Month: October 2024

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Scholarships are free money to help cover the cost of going to college, and they don’t need to be paid back like student loans. There are many scholarships and other forms of financial assistance that can help students with disabilities pay for college.

Below, we’ve outlined a list of disability scholarships, including their eligibility requirements and tips for applying.

What Is a Disability Scholarship?

A disability scholarship is a form of financial aid that’s intended specifically for students with a disability. Scholarships for students with disabilities may be used to cover the cost of support services in addition to tuition and room and board.

Scholarships and grants for college are a type of financial aid that you don’t need to pay back, making them a helpful resource to pay for college and school-related expenses.

It’s important to review the eligibility requirements before applying for a scholarship or grant. Some scholarships may be open to all students with a documented disability, while others are reserved for applicants with certain types of physical, learning, or emotional disabilities.

Recommended: Grants, Scholarships, and Loans: Differences

American Association on Health and Disability Scholarship

One notable scholarship for students with disabilities is the Frederick J. Krause Scholarship, which is funded by the American Association on Health and Disability. It provides multiple awards of $1,000 to students with a disability who are pursuing an undergraduate or graduate degree in a field related to disability and health.

To be eligible to apply, students must have completed at least one full year of college or be enrolled in a graduate degree program.

10 Scholarships for Students With Disabilities

In addition to the scholarship mentioned above, there are many other scholarships for students with disabilities to continue their education.

Scholarships can come from a variety of sources, including charitable foundations, nonprofit organizations, and private companies. Awards can be based on financial need, academic merit, or both.

There may be additional eligibility requirements, such as location or field of study. For instance, scholarships may be open to all levels of higher education or specific to students enrolled in undergraduate, graduate, or vocational programs.

Below is a list of 10 scholarships that are available exclusively to students with disabilities.

1. Microsoft Disability Scholarship

Scholarship amount: $5,000

Application deadline: October 1

The Microsoft Disability Scholarship is awarded to up to 10 current high school seniors with disabilities who plan to enroll in an accredited two- or four-year college or vocational/technical school in the U.S. Applicants must demonstrate leadership experience and a passion for technology, as well as be planning to pursue a degree in engineering, computer science, computer information systems, law, business, or a related field.

Recommended: Is a Computer Science Degree Worth It?

2. Anne Ford Scholarship

Scholarship amount: $10,000 ($2,500/year over four years)

Application deadline: April 21

The Anne Ford Scholarship, by the National Center for Learning Disabilities, gives a $10,000 award to a graduating high school senior with a documented learning disability. To be eligible, students must be planning to enroll in a full-time bachelor’s degree program.

3. Allegra Ford Thomas Scholarship

Scholarship amount: $5,000 ($2,500/year over two years)

Application deadline: April 21

The Allegra Ford Thomas Scholarship, also offered by the National Center for Learning Disabilities, awards one scholarship to a graduating high school senior who will enroll in a two-year community college, a vocational or technical training program, or a specialized program for students with disabilities. To apply, students must have a documented learning disability.

4. John Lepping Memorial Scholarship

Scholarship amount: Up to $5,000

Application deadline: May 1

The John Lepping Memorial Scholarship provides awards to support disabled youth in New York, New Jersey, and Pennsylvania in attending college. Recipients must be able to provide proof of a physical or psychological disability with a letter of confirmation by a physician.

5. Musicians With Disabilities Scholarship

Scholarship amount: $1,500

Application deadline: March 15

Sigma Alpha Iota offers the Musicians With Disabilities Scholarship of $1,500 to a member of the international music fraternity with a qualifying disability. Applicants must be enrolled in an undergraduate or graduate degree program in music, or studying to become a teacher or therapist in this field.

6. American Council of the Blind’s Scholarship Program

Scholarship amount: Up to $7,500

Application deadline: February 14

The American Council of the Blind’s Scholarship Program provides educational scholarships between $2,000 and $7,500 for incoming freshman, undergraduate students, graduate students, and students attending technical college. To be eligible, applicants must be legally blind, maintain a 3.0 GPA or higher, and either study full-time or be a part-time student who works at least 32 hours per week.

7. Wells Fargo Stacey Milbern Scholarship

Scholarship amount: $1,250-$2,500

Application deadline: March 20

The Wells Fargo Stacey Milbern Scholarship provides 25 awards to help students with disabilities pursue education at a two- or four-year college on a full-time or part-time basis. Scholarships are renewable, and full-time students are eligible for a $2,500 annual award, while part-time students are eligible for a $1,250 annual award.

Recommended: Full-Time Student vs. Part-Time Student

8. Marion Huber Learning Through Listening Awards

Scholarship amount: $2,000-$6,000

Application deadline: December 31

The Marion Huber Learning Through Listening® Award grants multiple scholarships to high school seniors with a learning disability who are planning to study at a two- or four-year college or vocational school. Applicants must be an active Learn Ally member and graduating from a high school in the U.S. to be eligible.

9. Yellow Ribbon Scholarship

Scholarship amount: $5,000

Application deadline: April 1

The American Bus Association offers a Yellow Ribbon Scholarship to undergraduate, graduate, and training school students who have a declared major or course of study relevant to transportation, travel, or tourism. Students with a physical or sensory disability, veterans, and children of a wounded military veteran are eligible to apply. Applicants must also have a cumulative GPA of 3.0 or higher.

10. Simmons and Fletcher, P.C., Students With Disabilities Scholarship

Scholarship amount: $500-$1,000

Application deadline: December 1

The Simmons and Fletcher, P.C., Students With Disabilities Scholarship is awarded to two students with disabilities based on an essay competition, with the winner receiving a $1,000 award and second place receiving a $500 award. To apply, students must be completing their first semester of college and continuing their studies.

Bonus Scholarship: SoFi’s Scholarship Sweepstakes

For a chance to win SoFi’s monthly $2,500 Scholarship Sweepstakes, simply let us know your name, email address, and school.

How to Apply for Disability Scholarships

Application requirements vary by scholarship opportunity, so it’s recommended to plan ahead. Taking note of submission deadlines can help prioritize which scholarships to apply for and ensure you stay on track for preparing and submitting materials.

Often, students have to write a personal statement or submit an essay as part of the application. It’s important to pay attention to the instructions, including prompts, word limits, and other criteria used to select scholarship recipients.

Submitting school transcripts and a letter of recommendation are two other common requirements. Think about who can best attest to your strengths and achievements when selecting a reference.

Keep in mind that some scholarships require that recipients submit documentation of their disability to accept the award.

Recommended: 8 Tips for Asking a Professor for a Letter of Recommendation

Can I Apply for Scholarships for Disabled Students if I Have a Learning Disability?

Yes, if you have a learning disability, you can apply for scholarships for disabled students. Many scholarships are geared toward students with one or more disabilities, including physical and learning disabilities. For some scholarships, having a learning disability is an eligibility requirement.

The Takeaway

There are many scholarships that are specifically designated for students with disabilities. Scholarships and grants are a useful way for students with disabilities to pay for college and reduce student loan debt.

Many students use multiple funding sources, including federal student loans and private student loans, to help cover the cost of college.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.

FAQ

What types of scholarships are available for students with disabilities?

There are many scholarships for students with disabilities, including those based on specific disabilities, academic achievements, or financial need. Some scholarships are offered by disability advocacy organizations, while others are provided by colleges, nonprofits, or government programs to support educational success and accessibility for disabled students.

How can students with disabilities find scholarships?

Students with disabilities can find scholarships by researching online databases, consulting with school counselors, or reaching out to disability advocacy organizations. Websites like Disability.gov or the National Center for Learning Disabilities also offer scholarship listings tailored to specific needs.

Do students with disabilities need to provide documentation when applying for scholarships?

Yes, most scholarships for students with disabilities require documentation of the disability. This might include a letter from a medical professional or educational accommodations documentation. Additionally, other materials like transcripts, essays, and recommendations may be required, depending on the scholarship’s criteria.

Photo credit: iStock/SeventyFour

SoFi Private Student Loans
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Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

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Source: sofi.com

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From the rugged high desert to the dramatic peaks of its mountain ranges, New Mexico—known as the Land of Enchantment—has a landscape unlike any other. But is New Mexico a good place to live? To help you evaluate whether New Mexico could be your next home, here are the pros and cons of living in the state.

Is New Mexico a good place to live?

New Mexico’s largest cities, Albuquerque and Santa Fe, serve as cultural and economic hubs. Albuquerque is the state’s largest city and blends urban living and proximity to natural beauty, with the Sandia Mountains and the Rio Grande providing a stunning backdrop. Santa Fe, on the other hand, is known for its rich artistic community, historical architecture, and distinctive adobe-style homes. New Mexico’s economy is supported by industries like oil and gas, tourism, and government jobs, with the Los Alamos National Laboratory being a key employer in the state.

Beyond its cities, New Mexico is known for its diverse landscapes, which include deserts, forests, and mountains. However, like any state, it comes with its own set of challenges, from a dry climate and limited job opportunities. 

New Mexico state overview

Population 2,117,522
Biggest cities in New Mexico Albuquerque, Las Cruces, Rio Rancho
Average rent in Albuquerque $1,275
Average rent in Las Cruces $995
Average rent in Rio Rancho $1,537

1. Pro: Stunning natural landscapes

New Mexico’s diverse and dramatic landscapes are one of its most significant pros of living there. From the White Sands National Park to the Carlsbad Caverns and the Gila Wilderness, the state boasts a wide range of outdoor experiences. Whether you enjoy hiking, skiing, or exploring national parks, the opportunities for outdoor adventure are endless.

Insider scoop: Consider exploring some lesser-known gems like the Bisti/De-Na-Zin Wilderness, an alien-like landscape of hoodoos and badlands perfect for photography and quiet hikes. 

2. Con: Limited job opportunities

While New Mexico’s economy is growing, particularly in industries like tourism, energy, and government, job opportunities can be limited. Outside of Albuquerque and Santa Fe, the job market is more concentrated in fields like agriculture and government work. This can make it challenging for those seeking employment in tech, finance, or other sectors that are booming in nearby states like Colorado or Texas.

3. Pro: Affordable cost of living

Compared to other southwestern states like Colorado and Arizona, New Mexico offers more affordable rental options. In Albuquerque, the average rent for a one-bedroom apartment hovers around $1,275, making it an attractive choice for renters looking for lower costs without sacrificing urban amenities. In contrast, cities like Denver see one-bedroom rents soar past $2,000. Even Farmington, known for its access to outdoor activities and proximity to the Navajo Nation, remains relatively affordable compared to pricier markets. 

4. Con: Rural isolation

New Mexico’s wide-open spaces can feel pretty isolating, especially if you’re in one of the more remote areas. While some people love the quiet, rural lifestyle, it’s not for everyone—especially if you prefer being close to city conveniences like shopping, dining, or entertainment. In smaller towns, access to things like healthcare or even just a good grocery store might mean a long drive to the nearest bigger city. Plus, if you’re new to the area, it can be tough to build a social circle when you’re far from the action and meeting new people takes more effort.

5. Pro: Various cultural influences

New Mexico is home to a handful of cultural influences that blend Native American, Hispanic, and Anglo ways of life. The state has 23 Native American tribes, including the Navajo Nation and 19 Pueblo communities, which contribute to its rich history and traditions. Events like the Albuquerque International Balloon Fiesta and Santa Fe’s Indian Market draw visitors from around the world and highlight the state’s diverse heritage. 

6. Con: Dry climate and water shortages

While the sunny, dry climate of New Mexico is appealing to many, it also comes with challenges, particularly when it comes to water. The state has been dealing with drought conditions for years, leading to water shortages in both urban and rural areas. Residents must be mindful of water usage, especially in the summer months when restrictions are often put in place. The lack of humidity can also be tough on the skin and respiratory system, making it a con for those who are not used to desert living.

Insider scoop: Keep a good humidifier at home can help combat the dryness, especially in the winter when indoor heating further strips the air of moisture.

7. Pro: Year-round sunshine

With over 300 days of sunshine per year, New Mexico offers a pleasant climate for those who love the sun. The state’s high desert location means it enjoys a dry climate, with warm days and cool nights, even in the summer. While winters can bring snow to the northern regions and mountains, most areas remain sunny and mild throughout the year. This abundance of sunshine makes outdoor activities accessible year-round and contributes to an overall sense of well-being for many residents.

Insider scoop: Take advantage of the early mornings and late afternoons for outdoor activities, especially during the hot summer months.

8. Con: It can get windy

New Mexico’s high desert environment comes with the challenge of frequent windy conditions, especially during the spring months. In some parts of the state, particularly the eastern plains, strong winds are a common occurrence, and wind speeds can reach over 40 miles per hour. The wind can make outdoor activities like hiking or biking less enjoyable and even hazardous on particularly gusty days. It also contributes to blowing dust and debris, which can reduce air quality and cause respiratory issues. 

9. Pro: The food scene is delicious

New Mexico’s food culture is thriving, heavily influenced by both Native American and Hispanic traditions. The state is known for its red and green chile, which you’ll find on everything from burgers to breakfast burritos. In fact, “red or green?” is the official state question, referring to which type of chile you prefer on your dish. Santa Fe and Albuquerque are home to numerous award-winning restaurants that serve up local flavors, from traditional New Mexican cuisine to contemporary fusion dishes. 

Insider scoop: When dining in New Mexico, order your chile “Christmas-style” if you can’t decide between red or green—it’s a combination of both and offers the best of both worlds.

10. Con: The roads are in poor condition

One significant drawback to living in New Mexico is the poor condition of many of its roads. Outside of major cities, road maintenance can be inconsistent, particularly in rural and remote areas. Potholes, cracks, and uneven pavement are common, making driving more difficult and potentially damaging to vehicles. Additionally, the state’s vast stretches of highways often go long periods without repair, which can lead to hazardous driving conditions. 

Pros and cons of living in New Mexico: Overview

Pros Cons
Stunning natural landscapes Limited job opportunities
Affordable cost of living Rural isolation
Cultural heritage Dry climate and water shortages
Year-round sunshine It can get windy
The food scene is delicious The roads are in poor condition

Source: rent.com

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When people think of Honolulu, they often picture its vibrant city center and famous beaches, but the true essence of living in Honolulu extends beyond the urban core. The suburbs of Honolulu are diverse residential areas that offer a quieter, more laid-back lifestyle while still providing easy access to the city’s world-class amenities and natural beauty. These Honolulu suburbs are spread across various parts of the island, each with its own unique character and charm.

In this ApartmentGuide article, we’ll explore some of the most notable Honolulu suburbs—from the scenic coastal communities to the lush inland retreats—highlighting key aspects such as population, average rent, and what makes each area stand out. Whether you’re searching for the perfect apartment in Honolulu or curious about the different Honolulu neighborhoods, let’s discover the best places around Honolulu to call home.

Cost of living in Honolulu

Before we dive into the top Honolulu suburbs, let’s cover how much it costs to live in Honolulu. The overall cost of living in Honolulu is about 85% higher than the national average. Housing is a major factor, with the median sale price for a home in Honolulu at $607,500, which is significantly higher than the national average of $432,657. Rent follows a similar trend, with the average rent for a one-bedroom apartment in Honolulu at $2,050, which is about 35% more than the national average of $1,514.

While some suburbs around Honolulu offer more affordable options, others can be just as expensive, if not more. Here, we’ll explore a range of top suburbs, providing different lifestyle and housing opportunities depending on your budget and preferences.

1. Kailua

Known for: Beach town vibe, outdoor activities, and laid-back lifestyle

Kailua, located on Oahu’s windward coast, is a picturesque beach town known for its stunning white-sand beaches and laid-back atmosphere. Kailua Beach and Lanikai Beach are popular spots for water sports, including kayaking, paddleboarding, and snorkeling. The town also offers a charming downtown area with local boutiques, restaurants, and cafes. Housing in Kailua ranges from beachfront properties to cozy homes tucked into the hills, making it a desirable location for those seeking a coastal lifestyle close to nature.

Population: 38,000
Median home sale price: $1,425,000
Kailua transportation scores: Walk Score 40, Bike Score 44, Transit Score 35

Apartments for rent in Kailua, HI | Houses for rent in Kailua, HI | Homes for sale in Kailua, HI

2. Hawaii Kai

Known for: Marina lifestyle, outdoor adventures, and suburban luxury

Hawaii Kai is an affluent suburb located in southeast Honolulu, known for its marina, luxury homes, and outdoor activities. Residents of Hawaii Kai enjoy a wide range of water-based activities, including boating, fishing, and snorkeling. The area also offers beautiful hiking trails, such as the famous Koko Head Crater Trail, which provides panoramic views of the island. Hawaii Kai’s mix of suburban tranquility and outdoor adventure makes it a popular choice for those seeking an upscale, active lifestyle.

Population: 30,000
Median home sale price: $1,350,000
Hawaii Kai transportation scores: Walk Score 22, Bike Score 21, Transit Score 35

Apartments for rent in Hawaii Kai, HI | Houses for rent in Hawaii Kai, HI | Homes for sale in Hawaii Kai, HI

3. Kapolei

Known for: Growing community, friendly environment, and new developments

Kapolei, often referred to as Oahu’s “Second City,” is a rapidly growing suburb located on the island’s west side. The area has seen significant development in recent years, with new housing communities, shopping centers, and schools popping up. Kapolei offers a welcoming environment with access to parks, recreational facilities, and beaches nearby. Its continued growth makes it an attractive location for those seeking more space while still being connected to Honolulu’s amenities.

Population: 45,000
Median home sale price: $750,000
Kapolei transportation scores: Walk Score 48, Bike Score 45

Apartments for rent in Kapolei, HI | Houses for rent in Kapolei, HI | Homes for sale in Kapolei, HI

4. Mililani

Known for: Central location, community-oriented atmosphere, and local amenities

Mililani is a centrally located suburb in Honolulu County, known for its well-planned neighborhoods and strong sense of community. The area offers a range of amenities, including parks, pools, shopping centers, and schools, making it a popular place for those looking for a suburban lifestyle with all the conveniences. Mililani’s central location on the island provides easy access to both Honolulu and the North Shore, making it ideal for those who want to explore all that Oahu has to offer.

Population: 28,000
Average rent for a one-bedroom apartment: $2,100
Median home sale price: $610,000
Mililani transportation scores: Walk Score 35, Bike Score 30, Transit Score 36

Apartments for rent in Mililani, HI | Houses for rent in Mililani, HI | Homes for sale in Mililani, HI

5. Ewa Beach

Known for: Beachfront living, golf courses, and growing developments

Ewa Beach is a rapidly developing suburb on Oahu’s west side, known for its scenic coastline, golf courses, and new housing developments. The area offers a blend of old and new, with established neighborhoods alongside modern communities. Ewa Beach is also home to several golf courses, including the Hawaii Prince Golf Club, making it a popular spot for golf enthusiasts. The area’s beachside location and access to amenities make it an attractive option for those seeking a suburban, beachfront lifestyle.

Population: 16,000
Median home sale price: $550,000
Ewa Beach transportation scores: Walk Score 47, Bike Score 55

Apartments for rent in Ewa Beach, HI | Houses for rent in Ewa Beach, HI | Homes for sale in Ewa Beach, HI

Methodology: The suburbs included in this list were selected based on their overall popularity, determined by search trends and housing demand in the Honolulu area. Average rent and home sale price data were sourced from Redfin and Rent.com as of October 2024. Transportation data, including Walk Scores, Bike Scores, and Transit Scores, was sourced from Walk Score.

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Maybe you’ve just moved into your new apartment and want to make it smell clean and fresh or you’ve been dealing with persistent pet odors due to a furry friend’s accidents. Whatever the reason, bad odors can really put a damper on your mood – and sometimes your health, too. Whether you’re renting an apartment in Scottsdale, AZ, settling into a home rental in Kansas City, or finally buying your dream home in Albuquerque, NM, nobody wants to live in a place that smells bad. 

To get you started on your purifying journey, ApartmentGuide reached out to a wealth of experts to offer tips on how to banish bad odors for good. Read on to learn more and make your place smell fresh again.

1. Start with a deep clean

If you are looking for how to get rid of bad odors in your apartment, experts recommend starting with a thorough deep cleaning, but first get some fresh air in the place. “The first step to removing harsh odors is to open up the windows and doors and get as much fresh air in that area as possible,” says Rachel Seavey, professional organizer and coach with Collector Care.

Next, you’ll want to get into deep clean mode. “You must do a thorough deep clean before disinfecting or sanitizing with a disinfectant and odor eliminator – an air freshener probably won’t give you a lasting result,” recommends Hank Williamson, President of The Maids of the Triad, a cleaning company that services North Carolina. “Your carpets have likely retained odor so you will need to vacuum and clean them. If your walls have absorbed cigarette smoke or other odors you should wipe them down with a vinegar and water mixture – using a microfiber mop greatly assists. If your refrigerator has odor, dispose of dated food and thoroughly clean it; you may use baking soda or coffee grinds to absorb any remaining odor. Next, open the windows, turn on fans, and change air filters.”  

Jonathan Herrera of Master Clean Bay Area, agrees that starting with a deep clean is the best way to get rid of odors before a more focused solution. “A deep clean focusing on floors, bathrooms, living areas, and the kitchen can significantly reduce harsh odors in an apartment,” says Jonathan. “By thoroughly cleaning these areas, we eliminate trapped dirt and lingering smells. Our go-to products are Simple Green and dish soap. Simple Green not only cleans but also helps disinfect, making it an effective solution for neutralizing odors while ensuring a hygienic environment. Regular deep cleaning of these high-traffic areas can help maintain a fresh-smelling space, especially when dealing with persistent smells from cooking, pets, or moisture.”

2. Clean your garbage cans

Aside from taking the trash and recycling out frequently to ensure that smells don’t linger, you need to be sure you’re properly cleaning your bins to get rid of bad odor that may be building. “I recommend garbage receptacles to be cleaned at least once every two weeks,” says Omar Arroyo of Blue Sea House Cleaning, a house cleaning company serving California and Monterey Peninsula. “Start by making a mix of about a half gallon of water, two teaspoons of liquid dish soap, and three teaspoons of baking soda. Pour the mix into the garbage receptacle and let it soak for about five minutes. After five minutes, scrub, rinse, and dry it with a towel or paper towel. Your garbage receptacle will be odor-free for about two weeks.”

3. Be smart about the scents you use

Instead of just masking the smell with candles and air fresheners, try using scents that do a great job of neutralizing odors. “Certain fragrance notes like citrus, lavender, and eucalyptus are excellent for freshening up spaces and neutralizing harsh odors,” adds the team at Be Layered, a fragrance company. “These notes work by not just masking smells but by refreshing the air with clean, natural scents. For a cozy and long-lasting effect, warm notes like vanilla, musk, and sandalwood can create a comforting atmosphere while also combating unpleasant smells.”

The team at Cleany, an NYC-based cleaning company, agrees, “Odor-absorbing candles with scents like lavender or eucalyptus can mask and refresh harsh smells, especially in small spaces like bathrooms or kitchens.”

4. Simmer a solution on the stove

Another classic trick to get rid of bad odor is to simmer a natural mixture on the stove. “We all love a home that smells wonderful. In fact, our sense of smell is the sense most closely tied to memory,” shares Alejandra Fortin, founder and CEO of This is Home, a cleaning, organizing, and interior design company based in Houston. “A great way to make your home smell amazing and give you that cozy feeling inside, especially during the holidays, is by warming water on the stove and adding cinnamon sticks, cloves, cardamom, an orange and a lemon into the hot pot. Leave it there simmering and it will quickly have your entire home smelling like the holidays and will put you and your family in the best mood!”

If you’re looking for another concoction to try, consider Edgar Villafranco’s remedy from We Leave Clean, a cleaning company with locations based all over the country. “For stubborn odors, especially from cooking or pets, try simmering a pot of water with slices of lemon, a few sprigs of rosemary, and a teaspoon of vanilla extract for 30 minutes,” says Edgar. “The steam from this natural mixture not only freshens the air but also neutralizes lingering smells, leaving your home smelling clean and inviting.”  

5. Use a steam mop

Steam mops are a great chemical-free and eco-friendly way to get stains and smells out of your floors. “At NeatO, we find that one of the best defenses against harsh odors in our clients’ homes is by using a quality steam mop like the Shark Genius, along with a light spritz of diluted Pine-Sol on the mop pad,” says NeatO Cleaning, a Los Angeles-based cleaning company. “The heat and moisture from the steam helps lift dirt and stains, while simultaneously killing odor-causing bacteria. The spritz of Pine-Sol doubles down on eliminating bacteria while leaving a clean scent that lasts.”

6. Reduce laundry odor

If you’ve got smells baked into your clothes, try using some vinegar in your next load. “For laundry odors, use a quarter cup of white vinegar in the wash. White vinegar neutralizes laundry odors and surprisingly makes clothes smell fresh and clean,” says Beth McGee, author of Get Your House Clean Now: The Home Cleaning Method Anyone Can Master.

7. Get creative with dryer sheets and fabric softener

A lot can be done with simple household items to clean up your space. Take some tips from Greg Strine of Dream Cleaning, a top-rated home cleaning service in Chicago, and get your space spelling good with what you have on hand. “Start by taking dryer sheets and putting them in each vent. This will absorb odors in the ducts and create a clean scent from the duct work. Some furniture just needs to be thrown out, but try unzipping the cushions and putting a dryer sheet inside a couch cushion. Leave it there for three weeks and smell how this helps with your furniture,” says Greg. 

“Lastly, take a small bowl with one cup of coarse salt, add two tablespoons of rubbing alcohol and mix. Then add four to six ounces of fabric softener and put it under the couch. This will help eliminate odor, keep insects away, and add a clean fragrance to your property.”

8. Tackle your garbage disposal

If a bad odor is wafting from your garbage disposal, it might be time to focus your cleaning efforts on this area. “To quickly combat a bad smell in your garbage disposal, pour a cup of baking soda down the drain, followed by a cup of white vinegar, which will create a fizzing reaction that helps break down odor-causing particles; then run cold water to rinse thoroughly,” recommends NYC house cleaner Sunnyside Clean.  

9. Use a combination of white vinegar mixed with baking soda

A quick and natural cleaner can be made by combining white vinegar with baking soda. As an easy way to tackle pet-related harsh odors, listen to Sarina Ocal of MissionCat Cleaning, a cleaning company servicing both the New Jersey and New York area.

“To get rid of bad odors, especially pet-related ones, use a mixture of white vinegar and baking soda. Apply it directly to the stained area, let it sit for a few minutes, and then scrub gently,” recommends Sarina. “For persistent smells, you can also try an enzyme-based cleaner to break down odor-causing compounds.”

Luis Da Silva, CEO of My Cleaning Angel, a residential and commercial cleaning company based in Tampa, Florida, seconds this method of removing bad odor. “To remove harsh odors in your apartment, use a mixture of white vinegar and baking soda — vinegar neutralizes odors while baking soda absorbs them.”

10. Combine vinegar and water

For an easy cleaner, combine vinegar with water. This creates a quality cleaner that is non-toxic and friendly to most surfaces. “To neutralize lingering smells, we wipe down surfaces with a vinegar solution, which disinfects and freshens the space,” shares the team at Superb Maids NYC.

This solution can also be used on fabrics and carpets. “Use a mixture of equal parts water and white vinegar in a spray bottle to mist fabrics and carpets, allowing it to dry completely – vinegar neutralizes tough odors without leaving a lasting smell,” shares Lisa Shultz, owner of Anderson Carpet Cleaning Inc.

11. Use baking soda and vinegar on their own

Together, baking soda and vinegar are a force to be reckoned with, but they offer special benefits on their own. “Vinegar is a powerful odor neutralizer – fill a bowl with white vinegar and leave it in a smelly room overnight to absorb strong odors,” suggests the team at Cleany.

Baking soda is also powerful at absorbing odors on its own. “For general odor removal, we use baking soda on carpets and upholstery, allowing it to absorb odors before vacuuming,” says Superb Maids NYC.

If you combine all products – a water and vinegar solution with baking soda – you can do a lot of good. “For more stubborn smells, such as pet odor or lingering food aromas, sprinkle baking soda over the affected area and let it sit for 15-20 minutes to absorb the odor. Then, spray a 50/50 mix of water and white vinegar, let it fizz for a minute, and wipe clean. This method is natural, safe, and leaves surfaces odor-free!” advises Camden of ClothesLyne, a laundry service with locations along the East Coast.  

Using organic products like baking soda and vinegar can be a great way to clean without using harsh chemicals. “We always use organic products that our professional cleaners prepare to leave the areas shiny, clean, and smelling clean,” says Heromaid, a house cleaning service in the Bay Area and Los Angeles. “For organic cleaning products, we recommended vinegar, baking soda, and sometimes hydrogen peroxide to remove harsh stains.”

12. Tips for cleaning with store-bought products

If you’re looking for something stronger that you can buy at the store, Cleaning Glow, an office, AirBnB, and house cleaning service, has got you covered with their recommendations to get rid of bad odor.

“1. To get rid of general odors throughout your room, use compact OZONE Spray. It can kill bacteria and viruses in seconds.

2. Use Arm & Hammer Extra Strength Carpet Odor Eliminator to get rid of odors stuck in carpets.

3. Mix 1 hydrogen peroxide with 2 parts water and a small dish soap; spray to remove pet odor stains.

4. Place activated charcoal bags in various rooms to absorb offensive smells without covering them.”

13. Clean up pet stains and leftover odor

We love our furry friends, but they can wreak havoc on the quality of our spaces. If you’ve got pets that struggle with accidents, give this section a read and try out some of these tips to get rid of bad odor and stains.

“For pet odors, sprinkle baking soda generously on the area and let it sit overnight to absorb smells before vacuuming it up; follow with a light mist of white vinegar for extra odor-neutralizing power,” suggests Lisa Shultz, owner of Anderson Carpet Cleaning Inc. “Treat urine stains by first blotting up as much liquid as possible, then apply an enzyme-based cleaner specifically designed to break down proteins that cause lingering smells.”

It may be tempting to just mask the urine smell if the job seems too mighty, but you need to be using a cleaner designed for pet stains. “For pet stains that are causing odors, use an enzymatic cleaner specifically designed for protein-based stains like animal waste. This way, the source of the odor is broken down and removed, not just masked,” says Beth McGee, author of Get Your House Clean Now: The Home Cleaning Method Anyone Can Master. “If the stain is on fabric like furniture or carpet. Test a hidden area first to be sure it won’t damage the fabric.”

Professional cleaners do have favorites when it comes to products of pet stains. “If you identify you have a pet odor problem due to naughty or incontinent pets, we always suggest using Naturals Miracle, which is all-natural and uses enzymes,” recommends Rachel Seavey, professional organizer and coach with Collector Care. “You spray a small amount on the area and let it go to work. It is all natural so it’s safe to use around your fur babies.”

Another favorite of professional cleaners is Arm and Hammer Pet Fresh Powder. “If you have a harsh odor coming from your carpets and don’t want to call your carpet cleaning company, start by buying Pet Fresh powder that you can find anywhere,” says Seattle Steamers, a carpet cleaning company in Seattle. “Next, spread it on the carpets. Agitate the carpets using a broom and let it set for an hour. Then vacuum the carpets and you’re done!”

Now, it does matter whether the stain is old or new – this will change the method by which you attack the stain. “Urine is one of the few things that will change on the pH scale from an acid (new urine stain) to an alkaline (old urine stain) over time,” shares Carpets by Chris, a carpet repair company based out of Mukilteo, Washington.

“For this reason, it is necessary to clean a new spot with a different product than you would with an old spot. Since a new spot is acidic, you want to use an alkaline like ammonia to break the chemical bond and remove the urine. Conversely, if the urine stain is old, then more than likely it has changed from an acid to an alkaline. This means we need to use an acid like white vinegar to break the alkaline, chemical bond. To do this, simply saturate the stain with the chemicals, apply a dry towel to the spot, and stand on it multiple times to soak up as much as possible. If there is a visible stain, use a 35% solution of hydrogen peroxide. Mist it on the stain and let sit. This is very effective in getting rid of the urine stain.”

14. Use an ozone generator

Sometimes odors stick around and don’t want to leave. If your place is like this, it might be worth it to look into a different type of solution. “In more persistent cases, we use activated charcoal to absorb odors or deploy an ozone generator,” says the team at Superb Maids NYC.

“Ozone generators are highly effective at eliminating tough odors, such as those from smoke, mold, or pets, by releasing ozone (O₃), which breaks down odor-causing molecules. This method reaches areas that standard cleaning cannot, making it ideal for deeply embedded smells. However, ozone generators must be used in unoccupied spaces, as ozone can be harmful to humans and pets during treatment. After use, we ventilate the area thoroughly before allowing re-entry, ensuring the space is fresh and odor-free.”

15. Get rid of smoke 

Maybe you’ve just moved in and your apartment smells like cigarette smoke – not the best thing in the world to be around all the time. Well, an ozone generator is actually a great way of solving this issue. “To remove smoke odors, use an ozone machine to purify the air quickly, but follow the directions for use carefully,” says Beth McGee, author of Get Your House Clean Now: The Home Cleaning Method Anyone Can Master. “You can buy one for a reasonable price or many rental companies have them available.”

If purchasing or renting an ozone generator is out of the question, Beth has another tip for getting rid of smoke. “Wipe surfaces with vodka and distilled water to neutralize smells. The alcohol in vodka kills odor-causing bacteria. As it evaporates, it takes the smells with it,” says Beth. “Lightly spray vodka diluted with water onto fabric, carpet, or surfaces and let it air dry. It works great for smoke or musty odors and doesn’t leave a strong scent behind.”

The team at Cleany also has a tip for getting rid of smoke. “For persistent smells like smoke, placing bowls of activated charcoal around the room can help absorb unwanted scents,” they say. Lisa Shultz, owner of Anderson Carpet Cleaning Inc., seconds this idea and adds another tip. “For smoke or musty odors, place bowls of activated charcoal or coffee grounds in the room for 24 – 48 hours to absorb odors naturally,” says Lisa.

Source: apartmentguide.com

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Do you want to learn how to make money as a travel photographer? Photography can be an exciting way to get paid to travel. If you enjoy taking pictures and traveling, this might be your dream job. Lots of people love seeing photos from different places, and you could be the one to share them….

Do you want to learn how to make money as a travel photographer?

Photography can be an exciting way to get paid to travel. If you enjoy taking pictures and traveling, this might be your dream job. Lots of people love seeing photos from different places, and you could be the one to share them.

Traveling full-time for around 10 years was an amazing experience for me. I have been able to visit beautiful places, meet new people, and take tons of pictures. I have also met many, many travel photographers – from National Geographic freelance photographers to YouTubers, travel print sellers, and more.

If you love taking great photos while visiting new places, becoming a travel photographer could be a great way to make money.

Best Ways To Make Money as a Travel Photographer

Below are the best ways to make money as a travel photographer.

Recommended reading: 25 Best Travel Jobs To Make Money Traveling The World

1. Sell stock photos

Selling stock photos is a great way to make money as a travel photographer. You can upload your best travel pictures to popular stock photo websites.

These sites let people buy and use your photos for their projects. When someone buys your photo, you get paid a fee.

Some popular stock photo sites are Shutterstock, Adobe Stock, iStock, Depositphotos, and Getty Images.

Most of the pictures within this blog post are stock photos, and I use stock photos all the time, as do other businesses. They are very helpful!

Recommended reading: 18 Ways To Get Paid To Take Pictures

2. Elopement photographer

Becoming an elopement photographer can be a fun way to make money with travel photography. Elopements are small, intimate weddings that usually happen in beautiful locations like on the beach, in the mountains, and more.

As an elopement photographer, you’ll capture special moments for couples in beautiful places.

To get started, build a portfolio that showcases your landscape and portrait photography skills. Couples want to see your ability to capture both the natural beauty of a location and the emotions of the day. You may also want to research popular elopement destinations and familiarize yourself with these places so you can recommend ideal spots for couples.

Pricing many times should cover your travel expenses and services, so make sure to think about the location when setting your rates.

I follow a few travel wedding photographers online and I’m always amazed by how beautiful their pictures are!

Recommended reading: How I Make $20,000 A Month As A Family, Maternity, and Newborn Photographer

3. Host photography workshops

Photography workshops can be a great way to make money as a travel photographer. You can share your skills and knowledge with others who want to learn more about taking better pictures.

I know several people who have taken in-person photography workshops, and I have personally taken an online one. So, I know how helpful they are!

Photography workshops that you can teach may include:

  • Camera basics: Teach participants how to use their camera’s settings. Many people have cameras that they do not use to the fullest (there are so many buttons on cameras these days after all!).
  • Lighting: Explain how to work with natural light, use reflectors, or set up artificial lighting to improve pictures.
  • Portrait photography: Teach how to pose subjects and work with natural backgrounds to capture stunning portraits, whether in a studio or outdoor setting.
  • Travel photography: Focus on capturing landscapes, cityscapes, and cultural elements during travel. Talk about how to tell a story with your photos.
  • Night and low-light photography: Teach how to shoot in challenging lighting conditions, like at night, during concerts, or in dim indoor settings.
  • Building a photography portfolio: Show participants how to curate their best work, create a cohesive portfolio, and market themselves for potential clients or opportunities.
  • Editing travel pictures for social media: Teach participants how to edit their travel photos for platforms like Instagram or blogs.

I recommend thinking about what you are good at and what you think your audience would be interested in learning about. By tailoring these topics to the interests of your audience, you can create a workshop that’s helpful and sells well.

4. Start a travel blog

Starting a blog is something I know well because I’ve been blogging for over 10 years. When I first started, I had no idea it would turn into such an amazing journey, allowing me to travel the world and share my experiences. Blogging has given me the opportunity to connect with people who share similar interests, as well as make money doing something that I enjoy.

Starting a travel blog can be great if you want to learn how to make money as a travel photographer. You can share your photos and stories with people who love to explore new places.

To become a travel blogger, pick a blog name that’s easy to remember and shows what your blog is about. Use a platform like self-hosted WordPress to set up your blog, and focus on creating good content by sharing your best travel photos and blog posts (try to post at least once a week so your audience stays interested).

Once you get more visitors to your blog, you can make money in different ways. You can use affiliate marketing (such as by linking to your travel gear on Amazon), write sponsored posts, or sell your photography services and prints. Travel companies and tourism boards might also want to work with you if your blog has great photos and content that fits their needs.

Recommended reading: How To Start a Travel Blog and Make Money

5. Sell prints online

Selling prints online can be a great way to make money from your travel photos. Many people love decorating their homes and offices with beautiful travel images.

If you want to learn how to become a travel photographer by selling travel prints, you can start by creating an online store to showcase and sell your best travel prints. Platforms like Shopify or Etsy make it easy to set up a shop quickly.

I have many friends who sell prints from their travels. They specialize in animal photos, landscape photos, urban cities, and more. I actually just recently bought a print from one of them to put on my living room wall.

Pricing is important and you can look at what other photographers charge for similar prints to get an idea of what you should charge.

Don’t forget about shipping. Make sure to factor in packaging and mailing costs when setting your prices. You want to protect your prints during shipping.

6. Work with brands or tourism boards

You can make money as a travel photographer by collaborating with brands and tourism boards. These groups tend to need great photos to show off their products or places so that they can get more customers/visitors.

I have worked with many brands and travel boards/companies over the years, and I think it can be a great way to make money with travel photography. One of my very first side hustle gigs that I got through this blog (the one you’re reading right now) was because I reached out to a resort in the Caribbean and pitched them ways that I could improve their website. They paid me as well as gave me free resort stays (so that I could take pictures and become an expert on the property).

You can wait for them to reach out to you, or you can contact travel companies, hotels, and tourism offices yourself. You’ll want to show them your best work and tell them how you can help.

7. Start an Instagram

Instagram is a great way to share your travel photos and make money. You can start by creating an account and posting your best pictures.

You’ll want to post often to keep your followers interested – at least once a day, especially in the beginning, is usually what is recommended.

You can make money on Instagram by working with brands, and they might pay you to take photos of their products, or you could get paid to share a photo of a hotel or tour company.

As your account grows, you can sell your own products too. This could be things like photo prints or editing presets.

While I do not make a large income from my Instagram account (it’s not my main business), I have made thousands of dollars from my income over the years. It is a fun way to make an income and it pushes you to take better pictures.

8. Create and sell Lightroom presets

Making Lightroom presets can be a fun way to earn money as a travel photographer. Presets are like filters that make editing photos easier and faster.

I have personally bought Lightroom presets from travel photographers, and I like how easy they are to use on my personal travel photos.

People buy presets because they save time and help create a consistent, professional look for their photos. Presets allow people like you and me to apply popular aesthetic styles with just one click, making it easy to stay on trend without needing advanced editing skills. They’re also a great learning tool for beginners who want to improve their photo editing techniques.

To create presets, start by editing a photo in Lightroom. Play with the settings until you’re happy with how it looks. Then, save these settings as a preset.

You’ll want to share photos on Instagram and other social media sites using your presets. As your photos become popular, your followers will most likely ask you about your presets – I see this being asked all the time!

Once you’ve made a few presets, it’s time to sell them. You can sell them on your own website or on online marketplaces for photographers.

I recommend that you show before and after photos so buyers can see what your presets do. This helps them decide if they want to buy.

9. Sell your photos to magazines or travel publications

A popular way to find travel photography jobs is to sell your photos to magazines or travel publications. This could be small travel websites or even something as large as National Geographic.

Magazines and travel publications are always on the lookout for great photos.

You can start by researching different magazines and publications and look for ones that match your photography style and travel locations.

Take time to study their guidelines as each magazine has specific rules for photo submissions. You’ll want to follow these rules carefully to increase your chances of getting accepted.

When you’re ready, reach out to the photo editors. Send them a brief email with a few sample images. Keep it short and sweet.

If they like your work, they might ask for more photos. They could even give you assignments to shoot specific places or events.

Now, this can be a hard way to make money with travel photography, so remember that patience is key. It might take a while to hear back from editors, and don’t get discouraged if you face rejections at first (because you will most likely hear “no” in the beginning).

10. Start a YouTube channel

Starting a YouTube channel can be a great way to make money as a travel photographer. You can share your adventures and photography tips with viewers around the world.

I follow many, many travel YouTubers – sailors, RVers, adventurers, those who are trying to visit every country in the world, and more.

Travel YouTubers are fun to watch because they take you on exciting trips to beautiful places. They show you destinations you might not have seen before and share their own stories, tips, and experiences.

Recommended reading: How Much Do YouTubers Make?

Frequently Asked Questions

Below are answers to common questions about how to make money as a travel photographer.

Can I make money from travel photography?

Yes, you can make money from travel photography. There are many ways to earn income by taking pictures during your travels. You can sell your photos to stock websites, work with brands, sell prints, or start a travel blog.

How hard is it to get into travel photography?

Getting into travel photography takes work, but it’s not impossible. You need to practice your skills and build a strong portfolio. It’s also important to network and market yourself. With time and effort, you can break into this field.

How to make money as an adventure photographer?

Adventure photography is a fun niche. You can sell your action shots to outdoor brands or magazines. You can also sell prints, start an adventure blog, and work with tourism boards.

How much do travel photographers make a year?

Travel photographers make a varying amount of money, and this is because travel jobs are so different. Some photographers make around $40,000 per year. I know an elopement photographer who makes over $200,000 a year. Others earn much more or less.

What steps should I take to start a career in travel photography?

If you want to start a career in travel photography, I recommend that you improve your photography skills such as by taking a photography course and learning how to correctly use a camera and all of its features. Also, building a strong portfolio of your best work, such as by creating a website to showcase your photos, is a good idea.

What skills should I learn to succeed in making money as a travel photographer?

Skills that you should learn so that you can make money as a travel photographer include learning to use your camera well (such as by studying up on composition and lighting) as well as practicing editing photos.

Is it possible to make a living just by taking photos while traveling?

Yes, it’s possible to make a living as a travel photographer. But it usually takes time to build up to a full-time income. Many travel photographers combine different income streams and they might sell photos, lead tours, and write about their travels.

How To Make Money as a Travel Photographer – Summary

I hope you enjoyed this article on the ways to make money while traveling with photography.

If you love taking photos and traveling to new places, becoming a travel photographer might be the perfect job for you.

For over 10 years, I traveled full-time and met many successful photographers who made money by capturing beautiful moments on their trips, and they were able to pursue their passions doing this.

Whether it’s selling photos online, taking pictures at elopements, or teaching others how to improve their photography, there are many ways to earn money while traveling as a professional photographer.

Are you interested in learning how to make money as a travel photographer?

Recommended reading:

Source: makingsenseofcents.com

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Eligible Discover cards have added a new redemption option, Pay With Rewards, that allows cardholders to redeem rewards almost instantaneously at checkout with Apple Pay. Rewards redeemed this way will post as a statement credit within 72 hours.

As of this writing, Pay with Rewards with Apple Pay is available on the following Discover cards:

Furthermore, this redemption option is only available for online and in-app purchases made on an iPhone or iPad.

How to use Pay With Rewards

To use the Pay With Rewards redemption option, you must first enroll an eligible Discover card online or in the Discover app. Then, at checkout, follow these steps:

  1. Tap the Apple Pay button or choose Apple Pay as the payment method.

  2. Select a Discover card that has the Pay With Rewards option. Eligible cards will have a “Use Rewards” notification under the card name. 

  3. Tap “Use Rewards.”

  4. Enter the amount of rewards you want to apply to your purchase. Rewards may be redeemed for any amount. (If you have $1 worth of rewards, you have a $1 you can redeem toward your purchase.)

  5. Tap “Done.”

  6. Confirm the payment using Face ID, Touch ID or your passcode.

Discover’s Pay with Rewards program also allows cardholders to redeem rewards on Amazon.com and with PayPal.

Source: nerdwallet.com

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If you feel like your company’s growth has stagnated, it may be time to look at inorganic growth strategies. Inorganic growth involves expanding through mergers and acquisitions rather than increasing your company’s current activities. It’s generally considered faster than organic growth but requires a larger upfront investment and comes with some risk.

Read on for a closer look at inorganic growth, including its pros and cons, how it compares to organic growth, and strategies for achieving (and funding) inorganic growth.

Key Points

•   Inorganic growth often involves acquiring or merging with other companies to expand market share, product offerings, or geographic reach.

•   Inorganic growth allows businesses to grow more quickly compared to organic growth, bypassing slower internal processes.

•   It enables entry into new markets or industries, providing immediate access to customers and distribution channels.

•   Inorganic growth can be riskier than organic growth, involving significant capital investment and the challenge of integrating different company cultures.

•   Inorganic growth can be funded by small business loans, equity fundraising, and invoice financing.

What Is Inorganic Growth?

Inorganic business growth is growth that is created using resources outside of the company. It typically involves mergers and acquisitions, joint ventures, or adding locations. This is in contrast to organic growth, which occurs through harnessing a company’s existing resources.

While organic growth tends to be slow and gradual, inorganic growth enables a company to expand rapidly by entering a new market that may be related to or different from its original business line. Inorganic growth typically involves a more dramatic shift in how a business operates. It also requires a larger upfront investment than organic growth. Owners will often use small business loans to fund inorganic growth.

Example of Inorganic Growth

An example of inorganic business growth is Facebook’s acquisition of Instagram in 2012. Rather than building a similar platform from scratch, Facebook purchased Instagram for $1 billion to expand its presence in the social media and photo-sharing space.

This acquisition allowed Facebook to tap into Instagram’s growing user base and capitalize on its unique features. The move provided immediate access to Instagram’s established brand and audience, fueling Facebook’s growth in new demographics.

This strategic inorganic growth decision helped Facebook maintain its dominance in the social media industry while reducing competition and diversifying its service offerings.

Recommended: IPO vs Acquisition: Advantages and Disadvantages

What Is Balanced Growth?

Balanced business growth refers to the strategy of achieving a steady and sustainable expansion by integrating both organic and inorganic methods. It involves growing through internal efforts, like improving sales, launching new products, and enhancing operational efficiency, while also leveraging external growth opportunities, such as mergers, acquisitions, or partnerships.

The goal is to balance short-term gains from inorganic growth with the long-term stability of organic development. This approach helps businesses minimize risks, maintain operational control, and ensure that growth is sustainable, scalable, and aligned with the company’s strategic objectives over time.

Inorganic Growth vs Organic Growth

Both inorganic and organic growth serve the same purpose — taking your business to the next level. But each takes a very different path to get there.

Inorganic Growth Organic Growth
Seeks external sources for growth Leverages internal sources for growth
Requires large up front investment Investment is gradual
Growth is fast Growth takes time

Inorganic growth involves using resources outside of the company, such as engaging in mergers and acquisitions. Organic growth, on the other hand, uses inside opportunities — such as cost-cutting measures, internal research and development, and operational improvements — to spur growth.

Another key difference is that inorganic growth typically requires a large initial investment, whereas organic growth generally involves gradually investing in marketing, human resources, and operations over time. As a result, inorganic growth usually requires taking out a business loan, whereas organic growth may or may not require financing.

Inorganic vs. organic growth also comes down to speed. Inorganic growth generally leads to a much faster increase in revenues and profits than organic growth.

Pros and Cons of Inorganic Growth

To help you decide if an inorganic growth strategy is the right fit for you, here’s a look at some of the benefits and drawbacks of inorganic growth.

Pros of Inorganic Growth Cons of Inorganic Growth
Enables faster growth than you can achieve through organic growth High upfront costs
Allows you to take over a proven business model rather than start from scratch Merging workforces can lead to redundancies, as well as friction
Increasing your business size can make it easier to access additional capital for further growth Investing in another business or location can be risky

Pros

Unlike organic growth, which can take time, inorganic growth results in rapid expansion, since the company you are acquiring or partnering with already has established systems, customers, and revenues.

Growing through mergers and acquisitions also gives your business access to valuable resources and assets, such as technology, intellectual property, equipment, and staff. In addition, it can expand your market share and reduce competition. Becoming a larger company can also make it easier to access capital through business loans when you need it.

Recommended: 10 Business Growth Strategies

Cons

Inorganic growth generally requires a large upfront investment, which may involve taking on debt. If your company is currently small, getting the financing you need might require collateral, which can put personal or business assets at risk.

Acquiring a new business or adding a new location can also result in management challenges. In the case of a merger or acquisition, you may end up with multiple people in the same roles and need to consolidate. Merging with another company can also lead to friction.

While inorganic growth can result in rapid growth, success is not guaranteed. Investing in another business or location can be risky.

5 Inorganic Growth Strategies

There are several inorganic growth business strategies to consider, depending on how your business is set up and how willing you are to give up your company’s independence.

1. Acquisition

Purchasing an already-established business is one way to instantly increase your business’s revenues and profits. An acquisition allows you to take over a proven business model with customers and systems already in place rather than having to build it from scratch.

Recommended: Top Business Acquisition Loans

2. Merger

In a merger, two firms agree to become partners in a larger business. To achieve inorganic growth through a merger, you might join forces with a competitor. This takes your competition out of the marketplace and allows you to absorb its market share. It also gives you access to its technology, products, and workforce.

3. New Location

Opening a new location for your existing business leverages the hard work you’ve already put into your brand. You won’t have to develop new management or marketing strategies, other than extending what you’re already doing at your original location. If you sell products, you may be able to negotiate a lower per-unit cost if you need to increase the size of your orders from suppliers to outfit a new location.

4. Strategic Alliance

When two brands see benefits in working together but don’t want to give up their individual independence by merging, you have a strategic alliance. Perhaps Company A has the audience that the other wants to reach, while Company B has technology that Company A can leverage.

5. Joint Venture

Similar to a strategic alliance, a joint venture involves two or more companies coming together to take on a particular business activity for a limited period of time. A joint venture creates a new business entity that is separate from the participating businesses. This allows the participating businesses to grow while maintaining their independence and individual brands.

Recommended: How to Grow a Business

Funding Inorganic Growth

Here’s a look at some ways your business may be able come up with the capital it needs to fund inorganic growth.

Business Loans

There are many different types of small business loans, including business acquisition loans. If you have good credit, you may qualify for a bank loan with low interest rates and favorable terms. If your business is new or you have fair credit, you may be able to get financing for inorganic growth through an online lender. These alternative lenders often have more flexible qualification criteria than banks, and also provide faster funding. However, loan amounts may be smaller and interest rates can be higher.

Equity Fundraising

Another option for funding inorganic growth is to bring on private equity investors. These individuals (or firms) can provide capital for you to acquire, merge with, or partner with another business, in exchange for equity in the company. Keep in mind, though, that investors may want a say in strategic decisions.

Invoice Financing

If you are looking for a smaller amount of financing to help fund a joint venture or strategic alliance, you might consider invoice financing. This allows you to leverage the value of unpaid invoices to get access to cash quickly. With invoice financing, lenders advance a percentage of your unpaid invoice amount (often as much as 90%). When your customer pays the invoice, you repay the lender the advance amount, plus fees.

Because invoice financing is backed by your invoices, it can be easier to qualify for compared to other types of business loans. However, invoice financing tends to cost more than other types of financing.

The Takeaway

Inorganic growth involves buying or joining forces with other businesses or opening new locations. It contrasts with organic growth, which is growth from within the company. Both inorganic and organic growth may involve outside financing. However, inorganic growth generally requires significantly more capital than organic growth.

If you’re seeking financing for your business, SoFi can help. On SoFi’s marketplace, you can shop top providers today to access the capital you need. Find a personalized business financing option today in minutes.

With SoFi’s marketplace, it’s fast and easy to search for your small business financing options.

FAQ

What is the difference between organic growth and inorganic growth?

Organic growth happens over time and involves using internal resources to increase revenues and customers. Inorganic growth, on the other hand, happens quickly and typically involves acquiring, merging with, or partnering with another company.

What is a benefit of inorganic growth?

Inorganic growth enables your business to expand rapidly, since the company you acquire or partner with typically already has established systems, customers, and revenues.

What are the methods of inorganic growth?

Inorganic growth strategies include acquisitions, mergers, opening a new location, joint ventures, and strategic alliances.

Photo credit: iStock/filadendron

SoFi’s marketplace is owned and operated by SoFi Lending Corp. See SoFi Lending Corp. licensing information below. Advertising Disclosures: SoFi receives compensation in the event you obtain a loan through SoFi’s marketplace. This affects whether a product or service is featured on this site and could affect the order of presentation. SoFi does not include all products and services in the market. All rates, terms, and conditions vary by provider.


Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

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Source: sofi.com

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Maryland may be known for its charming coastal cities along the Atlantic Ocean and Chesapeake Bay, but the state is also home to rolling mountains like the Appalachian range. With quaint mountain towns to match the landscape, there are plenty of reasons to consider moving to Maryland’s wilderness.

To help you get started, Rent. has curated a list of the best mountain towns in Maryland to call home. Whether you’re looking for a village with history, a mid-sized city with amenities, or a town near a national park, there’s a spot for every lifestyle on our list. Read on to find out what mountain town you want to move to.

1. Boonsboro

Mountain range: South Mountain

Average rent price: $1,463

Population: 3,490

Houses for rent in Boonsboro, MD

Apartments for rent in Boonsboro, MD

Homes for sale in Boonsboro, MD

Boonsboro is situated at the base of South Mountain, surrounded by several major parks. Some of the popular parks include Greenbrier State Park, popular for swimming and fishing, Greenbrier State Park featuring nature trails, and White Rocks Trail Overlook which has a variety of hiking areas. This small town, with a population of just under 3,500, is perfect for those who love the outdoors.

Boonsboro is a treasure trove of history, home to attractions such as the Washington Monument State Park, which predates the more famous monument in D.C. and is part of the Appalachian Trail. You can also check out historic spots like Crystal Grottoes Caverns, Boonsboro Historical Society, and South Mountain State Battlefield. Boonsboro’s quaint downtown area with a variety of local shops and eateries adds to its charm.

2. Brunswick

Mountain range: Appalachian Mountains

Average rent price: $3,400

Population: 5,610

Houses for rent in Brunswick, MD

Apartments for rent in Brunswick, MD

Homes for sale in Brunswick, MD

Brunswick is located within the breathtaking Appalachian Mountains and near Gathland State Park. Residents enjoy access to a variety of outdoor activities, including hiking, fishing, and camping. You can check out spots like the Rivers Edge Trails, Catoctin Creek Park & Nature Center, the Gathland Trailhead, and Weverton Cliffs a gorgeous lookout along the Appalachian Trail.

Brunswick’s rich history is evident in its charming downtown area, which features antique shops, local dining options, and the Brunswick Railroad Museum, highlighting the town’s railroad heritage. You can also explore the riverfront area, where you’ll find views of the Potomac River. Its proximity to natural attractions and its vibrant community make Brunswick a top choice for those seeking a mountain town lifestyle.

3. Cumberland

Mountain range: Allegheny Mountains

Average rent price: $942

Population: 19,240

Houses for rent in Cumberland, MD

Apartments for rent in Cumberland, MD

Homes for sale in Cumberland, MD

Cumberland offers a unique blend of natural beauty and history, set against the backdrop of the Allegheny Mountains. The town’s location provides easy access to outdoor activities such as hiking, biking, and exploring the scenic beauty of the surrounding mountains. It’s close to areas like Rocky Gap State Park, Helmstetter’s Curve, and Zumbrun Overlook.

Cumberland is known for its vibrant downtown area, which features the Western Maryland Scenic Railroad, historical sites like George Washington’s Headquarters in Riverside Park, and museums like the Allegany Museum. There are also plenty of cafes, restaurants, and local shops throughout downtown and the waterfront area. Cumberland’s rich heritage and welcoming community make it an attractive place for residents seeking a historic mountain town.

4. Elkton

Mountain range: Appalachian Mountains

Average rent price: $1,883

Population: 16,000

Houses for rent in Elkton, MD

Apartments for rent in Elkton, MD

Homes for sale in Elkton, MD

Elkton is situated within the Appalachian Mountains along the border with Delaware. Elkton’s proximity to natural attractions, including nearby trails and waterways, makes it a great location for those who enjoy outdoor adventures. Be sure to explore places like Elk River Park, Elk Neck State Forest, and Hatchery Park.

Home to about 16,000 residents, Elkton has a blend of small-town charm and modern conveniences. The town is known for its beautiful parks, local boutiques, and eateries that cater to a variety of tastes. Elkton also has a variety of historic places and landmarks like the Hollingsworth House-Fort Hollingsworth Historic Site, the Elkton Music Hall, and The Historical Society of Cecil County.

5. Frederick

Mountain range: Appalachian Mountains

Average rent price: $2,473

Population: 69,940

Houses for rent in Frederick, MD

Apartments for rent in Frederick, MD

Homes for sale in Frederick, MD

Fifth on our list is Frederick, located in the Appalachian Mountains near state parks like Gambrill State Park. This park is well-known for its scenic overlooks, biking, hiking, and horseback riding trails, fishing areas, and campgrounds. You can also enjoy the outdoors at spots like Monocacy National Battlefield, Frederick Municipal Forest, and Catoctin Mountain Park.

With a population of 69,940, Frederick is celebrated for its vibrant arts scene, historic architecture, and diverse culinary offerings. This city is home to a wide range of historic landmarks like the Schifferstadt Architectural Museum, the National Museum of Civil War Medicine, Heritage Frederick, and the Rose Hill Manor Park & Museums. Frederick’s bustling downtown area, filled with shops, restaurants, and landmarks, combined with its scenic surroundings, makes it a top choice.

6. Frostburg

Mountain range: Appalachian Mountains

Average rent price: $1,916

Population: 8,260

Houses for rent in Frostburg, MD

Apartments for rent in Frostburg, MD

Homes for sale in Frostburg, MD

Frostburg is another gem within the Appalachian Mountains, located about 8 miles west of Cumberland. The town’s location is perfect for those who love winter sports, hiking, and enjoying the great outdoors. Whether you visit St. John’s Rock ORV Trail, Dans Rock Overlook, Dans Mountain Wildlife Management Area, or New Germany State Park, there are plenty of places to check out in and around Frostburg.

Frostburg’s downtown area is a blend of historic charm and modern conveniences, with local shops, cafes, and entertainment options. This town is a hub for students and outdoor enthusiasts alike, thanks to Frostburg State University and its proximity to natural attractions. Frostburg’s community spirit and scenic beauty make it an appealing choice for anyone looking to experience mountain town living.

7. Oakland

Mountain range: Allegheny Mountains

Average rent price: $1,119

Population: 1,760

Houses for rent in Oakland, MD

Apartments for rent in Oakland, MD

Homes for sale in Oakland, MD

Oakland is a hidden treasure within the Allegheny Mountains. A gateway to Herrington Manor State Park and Garrett State Forest, these parks are great for hiking, fishing, and camping. The town’s historic downtown area provides a glimpse into its past, with well-preserved buildings and local businesses that add to its charm. Some historic landmarks include the Oakland B & O Railroad Museum and the Garrett County Historical Society Museums. Oakland’s community is tight-knit and welcoming, making it an ideal place for those looking to escape the hustle and bustle of city life.

8. Sykesville

Mountain range: Appalachian Mountains

Average rent price: $2,533

Population: 4,150

Houses for rent in Sykesville, MD

Apartments for rent in Sykesville, MD

Homes for sale in Sykesville, MD

Sykesville, set within the Appalachian Mountains, offers a blend of small-town charm and natural beauty. It’s a well-known Baltimore suburb, known for its proximity to Piney Run Park, Patapsco Valley State Park, and Liberty Reservoir. These spots are great for hiking, picnicking, and enjoying the water.

The town features a variety of local shops, restaurants, and parks, alongside landmarks like the Sykesville Historic District and Freedom Park. Sykesville’s proximity to larger cities, combined with its scenic setting, provides residents with the best of both worlds. The town’s commitment to preserving its historical character, while also embracing the future, makes Sykesville a great mountain town to live in.

9. Williamsport

Mountain range: Appalachian Mountains

Average rent price: $1,200

Population: 1,960

Houses for rent in Williamsport, MD

Apartments for rent in Williamsport, MD

Homes for sale in Williamsport, MD

Williamsport is located near the Appalachian Mountains, north of the Chesapeake and Ohio Canal National Historical Park. Williamsport’s proximity to the historical park provides easy access to outdoor activities such as hiking, biking, and kayaking. Other outdoor spaces to check out include Williamsport C&O Canal Trail, Williamsport Park, and McMahon’s Mill Recreation Area.

The town’s downtown area is home to a variety of local businesses and restaurants, adding to its charm. You can also find a variety of historic landmarks like Canal Lockhouse 44, The Historic Springfield Barn, the C&O Canal Lock, and Williamsport’s Banking Mansion. With its small-town feel combined with outdoor recreational opportunities, make sure to add Williamsport to your list.

Note, this list is not comprehensive of all the mountain towns in Maryland. Towns must have average rental data to be included on the list. Average rental data from Rent.com during September 2024. Population data is sourced from the United States Census Bureau.

Source: rent.com

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Real Estate

October 24, 2024
by Mark Ferguson

With over 20 years of experience as a realtor and real estate investor, I’ve been tracking housing report patterns closely, and today’s data reveals some interesting developments that we should all pay attention to. In this post, I’ll cover my take on the housing market and what may be in store for us over the next few months.

Table of Contents

Video Version: Is the Housing Market Starting to Falter?

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Active Listings Show Steady Increase

The national active listing count has been steadily climbing throughout 2024, though it remains significantly below pre-COVID levels. While this increase might concern some market watchers, it’s important to note that:

  • Current inventory levels are still well below 2017-2019 figures
  • The market remains competitive despite interest rates being 2-3 times higher than pre-COVID
  • The seasonal pattern typically shows an increase until August before declining

Unexpected Surge in New Listings

One of the most surprising developments in the September report is the unusual uptick in new listings. Typically, new listings decrease during this time of year, but we’re seeing an increase that breaks from historical patterns. This could be related to:

  • Recent Federal Reserve rate decisions
  • Market anticipation of lower mortgage rates
  • Sellers timing their market entry

Residential-detached homes for sale in my market.

Mortgage Rate Dynamics

The relationship between Fed rates and mortgage rates continues to be complex:

  • Recent rates fluctuated between 5.7% and 6.5%
  • Strong jobs report data has influenced rate movements
  • Mortgage rates remain more closely tied to 10-year Treasury rates than Fed funds rates

Rental Property Cash Flow Calculator

Days on Market Remains Stable

Despite increased inventory, the days-on-market metric remains lower than pre-COVID levels, indicating continued market strength. This metric shows:

  • Similar patterns to recent years
  • No abnormal increases despite higher inventory
  • Continued strong buyer demand

The median listing price is showing typical seasonal patterns:

  • Only 1% decrease year-over-year
  • Normal seasonal decline from summer peak
  • Price reduction shares actually decreasing more than usual

Here’s a view of residential-detached house prices in my market from 2014 until now.

New Construction Insights

The new construction data provides valuable forward-looking indicators:

  • Single-family home starts remain sensitive to interest rate changes
  • Completion rates have maintained steady levels
  • Supply chain and labor markets continue to influence building activity

Recent data shows interesting developments in housing occupancy:

  • Owner-occupied units reached record highs at 86 million
  • Rental occupancy has increased alongside ownership
  • Population growth is driving demand in both sectors

Is There Really a Record Number of Houses Being Built Right Now?

Market Outlook

Based on current data and historical trends, several key factors suggest continued market stability:

  • Persistent housing supply constraints
  • Strong demographic demand drivers
  • Steady owner-occupancy rates
  • Continued population growth affecting housing demand

Conclusion

While we’re seeing some unusual patterns in new listings and inventory, the fundamental market indicators remain strong. The combination of limited supply, steady demand, and population growth continues to support market stability.

As we monitor these trends, it’s crucial to remember that short-term fluctuations are normal in real estate markets, and the overall structural factors supporting housing demand remain intact.

Where do you think we’ll be in a few months? Let me know in the comments below!

Source: investfourmore.com