Charlotte Property Management Weekly: Santa Claus, Unicorns, & Risk Free Transactions (Or “How to Risk Manage Yourself Out of a Living”)
“I can’t do lease options. They are way too risky!” (Concerned Charlotte Realtor)
“That’s why it’s a short cut. If it was easy, it would just be the way.” (Paulo Costanzo in Road Trip)
Learn MoreCharlotte Property Management Weekly: Which is Better? Colts or Saints? Sale, Rental, Rent-To-Own, or a Combination?
Super Bowl time is here which means there will be rampant speculation about which team is better. Most people from Indianapolis don’t think there is anyway Peyton Manning will let them lose, while New Orleans fans think that destiny is on their side. Of course, no one knows exactly who is right, but that doesn’t stop them from arguing about it non-stop for two weeks.
Learn MoreCharlotte Property Management Weekly: Getting Paid- A Growing Problem for Everyone! (Except Realtors & Clients Doing Lease Options)
The biggest symptom of our current economic problems is that people don’t have the money to pay their bills. Think about it. Why is the FHA in trouble? It’s because the home owners they lent to couldn’t pay. Why did the banks need to get bailed out? It’s because the clients they lent to couldn’t pay. Why are many businesses going under? It’s because their customers are businesses that are going under (because they didn’t get paid).
Learn MoreCharlotte Property Management Weekly: A Realtor’s $100K Case for Rent-To-Own- It’s All About the BATNA
Example: OK, Mark just asked you out. Do you say “yes” and go out with him this week? He’s average looking and needs to trim his nose hair, but he seems sort of funny. If you say “yes”, you’ve got a date (and a free meal) on Friday night. If you say “no”, you might be sitting at home alone (again) this weekend watching TV and listening to your friend, Molly, complain about her awful life for an hour over the phone. Oh geez, it could get worse; Molly might feel inclined to stop by if she knows you’ll be home…
Learn MoreCharlotte Property Management Weekly: The Tipping Point is Coming- Are You Prepared for Lease Purchase?
“I understand that qualified buyers are becoming scarcer by the day. More and more houses I list are sitting vacant on the market while the owner eats the mortgage every month. Do I just tell them to wait for the market to come back or is there something I can do?” (Charlotte Realtor)
“In sociology, a tipping point or angle of repose is the event of a previously rare phenomenon becoming rapidly and dramatically more common. The phrase was coined in its sociological use by Morton Grodzins, by analogy with the fact in physics that adding a small amount of weight to a balanced object can cause it to suddenly and completely topple.” (Wikipedia definition of “tipping point”)
“The Times They Are A-Changin’” (Bob Dylan)
Learn MoreCharlotte Property Management Weekly: Sales- You Gonna Do It the Hard Way or Like Rick Pitino?
“I’m okay at sales. I send out 1,000 postcards and call all my internet leads every month. I’m just trying to figure out how to convert more of them this year.” (Pensive Charlotte Realtor)
“That’s right! You’re not your dad. He could sell a ketchup popsicle to a woman in white gloves.” (David Spade to Chris Farley in “Tommy Boy”)
“Put. That coffee. Down. Coffee’s for closers only.” (Alec Baldwin in “Glengarry Glen Ross”)
Learn MoreCharlotte Property Management Weekly: Thankful for an Awful Year: Next Top 2 Business Takeaways from 2009 (Part 2)
“The MacArthur Foundation gave out its annual genius awards. This year’s awards went to a journalist, a mental health scientist, and a couple who sold their house three years ago.” (Conan O’Brien from The Tonight Show with Conan O’Brien)
“Have yourself a merry little Christmas. Let your heart be light.” (Ralph Blane)
In last “Charlotte Property Management Weekly’s” episode, I discussed the first two takeaways from businesses looking to survive this tough economic environment. This article will focus on the other top two business adjustments I’ve seen businesses take in 2009. Without further ado, they are:
Learn MoreCharlotte Property Management Weekly: Thankful for an Awful Year: Top 2 Business Takeaways from 2009 (Part 1)
“Oh… Deck the halls with boughs of holly (picked for free from the yard), fa la la la la, la la, la, la… ‘Tis the season to (fake) be(ing) jolly, fa la la la la, la la, la, la… (“Unthankful” Charlotte Business Owner)
“…give thanks in all circumstances…” (1 Thessalonians 5:18)
“Left a good job in the city
Learn MoreCharlotte Property Management Weekly: Can You Beat UNC Coach Roy Williams in a Pie-Eating Contest?
“I’m not making any money. The economy is killing my firm. I’d be lying if I said I wasn’t in anything but survival mode at this point. My New Year’s resolution this year is to be able to make a 2011 resolution with a roof still over my head.” (Charlotte business owner)
“Creativity without implementation is irresponsibility.” (Ted Leavitt at the Harvard Business School)
Learn MoreCharlotte Property Management Weekly: Jack Welch is Envious of Your Real Estate Firm?
“I’m not sure what we are going to do… Revenue is down and costs are the same. We are scraping by on a few first-time home buyer sales that come through. Worst of all, my employees are having a hard time making a living in this traditional brokerage business model.” (Frustrated Charlotte Real Estate Firm Owner)
“Most small companies are uncomplicated, simple, informal. They grow on good ideas regardless of their source. They need everyone, involve everyone, and reward or remove people based on their contribution to winning.
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