There’s always something to howl about.

Category: Blogging (page 53 of 84)

Persistence: The Investors Greatest Tool

People have asked me what it takes to succeed in real estate. Honestly, I really think it only takes one thing, persistence. Many people eliminate themselves right away by never starting or quitting after one bad experience. This business certainly has its ups and downs, but the people that keep trying eventually succeed.

Here are a few examples where persistence pays off. First, let’s look at the tenant from hell. No matter how great your screening process is, eventually the dice come up snake eyes. When a tenant refuses to pay rent or destroys the property you put in a lot of sweat and equity into, it can really push you to the edge. When you realize you just can’t throw them out on the streets, change the locks, and tell them to go to a hot place (and I don’t mean Florida), what do you do? How you deal with this situation defines how successful you will be in the business.

So how do deal with them you ask? First, begin the eviction process early. If a tenant is commonly late with the rent become familiar with the eviction process because you will probably need it. Additionally, never get antagonistic with the tenants. You can never win this battle because an angry tenant is a destructive tenant. Many new comers in the business feel like they can sue tenants. Think again. While you certainly can sue tenants, if they are being evicted they will probably not have any money for you to get from them. After the eviction process has started, the best situation is to convince the tenant to leave amicably. I have known some landlords to actually pay tenants to move out. On the surface this seems crazy, but paying a tenant say $100-$200 vs. spending $1000 (or more) for eviction plus repairs makes financial sense.

Another common situation that requires persistence is dealing with contractors. I have never personally had a project come in on or under budget. The bigger the project the more financial padding you should put in your budget estimates. Always have more money than you need. Read more

Something’s still amiss in GoDaddyland . . .

Jim Gatos in email:

Just letting you know I’ve been trying for the past 45 minutes.

Check. We seemed pretty robust earlier, but now I’m getting a legacy side-bar — changed last November when we became a group blog. I’ll look into it. My guess is that the retards are restoring from antique back-ups, which is something I can fix on my end. Of course, I have nothing better to do…

 
Further notice: “When sorrows come, they come not single spies but in battalions.” I had thought all the MySQL stuff was working properly, but Jim also reports that reading comments also does not work. Akismet seems to be letting some spam comments through — we get thousands a day — but that may be unrelated. In any case, I apologize for the difficulties. We’ll get them worked out shortly — and permanently.

Whoa! Back to normal before I got off hold. Doesn’t matter. We’re movin’.

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GoDaddy? Please, go . . .

Ouch.

We were on pace for a huge day (the luck of Prince Hal) when GoDaddy.com clobbered us for three hours. This is the third outage in about a week, and nothing we have done on GoDaddy’s end addresses the glacial slowness of the site when we’re busy — which is only about 18 hours a day.

Drew Nichols has offered to host us for free, which I cannot permit. But I sure can pay the man for hosting. I’ll research this on my own, but if anyone has experience migrating a WordPress weblog (specifically the MySQL databases), I’d love to hear from you.

My apologies if you were trying and failing to get here between around 4pm and 7pm MST.

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The silencing of the lambs . . .

Exhibit one

Romeo: If I profane with my unworthiest hand
This holy shrine, the gentle fine is this:
My lips, two blushing pilgrims, ready stand
To smooth that rough touch with a tender kiss.

Juliet: Good pilgrim, you do wrong your hand too much,
Which mannerly devotion shows in this;
For saints have hands that pilgrims’ hands do touch,
And palm to palm is holy palmers’ kiss.

Romeo: Have not saints lips, and holy palmers too?

Juliet: Ay, pilgrim, lips that they must use in prayer.

Romeo: O, then, dear saint, let lips do what hands do;
They pray, grant thou, lest faith turn to despair.

Juliet: Saints do not move, though grant for prayers’ sake.

Romeo: Then move not, while my prayer’s effect I take.
Thus from my lips, by yours, my sin is purged.

Juliet: Then have my lips the sin that they have took.

Romeo: Sin from thy lips? O trespass sweetly urged!
Give me my sin again.

Juliet: You kiss by the book.

Exhibit two

For young ladies too, it has been the intention chiefly to write; because boys being generally permitted the use of their fathers’ libraries at a much earlier age than girls are, they frequently have the best scenes of Shakespeare by heart, before their sisters are permitted to look into this manly book; and, therefore, instead of recommending these Tales to the perusal of young gentlemen who can read them so much better in the originals, their kind assistance is rather requested in explaining to their sisters such parts as are hardest for them to understand: and when they have helped them to get over the difficulties, then perhaps they will read to them (carefully selecting what is proper for a young sister’s ear) some passage which has pleased them in one of these stories, in the very words of the scene from which it is taken; and it is hoped they will find that the beautiful extracts, the select passages, they may choose to give their sisters in this way will be much better relished and understood from their having some notion of the general story from one of these imperfect abridgments; which if they be fortunately so done as to prove delightful Read more

Can yet another easy-blogging local-content solution beat community-building local real estate weblogs?

Jim Kimmons at RealEstateBusinessSuccess.com Blog has come up with yet another simple solution to the issue of using local real estate weblogging content as bait for leads. That makes four of these, by now, I think.

Okayfine. Jim may have the better mousetrap for two reasons: He’s linking directly to the blogging Realtor’s IDX search page. And he’s teaching his wanna-bloggers how to scour Google News for local content.

Do we want to declare static-content real estate websites dead? We just might. Do we want to declare real estate weblogs ascendant? If we do, can we take a moment to count how many Realtors we expect to be local-blogging (in some form) in any particular locale? How many spots are there on the first Google page again? Is it plausible that, a year from now, local-blogging Realtors will have traded static-content Google-obscurity for blogged (or pseudo-blogged) Google-obscurity? Have I made a mistake in my arithmetic?

I do not like the trolling-for-leads model of real estate weblogging. Local real estate weblogs that deliver real value are treasured resources. But the more people focus on SEO tricks or copywriting tricks or quid pro quo tricks, the more real estate weblogs start to look to me like just another form of advertising.

This is not the end of the world. It’s just the end of weblogging. It’s arguable to me that commercial weblogging, in se, is abhorrent. BloodhoundBlog doesn’t take advertising because I never want for anyone working here to feel that they might need to temper what they have to say for a pecuniary reason. I have no objection to real estate weblogging that is presented in such a way that readers ought to choose to become clients. But when roping up and tying down clients becomes the overarching objective, I don’t see the difference between that and an Adwords campaign.

At a certain level, it doesn’t even make sense to me. As with an Adwords campaign, the people attracted are a random mass, mostly buyers, often relos-without-relo-packages or people who are sublimely under-qualified financially. Certainly that’s what’s going to emerge from Jim’s new venture: It’s target assumption Read more

Rain City Guide at the dawn of its third year: “Enjoy the journey because the destination is unknown!”

Dustin Luther on Rain City Guide’s second birthday:

The power of self-publishing (and the part that is easily overlooked) is that you do not have to create the news… You just have to report it (preferably in an interesting way!).

I see so many agents get stuck on their blogging because they are trying to say something novel, unique and/or brilliant with every post. Very few people are that talented and it is not a necessary skill to either selling real estate or successful blogging. As a publisher of content, it is much more important to add a little personal insight into the aggregated knowledge of others.

This is truly profound advice. As a reflection, this — this very post — is the archetype of a minimalist weblog post: Citation, quotation, commentary. Done.

So, what is the big picture? Enjoy the journey because the destination is unknown!

And here is my own extended commentary on that point.

I have thoughts on what might be the destination of real estate weblogging that I’ll get to in due course.
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The Carnival of Real Estate . . .

…is up at Mike’s Corner. Mike Price expresses this week’s winners in win-place-show format. Our own Brian Brady came in second, with BAD LOANS: Buried In The Back Of The BreadBox, his excellent explication of the practical, long-term consequences of the sub-prime lending implosion.

The Carnival of Real Estate Investing is at the new homes weblog. Brian took first prize there.

Why did I enter Brian’s post in both competitions? Because it’s that good. See so for yourself, then go take a look at all the other great posts…

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Jeff Turner bids farewell to BloodhoundBlog

Jeff Turner has decided to resign as a contributor to BloodhoundBlog. In mail to me, he said his departure is “a personal decision and tied to where and how my energy and focus need to be spent.” I probed a little and determined that the proximate cause is this weenie brouhaha. This is unfortunate, but I had foreseen that it might happen. There are no content restrictions on BloodhoundBlog contributors — nor any rules of any kind, which sometimes leaves people’s heads swimming — so I would prefer to see disagreements settled by reasoned discourse. But, at the same time, I recognize that my priorities are not the same as everyone else’s. In any case, Jeff takes his leave as a valued friend, promising to participate as he can in our discussions here. From what I have seen of him here and elsewhere, I think he has a beautiful spirit. I wish him every good thing life can bring him.

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24 Qualities That Geniuses Have in Common

I first saw this in 1980. It was first printed in The National Enquirer. Ron Hubbard asked for – and received – permission to reprint it and distribute it. It was always one of my favorite pieces. I found it via a Google search here. I’ve been thinking of posting it on BloodhoundBlog for the last few months and seeing Greg’s post below, now seemed like the perfect time. I hope you enjoy it as much as I have.

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The worlds greatest geniuses have all had 24 personality characteristics in common and you can develop the same traits yourself, says an expert.

“Most people have the mistaken idea that geniuses are born, not made”, declared clinical psychologist Dr. Alfred Barrious, founder and director of the Self-Programmed Control Center of Los Angeles and author of the book, Towards Greater Freedom and Happiness.

“But if you look at the lives of the worlds greatest geniuses like Edison, Socrates, DaVinci, Shakespeare, Einstein, you will discover they all had 24 personality characteristics in common.

“These are traits that anyone can develop. It makes no difference how old you are, how much education you have, or what you have accomplished to date. Adopting these personality characteristics enables you to operate on a genius level.”

Here are the Characteristics Dr. Barrios lists, which enable geniuses to come up with and develop new and fruitful ideas:

  1. DRIVE. Geniuses have a strong desire to work hard and long. They’re willing to give all they’ve got to a project. Develop your drive by focusing on your future success, and keep going.
  2. COURAGE. It takes courage to do things others consider impossible. Stop worrying about what people will think if you’re different.
  3. DEVOTION TO GOALS. Geniuses know what they want and go after it. Get control of your life and schedule. Have something specific to accomplish each day.
  4. KNOWLEDGE. Geniuses continually accumulate information. Never go to sleep at night without having learned at least one new thing each day. Read. And question people who know.
  5. HONESTY. Geniuses are frank, forthright and honest. Take the responsibility for thins that go wrong. Be willing to admit, ‘I goofed’ and learned from my mistakes.
  6. OPTIMISM. Read more

Perfectibility in weblogging: Revising yourself to genius

I replaced Teri Lussier’s photo this morning. I’m talking about the little thumbnail photos you see running down the sidebar. Guys are easy to crop, because our hair is short. But in my original crop of Teri’s photo, I left her too much hair — which left her with way too little face. No big deal. I went back into the original photo and made a tighter crop. Now her face is approximately the same size as the other contributors.

But that practical example comprises what may be the most important lesson of weblogging (or even of life): If something’s not right, fix it. This is an inherently revisable medium. Changes go down the memory hole, so there is always the peril that someone will change something in order to deceive or occlude. But we gain the corresponding power to chase a convergent series of minor corrections to something that just might blow a kiss at perfection. Most big things are accretions of little things, and, if the little things are right, the big things are that much easier to handle.

It might be Sunday, but I have a homework assignment — for Teri and anyone else who might want to play along. I’m doing a diagnostic interview with Teri to find out where she is on the weblogging ziggurat. Teri’s assignment is to write a BloodhoundBlog post defining what she sees as the challenges facing her as a new real estate weblogger, detailing her desired end goal from real estate weblogging and offering some ideas of how we might get from one to the other. This is really just a writing assignment, so no one should feel too constrained. If you’re playing along at home, you can post as a comment to this post or do something on Active Rain or on your own weblog.

Here’s a hint for Teri or anyone who wants a gold star on their essay: Revise yourself to within hailing distance of perfection. On the other hand, don’t kill yourself. Aim for the best work you can do in an hour. Why? If you’re spending hours trying to Read more

Webloggers and the press, Part II: Oversight and S.W.A.G.

Last week, I wrote about my objections to webloggers being regarded as “the press”. My post was interesting, I hope, but the comments were fascinating (by which device I commend you thither).

But wait. There’s more. An important reason not to regard — or to affect to regard — webloggers as “the press,” is simply that the transparency of weblogging entails a vigilant oversight of “the press.” They don’t link. We do. There can be valid reasons for not linking — technologically impossible or ossification of writing habits. But again and again mainstream media figures are exposed as having taken tendentious positions, attempting to take advantage of the audience’s relative ignorance. James Taranto has made a career of exposing the self-destructive biases of The New York Times.

Occasionally, a deceptive weblogger will be exposed in the same way — but that’s the point. We live in a world where we expect every assertion of fact to be checked and challenged. For too long they (not all of them, but the worst of them), have lived in a world where they expected to be taken on faith — and where that faith was easily abused. They will be much improved, in time, by mastering our virtues. We have nothing to gain — and everything to lose — by enmiring our reputations in their vices.

And it is important to make the distinction between viewpoint and bias. A point of view is common — all but ubiquitous — among weblogs. We are not all about opinion, as is sometimes charged, but a weblogger’s opinions are never very far from his keyboard — nor should they be. By contrast, bias or tendency is an attempt to sway by underhanded means — by deliberately quoting out of context, for example, or deliberately ignoring a contrary point of view. Ideologues of all stripes shriek about bias in the mainstream media because the mainstream media loudly proclaims itself to be without tendency. It is very easy to discount for a point of view. It is virtually impossibly properly to weigh the influence of a hidden bias.

And still more: There can Read more

Splendor amidst the squalor: There is nothing good about self-destruction

I said: “The social agenda, it would seem, is to make the world safe for high-schoolish exclusion.”

And: “I don’t think there is anything good about indulging and encouraging the worst in people.”

And: “Here is the unstated moral principle undergirding ‘realweenie’: It is a moral good for like-minded people to get together to chortle about other people they don’t like.”

To this, Joseph Ferrara asks: “Where are the examples of chortling?”

The answer was posted last night at Sellsius, with Teresa Boardman as the first commenter:

By these means do Joseph and Teresa rebut me by proving me right in every particular.

I saw every bit of this coming from Pat Kitano’s original post. I wasn’t working them, playing them like chess pieces. But people are who they are, and they will act upon their base premises, no matter what.

Michael Thoman quite properly chides me for suggesting that I had entertained the idea that Teresa’s weblog might be a joke. I never thought that was the case. In a comment at Sellsius, John Lockwood wonders if I had thought the weblog was directed at me. In fact, I thought it was directed at sites that, like BloodhoundBlog, are addressed to the industry rather than to consumers. I have seen Teresa make what I thought were underhanded comments, here and here, among others places, putting me on notice that she likes cutting people down to size, as people say.

What should you do about people like that? Avoid them, of course. There is nothing of the good in the dismantlement of oneself or the attempted dismantlement of other people.

This changed for me when I saw that weblog. I could stand up for what I know is right, knowing, in large measure, what to expect in consequence. Or I could take a chance a bunch of innocent people would get themselves cut down to size.

All week we have heard the expostulation, “But it was just a joke!” This is untrue. In the first place, “Can’t you take a joke!?,” is the ready-to-hand resort to plausible-deniability deployed by people who habitually make personal attacks disguised as jokes. This is why Read more

Another voracious splog

The site realne.ws is stealing content wholesale from these RE.net weblogs:

  • BloodhoundBlog
  • Real Estate Webmaster World
  • Housing doom
  • Sellsius
  • Inman News
  • Behind The Walls
  • Future of Real Estate Marketing
  • Finding Senior Housing
  • Rental survival Guide
  • Rain City Guide
  • Curbed San Francisco
  • First Time Home Buyers
  • Zillow
  • Center For REALTOR Technology Blog
  • Trulia
  • The Move Blog
  • The Real Estate Guide
  • Living with Roomates

I’ve complained to Google, but that can be like pushing a rope. I’m not able to unearth any contact information on the owners of the site.

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Introducing Teri Lussier, my Project Blogger protege

Let’s get the introduction out of the way first, a brand new BloodhoundBlog contributor:

Dayton, Ohio, is the life-long home and territory of Teri Lussier, the newly-minted Realtor become newly-minted real estate weblogger who is Greg Swann’s co-contestant in Active Rain’s Project Blogger.

I didn’t like the Project Blogger logo, so I made one just for us:

I wrote about this real estate weblogging contest nearly a month ago, but it’s taken a while to iron out all the details. You can read all the rules at Active Rain. I’ve already been building stuff as course material for the contest.

And this will continue. A great many very interesting people campaigned to compete with me in this contest. I picked Teri because she was game and fun, and because she was the greenest candidate overall, both as an agent and as a weblogger. But, even though I could only pick one co-contestant, everyone is invited to play along with the BloodhoundBlog team.

How’s that? Because we’re going to conduct the entire contest in public, of course. I’m sure Teri is aghast to discover that she is now a BloodhoundBlog contributor. I didn’t tell her I was planning this. Her charge, going forward, will be to talk to us about the challenges she faces as we build a weblog for her back in Dayton. Meanwhile, I cannot keep my own trap shut, so you can figure pretty much everything will get blogged about by one or both of us.

I don’t care if we win. Cathy will just give the prize money to indignant cats. But I do care that we do this job properly. Teri is her own person, and there is only so much I can teach her. But I will endeavor to teach her — and you — everything I know about real estate weblogging.
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