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Iteliminates all the difficulties associated with traditional record-keeping. As long as your business uses a VDR alongsidemultiple backups of all your documents, through to the present day, there is almost no chance that you will ever lose anything. 2. VDRs entaila much lower setup and operational cost. With a physical data room, your business cash flow will likely be affected, as money will continually seep out of your businesss coffers. There'll be the matter of renting a physical space to store your documents and keep them under constant surveillance. And then lets say you have some potential investors or an auditor, perhaps, coming to look at your sensitive company information: You mayneed to worry about the additional costof the time you'll spend with them, and theirhotel stay. If you decide to get started with a VDR, on the other hand, all you will need is a computer system and access to your documents: no need to worry about rent, surveillance, transportation or lodging fees. 3. VDR is the poster child for accountability. Investors love accountability, and using a VDR will help you show you have this attribute -- in spades.

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Ian Beniston, executive director of YNDC, said the top-floor unit in a three-family dwelling the organization owns at 928 Canfield Road was so small they started looking into models for it outside of traditional rentals. We thought maybe this would be useful not only for us, but for the neighborhood, Beniston said. YNDC decided to offer it as a furnished room for short-term stays. The unit did well, so it also began to rent out half of a duplex at 866 Canfield Road that is occasionally used to house Americorps National Civilian Community Corps teams. Instead of letting that unit sit empty, were able to rent it short-term on Airbnb, Beniston said. Beniston said the guests range from people in town on business to people visiting family to people enjoying Mill Creek MetroParks. The duplex at 866 Canfield Road is a block from Lantermans Mill. Though the units arent constantly occupied, Beniston said they are booked more days than not. The third-floor unit at 928 Canfield Road costs $85 per night, and the duplex, which has two bedrooms, is $100 per night. Beniston said they offer discounts for longer stays.

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