USA Today and The New York Times (among many others) have published
articles about the Baby Boomer generation starting to pass down treasured
heirlooms to their GenX and Millennial children. Unfortunately, those
trinkets and other items are being looked upon with some disdain.
We don’t want them.
We don’t value these items the same way our parents did or their parent’s
generation did. ...
In the Beginning…
I was full of excitement after reading T4HWW and I made some immediate
changes to my life. These changes included:
1. The Low Information Diet – I reduced the amount of print and
television media I was bringing into my life. Previously, I read three
newspapers daily and watched the evening news. That’s a lot of time spent
on subject matter that I can’t control and that was putting ...
In May of 2017, a tenant at our Rosewood Retail property moved out.
Spokane Vitamin Supply had been in the building for more than forty years.
We had only owned the building for seven years, so we didn’t enjoy their
entire run of tenancy. The business had changed ownership at least twice.
In our records, there was a transfer of ownership in 1993 to Mr. Smith (not
his real name). Then ...
Roughly six years into the ownership of our Rosewood Retail property, one
of the partners decided she wanted to sell out. A couple years prior,
Bobbi (not her real name) had gone through a divorce and a year later
relocated to another state. She was involved in another partnership with
us and had chosen to sell her portion of ownership earlier. It had gone
very well for her as detailed ...
I stumbled across Grant Cardone on YouTube. Cardone is a motivational
trainer and a real estate advisor. I don’t remember what topic I was
researching when I first discovered him but there was a video for Cardone,
so I clicked it. The guy was full of energy and charisma. I liked his
message and filed away the name.
Then another visit to YouTube for another topic and yet another Grant
As time moves forward, things will change at any investment property. You
are incredibly lucky if your tenants stay in place for a multitude of years
and steadily pay rent. This reduces the associated costs and headaches of
At our Rosewood Retail property, everything proceeded nicely for about two
years. Then we were approached by one of the tenants who stated they
wanted to terminate their lease early.
The medical billing ...
It’s embarrassing to admit, but when I was a property manager, I didn’t
know how to invest in commercial real estate. In my area, most property
managers don’t own investment real estate. I’d imagine that trend
continues beyond my part of the country. Perhaps it’s because property
managers spend so much of their work time around real estate that they
don’t want to do it on their personal time. Maybe ...
Earlier this year, I wrote the post You Are What You Read in which I
discussed the well-documented argument that successful people read
I also talked about my reading plan: For every book I read for pleasure, I
will read one book for education.
Since today is New Year’s Eve, I thought I’d share my reading list for the
past year and what I learned about myself. Before I do that, though, ...
If you’re a fight fan, you may have watched the much-hyped spectacle of
Mayweather – McGregor this past weekend. If you don’t like combat sports,
you probably heard about the big fight nonetheless. Floyd Mayweather, one
of the best boxers to ever step in the ring, squared off with Conor
McGregor, the biggest name currently in mixed martial arts. McGregor
fought by boxing rules (no kicks or wrestling), so it ...
I’ve been reading about habits lately and will soon share my thoughts on a
couple fantastic books. First, Rich Habits by Thomas C. Corley is a quick,
easy read and can be knocked out in an afternoon. The second, The Power of
Habit by Charles Duhigg is a more in-depth study of habits. I read it two
years ago and felt a need to re-read it again due to my ...
Posted: Aug 11 2017 @ 6:54 PM
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