How Property Managers Should Handle Last-Yard Logistics

Property managers of multi-unit residential buildings are ultimately in charge of ensuring parcel deliveries reach their intended target. They must introduce a viable system for receiving packages, sorting them, and distributing them quickly and without any security lapses. They must also make sure that all the parcels are delivered to their destination on time. This is all part of last-yard logistics, which is one of the most important aspects of tenant satisfaction.

What Is Last-Yard Logistics?

Last-yard logistics is the process of getting the goods to their intended destination. The last-yard logistics process has evolved rapidly in recent years, with many companies using new technology for their supply chains. Although shipping companies have their own issues related to deliveries in residential areas, the people truly responsible for recipient satisfaction are property managers and the mailroom workers in the buildings themselves.

How Supply Chain Changes for Residential Customers

 

Ultimately, people who order something online or from a high street store and want it delivered do not care what type of truck it comes in, how many people handle the package, or the type of mailroom software and internal parcel tracking software used downstairs in their apartment building. All they care about is whether they get their parcel quickly and without any issues due to disorganization or lapses of security.

 

The entire supply chain for residential delivery currently suffers from multiple issues mostly caused by a huge increase in volume. Demand has risen more than 75% across the board is the start of the pandemic. (https://www.automotiveworld.com/articles/rethinking-last-mile-logistics-post-covid-19-facing-the-next-normal/)

 

While property managers cannot do anything about these changes, the way they handle parcels that come into the building makes all the difference in the world. They are in charge of last-yard logistics and will be held accountable by their tenants for any delays or mistakes. Full digitalization with a comprehensive and user-friendly mailroom management software system solves all these problems.

 

Mission Hill Apartment Rental Market Report

According to Boston Pads, the average rent price in Mission Hill is $2607. This figure is a bit lower than last year and has dropped by -2.38% since September of 2020. Compared to the city as a whole, where rent prices have fell by -2.88%, the decrease in Mission Hill rent prices has not been as severe.

The dip in rental prices for Mission Hill apartments is much lower than that of Boston’s more expensive rental markets. Seaport/Waterfront is a great example, which has experienced a much larger decrease of -17.75% in rent prices. Since August 2020, Downtown Boston has witnessed a drop of -18.97% in rent prices, the highest among the neighborhoods in the city. Considering the impact remote learning had on Mission Hill’s rental market, it’s a wonder rent prices weren’t impacted more.

Mission Hill Apartment Supply and Vacancy Rates

The Real-Time Availability Rate of apartments in Mission Hill is 3.56% currently. Comparing the data of August in both 2020 and 2021, the Availability Rate in Mission Hill has fallen by -65.60%. The Real-Time Vacancy Rate in Mission Hill is 0.91% currently. This rate has dropped by -57.48% when compared with the vacancy rate in Mission Hill in August of 2020. Similar YOY drops in vacancies have been noted in other popular student markets like Allston, Brighton, and Fenway. This suggests that the return of students to Boston will put an end to the vacancy issues.

Average Rent Prices in Mission Hill by Apartment Size

The average rent price of studios in Mission Hill is $1,391. In North End, the rent price of a studio apartment is $1790. Compared to a year ago, prices for studio apartments in Mission Hill has fallen by -10.89%. For 1 bedroom Mission Hill apartments the average price is $1856. It is much lower than the town of Seaport where the average rent of a 1 bedroom apartments is $2591. When compared with the prices of 2020, the 1 bedroom rent in Mission Hill has dropped by -7.98%.

Prices held steadier in Mission Hill for larger sized apartments. The 2 bedroom average rent in Mission Hill is $2600. Compared to the previous year, the rent has increased by +0.89%. Similarly, the average rent of a 3 bedroom Mission Hill apartment ($3,192) has risen+0.09% this year.

Over the past 12 months, the average rent price for a 4 bedroom in Mission Hill saw an increase of 1.60%. Currently the average rent price of a 4bedroom apartment in Mission Hill is $3,998. This price is lower if compared to North End, where the prices are $4956 this year.

The primary reason behind the drop in prices is the pandemic and more specifically remote learning. Mission hill is a big market for off-campus apartments in Boston, so the decline in the student population during last school year had a lasting impression on the local housing economy. Now that students have returned to Boston, we’re seeing prices begin to climb again heading into 2022. Look for prices in Mission Hill to rebound next year.

Benefits of Outdoor Umbrellas 

It is important to include an umbrella in your quest for the greatest patio furniture set for your yard. Perhaps you should look for a patio furniture set that has one, or at the very least allows you to add one. If you don’t already own an outdoor umbrella, you’re probably unaware of the numerous advantages it can provide. There are numerous benefits to having an outdoor umbrella installed on your lawn or elsewhere. The majority of them are unsurprising, but they are rarely examined. One such advantage is umbrella solutions for weather issues. Among the numerous advantages that these umbrellas can provide, a few of them are given below.

Safety for furniture

The sunlight can deteriorate your outdoor furniture. By shielding your furnishings from the sun, an outdoor umbrella will endure longer. You can protect the objects on your patio table from the weather. If you have a patio with furniture that is well shaded by outdoor umbrellas, they can extend the life of your furniture by preventing it from being burned by the sun. Being in such a shade helps to preserve the natural environment while also limiting the unneeded wear and tear caused by direct sunlight.

Protection from heat

The umbrella shields UV radiation, making it appear colder in the shade. Patio umbrellas can be extremely useful when you need to get away from the scorching summer heat. Patio umbrellas can help filter dangerous UV rays, which is a big plus for sun-sensitive people. They can even be used as a chill spot in your yard when it’s autumn or even winter to witness the beautiful snowfall. Not only does it give you a shade to stay under that would protect your skin and keep the temperature stable but also acts as a rescuer for the heat. Outdoor umbrellas simply provide an additional living spot for the property.

For decor purposes

Patio umbrellas are an important piece of furniture that complements a patio set. It can enhance the aesthetic of your patio furniture. It’s like having a room with no walls if you don’t have an umbrella for your outdoor space. Outdoor umbrellas can also add a touch of sophistication to your home from the outside. Umbrellas with a traditional appearance complement towering pieces of furniture. Outdoor umbrellas can give your home a very classy atmosphere from the outside.

Privacy

Not only does the umbrella provide privacy from the neighbors who are staring at your outside space, but it also protects your skin from harmful UV rays of the sun. Umbrellas with movable arms allow you to face the side you want to block with the umbrella.

All-Year Use

It’s one thing to have an umbrella on your patio or porch during the summer, but you can use it all year. In the winter, sit outside, have a hot beverage, and photograph the sun sinking while it snows. Your outside space may be used in any season thanks to the large open umbrella.

Silver and precious metal news that dominated 2020

Another year is almost over, but so much has happened already. 2020 was a volatile year for investors who had to stay on their toes to keep track with the roller coaster of rising and galling precious metal prices. Thankfully, 2020 has long passed and soon it will be a distant memory. There were so many stories that turned heads in 2020. Looking at the precious metal’s market, there are some distinctive news and reports on silver that grabbed a lot of attention.

Record-breaking gold prices

The gold price reached unprecedented highs as COVID raged and uncertainty kept most people in limbo. The price went as high as $2,070 an ounce overtaking the $1,921 record set in 2011. This impacted the price of silver. Dealers were reporting shortages of gold and silver bullion and trying hard to drum up business on the reselling did by urging those who had any silver or gold to sell. The factors that pushed prices up may have abated but the uncertainty is still there which is why a lot of analysts aren’t predicting major changes in the next 12 months. However, if you would like to sell bullion, you will need to follow the market and sell when you need to.

Silver’s rise and fall

The gold price wasn’t the only rising precious metal. The price of silver also went up to $28 an ounce, a price it had not been able to reach in seven years. However, before anyone with silver could celebrate, silver fell back to $23.88. The silver market is notorious for its volatility so this was to be expected but it soon made up and rose to $26.00. The new U.S President has brought some fresh air into the White house and the positive sentiments that came at the departure of former president Biden, who has big plans to improve the economy and push green energy like solar power which depends on silver, makes silver that more valuable.

Wild discoveries

Whilst people across the globe were making wild gold discoveries with nothing more than just metal detectors, the mining industry was contemplating the issues of reaching peak gold. Silver mining fell by 2.4% in 2020. This was mainly due to the halt in mine production because of lockdown rules. Mexico, the biggest producer of silver recorded a low mining output and so did major markets like China. For most countries there restrictions were largely relaxed around June. However, the mines were still not operating at full capacity.

Impact on supply and Demand

Reduced mining output and lockdown restriction created a strong demand for silver which could not be met. These restrictions disrupted supply chain deliveries.

Scientific headline of the year

We learned that the cellphones we throw away could be recycled instead of throwing them away. The medals created for Olympic games in Japan were a great example of how recyclable materials can be reused. All the medals that were issued were made with metals reclaimed from cellphones that were dumped.

The future is still uncertain. No one really has a crystal ball that shows where the price of silver is headed. If you have silver you would want to sell, speak to an experienced precious metal dealer. Not only can you sell bullion at such dealers but you can get all the insight and knowledge you might need about this industry.

Five Tips for Setting up a Business

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2020 was a difficult year for many people, but for some it provided the perfect opportunity to reflect and perhaps change the things they were unhappy with. If, like many, you have come to the conclusion that you don’t want to work for a faceless corporation anymore and would rather be your own boss, congratulations!

Identifying that desire is a big step, but what lies ahead of you now is a long and difficult path to success. 60% of new businesses fail in the first 3 years and there’s a good reason for that – they fail to research, plan and prepare.

If you want to fall into the 40% of new businesses that succeed after 3 years, read on for our essential tips and tricks to setting up a successful business.

 

Identify your niche

If you are looking to establish a financial business you will first need to identify what area of finances you wish to specialise in. Are you going to become a crypto consultant? Perhaps you want to focus on brokering mortgages? Or maybe you want to go down the time old path of making loans?

Whatever it is you need to identify your niche and stick to it, for now. In the future there may well be time to diversify and expand but for now you want to focus on becoming the very best broker you can be or the most detailed consultant imaginable.

 

Buy your tools

Is there anything worse than a tradesman who turns up to your house to fix something, only to leave because they haven’t got the right tool for the job? Similarly if you are going to start your own financial business you need to ensure you have all the tools you’ll need to succeed.

If you’ll be taking a lot of check deposits, make sure you sign up for intuit checks to keep you one step ahead of fraudsters. Will you need access to specialised markets? Do you have a salaried accountant to utilise or could you benefit from buying accounting software? Think these things through.

 

Educate yourself

You might think you know everything about your chosen field or that you have all the necessary experience needed to make your small business a success. The truth is though that everyone can always improve and you are no difference.

Just because you are starting out on your own it doesn’t mean you know it all. Prioritise your professional development and learn as much as you can about operating your own business.

 

Train your staff

You can’t be present for every single customer or client interaction that your business will have, but you can do the next best thing. You can train your staff to the highest level possible, ensuring that whether a customer speaks to you or a staff member they receive the same high level of expertise.

 

Learn to prioritise tasks

One thing that we can guarantee is that at some point in the first month of starting your new business you will look at the clock and realise it’s nearly the end of the day and you haven’t done anything productive.

That’s because you’ll have been wrapped up in busy feeling tasks that have detracted your attention from the important stuff. A great tip for new businesses is to ignore your email inbox or voicemail for the first 2 hours of the day and instead focus on the nitty-gritty of productivity.

If you do this you’ll spend the most productive part of your day doing things that really matter and make a difference to your business.

 

In Summary

There are a myriad of different things you can do to make your new business a success and not just a statistic. Some of them are included in this article but there are a great many more that you can read in other articles or learn from established business owners.

Keep your eyes and ears peeled for tips and advice and never be afraid to ask for help and your venture may just take off!

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