Jack Jill Divide Conquer in Acquisitions Sales (JJ 693)

Transcript:

Jack Butala:                         Jack and Jill here.

Jill DeWit:                            Hi.

Jack Butala:                         Welcome to the Jack Jill Show, entertaining real estate investment talk. I'm Steven Jack Butala.

Jill DeWit:                            I am Jill DeWit, broadcasting from sunny southern California.

Jack Butala:                         Today, Jill and I talk about how we together divide and conquer in acquisitions and sales. The whole premise here, I think, is if you have the opportunity to partner up with somebody who is better at or more interested in doing one side or the other side of anything really, real estate investment wise, my opinion is you're going to do better.

Jill DeWit:                            Well, what one person can ... I can't think of anybody that can ... You can't be perfect at it all.

Jack Butala:                         Well, you're going to run out of a time at some point.

Jill DeWit:                            Well, that too.

Jack Butala:                         No matter what.

Jill DeWit:                            Our energy and ... Yeah, I agree.

Jack Butala:                         There's ups and downs in everything, so I just think ... I don't know. It seems to work for us. I've always had business partners in the past for things that I've done, for better or worse, but I'll tell you. It sure, I think, just from my personality, it works a lot better.

Jill DeWit:                            Remember my dodge ball reference?

Jack Butala:                         No, go ahead.

Jill DeWit:                            This is how I see how we operate. It's like how you and I run our business and do things, it's like picking members of a dodge ball team.

Jack Butala:                         How do I not remember this?

Jill DeWit:                            Because its like ... Remember when you're in, I don't know, third grade playing dodge ball. Everybody lines up and you're one of the captains and there's the other captain and you're picking first the best players and then you got to divide up what's left over. So that's how we are. It's like if you line up everything about our business, Jack and I are pretty good. We sit there and go, "All right, you're good at that. Acquisitions go to Jack's team. I'm good at sales. Sales goes to my team." Then we get down to the crap that's left over, for lack of better words. It's like, "Well, all right. I'll handle the phones if you handle the tech piece," kind of thing.

Jack Butala:                         Right. God, that's true.

Jill DeWit:                            Isn't it funny?

Jack Butala:                         Then there's that one kid at the end.

Jill DeWit:                            Exactly, that nobody wants.

Jack Butala:                         It'd be better if they weren't there at all.

Jill DeWit:                            Exactly. We're like, "I'll take him today, you take him tomorrow." "Okay, fine."

Jack Butala:                         Whats the equivalent of running a business from that?

Jill DeWit:                            Personnel.

Jack Butala:                         I was going to say something else.

Jill DeWit:                            We've got a lot of people go.

Jack Butala:                         Personnels.

Jill DeWit:                            You know what I mean.

Jack Butala:                         You didn't even hesitate.

Jill DeWit:                            No, that's all I ...

Jack Butala:                         You didn't hesitate on bit.

Jill DeWit:                            No, stuff just happens. See? Nobody wants to do it. That's the sad thing too. I mean we got to include that kid. Come on, there's always one that can't throw a ball or can't run or something.