Real Deal #27
New Training Video:
We are doubling down on “Operational Excellence” in 2022. I believe video format is a great way to train employees, improve communication, and attempt build culture in remote environment. (or as the cool kids say…full distributed)
Quote I love: “There are no bad teams, only bad leaders.” - Navy Seal Mantra
I love this quote because as a leader all failures rest with yourself and not your team. Missed the budget. Your fault. Low occupancy. Your fault. Bad Customer Service. Your fault. By taking accountability, leaders are forced to own mistakes and start solving problems.
Bonus points to folks who know what book I am reading now…..
Mental Model: Today the quote doubles as our favorite mental model.
Lagniappe: Inflation & Self Storage I paid $18 for a hamburger, onion rings, and water last week for lunch. Due to all the money the Fed has printed over the last 18 months, I firmly that inflation is here to stay. Real estate is viewed as a good hedge because of your ability to increase rents lockstep with rising prices. Self Storage has the added advantage of month-to-month leases further protecting income. While inflation certainly does not me happy, all owners of real estate will benefit in the long run from rising asset prices. Nothing seems more apparent today than the high demand for cash-flowing assets that have “durability” or the ability to withstand market downturns.
It was short and sweet today. If you enjoyed this today, please forward it to another curious friend. I love your replies to The Real Deal. I read every single one, and I try to respond as often as I can.
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