NestEgg, a fintech software company that helps growth-minded mom and pop real estate investors reach their goals of financial independence faster with easy online property management, today announced the launch of their Freedom plan. With NestEgg’s Freedom plan, real estate investors are able to turn their long-term rentals into truly passive income with full-service management for only $29 per rental per month. This allows real estate investors to be completely hands-off much more profitably and saving on average 8-10% of their monthly rental income that typically goes to traditional property management.

The majority of mom-and-pop real estate investors today live within driving distance of their rental properties so that they can self-manage and avoid paying expensive property management fees. Now with Freedom, they can receive the benefits of professional property management at a fraction of the cost with a human rental manager that coordinates maintenance issues, collects rent payments, fills vacancies, handles all resident interactions, and more. Additionally, Freedom gives all real estate investors the opportunity to expand their portfolio with properties all over the state or country, coupled with financial benefits such as automatic rent payment on the first of the month (every month), and a six-month interest-free buy-now-pay-later option for property renovations.

Knowing that most real estate investors don’t have the time or confidence to do it themselves and someone will be there to take care of your property, regardless of where it is geographically, opens up a whole new world of opportunity. It makes a secondary form of income operate on autopilot without any real-time or energy being put in by the investor. Click to read more at www.galvnews.com.

Justin Aguilar’s bingo halls in Corpus Christi lost a week of business and thousands of dollars during February’s deadly winter storm. That was devastating enough.

But that loss of income is dwarfed by what the business now owes because of the Texas power crisis: There’s a $120,000 electricity bill waiting to be paid.

Since the bookkeeper for Bingoland, Margaret Baldwin, got the eye-popping bill — nearly 50 times more than an average month for the two buildings — she’s just held on to it. Normally, the organizations that rent the bingo halls would be on the hook. But instead of passing on the obscene costs, Baldwin is hoping for help from Austin.

“If we had to come up with the money and pay this, it would shut down the halls,” she said.

The bingo halls had a variable electricity plan from Summer Energy that offers cheaper power when the state’s electricity supply is sufficient, but more expensive rates when it’s scarce. Exorbitant power bills now loom over thousands of Texas businesses like an overfilled dam, waiting. Baldwin and others are waiting for a desperately needed bailout from the Texas Legislature.

The February winter storm was one of the most devastating disasters in the state’s history, killing at least 100 people. It was also one of the most expensive because of spikes in wholesale power prices and natural gas prices. Electricity regulators set power prices at the maximum rate — $9,000 per megawatt-hour — for several days in hopes that market dynamics would encourage more electricity to be supplied.

Because the freeze knocked out many of the state’s power generators, electricity companies had to buy what little power was available at that exorbitant rate (the average price for power in 2020 was $22 per megawatt-hour). Natural gas fuel prices also spiked more than 700% during the storm.

Click to read more at www.texastribune.org.