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From The Blog...

August 18, 2017

5 Minute Friday

Good morning, Everyone! Here is your weekly 5 Minute Friday, highlighting a couple of the questions or issues posed to me this week. From Peggib:   If a tenant moves out without telling you, cleans out cabinets, closets etc.  and leaves the key but also leaves some crappy furniture behind, are you required to store said items or can you just haul them away?  In this case, the tenant was a tenant at sufferance, but does that make any difference in your responsibility? My Response: Peggi–Thanks for the question.  You just brought up a situation which almost every landlord and property manager has found themselves embroiled in at one time or another.  This falls into the category of possible abandoned personal property.  However, it’s not always so straight forward.  Keeping in mind this is certainly not legal advice and may conflict with the State or local ordinance where your property is location, […]
August 10, 2017

5 Minute Fridays

(No, the title picture isn’t tilted by accident, it is intentional.  Interrupting Broca’s Region of the brain with unusual visual stimuli wakes up our brain matter.) Starting next week, I’ll be posting some fun new items for your consumption.  I’ve been asked to do this for some time now, and fortunately the schedule has cleared up enough to do it thanks to streamlined processes added this Summer. Here’s what is coming for you: 5 Minute Fridays (yes, 5 balls in the air…..) This is where I’ll be answering your quick questions in a rapid fire format.  What questions are fair game?  Questions which can be answered in  5 minutes or less, hence the name.  So, pleasse, no long drawn out deep rabbit hole questions.  (For those scenarios, you’ll be best served with this link http://danbaldini.com/resources/private-client-consulting/)   I guarantee that if you’re thinking of a question about your rentals or your property […]
August 3, 2017

Waikiki Waves + iphone6 = new iphone7 + Process Interruption….what a beautiful mathematical equation, eh?

Ahhhh….Paradise.  Waves, surfing, sunshine, sushi, and luau’s. This is the story of how I recently re-learned the principle of Process Interruption. I took the family on vacation to Hawaii this Summer; truly is Paradise on Earth.  One sunny afternoon, as the wifey and I are lounging on the beach, sipping Mai Tai’s, and watching the kids play with their boogie boards in the waves, she looks up from her book and says to me,”Why don’t you go in the water for a bit and join them?”  So I get up and go down to the waves and do what middle age men do best–I proceed to play like a big child in the waves with them (I gave up caring long ago what most of society thinks of my behaviors; the freedom is liberating…you should try it sometime.). And just like happens with little kids, after 15 minutes of frolicking […]
July 25, 2017

Meet your New Landlord: Wall Street

The Backstory to Now…. Clients who hire me to coach them before and during their first investment property transaction ask how and when and where all the money came from Wall Street to buy so many thousands of rental homes.  Answering them takes patience and detailed explanations as this is the first time in history such a platform of investment has occurred on such a massive scale. This WSJ article does a solid job of discussing the backstory, the history, and leads with some hints about where the industry of property leasing is headed.  After all, big investors have plopped $40,000,000,000 into buying 200,000 houses as rentals. Some questions for you to ponder as you read the article: As a small, private investor:  How can you compete with these powerhouse-landlords on pricing, marketing, and profit margins? As a property manager:  What lessons can you take away from the article on […]
July 21, 2017

Respect. It’s all about Respect.

This article might strike you as a bitch-and-moan session, and it is that in one bit, but please read through to the end as it’s quite valuable.  I promise. Arethra Franklin nailed it with her legendary song…”Give me a little respect….”  {It’s OK if her voice just popped into your head and you started wiggling those hips around and your index finger started pointing up in the air. Move and Groove, baby….} Earlier this week, I attended a “mandatory” training session for a group I joined.  The training session was to give new members a platform to ensure success in the group, so “training”, right? Registering and attending cost me a nominal amount of money but it also cost me, most importantly, 3 hours of my time from 3:00 until 6:00 pm on a business day. Three hours of prime time to do other tasks like Prospecting, Strategic Planning, or […]
 

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