In this week’s episode, Robby and Chase segue beautifully through a number of topics ranging from dealing with Ohio fast tracks foreclosures and Chicago foreclosure nightmares to contemplating what they can apply to their own businesses from billion dollar companies such as Netflix & Zappos, who have created & maintained amazing company cultures centered around freedom, excellence & paying your great employees what they’re worth.

Things get started discussing some assets up in Chicago and Ohio that have been going through the foreclosure process for a while now and have been tied up in a court nightmare in Cook County.

However, Chase brings to light that there is a Fast Tracks Foreclosure bill that is running through Ohio legislation right now that will potentially speed up the process to as little as 6 months so there is light at the end of the tunnel. The State Government seems to finally be concerned about these blighted properties and their effect on increasing crime rates and decreasing property values. Robby and Chase contemplate why they haven’t taken a more common sense approach sooner with these vacant & abandoned properties the bill is targeting. There’s a community crisis on a national proportion with these blighted properties and this bill is about the preservation of national real estate on a more macro level.

Also called into concern is the CFPB’s (Consumer Financial Protection Bureau) $15.3 million dollars spent on internet ads and general advertising, which is coincidentally managed predominantly by the same advertising firm that runs President Obama and Hillary Clinton’s Ad campaigns.

One of NoteMBA’s past guests, the great Dave Van Horn, recently published an article on BiggerPockets relating to some of the challenges presented by these last two topics. It’s titled, “7 Common Challenges to Real Estate Note Investors” and goes over compliance issues, collateral issues, allonges & employing legal counsel among other things. There’s some great insight to bolster your understanding of the industry which will give you firepower when talking to your potential JV investors.

After that, they dive into the Netflix Culture Manifesto and how this is a must read for anyone that is thinking of adding individuals to their business. Netflix’s & Zappos’ take on employee compensation, unlimited vacation time, and not tracking hours is a pretty great revelation for someone looking to grow and scale their business.

Finally, Robby and Chase discuss Ryan Holiday’s new book, Ego is the Enemy, their summer conference schedules, the pitfalls and benefits of AirBnB investing, and Chase’s recent 2 hour webinar on blogging for business that is accompanied by a 22 page eBook (Feel free to email Chase for more info on this at chase @ notemba.com).

Ultimately, Chase and Robby agree that you need to continue to learn how to sharpen the knife and make it simple in order to grow your business successfully!

If you have any questions for us or comments send them our way at [email protected].

Listen to this week’s show and learn:

• Wait, How Much Is The CFPB Spending On Advertising
• The Manifesto Netflix Uses To Build Company Organization
• Ohio Fast Tracks Foreclosures Process
• Why AirBnB Might Be An Additional Exit Strategy

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Thanks for listening to our show! We’ll be back next Wednesday morning.

Cheers,

Chase & Robby