Monday, January 6, 2014

Time To Make Some Goals For 2014


What  do you have planned for 2014? Planned for your business and for your personal life if you have one…

2014 will be the year of restructuring my companies and setting up an infrastructure that works. I expect by the end of the year to be completely reorganized in a manor where I can focus on growth rather than day to day operations. 2013 was good for making money but I didn't grow my business much like I wanted to. 

I figured out the reasons why. My companies are experiencing growing pains. I buy a new house and it takes months to get it rehabbed. My guys are so busy with tenant maintenance requests, clean outs, city approvals, section 8 inspections, etc that they don't have the time to do rehabs anymore. They spend a day here or there on the rehabs so my holding costs are high and nothing gets accomplished within a reasonable amount of time. That will end this year.

I have 1 of 2 options, my contractor can get multiple crews going 24/7 with one or two always on the new rehabs and another always on the repairs or I will have to hire on another crew. That problem will be solved within the next couple of months. I have loyalty to my contractor / friend and will try to get him to step up and make some more money. Because I want both of us to grow together. And it's going to have to happen right away.

We are just now finishing an 8 month long real simple rehab on Harrison and now trying to get to my own house in Roanoke County finished so we can knock out my new office. Once the office is complete I will have the room to expand and hire a personal assistant so I can completely eliminate every aspect of property management from my life and focus on growing a strong healthy group of companies. It's been very hard for me to get anything done due to being spread too thin and that's going to change this year.

2013 was irritating to me due to my infrastructure problems. I now know what I have been doing wrong. 2014 is going to be awesome!!!

0 comments:

Post a Comment

 

Real Estate Investors of Virginia. Copyright 2009 All Rights Reserved