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Saturday, November 29, 2014

How to Rent a House - Tenant Turnover in Rental House #1

After a very long tenancy my tenants in rental house #1 had to move. I was truly sorry to see them go, not just because of the vacancy factor but because they were good people, we got along well, they took care of the house and they liked the house. But, their personal circumstances changed and they had to move on.

It is common to hear horror stories about investors having to deal with horrible tenants, that were a pain to work with and left the house in terrible shape. What you don't often hear is the opposite of that. And mine was such a story. So all you prospective landlords out there understand that being a landlord can also be a pleasant experience!

Saturday, June 28, 2014

Dealing With the Uncertainty of Entrepreneurship

You have probably heard the saying “Be careful what you wish for, you just might get it…” Well I did and I have. I longed wished to be on my own, run my own show, have my own business, call my own shots…I got all of that and then some.

Owning your business comes with a lot of responsibilities that I did not have before and a lot more work too. This is coming from a person that has been in charge of nuclear missiles, that has launched rockets into space and have managed multimillion dollar construction projects.

I say this not to impress you but to put in perspective that I am no stranger to handling a lot of responsibilities and many moving parts. Yet everything I did in the past seems now like less work and in some ways easier than what I am currently doing as an entrepreneur and business owner.

Wednesday, June 4, 2014

Bob Parsons® 16 Rules for Success in Business and Life in General

These are pretty popular but I am sure there are some of you out there that have not seen them or it might just be helpful to read them again.  In case you are not familiar, Bob Parson is the founder and owner of Go Daddy, the web services behemoth!

Every morning I try to read something uplifting and positive so I can get in the right mindset for the day. I think we all need to make a conscious effort to put the right things in our minds. Motivation, positivism and enthusiasm don't come naturally to all (even thought it might seem like it) so being proactive in getting the right mindset is a step in the right direction.  

1. Get and stay out of your comfort zone.
I believe that not much happens of any significance when we're in our comfort zone. I hear people say, "But I'm concerned about security." My response to that is simple: "Security is for cadavers."
2. Never give up.
Almost nothing works the first time it's attempted. Just because what you're doing does not seem to be working, doesn't mean it won't work. It just means that it might not work the way you're doing it. If it was easy, everyone would be doing it, and you wouldn't have an opportunity.

Saturday, February 15, 2014

Surprise, Surprise! - Wealth-Steps.com Traffic Over The Last Year

I just wanted to share with you some surprising facts about this websites' traffic over the last year. I know some of my readers also run websites and blogs of their own so I think this might be useful.

Like I have mentioned already, 2013 was a major year of career transition for me. As such, time to maintain Wealth-Steps.com was close to non-existent. For most blogs this is usually the kiss of death.

Since search engine and Alexa rankings for blogs depend on traffic and traffic depends on frequency of adding content, when you have a blog and stop posting traffic goes down, period.

In my case, since Wealth Steps is not a blog, my traffic not only kept steady but much to my surprise it increased. 

Saturday, February 1, 2014

Why I Wish I Had "Nicer" Things But I Don't...

I live in a fairly affluent area of Atlanta. I am not necessarily surrounded by millionaires, at least not immediately, but it is definitely a middle to upper middle income area. Since I have traveled extensively throughout this city and have gotten to see some of the not so nice areas, I can tell the difference.

Where I live the real estate is more expensive, the houses are bigger, people drive nicer cars, children go to more, nicer and more expensive activities and overall people have “nicer” things. In other words the normalcy of having “nicer” things is contagious and rampant.

I associate with many people that as far as I can tell like to spend more and have more than I do. They use their money in ways I don’t. And I’ll be honest, sometimes I wish I had more “nicer” things like they do.

Saturday, January 11, 2014

Quitting My Job, Starting My Own Business...

The time has come for me to move away from Corporate America, move away from making a living with a J-O-B and dedicate myself to a new challenge...

I quit my job and I have started a new business!

I will now be spending the majority of my daylight hours working on my own business. Real estate investing is still going to be part of my mix but that will not be the main income provider. 

As I have commented on other posts the real estate market in my city has changed dramatically for the type of investing that I was doing. I knew it was coming, I just was not expecting it so soon. 

I now got to figure out what to do next and how. On the other hand I have chosen to not make real estate investing my primary occupation after leaving the corporate world. 

I have started a business in marketing and advertising and as such is going to require that I spend a lot of time in the sales funnel. Although due to my real estate experience I have a small amount of sales experience this is going to be completely different. And for me different is good…