Archive
Do it wrong, do it long When I was in middle and high school, I was on the football team. Notice how I intentionally phrased that statement. Let me explain. When I was in middle school, we lived in a little town in Madison County called Hull on the outskirts of Athens Ga. As such, I went to Madison County Middle School. There, I wasn’t just on the football team, but I actually...
Kill it, or keep it? I’ve written to you before about the story of the goose and the golden egg. Just to remind you, it’s about a poor farmer who discovered he had a goose that would lay a solid gold egg each day. The farmer would sell that egg and then live lavishly off the proceeds. Eventually, he became impatient with receiving only an egg a day and decided to lop of the goose’s head...
Real estate is not a house business This statement may sound counterintuitive, but real estate is not a house business — it’s a people business. It just so happens that the setting in which you are interacting with the people includes houses and mobile homes. But think about it — without people wanting to rent, sell and buy the houses, the properties themselves wouldn’t have any value....
Explaining the four jobs of a tenant I’ve written to you many times about how we “hire” people to do the four jobs of a tenant. And I’ve said those fours jobs are the standard by which we choose our tenants and also how we decide to “fire” them when they’re not performing. And just to remind you, the four jobs are: 1. Take care of the house. 2. Pay on time. 3. Be comfortable to...
I felt like I was lied to Today I want to share something with you that is interwoven with real estate, but is really a message I hope that you’ll share with the younger people in your life. It all started when I stopped by a flip project this week and began talking with my lead man, Charles, about a recent article he had read about the shortage of skilled labor in our country. And...