August 2, 2023
Something I’m Reading
I’m currently reading "Black Hawk Down: A Story of Modern War” by Mark Bowden. A classic war novel that recounts the story of the Battle of Mogadishu.
Something I Photographed
Me giving Ben Humble, our fearless MC at the BetterLife BetterMarriage Retreat , a new hairstyle.
Be sure to follow Ben on IG @benhumble_. He bought 300 houses over a few year period. He knows a thing or two about real estate.
Something I’m Excited About
We just closed on our flagship property in Fund 9! This 1,000+ unit self storage facility in Lexington, KY is already outperforming our initial projections, with revenue up $20K/month just since we went under contract! The other properties in this fund are just as exciting.
Fund 9 is now over 80%+ subscribed - so if you’re looking for a great opportunity to build long-term wealth, hurry and grab your spot while there’s still time! Check out odcfund.com/fund9 to learn more or shoot my investor relations team a text now at 678-585-2719.
Something I Can Answer
I’ll be answering two questions asked by a BTB subscriber. Have a question you want me to answer? Reply to this text with your question!
Question: "What is the best landlord advice you’ve ever received?”
The quality of your tenant dictates the quality of your rental and the quality of your profit. Therefore, don't be afraid to wait and work for the best tenant. Don't let emotions and fear of losing money for a few weeks get in the way. You may end up taking a tenant that's not as good as what you deserve.
Question: "What are the most important things to look for during a property tour?”
When doing a property tour, the most important thing is to be incredibly detailed, and to look at everything. The truth is you won’t see everything and it’s hard to be detailed while doing a property tour. That's why I always film my property tour. I always take a camera and as I walk through I verbally talk about what I'm seeing on camera. Like, “here I am in the living room, now I'm walking in the dining room”. I just word vomit while walking around about everything I see. And then when I go home later, I watch the video to catch all the little things that I may not have gotten the first time.
If you're dealing with a motivated seller, then I wouldn’t talk during the video but I'll still record every bit. But the biggest thing on a property tour is to strike up a relationship with the seller and to listen to them and to hear what their problems are. So to recap, talk to the seller, find out their issues, and look for all the things that are going to hurt you on the deal. I find I'm always trying to talk myself out of every deal that I go look at because my emotion is trying to talk me into every deal. So then logically, I want to talk myself out of it so that my emotion doesn't let me run around with a bad deal.
Something I Recommend
Many of you know of my performance coach, Jason Drees. Jason has been my coach now for over 5 years and has helped me personally overcome some limiting beliefs, scale my business, and hit some crazy goals. The first step in hitting crazy goals is identifying them. Jason and his team are providing a complimentary impossible goal setting session – to help you uncover the impossible target you should be aiming it. Here is the link to get yours.
For my health-conscious friends (or those trying to be healthier), I’ve been using MyBodyTutor for years for accountability on my fitness and diet. These guys assign you a coach to hold you accountable, track your food, suggest exercises etc. You can check them out here.
Disclosure: “Some of the links in this post are affiliate links, which means I may earn a commission if you click on the link and make a purchase. However, please note that all opinions expressed here are my own and I only recommend products or services that I have personally used and found valuable."
Your Friend,
P.S. Comment below and let me know your thoughts on this week’s BTB! Please be friendly :)