Deals in Writing: Never Rely on a Verbal Agreement
In today's fast-paced world, people tend to make deals with just a simple handshake or a few words of agreement. However, while verbal agreements are still used in various areas of business, they are becoming more and more unreliable. It can lead to disastrous consequences, especially in those cases where there is a conflict of interest or a misunderstanding. This is why it is essential to have your deals in writing. In this blog post, we will explore why you should always insist on a written agreement and the benefits of doing so. 1. Clarity and Detail One of the primary advantages of having your deal in writing is that it provides clarity and detail. When you have a written contract, it can establish the terms of the agreement. Additionally, including its purpose, scope, and specific details related to the transaction. The terms will consider all possible scenarios and many things are discussed in detail so that there is no ambiguity. This means that everyone involved in the transaction knows what is expected of them. There is a clear understanding of what will happen if there is a breach of the contract. 2. Legal Enforceability Another benefit of having your agreement in writing is that it is legally enforceable, which means it has the power of law behind it. This means that if one party breaches the contract, the other party has legal recourse to remedy it. In comparison, verbal agreements are difficult to legally enforce, and they often depend on word of mouth. By having your terms in writing, you have the legal benefit of protection. 3. Better Communication and Record Keeping Having deals in writing allows better communication and record-keeping, ensuring that there is no loss of information. For example, if there are multiple parties involved in a transaction, the written agreement can be circulated to all parties. It can then be referred to later if there are any queries. Without a written agreement, there is no easy record to go back to should there be a dispute down the line. Which can be detrimental, particularly when dealing with large sums of money. 4. Professionalism By insisting on a written agreement, you show professionalism and a sense of responsibility. This demonstrates that you take your business dealings seriously and are not willing to cut corners that can lead to misunderstandings or conflict with your counterparties. It portrays your accountability for your actions. This is an instrumental element, particularly in any business where integrity is essential in building and maintaining a solid reputation. 5. Peace of Mind Finally, having your agreement in writing provides peace of mind. A verbal agreement can never provide you with the same level of protection as a written one. By having everything written down, you're guaranteed that everything lies in writing, creating accountability. It can give you the extra boost of confidence and assurance that everyone is on the same page, and no one will feel slighted down the line. In conclusion, it is essential to have everything in writing to avoid any misunderstandings or conflicts. The need for the written agreement extends beyond the legally enforceable part of the deal, from professionalism to better communication and record-keeping. So, the next time you're making a deal, don't hesitate to insist on a written agreement. It will prove to be the smartest decision you ever made. Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com
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Renting out a property can be a great source of extra income, but when it comes to finding tenants, many property owners face the challenge of filling vacancies with long-term renters. Sometimes, however, what you really need is a tenant for a shorter term, like a travel nurse who is only in town for a few months. Luckily, innovative resources, such as Furnishedfinder.com, connect property owners with tenants seeking a more short-term solution. In this blog post, we'll discuss how Furnishedfinder.com works and how it can help make your property a more attractive rental for those searching for a temporary home. Benefits of Short-Term Rentals: There are many advantages to renting out your property for a limited amount of time. For one, you don't have to worry about a lengthy lease agreement. Instead, you can rent out your property to numerous tenants over time. Additionally, you can charge higher rental rates for short-term rentals since the tenants usually need housing. Furthermore, if you want to use your property yourself for an extended period, you can do so by renting it out for short-term periods of time when you are away. How Furnishedfinder.com Works: FurnishedFinder.com was established in 2008 as the first company in the travel nurse housing industry to specialize in fully furnished monthly rentals. The website connects property owners with travelers in search of short-term rental options. Property owners can advertise their furnishing, location, and availability while renters can browse listings that fit their needs, such as locations near their work or with specific amenities. There are no listings or subscription fees for property owners, which makes it easy and cost-effective to advertise on Furnishedfinder.com. Sign Up for Property Owners: To start renting out your property, simply set up an account and fill out the basic information about your property, including the location, number of bedrooms, and available dates. Don't forget to upload images of the space and highlight any unique selling points. Once you're ready, your property will be listed on Furnishedfinder.com, and travelers can contact you to rent your property. It's that simple! Pros and Cons of using Furnishedfinder as a Resource: While Furnishedfinder.com is a great resource for short-term rentals, there are some pros and cons to consider when using their service. One significant advantage is that the tenants using the website are typically vetted by medical staffing agencies or traveling on work assignments, which makes for a more dependable rental experience. Additionally, the website offers many features, including renters insurance, utility setup support, and support for locals who can help to check on your property when you're away. On the other hand, the website is narrower in scope than traditional rental platforms, meaning your potential pool of renters may be more limited. However, if you are looking for a reliable tenant for a shorter rental term, the limitations may not be a significant issue. Whether you're renting out your property for extra income or trying to take advantage of a temporary vacancy, Furnishedfinder.com could be an excellent resource for you. By offering short-term rental options that are easy to set up and manage, property owners can attract tenants in need of a short-term solution. Remember; providing quality facilities and service will inevitably bring good reviews, and in turn, attract more potential renters. By considering Furnishedfinder.com as an option for your rental needs, you can take advantage of the benefits of short-term rentals and, potentially, make more money! Contact Shawn Wilmoth REALTOR® today for help finding exactly what you're looking for. www.shawnwilmoth.com
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