Best Way to Get a PO Box for Your Real Estate Investing Business
Reputation is the heart of the real estate investing business. It takes time to be earned, it therefore should be maintained. It is prudent when a mail is delivered to a post office box address than a home or business physical address. Having a PO Box is one way to show your business stakeholders that you are very professional with your business.
There are various reasons that can motivate you to get a post office box address for your real estate business. Before getting one, it’s crucial to understand how you can get one and the cost implications.
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What is a PO Box and how does it work?
This is a post office box that is physically stationed in a post office and can be rented by an individual or business for the sole purpose of receiving mails or packages. Once you have rent the mailbox, you receive a key or access code to collect your mails.
Why you need a PO Box for your real estate business
Imagine delivery trucks coming to your house every day to deliver mails. This is not only a violation of privacy but also portrays a bad picture for your business. Here are the main reasons why you should get a post office box address for your business:
#1: Separating personal and business mails
As a real estate investor, you will be receiving a lot of mails relating to your business, especially if you are running it from home. These mails should be received separately from your personal mails.
#2: Businesses are in different locations
In most cases, real estate investments are not located in one area. An investor can own single-family homes in one place and a rental complex apartment in another place.
For such a business it is wise when you have one central place to receive your mails instead of having to pick them from different locations.
#3: Privacy purposes
With a home physical address, all stakeholders in your real estate business will know where you live. To keep your privacy, get a PO Box for your business.
#4: Security reasons
Mails relating to your real estate business should be confidential. Unfortunately, mail theft is common these days. With a post office box address, your mails are safe until you pick them.
The cost of renting a post office box address
The cost you will pay for your rented PO Box depends on:
- Location – If you are renting a PO Box where its demand is high, perhaps in a busy city, the cost will be high.
- Size of the post office box – The boxes are in five sizes. There are the extra small, small, medium, large, and extra-large. Getting a bigger box means you will pay more
- Payment period – Paying a year in advance will be much cheaper than paying three months in advance
How to get a PO Box for your real estate business
#1: Decide on the location
You should choose a location near you or your real estate businesses so that it is easy for you to pick your mail whenever you want especially if you are picking mails every day or several times a week.
It is also good to check on the size of the business office where your mailbox will be located. For a small post office, you will have to wait in line each time you go to pick your mails.
The post office locations are available on the PO Box page on the USPS website. Select a convenient location for you and your business
#2: Chose the size of the box
There are five different sizes of post office boxes. Pick a box size depending on the size and number of mails or packages you will be receiving and how often you will picking your mails. Because not all box sizes are available in all locations, confirm the availability of the box selected.
#3: Determine how you will pay for your PO Box
To reserve and pay for your post office box address you need an existing USPS account. If you don’t have one, you can easily create a new account on usps.com.
In regards to your payment schedule, you have an option of either paying once per year or making recurring payments that will automatically renew your post office box.
To make the payments, you can use a credit or debit card to pay online, visit the posts office and pay in person or with a check
#4: Receive mails
Once payment has been made, you will get a key from the post office where your post office box address is located. To receive your box number you will have to fill out a rental agreement. Your post office box address is now ready to receive mails.
Overall, it is beneficial to have a post office box address for your real estate business. Follow the simple and quick steps to get a suitable PO Box for your business.
Be great today,
Nick Foy, Founder | Under30wealth.com
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