Success over Stress

Unscripted account of whats going on in my rental world these days. No stress!!  This time I talk about being mindful of your schedule and building in wiggle room.

Is Formal Education Necessary to be successful?  Let's talk about it.

Make sure that you have a clear set of rules when you purchase properties.  Don't deviate from your rules.  This will be the platform on which you make your purchases!!  Buy Low, Force Appreciation.

Having good credit makes you a  great addition to any banks clientele. Check your score and use that credit as leverage of your good choices!!

To get ahead of your financials, you need to get a hold of your financials. Take a look at yourself..If you feel like you have control of your spending and you are only spending based on sound principles then congratulations, you're half way there. But if you don't have a budget, or think you're much too savvy to plan how to spend your money...

Henry Ford's quote is so powerful because it so well illustrates how being focused ensures that you are ever moving toward your goals.  Let me make this clear, wishing, hoping and praying something happens is not enough for it to happen.  You then have to take that willpower and see it through with action..in the REALWORLD. This podcast is with the help of Carlos Bannister.

What do you do when you're on vacation and you get a phone call about a clogged commode. I get a call from a tenant who usually is not worrisome.  He says there is sewage coming into the tub mostly when the washer drains..Either way it's a disaster.  After some thought and research online I see that it may be backed up at the street..A city problem. city comes out and checks it out. sure enough, city problem.  Moral to the story is......

Knowing this number if vital to the health of your financial position. 

Assets are goods, entities, accounts that add to your pocket.  Liabilities are any of the above accounts, that take away from your pocket.  The assets minus the liabilities leaves your networth.  If you have a lot of debt...school, cars, credit cards...Yet you don't have many assets (objects of value)..then your networth is likely to be lower.

Management is the operative term with property management.  With professional property management, you need to be sure to vet the company for the 3 P's:  price, performance, and professionalism.  No owner wants a PM company to mishandle their clients, aka tenants.  The company has to perform well, receive rents timely, pay you timely, manage contractors, etc.  Price should be a consideration but the adage, you get what you pay for is certainly true.

Be more effective & reach higher levels of success when utilizing tools of time management.   This is one of those life hacks that always works.  It's hard to implement but worth it in the long run.  Guest, and long time friend, Jermaine Royal has input on the topic.  Enjoy.