From Perfectionist to Powerful!

“Your level of success will rarely exceed your level of personal development, because success is something you attract by the person you become.”

~ Jim Rohn (From: The Miracle Morning)

Do you know the two biggest differences between perfectionist and powerful? Delegation and Outsourcing.

Let go of that control and trying to deliver the product with i’s dotted and t’s crossed. It’s not your job. Your job is to move mountains, build companies the size of kingdoms and focus on changing the world. Get out of that comfort zone and grow with strategic partnerships and bringing the right people to do the right tasks. Because “I wish I had worked IN my business as opposed to ON my business” said no successful entrepreneur ever!

Lessons Learned From Theft At a Project

“The fight is won or lost far away from the witnesses, behind the lines, in the gym, and out there on the road; long before I dance under those lights.”

~Muhammad Ali

True profitability is hidden in the unglamorous behind the scenes work that goes into making projects successful. 

Speak Up, Loudly And Often

The survival instinct is what is now failing us. It makes us sell ourselves short, think we cannot do something, not take care of ourselves and let our emotional and physical well being or even financial independence go because we think we will be loved more as flawed, imperfect people so we aren’t challenges.  It’s time for us to listen to our own selves and understand the impact of speaking up in our personal, professional and philanthropic lives. This isn’t just an abstract motivational subject, it is an essential skill-set to make a difference in our own lives and the lives of people around us.

Four Advantages to Self-managing Passive Rentals

Over the course of the past few years, I've come to realize that managing one's own properties isn't just to save money, it has other advantages as well. With process streamlining and outsourcing key elements of property management, the tenant landlord relationship can be some thing an investor can maintain without a lot of time commitment. Here are the four key advantages that aren't always apparent.

How to Choose your First Investment Property

Have you considered investing money into a passive rental for additional income but not sure where to start? This blog post is a peek into how I choose properties to invest in. The number one thing to remember is that picking a passive rental different than choosing a home for yourself to live in. When it comes to investing in a passive rental, it is all about numbers and not about falling in love with the property. Though the analysis is complex, I have broken my strategy down into four key components for simplicity. 

Dare to dream big!

“The great danger for most of us lies not in setting our aim too high and falling short; but in setting our aim too low, and achieving our mark."

~Michelangelo

This blog is a case against hustling! The biggest reason why I am making this case is because I believe that hustling to grab every low hanging fruit, stops us from dreaming big. To dream big, one needs to get away from the mental clutter that comes with taking on every money-making opportunity, without an eye on long term growth. As women, we are especially conditioned to take on all of the tasks and not outsource - multi-tasking is supposedly our strong suit. Social media bombards us with messages that tell us that we have to be successful in every single aspect of our lives, keep all the balls in the air and do a somersault at the same time. I'm here to tell you - let some of those balls drop. As Miles Davis famously points out "It's not the notes you play, it's the notes you don't play." De-clutter that to-do list, clear your mind, focus on the big picture.

Five Steps to Finding the Right Contractor

With careful consideration, cooperation, and continuous communication, finding and building a long-term relationship with the right contractor is possible. Most importantly, it can be a key piece to building your own real estate investment business.

All about REOs

One of the acquisition strategies many seasoned real estate investors swear by is REO properties. However, it is a very challenging field to step into and requires patience, relationship building, and risk taking that might not be for the novice investor. There are certain aspects that one needs to be aware of when trying to acquire an REO property. Perhaps the most important aspect is that investing in the REO market is a strategy that requires a high level of sophistication and diligence. The learning curve is far beyond what most people realize. This overview is intended to get you familiar with complexities the REO property market.

The Unbearable Liberty of Entrepreneurship

“What would you do if you weren't afraid?”

-Spencer Johnson

Why do smart people choose to make money for others by working for them? Because the liberty of entrepreneurship comes at a price. To get that liberty – setting your own goals, making your own decisions to benefit your own ideas – means giving up the ease provided by the low risk cycle of traditional career paths. Living passionately and giving something your all means getting out of your comfort zone, steady paychecks and all. For me the biggest challenge was being okay with being different, because becoming an entrepreneur really gets you out of the box.

Landlord Roles and Responsibilities

Contrary to popular opinion, a landlord’s roles and responsibilities comprise of much more than just collecting rent. On an ongoing basis, landlords need to stay on top of the current landlord-tenant laws - every municipality, state, and country has different laws regarding the landlord/tenant relationship. Additionally, landlords are often sales people, mediators, handymen/women, and negotiators. Being a landlord can be a complicated and requires relationship management above all else. This is a list of some of a landlord’s general duties and tasks. 

Four elements on Choosing a Property Manager

Good property managers don't just provide a peace of mind, they are an ally in establishing and maintaining profitability as well. As with most investments, a cost-benefit analysis can be applied to choosing a property manager. If the chosen property manager’s cost is outweighed by the ability to maintain your peace of mind and your bottom line, you’re probably making the right decision.

Home Inspection Tips for Investors

There are a lot of things to consider when choosing an investment property. With the multitude of aspects to keep in mind, there are certain hidden damages in properties that are easily overlooked by an investor. Upcoming mechanical failures, problems inside crawl spaces or behind siding, roofing, and certain structural damages are examples of valuable information that may not be so obvious to an investor. If not found early on, these can easily change the return on investment for a property. A seasoned home inspector can catch these items.