape. Just remember to compare costs, look for self-storage options, and hire a registered agent.

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