Businesses are dependent on tourism to rent hotel rooms and private residences to employees. Some are also building new homes for their workers on seasonal vacations.
Two months ago, Scott Vogel moved out of the home he owned close to his eatery in Ogunquit and offered the house for rental to his four employees. For Vogel, it was the only option to retain his staff facing the severe storm of a soaring labour market and the crippling lack of housing affordable in a tourist centre.
There were plenty of rental units that seasonal employees could rent out during the summer months. Still, they’ve been renovated and converted into rental homes for the week, according to Vogel, who runs his property, the Front Porch and Crew in Ogunquit.
“It is just insane. Everybody is renting out houses every week to earn some money.” He said. “Owning two restaurants here on the kitchen side, it’s impossible to let anyone go. There’s very little housing for employees.”
However, Vogel isn’t going to rent out his Ogunquit house to employees forever. He purchased a four-bedroom home in Wells to rent rooms to employees so that he could even turn the Ogunquit property into a temporary rental.
Finding a reasonable accommodation has for a long time been a struggle for the millions of seasonal workers who create the buzz in Maine’s tourist destinations. The growth of privately-owned, short-term rental properties and an expensive housing market have caused the issue to get worse.
Now, employers like Vogel are taking on themselves to create a roof over their employee’s heads. From Maine’s coast, which is rocky, to its mountains in the countryside, Businesses are turning hotels into apartments purchasing homes, and constructing dormitories for the personnel needed to accommodate the annual tourist hordes.
A short drive to the coast to Wells, Maine, Diner’s proprietor Jim MacNeill eyes the purchase of a motel in part to provide accommodations for foreigners with visas, locals and anyone else that he could employ. “I can’t recruit from anyone who isn’t within a short commute because they don’t have anywhere to live,” MacNeill explained.
The service of The Maine Diner is now limited to lunch and breakfast six days per week and takeout meals from a food truck every few days. MacNeill requires at minimum six-line cooks to extend his hours.
“Housing has become such an issue that we have limited the ability to find help,” said the CEO. “I think anyone who is an entrepreneur needs to take it on themselves because they aren’t going to survive if they don’t.”
FEW ROOMS FOR RENT
A guesthouse for employees adjacent to Nonantum Resort. Nonantum Resort in Kennebunkport is filled, and attempting to locate a new property in the area available to rent or sell is futile, according to General Manager Tina Shewett-Gordon. The resort is likely to remove some accommodation from the market so that it could rent them out to employees and is considering the possibility of a private arrangement together with other employers to transfer employees between and to the more affordable Sanford region.
“We are trying to beef up staffing numbers and ensure we have proper coverage regardless of what that will cost,” Hewett-Gordon stated.
The Nonantum is lucky to have a few homes and the option of taking some apartments off the market to employees, she explained. This isn’t a good option; however, many companies do not have this.
“It is a real problem in this area and up and down the coast,” Hewett-Gordon added. “Anyone who has a high demand for seasonal staffing contends with this issue.”
This is true for winter getaways Also. In the spring of this year, Sugarloaf skiing resort in North Franklin County bought the Herbert Grand Hotel, located about 20 minutes from Kingfield, to provide additional rooms to workers on seasonal vacations. “This is certainly the biggest investment in employee housing we’ve ever made,” said Sugarloaf spokesperson Ethan Austin.
The resort plans to revamp the hotel’s history and rent the hotel’s 26 bedrooms to staff over the following winter. This winter, the alternative could not fill 100 positions of a workforce that were seasonal 800.
“Some of that, for sure, is related to housing,” Austin stated. “People who may want to come up and work for a season were not able to work because they could not find a place to stay at a reasonable rate.”
Repurposing the Herbert to be used for housing for workers won’t solve the issue, but it will provide relief immediately.
With the same staffing problem, Saddleback Mountain in nearby Rangeley has plans to build a 100-bed ski-side hotel for employees. When the resort reopened in 2020 following five years of hiatus and the shortage of housing in the region was a significant reason for it not being able to fill a third of the vacant positions, according to the general manager Andy Shepard.
“If our business model depends on attracting seasonal workers to live and work year-round, there has to be a place for them to stay,” Shepard declared. “That is a fundamental need.”
Arctaris Impact Fund, the investment company which owns the mountain, would like Saddleback House to be the Saddleback House to aid in supporting the local workforce throughout the four seasons, not only for its own business.
“We just have to find a place to put people here,” Shepard stated. “Once they get here, we can take care of the needs of Saddleback but also Rangeley.”
HOUSING AND LABOR CRUNCH
In the last two years, prices for homes have risen dramatically across Maine and especially in picturesque or appealing communities. According to the Maine Association of Realtors, the median cost for a house in March was around $325,000, which is up 21 per cent over the previous year. In addition, the quantity of homes available to purchase has decreased, leading to a more competitive market.
In the meantime, the hospitality industry is trying to replace its workforce, more than two decades after mass cuts to the crew were announced across the industry during the initial stages of the epidemic. The lack of employees is felt most strongly during the tourist-driven summer months. In 2019, employers working in the hospitality and leisure sector peaked in the summertime with over 89,000 employees in Maine. The previous year, the number barely touched 80,000, nearly 10 per cent less.
Some residents of Mount Desert Island started worrying about the lack of housing twenty years ago, and finding a home, particularly for the seasonal worker, has become more complex, said Marla O’Byrne. She is the director of the executive committee of the Island Housing Trust. The resultant labour shortages caused businesses to cut their hours, shut down hotel rooms, or reduce services to customers.
“Amid booming visitation, businesses are scaling back hours and services,” O’Byrne explained. “It is not because they don’t want to do business – they can’t find people to make the commute or … afford to live here.”
Acadia National Park has fallen victim to staff shortages due precisely to the lack of homes to live in. Acadia National Park hasn’t been able to recruit the 130to 150 members of staff that it requires each summer, which means it needs rangers, lifeguards, custodians, custodians and fee-takers. However, the park’s attendance has increased, with around 4 million people visiting last year.
“We are seeing record numbers of people coming to Acadia, but we are seeing a workforce to service those visitors that haven’t increased,” said Acadia’s park superintendent Kevin Schneider.
The park has asked Federal officials to release up the area close to Bar Harbor so it can expand the beds to 80 that it has now to accommodate seasonal employees.
Housing is the main factor that determines whether you hire, Schneider said. If top potential candidates get interviewed, they’re provided with housing. Once they have vacated the bed hiring staff becomes more difficult.
If someone does not have family near, they can either live in their RV or trailer or cobble together an accommodation. It can be challenging to be a park worker, according to him.
“We will tell a candidate, ‘We don’t have housing for you,’ ” Schneider explained. “That’s when we go through the endless list of applicants since there is no way to work without housing.
5 Mortgage Loan Types | Explained
Mortgage loan is popular and oftentimes necessary way to purchase a home or other real estate property. It’s most often taken out by individuals who do not have the financial assets to pay for the property outright. A mortgage loan is essentially a loan given to the borrower from a lending institution in which the borrower agrees to make repayments on that loan amount until the principal of debt is paid off. In this article you will find 5 different types of mortgage loans. let’s go!
Fixed-Rate Mortgage Loan
A fixed-rate mortgage is a mortgage loan that has a fixed interest rate for the entire term of the loan. The monthly payment of a fixed-rate mortgage is the same every month. The interest rate on a fixed-rate mortgage will not change over the life of the loan.
A fixed-rate mortgage is a good choice for borrowers who want to know what their monthly payment will be every month. It is also a good choice for borrowers who plan to stay in their home for a long time. The interest rate on a fixed-rate mortgage may be higher than the interest rate on an adjustable-rate mortgage, but it will not change over time.
There are two types of fixed-rate mortgages: conventional and government-insured. Conventional fixed-rate mortgages are available from many lenders. Government-insured fixed-rate mortgages are backed by the federal government and are available from lenders that participate in government programs.
Adjustable-Rate Mortgage Loan
An adjustable-rate mortgage, also known as an ARM, is a type of mortgage loan in which the interest rate is not fixed. The interest rate may adjust upwards or downwards over the life of the loan in response to changes in the market.
An ARM typically has a lower interest rate than a fixed-rate mortgage loan. However, because the interest rate is not fixed, there is more risk associated with an ARM. Your monthly payments could go up or down depending on how the market changes.
If you are considering an adjustable-rate mortgage, it is important to understand how the interest rate will be calculated and how often it can change. You should also be prepared for the possibility that your monthly payments could increase if rates go up.
FHA Mortgage Loan
An FHA loan is a mortgage insured by the Federal Housing Administration. This type of loan is available to home buyers with a credit score of 580 or higher. down payment of 3.5%. Borrowers with a credit score below 580 may still be eligible for an FHA loan, but they will need to put down 10% for their down payment.
FHA loans are a good option for first-time home buyers or borrowers with limited funds for their down payment. These loans have lower interest rates than other types of loans, and they also come with less strict credit requirements. However, borrowers will need to pay mortgage insurance premiums on their loan.
The Federal Housing Administration offers several different types of FHA loans, including fixed-rate loans and adjustable-rate loans. Borrowers can choose the loan that best fits their needs.
VA Mortgage Loan
A VA loan is a mortgage loan that is guaranteed by the US Department of Veterans Affairs. This type of loan is available to veterans, active duty service members, and reservists. VA loans are available with no down payment and no private mortgage insurance (PMI).
VA loans are a great option for veterans and military members who want to purchase a home. They offer many benefits, including no down payment and no PMI. VA loans are available through private lenders, such as banks and mortgage companies. The US Department of Veterans Affairs guarantees the loan, which means that the lender is protected if the borrower defaults on the loan.
VA loans are a great option for those who are eligible. They offer many benefits and are available through private lenders.
A USDA loan is a government-backed loan that is available to rural homeowners. This type of loan can be used to purchase a home or to refinance an existing mortgage.
USDA loans are backed by the United States Department of Agriculture (USDA). This means that if you default on your loan, the USDA will pay off the lender. This makes USDA loans very attractive to lenders, as they have little risk involved.
To qualify for a USDA loan, you must meet certain income and credit requirements. You must also be a U.S. Citizen or Permanent Resident and have a valid Social Security number. Additionally, the property you are purchasing must be located in a rural area.
If you are interested in applying for a USDA loan, you should contact your local USDA office or a participating lender.
Pros and Cons of each type of mortgage loan
There are several different types of mortgage loans available, each with its own set of pros and cons.
Fixed-rate mortgage loans have interest rates that remain the same for the life of the loan. This can be advantageous if interest rates rise over time, as your monthly payments will not increase. However, if interest rates fall, you will not be able to take advantage of the lower rates.
Adjustable-rate mortgage loans have interest rates that can change over time. This can be beneficial if interest rates fall, as your monthly payments will decrease. However, if interest rates rise, your monthly payments will also increase.
FHA loans are backed by the Federal Housing Administration and have more lenient qualification requirements than other loans. However, they also have higher insurance premiums and require a down payment of at least 3.5%.
VA loans are available to veterans and active duty military members. They do not require a down payment and have low interest rates. However, they are only available to those who meet certain eligibility requirements.
There are a lot of different mortgage loan types out there, and it can be confusing to try and figure out which one is right for you. But don’t worry — we’re here to help. In this article, we’ve explained the five most common types of mortgage loans so that you can make an informed decision about which one is right for your unique situation. We hope this information has been helpful and wish you the best of luck in finding the perfect mortgage loan for your needs!
The Key Factors Driving The Growth of Industrial Fans
Industrial fans are a vital part of any production setting. They help move air around factories and other buildings, and their use has increased in recent years as more people adopt the technology. Despite their importance, there is little understanding of the factors driving the increasing growth of urban fans.
Industrial fans are becoming more popular as they offer several benefits over traditional air-conditioning systems. One benefit is that these fans can be used in many different environments, making them perfect for businesses and homes. They are easier to operate than traditional air-conditioning systems, so they are great for applications where speed is key, like factories and warehouses.
In this detailed, informative article, you will be explored key factors driving the growth of industrial fans and provide insights for companies looking to adopt them into their production environments.
The Advantages of Having Industrial Fans in the Workplace
Some of The Benefits of Using Industrial Fans Include:
#1. They Save Energy: When combined with an efficient cooling system, industrial fans can save you money on your energy bill.
#2. They Are Louder Than Air Conditioning Systems: These fans are much louder than air conditioning systems, which can be helpful when working in noisy or high-traffic areas.
#3. They Are Less Expensive To Maintain: In addition to being quieter and easier to operate, they also require less maintenance than traditional air-conditioning systems.
How to Choose The Best Industrial Fan for Your Application
You can do a few things to choose the best industrial fan for your needs:
- Consider what type of room you plan on using your fan in your home, office, or manufacturing plant.
- Look at how loud your desired noise level is: low-noise fans typically sound louder than high-noise fans, so make sure this is something you are comfortable with before making your purchase.
- Decide which type of this fan you want: an oscillating or bladed.
Get a Price Quote for the Right Industrial Fan
Once you have a general idea of what type of fan is right for you, it is time to get a price quote. This will allow you to compare different types of industrial fans and find the best deal on the right fan for your needs. To do this, consider what type of fan you are looking for and your budget. Once you have this information, it is easy to find urban fan shops near me that can provide you with a price quote.
The Ultimate Guide To Successfully Using Industrial Fans
When purchasing a fan, it is important to follow the manufacturer’s instructions carefully. Do not force the fan to operate if it cannot do so safely. Make sure that the blade size and type are compatible with the fans you purchase.
Regularly check the fan’s performance by measuring its speed, noise level, and air quality. Do not forget to replace or maintain any parts that may become damaged due to use.
Don’t Let Your Industrial Fans Go To The Dogs: Tips For Regular Maintenance
Regular maintenance can help keep your industrial fan running smoothly and provide consistent airflow. Keep these tips in mind when performing regular maintenance:
- Replace blades on a schedule that corresponds with manufacturer specs.
- Clean filters regularly.
- Inspect impellers for accuracy every 6 months or whenever there is a suspected issue.
- Check belt tensioners regularly.
- Maintain cords in good condition.
Protecting Your Investment In Industrial Fans: Tips To Keep Your Fans Running Smoothly
When investing in industrial fans, you should protect them from damage and ensure it runs efficiently. Keep these tips in mind when protecting your fan:
- Keep the fan in a cool & dry place.
- Use only authorized parts.
- Use caution when handling the fan’s blades.
- Disconnect power to the fan if it becomes damaged or frozen.
- Clean any spills and dust off the fan before returning it to service.
Industrial fans are growing in popularity due to a variety of reasons. Some benefits of using these fans include reduced noise levels, longer life spans, and improved air quality. If you are interested in purchasing professional fan, carefully research the different types available and find one that best suits your needs.
Five smart ways to hire quality executives for your business
As the business world becomes more competitive, it’s more important than ever to have a strong team of executives leading your company. But how do you go about finding and hiring the best possible candidates? In this article, we’ll give you five smart ways to identify and attract quality executive talent for your business. By following these tips, you’ll be well on your way to putting together a top-notch team that will help take your company to the next level.
Define the role you are looking to fill
Are you looking to hire an Executive? Here are five smart ways to find quality candidates for your business:
1. Define the role you are looking to fill.
It is important that you take the time to consider what kind of executive you need for your business. What specific skills and experience would they need to possess? What kind of personality would work well for your company? Once you have a good understanding of the role you are looking to fill, you can begin your search for the perfect candidate.
2. Use a professional recruiting firm.
There are many great executive recruiting firms out there who can help you find the right candidate for your business. They will have a vast network of qualified executives and can help narrow down your search to the best possible candidates.
3. Utilize social media.
Social media is a great tool for finding executives. Use LinkedIn to search for executives with the specific skills and experience you are looking for. You can also post job descriptions on Twitter and Facebook to reach a wider audience.
4. Ask for referrals from trusted colleagues and contacts.
If you know someone who has hired an executive before, ask them for referrals. They may know
Create a candidate profile
The first step to hiring quality executives is creating a candidate profile. Consider what you want in an executive and what your business needs. Then, create a list of qualifications and attributes that your ideal candidate would possess.
Once you have a clear idea of who you are looking for, you can begin the search for candidates. There are a number of ways to find potential executives, including online job boards, networking, and headhunting.
When searching for candidates, it is important to keep your list of qualifications and attributes in mind. This will help you narrow down your search to only the most qualified candidates.
Once you have found a few potential candidates, the next step is to screen them. This can be done through interviews, reference checks, and background checks. By taking the time to screen candidates, you can be sure that you are hiring the best possible executive for your business.
Use a recruitments agency
If you’re looking to hire quality executives for your business, one smart way to do so is to use a recruitment agency. Recruitment agencies specialize in finding and vetting candidates for executive positions, so you can be sure that the candidates they present to you will be of a high caliber. Plus, using a recruitment agency can save you time and energy in the hiring process.
Advertise the position
To hire quality executives for your business, one of the best ways to reach potential candidates is by advertising the position. Consider using online job boards or even social media platforms to reach a wider audience. You can also work with executive search firms who specialize in placing top talent in businesses like yours.
Make sure that your job posting is clear and concise, and outlines the key responsibilities and qualifications for the role. This will help to attract the right kind of candidates who have the skills and experience you are looking for.
Take your time in reviewing applications and resumes, and conduct thorough interviews with each candidate. This is an important decision for your business, so be sure to take the time to find the right person for the job.
When hiring an executive, it’s important to find someone who is not only qualified for the job, but also a good fit for your company culture. The best way to get to know a potential candidate is to interview them.
Here are five tips for conducting an effective executive interview:
1. Prepare ahead of time. Make sure you have a list of questions that will help you get to know the candidate’s qualifications, work style, and personality.
2. Ask about their experience. Find out what kinds of companies they’ve worked for in the past and what kinds of positions they’ve held. Ask them about specific challenges they’ve faced and how they coped with them.
3. Determine their motivations. Why did they leave their last job? What are they looking for in a new position? What are their long-term career goals?
4. Probe their knowledge. Ask them about trends in their industry and see if they can think critically about issues that may affect your business.
5. Get a sense of their personality. Is the candidate someone who is easy to work with? Do they have a positive attitude? Do they seem like someone who would
Select the right candidate
The first and most important step to hiring quality executives is to select the right candidate. Look for candidates with the right skills and experience for the job, and who fit well into your company culture.
Once you’ve selected a few candidates, it’s time to start the interview process. Be sure to ask each candidate questions about their experience and qualifications, as well as their goals for the position.
It’s also important to give each candidate a chance to ask questions about the role and the company. This will help you gauge their interest in the position and their fit with your company.
After the interviews are complete, it’s time to make a decision. Choose the candidate who you think will be the best fit for the job and your company. With the right executive in place, you can reach new levels of success.
Onboarding and training
As your business grows, you’ll eventually need to start hiring executives to help manage different aspects of the company. Here are five smart ways to find and onboard quality executives:
1. Use a recruitment firm: Recruitment firms specialize in finding top talent for businesses. They can help you identify potential executive candidates and screen them for fit with your company.
2. Ask for referrals: Talk to other business owners or executives in your network and ask if they know anyone who would be a good fit for your company.
3. Use social media: Social media can be a great way to reach out to potential candidates. Use LinkedIn or Twitter to search for people with the skills and experience you’re looking for.
4. Look for people with complementary skills: When you’re hiring an executive, look for someone whose skills complement those of the other members of your management team. This will help create a well-rounded team that can effectively manage your business.
5. Provide comprehensive onboarding and training: Once you’ve hired an executive, provide comprehensive onboarding and training so they can hit the ground running and be successful in their new role.
As the saying goes, you’re only as good as the people you surround yourself with. This is especially true when it comes to business, and hiring quality executives is crucial to the success of any company. By following these five tips, you can be sure that you’re hiring the best possible candidates for your executive team. With the right people in place, anything is possible.
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