Do you own real estate? Me, too! I used to self-manage all my properties.
Even though I now have a company do it for me, there are still a lot of lessons to pass on.
What would you like to know?
When I purchased my first commercial building, I was a property manager. Therefore, it was natural for me to accept the same role for our investing group. It dove-tailed nicely into my day-to-day routine. I could field calls throughout the day for my own property as well as from the portfolio I managed. Everything rolled together well. It was a comfortable fit.
August 1st is National Night Out, an annual opportunity to promote building partnerships between communities and their police departments along with fostering neighborhood camaraderie.
It’s also an occasion to look at how we can make our neighborhoods a safer place. As such, I thought I’d take a moment to highlight an organization in my community that is tasked with just such a mission.
Have you ever asked a friend for a mechanic recommendation and they say, “I have a guy.” Or when you tell another friend that you’re looking for advice on a problem they say, “I know this gal who is an expert.”
I met with our accountant recently to review the tax returns associated with our properties. One of the questions that came up was why we immediately paint most buildings we’ve purchased. It’s been a reoccurring theme and one I was excited to discuss.
We spend our lives with risk.
There is everyday risk like driving to and from work, school, or some event with our spouse. At any moment, we put ourselves on the road with other people who may or may not be in full control of themselves whether it be from alcohol, lack of sleep, or relationship induced stress. Some of these people are just plain morons who should not be allowed to drive - but they're given a license anyway and we willingly chose to get on the road with them.