Success over Stress

We all love to make money especially quick money.  You could have certain done this with a crystal ball and a trading account.  MSGM would have made you lots of money.  Hindsight right!!  Well, lets talk about what exactly penny stocks are and how they behave.  More specifically lets talk about the MSGM move.  Was it warranted?  Will it sustain? 

The recent acquisition of Twitter by Elon Musk is a fantastic way to illustrate how business moves can impact your personal life.  Very shortly, people at this company will be losing their jobs on a large scale.   This unemployment is just one of the many metrics used to determine the strength of the economy, and consequently the strength of your spending dollar.  On subsequent podcasts I will include business metrics and data specifically about the companies referenced. Please subscribe if you found value in this podcast.   Thank You!!

Success over Stress!!  Your vote, your voice.  This episode talks about the power in your vote and how it's important to engage in the election process.  I've looked at the FED.gov website and share some data about the financial campaigns ran by Joe Biden and Donald Trump.  November 8th, is the general election so be sure to take part. 

Today we talk briefly about my new job, and quitting my professional career. The main topic of the day is creativity!!  It is all important in novel ideas and the ability to be more than what you currently are!!  

This episode I'll talk about the software that I use to make landlording more tolerable.  I have a slew of properties needing attention this month, ranging from adding a tenant, possible eviction, lease renewal, pet addendum, and rowdy prospective tenants.  It gets interesting,  and I have have a few golden nuggets in there as well.  Learn through my experiences!!

This episode is dedicated to a 2021 1st Quarter Update.  I talk about losses in the 2021 stock season.  I also talk about what has happened with my rental portfolio including new tenants, property turnovers, raising rents, and evictions. 

We all love to think that we set ourselves up for success by making a New Years Resolution.  But, are we doing ourselves any favors?  Lets chat about this.  Keep yourself grounded. Make SMART goals: Specific, Measurable, Attainable, Realistic, and Time Oriented.  From there, make yourself a task list that will allow you to compartmentalize significant areas of your goal.  You WILL make it.  Trust yourself... and find an accountability team.  ASAP!!!  

Today, let's talk about how important social circles and networks are in your maturation.  You do not live in a silo.  In order to grow, amongst others in civilization you will do far better, far quicker, if you employ the help and utility that others have to offer. Also, you will find that you are a part of others networks as well.  How about being genuine in these encounters.  An open heart is a breeding ground for reciprocity!!

Long overdue.  Real Estate Podcast feature Larry Russell of Russell Kingdom Investments.  A true seasoned investor in the single family home niche.  Based in North Carolina, Larry knows what he is talking about.  Join us as we give an overview of real estate investing at a high level. 

Update on Stock Day Trading and We just started a Non Profit Organization!!  Day trading stocks involves risk, and is not for the faint at heart.  If you want a job..and one where you need to be your own worst critic....then day trade stocks.  Sheesh.  I like the challenge and I'm not done yet.     On the other hand...I've taken some time to do less for myself and more for others.  Carlos Bannister and I started the Non Profit Organization FATE. Friends Aligned to Elevate.  Our mission will be to assist those in the community with their basic needs as groceries.   We also spent time today picking up litter at a local Wells Fargo.  "When you look good , you feel good." Our hope is that the trickle down effect will begin.    Cheers

A tribute to Louis Armstrong.  Today we discuss the power of having balance in your journey to success.  The song, "What a Wonderful World", was based on simple concepts yet overlooked right at the beginning.  Later, the beauty, and charisma was realized.  Many don't realize that the beauty & charisma in your life, is simply from living it.  Chasing fame and fortune can certainly lead to misfortune and everything in between.    Try maintaining balance in your journey, and when you get to where you were going you will have be where you were....and that's happy, and appreciative!!

"Nothing is certain but death and taxes" Well...Lets talk about that.  The 1099 IRS form is pretty important when running a small business and needing to outsource some of your tasks.  That way you can get the job done without employees.  BUTTT...if you have a child under the age of 18 that is your dependent, they can surely help you with your job whilst not having to file AND you get to deduct it as an expense.  How righteous is that???

The title says it all.  Take a walk with me down this path of pleasure.  Royalty and Riches come...but only after headache and heartbreak.  Be the Balance.  Live and let live.  Ahhhh... But seriously.  I had some tenant hurdles and I've been wrecking my brain learning the art of day trading stocks.  MMM....recipe for success?? Find out!!

I typically make good use of Zillow or Redfin to perform ARV estimations.  While good... and often times sufficient, I tried my hand at a CMA or comparative market analysis this time around.  I learned a few things about ARV.  When a house is not yet repaired...there is quite a range that you can assume for ARV depending on the comparables in the area and the finishes you decide to employ!! Enjoy today's podcast. Thanks

Health is also key to your overall wealth and income.   This can be cyclical however.  So...please pay attention to the pattern and make sure that your cycle is not spiraling downward.   Take care of your health and thus protect your wealth. 

What does Return on investment mean.  Simply put, it is the return that you see on investments that you put in.  Of course, this can measure, time, money, energy, or whatever variable you want to look at.  Be sure to measure, measure, measure!!!

Completing tasks or engaging in behaviors is a ton easier when there is a high level of passion involved.  Be sure that your personality, passion, and interests are in alignment and you have a great formula for success. Erik 

Be sure to follow guidelines of the Fair Housing and Equal Opportunity Act when choosing..or dismissing potential Tenants.  No one likes to be turned down...and certainly not for something outside their control.  Data produced by MIT proves to be a useful resource when determining relative income requirements!! Check out the LIVING WAGE CALCULATOR  BY CAREY ANNE NADEAU, OPEN DATA NATION, updated 12/22/2019. 

This episode features Sarry Ibrahim, MBA, LTCP.  His information is highly anticipated and carries great value.  Build your wealth, but protect it!!  Follow along has Sarry shares his approach to both holding and growing your wealth!!  

Please guys and gals. Use this technology to your advantage. Some things are extra...some things become instrumental if you are running this operation by yourself.  Either way...be an expert at what you do...or stop wasting your time.    There's always the option to let the experts do their thing and you do what you're good at.   Have you really thought to consider what it is that you are good at??

Unscripted account of whats going on in my rental world these days. No stress!!  This time I talk about being mindful of your schedule and building in wiggle room.  

Is Formal Education Necessary to be successful?  Let's talk about it. 

Make sure that you have a clear set of rules when you purchase properties.  Don't deviate from your rules.  This will be the platform on which you make your purchases!!  Buy Low, Force Appreciation. 

Having good credit makes you a  great addition to any banks clientele. Check your score and use that credit as leverage of your good choices!!

To get ahead of your financials, you need to get a hold of your financials. Take a look at yourself..If you feel like you have control of your spending and you are only spending based on sound principles then congratulations, you're half way there. But if you don't have a budget, or think you're much too savvy to plan how to spend your money...

Henry Ford's quote is so powerful because it so well illustrates how being focused ensures that you are ever moving toward your goals.  Let me make this clear, wishing, hoping and praying something happens is not enough for it to happen.  You then have to take that willpower and see it through with action..in the REALWORLD. This podcast is with the help of Carlos Bannister.

What do you do when you're on vacation and you get a phone call about a clogged commode. I get a call from a tenant who usually is not worrisome.  He says there is sewage coming into the tub mostly when the washer drains..Either way it's a disaster.  After some thought and research online I see that it may be backed up at the street..A city problem. city comes out and checks it out. sure enough, city problem.  Moral to the story is......

Knowing this number if vital to the health of your financial position. Assets are goods, entities, accounts that add to your pocket.  Liabilities are any of the above accounts, that take away from your pocket.  The assets minus the liabilities leaves your networth.  If you have a lot of debt...school, cars, credit cards...Yet you don't have many assets (objects of value)..then your networth is likely to be lower. 

Management is the operative term with property management.  With professional property management, you need to be sure to vet the company for the 3 P's:  price, performance, and professionalism.  No owner wants a PM company to mishandle their clients, aka tenants.  The company has to perform well, receive rents timely, pay you timely, manage contractors, etc.  Price should be a consideration but the adage, you get what you pay for is certainly true.

Be more effective & reach higher levels of success when utilizing tools of time management.   This is one of those life hacks that always works.  It's hard to implement but worth it in the long run.  Guest, and long time friend, Jermaine Royal has input on the topic.  Enjoy. 

How strong are your leads?  Are you tapping into all the streams? Are you assessing the return? The metrics are very important.  Even more important is to DO WHAT WORKS FOR YOU!!  All businesses do not operate with the same strengths.  Be sure to take inventory of yours.  In this episode we review some potential leads for purchasing real estate. Take note!

This Episode has been graced with the participation of Devin Marine. He is owner at Lite the Nite Leds-Md.  You can catch him on social media and facebook. IG @litetheniteledsMDFacebook Lite The Nite LEDS MDLitetheniteledsmd@gmail.com His success is real, and evident when you meet him. Take the time to listen to the podcast and gain inspiration. !!

Is time money, or does it hold value?    Money is finite, it has a designated value, which can change over time and with respect to other external factors.  Contrarily, the value of time is incalculable, so it is both valuable and invaluable, but always changing.  What you choose to do with your time makes it valuable, or invaluable...

So this is the continuation from previous episodes where the tenant only has paid $74 of $550 rent.  Remember, I did NOT choose this tenant.  Holdover from another landlord during a purchase.  

Why do you need structure?  You need to protect your assets, and you need to minimize your expenses.  Stability and scalability will be important later.  So start with the end goal in mind!!

Ever wonder what it is that landlords do in a days time. Well, This mini series, within a series attempts to give a little insight into what happens.  For anyone interested what happens in the life of a landlord, This mini-series is for you!!!In Episode 1, I attempt to collect rent from a tenant.  She has paid all of $74 due..of $550.  Let's see what happens!!  Please be sure to FOLLOW ME for more interesting clips. 

General introduction to what the podcast /audio log is about.