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Lessons

The Art of Firing Contractors – How It's Done

Bob McIntosh | Investing Strategies > Rehabbing / Fix & Flip
" Here at Real Estate Mogul, we have the privilege of interacting daily with some of the real estate industry’s most respectable contractors. Most of these talented men and women are consummate professionals, who take justifiable pride in a job well done… …and humble bloggers like us hold a deep appreciation for their conscientious expertise across such a broad spectrum of renovation-related topics.  (Thank-you for all you do!) But we know that we are spoiled.  We know that most folks – including many of you reading these words – are not surrounded by such a high concentration of respectable contractors each day. Yes, every industry has its fair share of “bad apples”, and the real estate business is no exception… So we hear our fair share of horror stories about the unprofessional contractors – the disappointing minority who attempt to take unfair advantage of Mogul’s 13,000+ members. And it absolutely breaks our hearts.  (Truly.)  We hate to see our friends and members suffer from negligent contractors in the same way that we hate to see our children suffer from negligent dentists. What to Do? The heartbreaking question that arises most often from these painful situations is this: “What am I supposed to do with my unprofessional contractor?” Indeed, dealing with contractors who don’t get er’ done seems to be a tricky situation for many investors. So we sought advice from our in-house rehabbing extraordinaire, Bob McIntosh, who has a long history of providing superb renovation-related advice for us at Mogul.  Fortunately, Bob agreed to expound on the subject of firing bad contractors in today’s lesson. Check-out the following video lesson for Bob’s explanation about why and how to “Donald Trump” their lazy butts! The Red-Headed Rehabber Explains… {Mogul Elite: Download a transcript and MP3 of this lesson in the Power Pack tools for this lesson.}   "

The Picture Pages Way to Organize Your Tasks and Teams

Bob McIntosh | Business Development
" While sticky notes was one of the greatest inventions since sliced bread, as a system for organizing your daily tasks they rate an epic fail.. If your office and desk are decorated with fluttering bits of note paper and sticky notes (and if you’re always hunting for the most recent note you scribbled), you need this video lesson, which can help get things in order. Organization not one of your better traits? The word organize may make you cringe. You want to organize your tasks (and possibly your team members). You know that being organized saves time and money – but how to do it seems to be some elusive secret. Well now the secret’s out in this video lesson. Check out what a professional has to say. A guy who has spent years in the corporate world, and who now lives and breathes real estate investing, internet marketing, and technology, should have some knowledge of how to organize tasks and teams, right? Of course, right! Bob McIntosh has leveraged his experience as a seasoned investor, combined with his passion and knowledge of technology, to deliver the best education for homeowners on their homes. And make sure you check out Bob’s other great lessons too. The Picture Pages way. If you’re a child of the late ’80s/early ’90s, you’ll remember the (awesome!) TV show with Bill Cosby called Picture Pages that presented simple teaching concepts via lively pictures and graphics. That’s about as easy as it gets for this program that Bob describes in this great video lesson. It’s guaranteed to help you better organize your business. {Mogul Elite: Download a transcript and MP3 of this video in the Power Pack tools for this lesson} Holla at us Was this simple and helpful for you? We wanna hear from ya in the comments section below.   "

Done Vs. Perfect - How Perfectionism Is Ruining You

Bob McIntosh | Inner Game
" Ever hear sayings like these when you were a kid? Practice makes perfect. Whatever is worth doing at all is worth doing well. Do it right or don’t do it. I think we all have. Such sayings shape the way we view and handle our business operations. Basically, there’s nothing wrong with striving for quality – that is, unless such a goal gets out of kilter…. Meaning the drive for perfection could become an obsession; and that obsession could cause you to waste time and energy and lose your focus. It may be that the little details you’re striving to perfect could amount to little or nothing in the vast scheme of things. To help set us on the right path, we have the "Red-Headed Rehabber" Bob McIntosh on our side. Here’s already provided us some awesome lessons, which you should definitely check out. In today’s video lesson, he’s going to share a little-talked-about concept that’s sure to change the way you look at how you run your own business. Breaking the “Perfection Barrier” Bob is full-time rehabber who effectively and efficiently runs a thriving and highly profitable rehabbing business in multiple markets. In order to do so, he had to understand the concept of how to break free of what he calls the “Perfection Barrier.” No, this isn’t a license for sloppy work or careless business practices. On the contrary, this video lesson is going to point you in the direction of higher production levels – and ultimately to a greater profit margin. You may be caught in the trap of perfectionism and not even have a clue that you are. This video lesson will surely be a terrific, eye-opening experience. Holla at us Are you a perfectionist? Do you see how that may be holding you back? Share some thoughts with us in the comments section below.   "

Done Vs. Perfect Part 2 - What Are You So Afraid Of?

Bob McIntosh | Inner Game
" Hey Moguls, today’s great video lesson is the continuation of a two-parter from the super smart Bob McIntosh. In Part 1, Bob talked about how perfection may be ruining you… he explained how an obsession with perfection could cause you to waste time, energy and lose focus. But thankfully, Bob put us on the right path. And he’s following it up today with a jammed-packed Part 2. We’re just gonna say it – perfectionism is not your friend. Really, we’re serious. Look, we get it, you’re an entrepreneur; you’re a Type A, do everything right, it must be perfect, kinda person… But we’re here to tell you to snap out of it! How? You have to self-modify. The "Red-Headed Rehabber" Bob is awesome. He specializes in rehabs and fix & flips. His Renovation Domination systems and processes for renovating homes has been proven to work successfully in any market in the U.S. We are thrilled to have Bob on board at Mogul because he is a genius at taking all the technical mumbo jumbo out of what we do and teaching it in ways that are clear and easy for everyone to understand – and reap the benefits of his awesome advice. He’s already given some super-useful REI advice, which you should definitely out from his awesome previous lessons. You Want (and Need) this Video Lesson One of the ways to get us over this perfection silliness is to find a mentor – a good one who won’t sugar coat things with you – and who can help you decide what you need to do and what you can pass on, and how to outsource and delegate appropriately. In order to change this perfection habit though, it’s so important to understand where that need to be perfect comes from. And wouldn’t you know that Bob and our own JP Moses dive into some good psych talk that Freud himself would be proud of. Oh is this ever a great follow up, packed with tons of helpful info…   Holla at us Are you a perfectionist? Do you see how that may be holding you back? Share some thoughts with us in the comments section below.   "

Should You Googleize Your Business?

Bob McIntosh | Business Development
" Hey Moguls, JP here, talking today about the amazing number of resources and tools that technology now affords to all investors. It seems this number is increasing exponentially each and every day. All of these tools can help us centralize and systemize our businesses so that we can be more effective in how we handle daily tasks. To help us, we’ve enlisted the The Red-Headed Rehabber, Bob McIntosh. More on him later… No One-Size-Fits-All We love telling you about these tools; we love trying them out. And the neat thing is there’s not a one-size-fits-all in this arena. Some people’s personality, and their style, and the way they want to set up their business, and the way their team is structured, will fit better with one tool versus another such as for: Project management systems Cloud storage Do-to list organizers We try to cover the gamut and provide you guys with as many reviews as we can with systems that are the cream of the crop. Past Lessons on Google As today’s great video lesson will show you, we are already big believers in Google, and we’ve spotlighted their resources in the past. Below are a few examples for you to check out: 4 Google Add-Ons That Rock the House 5 Things You Didn't Know You Could Do with Google Drive Pimp My Google Voice My Conversation with Bob McIntosh Today, I’m going to bring you into a conversation I had with another one of our faculty members, Bob McIntosh, about how and why he Googleized his business. Bob has, quite literally, plugged his business into the entire array of Google products, and he explains the benefits of doing so. (And if you haven’t already, make sure you read Bob’s other awesome lessons. This guy knows his REI stuff.) If you’ve considered doing the same thing; or if you’re on the fence about it; or you’re not even sure what all of this means, this video lesson is going to be a big help to you. (PS: I also have my whole business plugged into Google, so Bob and I are right in sync with this.) Consider this video lesson part of your due diligence in sizing up how you could systemize your business. {Mogul Elite: Download a transcript and MP3 of this lesson in the Power Pack tools for this lesson.} Questions, Comments… Okay. So now you know why Bob and I both choose to Googleize our businesses. What do you think about all of this? Do you use other resources that you like even better than Google? Talk to us. Leave your feedback and questions below.   "