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Another comment on Do you want your kid in your alarm business / Finance or lease / Contract Sale -Only 3 days left
January 7, 2020
Contract Sale -Only 3 days left 

    Contract sale runs through January 10, 2020, ending at midnight EST. The discount will be applied orders received between now and January 10, 2020 by midnight*.  This will definitely be the best deal of 2020.  Changes have been made and you should check with our Contract Administrator, Eileen Wagda, at 516 747 6700 ext 312 to see if your form needs updating.  We starting adding the updates several months ago so you may be up to date. Keep in mind that our updates are free for 6 months and half price for 12 months***.  Updates will be prepared and sent out after the new orders are processed.  The sale ends January 10, 2020, so please be patient.  When you place the order the full price will come up.  We will apply the discount manually when we process the order.  Contracts will be delivered by email only.

Here's the deal:
    Buy 1 Residential, Commercial or Fire All in One and get $100 off and $50 off Disclaimer Notice
    Buy 2 All in One forms and get $100 off first and $200 off second and $75 off Disclaimer Notice and $100 off rider.   Save up to $475.
    Buy 3 or more All in One forms and get same as above and $300 off the third form and $400 off the fourth form.  Save up to $1175.00 [Residential, Commercial, Fire, Home Automation]
    Commercial Mobile Surveillance Lease $1000.  Save $500
    The Fire All in One with Security Rider $1250.00.  Save $325.00  Add the Commercial Fire All in One and the Commercial All in One and get $200 off each.  Save $800.00
    Qualifier Agreement $1200.00   Save $300.00
    Nationwide DIY with monitoring.  $3500.00  Save $1000.00**
    Nationwide PERS with or without GPS tracking. $3500.00  Save $1000.00**
* Your order must be placed on line at and received by our office no later than January 10, 2020 by midnight EST.  Orders must contain valid credit card payment and be processed; you will receive confirmation.  
Fill out the order form; the full prices will show and we will apply the discount before processing the order.  Orders arriving after sale ends will be processed at regular published rates.  Orders will be processed in order received.  Rush orders, delivered by email within 48 hours, add 15% - call Eileen to process.
Concierge Clients will receive their Concierge Program Discount on the Sale Price.  Sign up for the Concierge Program before placing your contract order to receive the additional discount.

** Does not include consultation or modification
     What's our Guarantee policy re updates?      
Free updates within 6 months of purchase***      
Half price within 6 months to 1 year***  
*** applies to original purchase only
To check if you need or are entitled to an update contact our Contract Administrator Eileen Wagda at 516 747 6700 x 312.  Free or half price orders are processed after full price or discounted orders are processed.

Another comment on Do you want your kid in your alarm business
          I wanted to say thank you for the insight into the family business structure so prevalent in the alarm industry for long time companies that are still family owned.   Our most heated competition here in Southern California is multi-generational alarm companies.   It is a great business…  I mean, just think…  you’re never bored, there is always another client around the corner, new technology keeps you young (for most of us anyway…  not quite sure what is going on with your light switch…!), and with the right planning and forethought it can certainly pay handsomely.    
          Our rabbi always brings up how we ‘stand on the shoulders of those that came before…’ Isn’t this what a family business is all about? Giving those you love a step up to make it just a bit easier for them in their lifetime?  I suggest to other dads that after they put their kids through college to get that finance or marketing degree, they should also put their kids through the machine.  Make them do installations, service accounts, learn to take care of the clients from the ground up for not only their personal connection to the end user, but also their current and future employees.  Ordering someone to hit the attic has a bit of a sting to it if you haven’t been there yourself.  Just tell them the coveralls are a suit of a different kind…
          Mijac Alarm is a 3rd generation alarm company.  We are proud of our heritage and our hard work.  Our seriousness for the client’s safety is unmatched (just as it should be in our own little world).  If I wasn’t around, my dad would have sold the company 25 years ago, if my kids were not interested, I would have sold 5 years ago.  As for the next generation, my son-in-law just accepted the Vice President position for the California Alarm Association and my daughter is helping to run our service department. 
          A dad couldn’t ask for a better Chanukah gift….  
Best wishes for the new year…..
   Yours for better security,
Steve Sopkin, President
Mijac Alarm
          Great story.  Thanks so much for sharing it.
Finance or lease
          Do you have a contract for in-house financing we would like to begin offering in-house financing as opposed to giving away the “free system”
          In the alarm industry “finance contracts” are not common.  The reason for this is that alarm contracts do not typically comply with Truth and Lending Laws, Federal or state.  Even if you wanted to comply with the Truth and Lending law and give details about the interest charge, that type transaction triggers lots of other consumer law requirements in the contract that we just don’t have room for. 
          The best alternative to financing contracts are the Leases; lease to residential or commercial.  That way you get whatever upfront costs you want and spread the rest of the payments over the life of the contract.  Unlike a finance agreement you get to keep the equipment, but other than that the cash flow is similar.
          Some alarm companies do finance their contracts.  This is done in a few ways:
  *  traditional loans against the contract RMR
  *  sell the contracts to a finance company who either keeps them in perpetuity or gives them back to you once the subscriber has made the required payments
  *  sell the contracts as they are signed, with or without some agreement to share in the future revenue.
          In the short run financing or selling accounts will raise capital.  In the long run, retaining your contract RMR is the only way to grow the equity in your business.  If you want to make it to third generation in your family then you better retain that RMR in house.  The Standard Form Agreements come in Lease format for residential, commercial security and commercial fire. 

To order up to date Standard Form Alarm /  Security / Fire and related forms, click here:
You can check out the program and sign up here: or contact our Program Coordinator Stacy Spector, Esq at 516 747 6700 x 304.
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Ken Kirschenbaum,Esq
Kirschenbaum & Kirschenbaum PC
Attorneys at Law
200 Garden City Plaza
Garden City, NY 11530
516 747 6700 x 301