The Ins and Outs of Owning Mineral Rights

Feb 6, 2018 by

Winning the lottery and striking oil have a lot in common when you think about the emotions that are associated with each. It’s a very exciting rush to consider the prospects of each if you’re lucky enough to experience either. However, there’s a critical distinction between the two; one is money, and the other is the prospect of money. For those who have minerals rights, they also have responsibilities of a high magnitude to decide exactly what to do with those rights.

 

There are two primary ways of dealing with mineral rights if you’re just a private citizen and not an excavating or drilling company selling or leasing the mineral rights to your property. Selling your mineral rights brings much more immediate results, while leasing will deliver more prolonged results. It’s critical to know which one of these options is best for you because misjudgment can be expensive.

 

Choosing one over the other could have you selling out for pennies on the dollar, or waiting ten or more years to see a return on your investment. That’s why it’s highly recommended that you speak with a broker who can evaluate the value of your mineral rights. Selling your mineral rights is more often than not the best choice, as it relinquishes the responsibility of the mineral rights to begin with, and guarantees a sizeable payout regardless. Selling the rights to the minerals is different than selling the rights to the land they’re on, which is important to note. Leasing works the same way, however the payout will trickle in over time, while the rights to the land are maintained. Depending on what kind of rights you own, be it minerals, oil, or natural gas, leasing may be the better option if prices are expected to rise.

 

Leasing can often be misjudged, which is why a mineral broker is key. Mineral brokers are usually well connected with buyers and will do their best to drive the price up on your mineral rights. Since mineral brokers have a better idea of what your mineral rights are worth than you do, they’re less likely to get swindled by a buyer and can protect you from buyers who prey on less knowledgeable owners.

 

Since brokers have a vast network of buyers they’re often in touch with, they will drive up competition for your mineral rights, raising the price and attracting many prospective buyers. On your own, it’s much more difficult to get in touch with all the people necessary to do this. For those lucky enough to have mineral, oil, or natural gas rights, they should exercise care to get the most worth out of their rights. Taking the necessary precautions to maximize profit on your mineral rights is a move that could help you set yourself up for great financial success.  

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What’s With Motorcyclists Today?

Nov 2, 2017 by

Motorcyclists need to stop looking for the chance to sue people. This seems to be a pattern right now in the motorcycling community. I don’t know where they are getting this whiny, demanding attitude, but it needs to stop. Right now.

For the second time in six months, I’ve had a motorcyclist threaten to sue me. This, all because they are running into my car.

The first time it happened because I stopped, not that suddenly, but with a little bit of force because the light turned red. I can’t change how quickly lights change in this town, and I was following the rules of the road. This motorcyclist ended up kissing my bumper. Really, it was more of a peck. All that happened was he touched the bumper and sort of fell forward, putting his hands on my trunk. I pulled off to the side of the road like I was supposed to, and this guy starts railing against me as a dangerous driver. Of course he was some young kid who thought he knew the world. I calmly explained that I had done nothing wrong. He didn’t want to hear it. Finally, I had to pay him a couple hundred dollars because he said I ruined his front tire. It looked fine to me, but whatever. I paid and moved on.

The second time, the motorcyclist again basically ran into me. I changed lanes on the highway while he was speeding up. This time, though, we did somewhat collide. He fell off his bike, which was scary, even though it was his fault. I pulled over again, and this driver absolutely insisted we call the cops and report the accident. He said he would contact a motorcycle lawyer over the incident.

This took an hour out of my life, and now apparently, he is going forward with his legal threat. I’ve got a ticket from the police and a stern talking to from them already, and now this lawsuit business.

I just don’t understand what these motorcyclists are up to these days. I never had a problem with them before, is there some change in the culture I don’t know about? Was there a big article in Motorcycle Weekly or something about marking out guys with nice cars for a good payday?

Whatever it is, it needs to stop. Motorcyclists need to learn the rules of the road and learn to drive more defensively. It’s on them to keep themselves safe. That’s not my responsibility.

In a way, I can’t wait for this issue to go forward. I can’t wait to see that motorcyclist’s silly face when he finds out just how wrong he has been. I hope he has to pay all his lawyer fees. Maybe he’ll have to sell his bike. Then he can buy a proper vehicle next time he’s got money, which won’t be for a good long while, I bet.

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Are Value Products Revolutionizing Hair Care?

Sep 1, 2017 by

Our hair is one of the first physical features that people notice about us. How our hair looks, the length we decide to keep it, and which hairstyle we choose on any given day says a lot about our personalities. People spend hundreds, if not thousands, of dollars per year on hair care products to keep their lock looking fabulous. Unfortunately, not everyone can indulge at such an extravagant price point. Most products are drugstore quality, running under five dollars or so, or they break the bank. Verb, an Austin-based brand, is seeking to change that.

According to Racked, Verb was the brainchild of Jayson Rapaport, Michael Portman, and Claire Moses. In 2006, Rapaport and Portman founded Birds Barbershop because they didn’t like any of the options for a quality cut at a reasonable price in Austin. They charge based on hair length and style instead of gender, which leads to more equitable pricing for guys with long hair, ladies with buzzcuts, and everyone in between. Moses came in when Rapaport and Portman decided they wanted a hair care brand to accompany their shop. Paying up to twice as much for a shampoo as you were paying for a haircut wasn’t a great business model, so they wanted a product with a reasonable price tag.  

The result was Verb, which charges $16 for every product. Everything about the product attempts to avoid the gendered presentation of other brands. Verb’s packaging, scents, and products are unisex and appeal to everyone. Moses also noted that the brand uses about 30% less fragrance than their competitors because “people don’t want to smell like their shampoo.” Currently, the products are sold at Sephora, Urban Outfitters, Birds, and online. Since Birds has expanded to over 10 locations across Austin and Houston, their brand is reaching further as well. With everything from hairspray to styling creams to basic shampoos and conditioners, Verb is an interesting brand with a wide appeal.

Verb is attempting to build a bridge in a fragmented market, and we admire that they are providing a product that is accessible and affordable. However, sometimes what your hair needs extends beyond the typical shampoo and conditioner, and brands like Verb may not scratch that itch the way higher level products can.

According to Therapy Hair Studio, hair care—professional hair care, at that—should be a relaxing and fun experience. With brands like Verb making it onto the market, people will soon be able to take the stress out of looking for their perfect new shampoo. Since it’s non-gendered, families, roommates, and even spouses can enjoy using the same, high-quality shampoo without breaking the bank—if they want to share it in the first place, that is! Even though your hair is unique, you shouldn’t have to painstakingly find a shampoo. Verb is high-quality, with low-maintenance.

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The Essentials of Freight Factoring

Aug 19, 2017 by

Managing your own business is often a very difficult task. There is a multitude of different elements that you have to manage, and money is one of the most important. Whether you are an independent trucker or you are the manager of a small trucking business, cash flow is one of the primary financial elements that you will need to address. However, this is not an easy topic to understand or to properly handle, and it can often lead to frustration and significant stress. Fortunately, there are a number of freight factoring companies that can help you manage your monthly cash flow. A recent article by The Trucker’s Report created a guide to help you enter into smart freight factoring agreements.

The basic definition of freight factoring is a system in which you receive a payment for an unpaid freight bill, from an outside company. Although you will be receiving less money overall, this allows you get your money more quickly so that you can afford the daily costs of your business. While this may be a good option for many truckers, it is important to understand some of the pros and cons of choosing this route, such as:

  • The fee associated with all freight factoring companies, which could be between 1.5% and 5% of your total revenue. However, you will be able to receive between 50% and 90% of your payment immediately, and you will receive the balance when your customer pays their bill
  • Some companies provide only recourse-based service, which means if your customer fails to pay, you must pay back the factoring company the amount they lent. Non-recourse-based services protect you from this possible outcome
  • Some companies allow you to use their factoring services on a load-by-load basis, to help you when money is tight, but others require you to use their service with all future loads for a customer

These are just a few of the differences to look for when choosing a freight factoring company. It is important to look into the company you are choosing, in order to find a deal that is right for you.

Deciding to pursue freight factoring can be a business saving choice for many truckers, and it may help you get through particularly hard times. While this article gives a brief overview of what you need to know about freight factoring, you should always look at your own financial information and do additional research to determine the best course of action for your business.

Although there are many freight factoring companies to choose from, they are not all created equal. On top of their standard practices, some companies also offer additional services to help your business. One such company, TBS Factoring, offers services such as advanced rates, fuel discounts, and discounted overnight billing. Choosing a company that offers high-quality service and other additional perks is a great way to ensure you get the most out of freight factoring.  

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How to Spot an Investment Scam

Jun 17, 2017 by

Losing money in an investment because of fluctuating market values is understandable, but losing money because of the investment’s fraudulent nature is just unacceptable. You don’t deserve to lose your money just because some company or individual has deceived you, but things like this happen all the time.

The best way to avoid investment scams is knowing how to spot one. Here are some of the traits most common among fraudulent investments.

Company is not registered

Don’t be shy to ask the company of its necessary documents to prove its legitimacy, such as registrations and licenses. A legitimate company will have nothing to hide, especially if it is trying to persuade you to invest, so if a company is often making excuses not to show you documents, stay away.

Salesperson is not licensed

You should investigate the legitimacy of not just the company, but also the person who is trying to get you to invest in that company. This person should be properly registered and officially licensed to sell the commodity. Be particularly wary of salespersons who desperately try to illustrate their success, because they are usually using this as a mask to their illegitimacy.

But not because the salesperson is licensed you are already safe. The website of Erez Law has mentioned several examples on how registered brokers can be malicious and negligent.

Salesperson is being too vague or too technical

Aside from the legitimacy of both company and salesperson, you should also know the nature of the investment and how you can get returns. If you don’t know these things, you can be an easy target for investment scams. Be wary if a salesperson is not giving you access to important information, either by being too vague or being too technical.

Returns are promised to be high and risks low

When it comes to investing, there is no such thing as easy money. If you want high returns, you need to go through equally high risks. If the investment pitch is too good to be true, like if it is making promises of high returns despite the minimal risks, you should be cautious. It is probably just trying to lure you in with false hopes.

 

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