We don’t do short term rentals “Mr. Insurance man, we don’t do short term rentals.” This was an actual conversation I was having this week when we got approached by an insurance company looking for a rental for one of their clients. The client’s situation was they had had an accident that had destroyed their home. And when I say destroyed, it was a total loss. They were...
Negotiating
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Dealing in benefits
Dealing in benefits I was out door knocking recently, and I came across a seller in a precarious position. You see, she was thousands of dollars behind on her mortgage, she was older and the house was too much for her to take care of. Oh, and she was two and half weeks away from being foreclosed on. When I first knocked on her door, she admitted she knew she was in foreclosure but...
King me
King me The other day, I was having some alone time with my 8-year-old, and he wanted to play a game of checkers. As we got the game out, which was one of those nice wooden ones, I noticed that we didn’t have all of the wood playing pieces. My son looked at me sheepishly and confessed that he had lost some of them. But he told me not to worry and said he would fix it so we could...
Just because you can, doesn’t mean you should
Just because you can, doesn’t mean you should I was talking to an investor friend, recently, who was facing a conundrum. You see, he had become very specialized in one area of real estate. And the strategy he’d been using to buy on auction platforms, do minimum rehabs and resell was no longer working. Referencing the book by Spencer Johnson M.D., my friend said, “My cheese moved.” ...
Empathy versus sympathy
Empathy versus sympathy Empathy and sympathy are two very similar words that have related meanings. They both have to do with understanding someone else’s feelings. That being said, you have to focus on one versus the other when it comes to making offers. The late, great, Zig Ziglar has a story he uses to illustrate the difference between the two concepts. He talks about when he...