What’s in a name?

What’s in a name?

  I was reading a thread online this week in which a real estate professional was questioning why an investor would create a company instead of running a sole proprietorship using their own name.   That’s a great question. And for many real estate professionals, it could be somewhat confusing because we see a lot of brokerages named after their owners. Take one of the biggest names in realty today:…

Business and the beach

Business and the beach

  Here’s my current situation: I’m in Fort Walton Beach Florida. As the waves roll in, their sound makes a constant yet subtle roar that I’m sure was designed by The All Mighty to soothe the soul. The bleached white sand gently tapers down into clear, light blue water that mixes with varying shades of green as you move deeper into the Gulf of Mexico —  I now understand why…

Six degrees and six vacancies… Oh shazbot!

Six degrees and six vacancies... Oh shazbot!

Six degrees and six vacancies… Oh shazbot!   It’s six degrees outside. Well not exactly. Technically it’s in the teens, but with the wind chill, it feels like six degrees. Needless to say, this is not normal weather in Georgia. There’s ice and snow everywhere. And as I lay in bed this morning, all I could think about was all the ways this weather could affect the six vacant houses…

You need to protect your assets, trust me

You need to protect your assets, trust me

You need to protect your assets, trust me:   When people are getting started in real estate, they often assume they need to form an entity like an LLC or an S corporation first thing. The two main reasons for this are to protect their assets from lawsuit and to take advantage of certain tax breaks.   In my opinion, due to formation and maintenance costs, neither of these entities…

Attorneys are people too

Attorneys are people too

Attorneys are people too:   There’s a movie I really like called “The 13th Warrior.” It’s based on the epic of Beowulf with a few twists. There’s an extra character, played by Antonio Banderas, who ends up being the epics author.   Another twist happens with Grendle. In the epic, Grendle is a humanoid-ogre type beast who appears at night to fight and feast on the warriors sleeping in the…

Credit Fraud

Credit Fraud

Credit Fraud:   I can’t stand a thief. Call me crazy, but I’ve always felt it’s more natural to go to work than to try to take something that’s not yours.   In this day and age, thieves are getting smarter and working harder to take what belongs to you. This past month, I received a strange letter in the mail. It was from the IRS. Any time I get…