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The dynamic world of concrete pumping with special guests Scott Sutherland and Eric Dunker from CanCrete. Join us as we explore their innovative approach to concrete pumping, engaging the next generation, and fostering a safer and more efficient industry. Canadian Concrete Pumping on YouTubeInfo@CanCrete.ca on IG @cancrete_equipment Scott and Eric kick off the conversation by sharing their experiences at the Concrete Pump Rodeo and trade shows, highlighting the excitement and camaraderie within the concrete pumping community. They discuss the evolving role of a "typical" pump operator and the changing employment landscape, emphasizing the need to engage and empower the younger generation to join the industry. As advocates for safety and excellence, Scott and Eric emphasize the importance of presenting an unbiased picture of the industry and preparing for challenges that may arise. They share insights into CanCrete's training programs, designed to equip operators with the skills and knowledge needed to operate pumps safely and effectively. The discussion also touches on the importance of hosting fun competitions and events to foster a sense of community and camaraderie among pump operators. Scott and Eric emphasize the need for adaptation in the face of economic uncertainty and the unpredictable nature of working hours in the industry. Throughout the conversation, Scott and Eric highlight CanCrete's commitment to making the industry safer and better, one pump at a time. Their passion for innovation and excellence shines through as they discuss their vision for the future of concrete pumping and the vital role CanCrete plays in shaping it. Stay connected with The Construction Life Podcast by texting Manny at 416 433-5737 or emailing him at manny@theconstructionlife.com. If you have something to contribute to the podcast, email info@theconstructionlife.com to schedule a time to join us in studio. Are you interested in the latest trends in building, renovation, home improvement, real estate, architecture, design, engineering, contracting, trades, and DIY? Look no further! Our construction podcast and social media content cover a wide range of topics, including project management, safety, best practices, business development, leadership, marketing, customer service, productivity, sustainability, technology, innovation, and industry news
This episode features a conversation with Scott Sutherland about his experience going through Shandel Group's 12-week coaching program and achieving success in the "profit" stage of the Process of Sustainable Growth. Scott shares how he overcame his lifelong fear of failure by setting clear goals with Melanie and challenging himself to step outside his comfort zone. Through the accountability of the program, Scott was able to accomplish his goals of improving his leadership skills.As a result of facing his challenges, Scott has found fulfillment in his daily work running a bowling business. He enjoys embracing new opportunities and tackling difficulties head-on. Melanie and Shandel discuss how Scott's personal growth has positively impacted his professional life and relationships. They highlight the importance of self-awareness, authenticity, and aligning with shared values.The conversation demonstrates how leadership development can enhance all areas of life when focused on becoming your best self. Listeners learn practical tips for overcoming obstacles and achieving profit through personal transformation.Key Takeaways: Facing fears and stepping outside your comfort zone is necessary for growth. By challenging himself through goal setting and accountability, Scott was able to overcome his lifelong fear of failure.Authenticity, self-awareness and values alignment are important. By embracing who he is and advocating for his needs, Scott has built more genuine connections and situations where he feels respected.Setting clear goals and having an accountability partner is important for achieving success. Scott was able to overcome his fear of failure by working through the goal setting process with Melanie's support and accountability.Personal development enhances all areas of life. Through focusing on himself, Scott strengthened his leadership skills professionally and improved his relationships personally through increased self-awareness and authenticity. He's now able to advocate for himself while also being a peacemaker.Thanks for joining us - don't forget to subscribe, rate (or like), comment & share!Visit our website and follow us on social media - Facebook, Instagram & LinkedInWe LOVE your feedback & questions - click HERE to share your questions/feedback or email us at podcast@shandelgroup.comSubscribe for our free 66 Seconds with Shandel Group at shandel.com#LeadForClarity #LeadershipDevelopment #Leadership #Growth #ExecutiveCoaching #LeadershipCoaching #EmotionalIntelligence #Clarity #PersonalAccountability #Communication
As Millennials continue to grow into their forties and GenXers are moving into their sixties, there is a pressing issue that every workplace is dealing with. Their leaders need time off to take care of (not their kiddos) but their aging parents. I brought Scott Sutherland on the Porch to provide a perspective on what this looks like and what questions we need to be asking our parents now so that we don't end up in a chaotic and heartbreaking situation later. Check out this fascinating conversation with Scott and grab his 10 Questions here: https://www.practicewithlindsay.com/talktoyourparents
The adversary is using Artificial Intelligence. Why aren't you? In this episode, Host Chris Cochran talks with Scott Sutherland, VP of Research at NetSPI, about everyone's favorite hot topics; ransomware and AI. Scott will detail his experience with simulating ransomware attack scenarios, as well as discussing the difficulties businesses face when dealing with ransomware threats and prevention mechanisms and how AI can be leveraged to help. Impactful Moments 00:00 - Welcome 01:10 - Introducing guest, Scott Sunderland 03:24 - Interactions with Generative AI Chatbots 04:14 - Use of AI and Readiness 15:16 - A word from our Sponsor, NetSPI 15:55 - Using AI to develop Exercises 20:46 - Collaboration beats Adversaries 25:08 - Ransomware Bots 26:15 - Role of AI in Storytelling Continuously keep pace with your expanding attack surface with the most comprehensive suite of offensive security solutions: https://www.netspi.com/hackervalley Links: Connect with Scott Sutherland: https://www.linkedin.com/in/scottpsutherland/ Learn more about our sponsor, NetSPI: https://www.netspi.com/ Join our creative mastermind and stand out as a cybersecurity professional: https://www.patreon.com/hackervalleystudio Become a sponsor of the show to amplify your brand: https://hackervalley.com/work-with-us/ Love Hacker Valley Studio? Pick up some swag: https://store.hackervalley.com Continue the conversation by joining our Discord: https://hackervalley.com/discord
ROYAL LEGAL SOLUTIONS Learn how to free your time, protect your assets, and create lasting wealth with asset protection attorney and long-time real estate investor, Scott Royal Smith. When a close friend lost over $3 million in a single lawsuit, Scott decided to leave his litigation practice to help people protect themselves from frivolous lawsuits. His law firm, Royal Legal Solutions, now helps thousands of real estate investors and entrepreneurs protect more than $1.2 billion in assets. Join Scott as he deconstructs the lawsuit game and shows you how to protect yourself and your hard-earned wealth.*********************************************************************************KEY TAKEAWAYSIn this session of Royal Investing group mentoring we were joined by seasoned investor Scott Sutherland. Scott shared about a 'bad beat', otherwise known as a deal gone bad. Wisdom comes from experience, so hearing about deals gone wrong can give you great insight. There are lessons to be learned to save you the pain of making the same mistakes personally. Due diligence re: partners and sponsorsDue diligence re: property classificationDeal parameters and building in a bufferThe outcome and upside of a deal gone badThe importance of reboundingFREEBIE: Slide deck (PPT) and redacted agreement (PDF)Ready to go beyond basics and take your education to the next level? Get FREE Access to the Asset Protection Vault. This resource contains all of our video Masterclasses, ebooks, and other educational materials.*********************************************************************************FACEBOOK: Join our exclusive group to discover the tax, legal, & asset protection secrets every real estate investor needs to know. https://www.facebook.com/groups/495820367909918/
The Cadel Evans Great Ocean Road Race returns in January … including a Peoples' Ride. The race director joins us.
On February 1st, 2003, 17 years and 3 days since the Challenger was lost with all of her crew 73 seconds after lift-off, the world was blind-sided when the Space Shuttle Columbia disintegrated as it reentered the atmosphere, killing all seven crew members. To help out with specialized perspective, I am joined by: Scott Sutherland, Space Writer and Meteorologist, theweathernetwork.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Welcome back to the Real Estate Nerds Podcast. On today's Bad Beats episode, investor, author, and retirement planning expert Damion Lupo joins our host and attorney Scott Smith. Together they discuss the details of one of Damion's worst deals, while also sharing some of their expertise about evaluating markets, investing strategy, and investing psychology tips anyone can use. Tune in to Episode 40 of The Real Estate Nerds Podcast to hear their full conversation.Listen To Episode 40 of The Real Estate Nerds Podcast NowDamion Lupo on Losing Big, Blind Spots, and Preparing for an Impending RecessionDamion and Scott discuss Damion's early real estate career and the lessons he has learned about his own blind spots. Damion also shares some of his observations about recessions, including a prediction on when we may be looking at our next one and what to do about it.[1:00] Damion grew up in Alaska, where he later took physically demanding jobs in the oil industry. He left at 17 to escape the ennui and isolation of life in Alaska. He was able to use some of these funds to get started in the real estate industry.[2:45] Damion describes his early real estate dealings. He believes he was naive, which in some cases worked to his advantage. He purchase 150 houses, but they became a massive problem: “Within 8 years, I took a $20 million portfolio of a cliff,”[3:00] The two investors discuss the value of learning the lessons from failures. Those who do not take the learning opportunity do not tend to perform well over time. Damion admits that he failed to listen often.[6:15] Damion also speaks to the danger of not acknowledging your own limits: “Your blind spot is everything you're not seeing. Maybe you need to move three inches to the left and everything is wide open. It could just be that simple.”[7:00] Scott points out that a solid economy and market bull run influences the way investors think about real estate. Damion speculates that after a long bull run, a recession within the next year and a half is extremely powerful. He suggest investors evaluate their portfolios and plan ahead for the recession.[8:30] The two investors discuss how different assets perform in a downturn. According to Damion, “You have to know what's going on in a recession and plan for it.” Scott agrees, pointing to investors he knows that are doing well know and thoroughly prepared for a recession.[9:45] “It's the prepper mentality,” Damion adds. However, some people spend more time and money on preparation than maintaining their businesses. He reflects on the fear of the unknown, which motivates many of these paradoxical opportunities. Scott points out that figuring in probability of any given risk is important for an accurate picture.[12:00] Damion agrees that investors can evaluate risk ahead of time. He points to his own investment “rules” as an example. For instance, he will not have more than 5% of his own liquidity in a given deal. He heeds to these rules religiously. His approach is conservative compared to what he's seeing from other investors: “I don't see a lot of practicality. I see a lot of people who are stoned out of their mind by the wealth the bubble has been creating.” [13:20][14:00] Scott shares a couple of anecdotes about investors in the current climate. [15:12] Damion shares advice for new investors. “If you want to make money, there is one thing you should invest in: your education.” He lists a few terms all investors should be familiar with. Scott points out that “It is always more expensive to learn by experience...You don't have to if you aren't lazy.” He speaks from his own experience, pointing out he once lost several thousand dollars because of failure to do due diligence.Scott circles back to the value of having personal rules, pointing out that some investors have criteria for behavior patterns outside of relationships. Damion agrees that having rules prevents delusion.[Tweet "“If you want to make money, there is one thing you should invest in: your education.” - Damion Lupo, Real Estate Nerds Podcast Episode 40"]How to Fully Engage with Your Life (And Why You Want To)Damion shares about some of the deep internal work he has done to recover from failure, maintain success, and nurture himself to contribute to and connect with the broader community more. He discusses how he defined his purposes, as well as some of the influential books and practices that have informed his own development.[18:30] Damion points that passive income can develop passive desires in other areas of life, and how problematic this phenomenon is. He and Scott discuss the distinction between passive investors and those who are actively engaged.[20:00] Scott recalls his interview with Scott Sutherland about best and highest use of a property, pointing out the parallels with Damion's story. Damian points out that the same principle of active engagement applies to retirement planning: “If you're not engaged, you're toast.” [21:58] Scott points out that applying one's mind intensely almost guarantees returns.[23:00] Scott asks about the difference in Damion's life before and after 2008. He shares some stories about his drive for “more” as a younger man, as well as watching his father pass away living with regret.[26:00] The two investors discuss the internal building blocks that are essential to genuine fulfillment. Scott, who shuddered initially at the mention of spirituality, has also performed a lot of internal work.[28:00] Damion highlights the Blank Slate Principle. These strategies helped him refocus his priorities onto things that actually fulfilled him in life.The Takeaway: Work on Yourself to Become a Better InvestorDamion and Scott conclude with some take-aways of Damion's story for listeners. While each had their own take, they agreed on the most important principles.[30:00] Scott feels that Damion's story speaks to the value of strong investing psychology and profound self-insight. In his opinion, wealth and happiness do not necessarily correlate--if you want both, you have to work for it, but the work will be on yourself. This view is confirmed my numerous studies in human behavior, social sciences, and psychology.[32:19] Damion offers a take-away for listeners “If you want to feel successful, fail faster and more frequently.” He points to the survival of extreme events, the value of gratitude, and the power of a healthy attitude toward failure.[33:23[ Damion lends some advice to struggling or anxious investors: “What's the lesson in your pain right now? If you don't learn it, you're stuck.”
On the debut episode of The Real Estate Nerds Podcast, where we give the information you need to be the best investor. We take a look at the human side of investing and ask some of the most successful individuals in their fields about their best deals, bad beats, and the lessons they've learned through their experiences. Today, our host Scott Smith, an asset protection and real estate attorney, asks real estate investor Scott Sutherland about the best deal of his life.Approaching The Real Estate Market for Hidden Opportunities[1:00] Scott Sutherland has been investing in real estate full-time for eight years. Originally a product of the tech industry and traditional stock investing, he made his real estate debut after following investing strategists such as the Motley Fool. He credits his early success to bravery during a fearful time in the industry.[3:35] Scott Smith points out that most in the market are brave right now. The two conclude that this is a good reason to be conservative, and skeptical of promises of absurdly high returns. The opinions of professionals matter more than the opinions of everyday investors.[5:53] When asked what he does differently than average investors, Scott Sutherland highlights his early experience investing in Austin, TX duplexes during a market decline. He concluded that cash-flow doesn't lie, regardless of what other investors say in times of fear. He pointed out was that his worst-case scenario was still a success.[8:17] Scott Smith comments on Scott Sutherland's tendency against following the herd: "If you say you're different, you're arrogant. But you might be different in the right way."[10:00] While Scott Sutherland acknowledges the power of diversification, he also appreciates going with what you know: "The more you know about a given business, the more effective you can be at it." In his case, a major piece of his business is short-term rental (AirBnb). Tune in to hear the details of how his short-term rentals contribute to his larger strategy, as well as some of the nuances of this type of investing.[15:08] Scott Sutherland always looks at the numbers when considering or analyzing investments: "Cash flow is your bird in the hand. Appreciation is the two in the bush."[15:30] Scott Smith points out that you can only gain one piece of expertise at a time, and asks Scott Sutherland's thoughts on expanding into different asset classes.[16:00] Scott Sutherland uses a sports analogy to describe this process in real estate: "It's still the same sport, you're just learning different shots." Having an area of expertise doesn't mean you're done learning. While Scott Smith prefers joint ventures with more experienced investors for learning new things, Scott Sutherland's personal approach is more cautious when it comes to partners and their risk. Both agree that harnessing the expertise of others is a vital element of growth as an investor.[19:55] The two Scotts briefly debate the value of striking out on your own with new types of investments. Scott Sutherland shares his balanced approach: "There's a lot of satisfaction in knowing you could go it alone, but choose to work with others." [20:31][caption id="attachment_5303" align="aligncenter" width="600"] Real Estate Deals: If you don't jump out there and learn new things and go after new opportunities, then you'll never have those skills when the day comes and that opportunity arrives.[/caption]Analyzing Scott Sutherland's Best Deal: How An Ugly Green House Got 5,000% ReturnsScott Smith probes Scott Sutherland for his unique perspective on his 2010 deal and what made it such a success.[23:53] Our host and guest dive into the details of Scott Sutherland's big win, focusing on what Scott saw that other investors didn't. When asked what circumstances led up to his best deal, Scott Sutherland points to sheer necessity. One of his best deals happened to be one off his first, and was born out of the desire for him and his new wife to live in Austin's sought-after Zilker area. They eventually settled on a duplex that had recently been foreclosed on, planning to live in one side and rent out the other.[25:15] One of the major lessons Scott Sutherland learned from this purchase is a piece of advice he continues to share with new investors and anyone buying a property: "If you're not the best buyer for it, particularly in a competitive market, you're not gonna get it. Or if you do, you're probably going to overpay for it." He believes this deal worked in no small part because he and his wife were a particularly good fit for the property. In general, he believes assets can be optimized for particular types of people: renters, families, developers, etc.[28:20] The day Scott bought his property, it was dramatically underpriced. He actually chose to overpay for it by $40,000. Scott Smith acknowledges that most investors and brokers, possibly including himself, would have thought Scott Sutherland was insane for this choice. But it was the smart move to secure the asset, and has since become part of his greater strategy. He has since made multiple successful investments by offering higher than asking price, but lower than market value.[29:30] But Scott Sutherland stands by it, based on the philosophy that "pigs get fat; hogs get slaughtered." Overpaying a little bit guaranteed he would get the asset.[30:05] Scott Smith sees the wisdom in Sutherland's strategy: "If you want safe investments, everyone is going to agree with you. And that's great. But if you want to do something different, everyone is going to think you're wrong."[33:00] While Scott Sutherland's primary motivation was to find an inexpensive place to live, He paid 0.55, or $1,500, down on a duplex worth $350,000. But over time, he found other ways to make the property more profitable. His low financing arrangement allowed him to close on the property and still have funds left over for re-investment. He was eventually able to rent the second unit for $1,500/month.[36:00] Scott Sutherland's entry into vacation rentals in 2012 was inspired by a vacation he took with his wife. She observed that they could do exactly what the owners of their rental property were.[39:00] The very next year, Scott Sutherland's next door neighbors moved out. This created an opportunity: Scott bought the property and continues to use it primarily as a vacation rental, a highly profitable choice for a location that hosts festivals such as SXSW. As for his original investment, it is currently valued at over $800,000: nearly a 5,000% return rate on his original down-payment.What Investors Can Learn From Scott Sutherland's Duplex WinThe two Scotts end the show by analyzing the best aspects of Scott Sutherland's 2010 deal. Together, they share the major lessons they have learned from the deal itself and their broader real estate investing experiences.[42:00] Scott Smith observes that the "magic" of this deal happened on the front-end, with Scott Sutherland seizing an opportunity others didn't even notice. The house itself was hideous when he bought it, but Scott Sutherland saw its potential and knew its location was extremely valuable. He has always liked properties that need some fixing up.Forced Appreciation: The Beauty of Being the Scummy Neighbor[44:00] Scott Ssutherand's penchant for visually unappealing or even beat up properties is actually part of his strategy: "Whenever you go into a neighborhood, you want to be the scourge of the neighborhood." He sees neighborhoods as an average of the homes. Given his affinity for duplexes, he is keenly aware that his neighbors' property values are likely to lift him up. Forcing the appreciation of his assets is a tactic that has been extremely lucrative.[46:00] Scott Smith asks if Scott Sutherland has a tip for those interested in vacation rentals or short-term rentals. Check your local regulations and assume nothing. Austin, TX, for instance has regulations on short-term rentals. A real estate agent familiar with local laws can assist you. His own properties have fared well as "mid-term" rentals as a result of local regulations.[51:00] Scott Sutherland recommends that new investors seriously consider using the same strategy he did by investing in duplexes. There are many benefits, particularly for investors who live in one unit and rent out the other. If there's a management issue, you can simply go next door. Risk is fairly low in good locations that are likely to trend well, as the income tends to off-set an investor's expenses.[bctt tweet="If you're new to the game and you're looking to build wealth, buy a duplex and move into it yourself." username="RoyalLegalLaw"]The Takeaway: Be Willing to Be Different and Be Smart About RiskScott Smith's takeaway from his guests story is this: "Know what your realistic downside risks are, and if you can afford them, take them." [56:00] If your worst-case scenario isn't that bad, it may be worth taking. If you've run the numbers and are willing to get uncomfortable, even to the point that other investors call you crazy, you too can see the opportunities that other investors don't.Connect With Scott SutherlandScott Sutherland is easiest to reach via his website. He is generous with his time and enjoys offering his insights to fellow real estate investors. While his expertise lies in the Austin area, his knowledge can be applied to many markets and situations.Listener ResourcesThank you for joining us on today's episode of the Real Estate Nerds Podcast. For even more free educational resources on real estate investing and the law, check out the Royal Legal Solutions blog. You can also reach our host Scott Smith directly, connect with him on LinkedIn, subscribe to the Royal Legal Solutions YouTube channel, or join our investor community on Facebook.Don't forget to subscribe to stay up to date and have the most current episodes of the Real Estate Nerds Podcast directly in your listening library. Every subscription helps us create new, custom content for you. What did you think of today's episode? What would you like to hear more about in the future? Leave your thoughts and questions in the comments section below, or leave us a review in the iTunes store. We love hearing your feedback, so fire away. Join us again next week for the rest of a fascinating conversation with Scott Sutherland. Next time, Team Scott S. Squared will be breaking down the "post-mortem" of deals to look for even more lessons on becoming better investors. Thanks for listening!Hosted by Scott Smith, Lead Attorney and Founder of Royal Legal SolutionsSchedule your personal consultation now.If you have questions about our content or suggestions for future episodes or guests, reach our podcast team at podcast@royallegalsolutions.comAbout Scott SutherlandScott earned his Engineering degree from Texas A&M in 1995 and his MBA in Finance from Southern Methodist University in 2002. He is an active property investor specializing in distressed properties, rehabs, and buy and hold rental properties. He operates the web site www.RealtyStake.com to share his investing knowledge.
On the debut episode of The Real Estate Nerds Podcast, where we give the information you need to be the best investor. We take a look at the human side of investing and ask some of the most successful individuals in their fields about their best deals, bad beats, and the lessons they've learned through their experiences. Today, our host Scott Smith, an asset protection and real estate attorney, asks real estate investor Scott Sutherland about the best deal of his life.Scalpel, Please: The Post-Mortem of a Duplex Sale Gone Wrong[1:00] Scott Sutherland has been investing in real estate full-time for eight years. Originally a product of the tech industry and traditional stock investing, he made his real estate debut after following investing strategists such as the Motley Fool. He credits his early success to bravery during a fearful time in the industry.[3:30] Scott Sutherland talks about an investment that didn't go as planned. He was limited by two things: being a passive investor and using a Self-Directed IRA for the investment. These circumstances meant he had little control over the investment beyond a certain point. Self-Directed IRA investments have additional limitations that prohibit investors from being directly involved in their investment. Doing so is known as "self-dealing" and would trigger a costly prohibited transaction.[6:00] Scott Smith asks what made the investment in question appealing, Scott Sutherland points out that he felt comfortable with the asset class: duplexes in the Austin, TX market. Having dealt with hundreds of them over his career and feeling confident in the data, Scott Sutherland had no reason to question the asset itself.[8:00] The two Scotts agree that Operating Agreements and deal structure matters when it comes to new assets. Even if an asset is great, the documents that dictate what happens when things go wrong can prove critical if things go South. Scott Smith drafts these for a living as a real estate attorney.[10:20] Scott Sutherland points out that the asset he bought was four duplexes, but treated as a single property. Financing and sales issues changed dramatically because of this. Eight units would have had a lower "exit risk" than all eight taken as a whole.[12:22] Scott Smith observes the importance of keeping deal-making processes consistent: "You can't really control what happens with an investment. That's an illusion. The only thing we can really control is the process that led us to a conclusion around what decisions we're making."[13:00] Timing was an element in "lowering the bar" for Scott Sutherland's process. "The hardest time to invest is when things are great...Confidence peaks the day before the crash." Fear of lost opportunities, or FOMO (Fear of Missing Out), can also play a role in investors making poorer decisions in a hot market.[18:15] Scott Sutherland notes that unstable markets yield higher returns, but the opposite was true in his case. The market was flooded. He believes he should have ignored return-chasing in favor of evaluating the relationship between risk and return for his particular deal. In retrospect, there were "ticking time-bombs" like seller-financed debt, that created higher risks from the outset.[19:25] "If you borrow 80% of your investment and lose 20%, you've lost everything. Because you've lost all your equity."[20:00] Scott Sutherland points out his own sense of entitlement may have played a role in his loss. He was biased by having bought properties in certain neighborhoods for higher returns in the past, and neglected to look at the present situation for the asset and market. He has since realized his judgment was impaired: "I underestimated the risk because I was very focused on the return. I was very focused on how good things would go if they went well, and not on how quickly you could lose everything if things went poorly." [21:00][caption id="attachment_5316" align="aligncenter" width="600"] Postmortem Of Deals: If you've got a deal where you think this sponsor is going to really be hurt financially if this deal goes down, that's a good deal to look at because they're right there with you.[/caption]The Red Flags Were There All AlongScott Smith speculates that a combination of external market pressures and internal biases contributed to Scott Sutherland overlooking some red flags. Since hindsight is 20/20, the pair are able to clearly see how the bad deal could have been prevented.[23:00] Scott Sutherland actually addressed two issues with his operator planning to live in one side and rent out the other. First, he was concerned about debt refinancing if things went poorly. The operator claimed the creditor had pre-approved refinancing, and later disappeared. Scott Sutherland believes he was too trusting. He recognizes he could have taken additional steps, like calling the lender.[25:00] The second issue Scott Sutherland identified was that a partner was acting as a contractor, but they lacked a contract clearly stating what that person would make. He attempted to persuade his fellow investors to hammer this detail out on paper: "We all need to only make money if the deal makes money." [25:13] A simple provision limiting the amount the contractor could charge would have prevented this from becoming an issue.[26:00] Scott also adds that having sponsors in the same position as you helps: "You want [sponsors] to worry more about the performance of the asset than you. If you've got a structure where the sponsor makes money no matter what happens, that's a non-starter." A sponsor who has this concern is more motivated to make the deal successful.[28:00] While Scott Sutherland knew and trusted his sponsor, he could never have anticipated what ultimately happened. The sponsor, who had previously been reliable, walked away from all of his investors when this deal went south.[30:50] Poor communication with the sponsor was also a red flag: "When they want your money and they aren't getting back to you quickly, it makes you wonder how they're going to be when they have your money."[32:50] Scott Smith points out how networking failed Scott Sutherland: "The true value of your network is in information that isn't disclosed."Postmortem Results: What Investors Can Learn From This Bad BeatThe two Scotts evaluate what could have been differently, and ultimately see this bad deal as a lesson in risk. Scott Sutherland sums this up succinctly as: "Knowing bats 1,000." [35:10] The two investors acknowledge that money can be hard to recover, but that losses can be lessons in resilience and better judgment.
Always Off Brand Season 1 Ep 25 “Margin vs Sales Round 1” with CFO Scott Sutherland 9/15/2021 Co-Hosts Summer Jubelirer & Scott Ohsman welcome Scott Sutherland, CFO of Crazy Shirts. We ask Scott all the tough CFO questions and debate margin over sales. Then another great “Hayley and the News.” Warning, you will learn and be entertained at the same time. QUICKFIRE Info: Website: https://www.quickfirenow.com/ Email the Show: info@quickfirenow.com Talk to us on Social: Facebook: https://www.facebook.com/quickfireproductions Instagram: https://www.instagram.com/quickfire__/ LinkedIn : https://www.linkedin.com/company/quickfire-productions-llc/about/ More Stuff Mentioned: Guest Scott Sutherland- CFO of Crazy Shirts Company - https://www.crazyshirts.com/ LinkedIn - https://www.linkedin.com/in/sutherlandscott/ HOSTS: Summer Jubelirer has been in digital commerce and marketing for over 15 years. After spending many years working for digital and ecommerce agencies working with multi-million dollar brands and running teams of Account Managers, she is now the Director of Ecommerce at a leading hydration brand, Hydralyte. LinkedIn https://www.linkedin.com/in/summerjubelirer/ Scott Ohsman has been working with brands for over 25 years in retail, online and has launched over 200 brands on Amazon. Owning his own sales and marketing agency in the Pacific NW, is now VP of Digital Commerce for Quickfire LLC. Scott has been a featured speaker at national trade shows and has developed distribution strategies for many top brands. LinkedIn https://www.linkedin.com/in/scott-ohsman-861196a6/ Huge thanks to Cytrus our show theme music “Office Party” available wherever you get your music. Check them out here: Facebook https://www.facebook.com/cytrusmusic Instagram https://www.instagram.com/cytrusmusic/ Twitter https://twitter.com/cytrusmusic SPOTIFY: https://open.spotify.com/artist/6VrNLN6Thj1iUMsiL4Yt5q?si=MeRsjqYfQiafl0f021kHwg APPLE MUSIC https://music.apple.com/us/artist/cytrus/1462321449 “Always Off Brand” is part of the Quickfire Podcast Network and produced by Quickfire LLC.
TBJ148: Andrew and Lance speak to Abby and Scott about the Media Makers Workshop as well as their own social media ventures. You can find show notes, links and this episode’s Easter eggs on the Pedal Note Media website: http://www.pedalnotemedia.com/tbj/blog/tbj148-mmw For instant access to the complete back catalog of exclusive bonus content including extra interviews with guests, additional content from Lance and Andrew like the Music Practice Coach Show and the Jacobs Quotes Podcast, become a Patreon patron of the show today: https://www.patreon.com/thebrassjunkies
Learning who you are through adulthood is one big obstacle, and to add on top of that we must learn how our relationship with our parents must flex and adapt in order to treat us as adults and no longer children. In this episode, we interview two experts in parenting - Emily and Scott Sutherland, co-founders of Love-Better, LLC. We discuss what this evolution looks like in your relationship with your parents, now as an adult and not a child. Tune in next week for Part 2 on Parenting with the Sutherlands around how to be the parent of adult children. To learn more about Love Better, visit www.lovebetter.world. Love Better is a movement where we create conversations and resources about learning to love better at home, in our communities, and around the world.
For the third installment of The Tone Dome, we are very happy to be joined by Scott Sutherland who speaks to us about his early life, finding an open market, Presidio Brass, Scott Sutherland Music, sending Gene Pokorny to voicemail, and more.
Chapter 1
Space junk is a big problem, and there is a lot of it floating around up there. Why does it need to be cleaned up? And how does one even go about doing that? Scott Sutherland is a meteorologist and science writer for the Weather Network. He joins me now. Guest: Scott Sutherland Meteorologist and science writer for the Weather Network
Spider Jones and Money Marv-L welcome Mayor John Tory, City of Toronto, Sean Stephens from Tree Frog, Ken Wells from The Leads Hub, Lawyer Samuel Michaels from SM Legal Professional Corporation, Scott Sutherland from Sutherland Group of Companies and Eddy Bucardo, Unchained Athletics.
We all know as investors there's not always wins. What we find is the deals that went wrong or the bad beats are the ones that are the biggest lessons that we actually needed to learn. They're painful lessons no doubt, but they're important for our future success if we look at them correctly. If […]
Scott Sutherland, real estate agent and real estate investor extraordinaire, gets into the nitty and gritty of the hard-hitting facts of real estate deals and dives into what you really need to know if a deal is good or not. Scott was a product of the stock market back in the late ‘90s, pre-dotcom. It […]
Sex is a gift from God and designed by God. So many times the Bible says we are to be “holy” and then immediately says, “Stay away from sexual sin.” In this provocative message, Scott Sutherland talks very practically about believers and God's gift of sex in our lives.
The word “Family” means so many things to people. For some it is a very loaded word. For others, it's a great word. To others, the word brings up feelings of apathy. God designed family for our good. He also calls us to be good for our family. In this message Scott Sutherland explores our families and how we can help them to thrive.
Andrew & Lance are joined by tuba player, pianist, and arranger for Presidio Brass, Scott Sutherland. Scott talks about life on the road with a full-time touring brass quintet and how the group got its start. He also talks about the benefits of having multi-instrumentalists in a chamber group and about what goes into planning a show for a group like Presidio Brass. Website: http://www.presidiobrass.com/ Links: Presidio Brass Facebook Fan Page Instagram Twitter SoundCloud Pokorny Low Brass Seminar You can help offset the costs of producing the show by making a small donation at https://www.patreon.com/thebrassjunkies. Your support is greatly appreciated! Produced by Austin Boyer and Buddy Deshler of FredBrass.
Scott SutherlandMark 1.1-20
Have you ever been on vacation and thought, it sure would be nice to own some property down here? Well, that’s the subject of today’s podcast, as we speak with vacation rental property owner Scott Sutherland about how he’s built a profitable business owning and managing his vacation rental properties.You’ll learn the step by step process for finding potential properties and analyzing them for profitability, as well as financing ideas and tips on managing the short-term renters. Whether you’re already in this real estate niche or you want to get your foot in the door, we’re confident you’ll get some new insight here. Don’t miss this exciting episode!In This Episode We Cover:How Scott got started in real estate investingHis story of taking time offThoughts on choosing between stocks and real estateThe concept of control in real estateHow to get into the niche of vacation rentalsStrategies for properties that don’t typically cash flowWhat exactly a vacation rental entailsThe ins and outs of vacation rentals, including pros and consHow to market your rental propertyWhat you should know about tenant screening on vacation rentalsAnd SO much more!Links from the Show:Trivia EmailBrandon’s Forum Post on Vacation RentalsBiggerPockets ForumsEvicting Renter from a Vacation Rental PropertyBiggerPocket’s The Book on Investing in Real Estate with No (and Low) Money DownHomeAwayVRBOAirBNBalexa.com99DesignsBooks Mentioned in this ShowRich Dad Poor Dad by Robert T. KiyosakiThe 4-Hour Workweek by Timothy FerrissConnect with ScottScott’s WebsiteScott’s BiggerPockets Profile
NFPA Journal executive editor Scott Sutherland and Casey Grant, the director of the Fire Protection Research Foundation, examine the history of the Triangle Waist Company fire. You can read more about the fire online at: www.nfpa.org/trianglefire.