Charlotte Property Management Weekly: Hoop Dreams & Lottery Ticket Listing Agreements
“Sure your home will sell. Besides (wink, wink), do you really want some dirty tenant destroying your house and using the would-be rent money to up fit their new meth lab?” (“Aggressive” Charlotte Realtor pushing for a “sale only” listing agreement)
“Everything became pretty clear at that moment. Being a rock star looked like a great job.” (Singer Tom Petty reminiscing about meeting Elvis Presley as an 11-year old)
Learn MoreCharlotte Property Management Weekly: “(Real Estate) Investing with the Stars”
“What do I look like to you? A moron? Don’t answer that… But seriously, my real estate investment properties are illiquid and have declined in value. You still say I should double down?” (Charlotte Real Estate Investor)
“Buy straw hats in the winter…” (Russell Sage, Wall Street Financier)
Buying (and selling) at the right time is the heart of many popular Wall Street mantras on how to become wealthy
Learn MoreCharlotte Property Management Weekly: Tenant Tradeoffs: Another Piece of Chocolate Cake or Look Good With Your Shirt Off?
“I don’t like the prior bankruptcy on this prospective tenant, but they make great income. The other tenant has a 430 credit score, but has perfect landlord history. Should I accept either into the property?” (Charlotte Property Manager)
“If you can’t be with the one you love, love the one you’re with.” (Crosby Stills Nash & Young)
One of the main things I learned during my MBA classes was that business, like life, is all about tradeoffs.
Learn MoreCharlotte Property Management Weekly: Sarah Palin- A Huge Rent-To-Own and Seller Financing Fan?
“I need to do something to sell my empty house NOW.” (Unhappy Charlotte Landlord)
Moderator: “Who do you think was at fault? I start with you, Gov. Palin. Was it the greedy lenders? Was it the risky home-buyers who shouldn’t have been buying a home in the first place?”
Sarah Palin: “Darn right it was the predator lenders!” (VP Debate vs. Joe Biden 10/2/08)
Learn MoreCharlotte Property Management Weekly: Retail Lessons on How to Sell the “Little House on the Prairie” in Today’s Market
“Oh, I wish a buyer would buy my house now…” (Many anxious Charlotte home sellers)
“Oh, I wish I could buy a house right now…” (Many anxious Charlotte renters)
Retailers are getting a really bad rap these days. Their sales figures are low, profit margins are terrible (they have to discount everything to move it), many are going into bankruptcy, and Wall Street is punishing their stocks.
Learn MoreCharlotte Property Management Weekly: Interpreting Signs in New Testament Times & Today
“The real estate market is coming back!! Did you see the news last night? The Fed and Obama say the recession is over. They’ll be buyers for my house in no time!” (Charlotte Landlord)
“…When evening comes, you say, ‘It will be fair weather, for the sky is red,’ and in the morning, ‘Today it will be stormy, for the sky is red and overcast.’ You know how to interpret the appearance of the sky, but you cannot interpret the signs of the times.” (Jesus Christ, recorded in Matthew 16:2-3)
Learn MoreCharlotte Property Management Weekly: Rental Incentives with Dennis Rodman
“I’ve had my home listed with my real estate agent forever! I didn’t figure it would sell in this market, but he has it up for rental and rent-to-own as well on MLS. Still, there are no takers yet. What gives???” (Charlotte Landlord)
Dennis Rodman was one of the most prolific rebounders in NBA history, a 2-Time All-NBA Defensive Player of the Year, and an integral member of five championship teams. Known affectionately as the “Worm”, his off the court antics were even more noteworthy.
Learn MoreCharlotte Property Management Weekly: “To evict or not to evict” OJ Simpson
“If the glove doesn’t fit, you must acquit.” (Johnnie Cochran- OJ’s lawyer)
“If the tenant doesn’t submit (payment), you must evict?” (Anxious Landlords)
From a drama perspective, OJ Simpson’s (first) trial was great theater. It had a thrilling beginning (who could forget the white Bronco chase on the interstate?) and it immediately captured the nation’s attention. The story was televised 24-hours a day and reporters energetically followed every lead and generated hundreds of side stories (the “Dancing Ito’s” anyone?). The public was excited, and then the trial got past its first week (which turned out to be the first of around 60 weeks). Whew!
Learn MoreRenting McDonald’s-Style- “Do you want Fido(s) with that?”
“No, we will never allow pets in our rental home! They are destructive, the arch-enemy of nice carpet, and borderline evil. In fact, my Uncle Jeb’s ex-wife got a dog and ran away with Fido 6 months later!”
OK- this conversation might not have happened.
McDonalds’s stock in the mid-1980’s was struggling
Learn More2 Points & Hot Chicks- The Rental Market According to Stanford Financial
“I know the market rent is $1,195/month, but I need to bring in at least $1,300. Can’t we list my home at $1,400/month?”
Allen Stanford, the founder of the now disgraced Stanford Financial, had a fail-safe method on how to bring new clients into his firm.
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