This is Your Company not a Side Hustle (LA 1818)

Transcript:

Steven James Butala:

Steve and Jill here.

Jill K DeWit:

Hello.

Steven James Butala:

Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala.

Jill K DeWit:

And I'm Jill DeWit, broadcasting from sunny Southern California.

Steven James Butala:

Today. Jill and I talk about how this is your company, not your side hustle. I love this topic. Jill and I were talking about it earlier, because we are really, for some reason in 2022 here attracting people that want to make a massive change in their life and make a bunch of dough.

Jill K DeWit:

The right people.

Steven James Butala:

Yeah. Instead of let's see what happens and I'm not sure. I just kind of want to make extra money on the side.

Jill K DeWit:

Right. I mean, I'm not going to be that serious about it, because I've got this going on, which I understand.

Steven James Butala:

I do too, and I love this level of commitment.

Jill K DeWit:

Yeah.

Steven James Butala:

This topic came out of a total different conversation Jill and I were having just in life about commitment and follow through.

Jill K DeWit:

Welcome to my world.

Steven James Butala:

What would you rather be talking about?

Jill K DeWit:

Where we're going for dinner tonight? That's what I'd rather be talking about, not commitment.

Steven James Butala:

Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community. It's free, and I hope you know by now Jill and I instruct a class, a 10 unit, 10 week class called Career Path, which is very specifically for the topic we're talking about today. If you want this to be your career, not necessarily your side hustle, this might be for you. Please check out [email protected] and ask them all kinds of questions.

Jill K DeWit:

Cool. Nicholas wrote, "Question. I'm in the process of pulling a list from DataTree. When I'm messing with the filters, there's a change in the numbers. When I change the living area square foot and the assessed improvement, the assessed improvement gives me a smaller number than the living area. Do I keep both filters on or just one?"

Steven James Butala:

Nicholas, I know you're new, and I put this question in here for the benefit, obviously, of everyone. I can tell by this type of question you're going to do very, very well at this. This is a very extremely intelligent question for a new person and I will explain. I'll answer your question. In DataTree, which is owned by First American Title, they were all nice enough to write an amazing piece of software that gives us really organized access to an assessor's data base. That's what we're looking at. There are 3,200-

Jill K DeWit:

3,144-

Steven James Butala:

3,100-

Jill K DeWit:

Roughly, approximately-

Steven James Butala:

3,124-

Jill K DeWit:

Counting some parishes.

Steven James Butala:

Townships, like Jill said, counties and in Louisiana parishes that generate their own little database to make sure that they can have control over and they can effectively tap property tax areas, property in their jurisdiction. And so during the course of that, if you can imagine, most assessors are elected. And so they have a time and then they leave, and then another one gets elected, and so they go in and so... Each assessor manages that data based on how important it is to them, or how important it is to their board of supervisors.

Jill K DeWit:

And there's no... What am I trying to say? Lists of qualifications I think they have to have going into it, like I have a PhD in tax history.

Steven James Butala:

I mean, or-

Jill K DeWit:

Pretty sure that I wish they would, but I'm pretty sure they don't.

Steven James Butala:

Do you look good in a cowboy hat seems to be one of the criteria for assessors, which I kind of respect. There should be, in my opinion, maybe, can you pass an eighth grade math test?

Jill K DeWit:

That would be nice.