It's Good Friday & Some Agents Are Working

Good Friday is normally one of the true holidays. But people are working
We have had come in today
1 contract for resi property in Gold Coast signed today
1 contract for resi property in Ipswich signed today
1 contract for resi property in Sunshine Coast signed today
1 contract for resi property in Ipswich signed yesterday but emailed through today

plus I did 4 x urgent entity setups for a developer who is signing on 2 adjoining sites today and needed the company registered and trusts done otherwise seller was going to sign with someone else.

 

Good on you RPI, get in and get it done.

Did some work today too, but made sure I got a break by taking dog to the beach. Always good to reset a little then hit it hard upon returning.

 

Principal agent - I am the emergency contact and on 200 properties there is never a break. I've spent the day arranging emergency maintenance.

Very grateful for my maintenance team who have left family BBQs to go and take care of overflowing sewage, broken windows, hot water systems not working (cannot leave tenants with no hot water for 4 days), front doors that did not close causing security breach. They even picked up keys for quotes on painting and the end lease cleaners have been working their butts off with a series of vacate cleans for tenants who are moving in next week.

We even did open inspections today for both sales and rentals- need to keep it all going.

I will get a break on Tuesday when my office opens and office staff start taking maintenance calls.
Oh wait - meeting new landlords, 4 outgoing inspections and running a seminar at night - damn!

 

Very few to no opens of interest for this buyers agent, and no IT work scheduled, so slept in till 11am, then spent the day manicuring my lawn and gardens, then took the dogs down to the dog park for a run and play. Its always nice to have a long weekend off... staff are on call for emergencies so nice relaxing time to be had

 

Ahh this explains why my bank mgr didn't answer my phone calls. He's excused on this occasion.

To be fair I knew it was Easter. I just thought it was Thursday. One of the challenges of 'working' like I do is trying to keep track of what the real world is doing on any given day.

Blacky

 

Wow, it's never ending! I was speaking with a local principal agent here and she changed her agency from a standalone very well known boutique agency to be part of the McGrath network. She was putting in near 100 hour weeks before the change and now she said she does 60-80. She said she loves selling but hated managing the rental side of the business.... if any weather related event happened affecting the properties the staff would be overwhelmed by all the maintenance needed to be organised (and I suppose, being in the middle of communications with all the tradespeople, owners and tenants could be very difficult with 100 things going on) and it would take days to get through. So now she doesn't manage any rental business and she says it suits her!

 

Expect that you hard working PM's would have something come up on Good Friday, thought the sales agents might take a break though.

 

Worked a 14hr day yesterday. The last big push moving premises after moving the last 2 weeks straight.

Basically we have moved 800m2 workshop facility about 300m down the road. It doesn't matter it it's 300m/3km/3,000km, you still have to load and tie loads down correctly etc. We have thrown out 50m3+ of rubbish and accumulated crap over 10 years. The new workshop will be free from all that hoarded gear.

Over the weekend I only have a few odd jobs to attend to, maybe 8hrs more, then the office comes down Thursday as my last day of tenancy.

Over the past 2 weeks I have also been setting up our new blast facility. I is 3x as big and also 1 higher. I can now fit a dragline bucket in my booth if I wanted to. Opens up many opportunities for larger work. Next month I have to build our spray rooms, but in the meantime will have to spray in some makeshift shipping container and igloo tops.

Looking forward to the end of April, when it's all set up, and we can go back to full production.

pinkboy

 

Put in some hours on good Friday too - can't complain though - I did just have two weeks off

 

My long weekend consists of house moving (should be practicably finished this weekend!), again, making sure unit is presentable for sale (looks like a kitchen drawer just spontaneously have up the ghost and broke so I was fixing that last night,) 2 airbnb changeovers, a crazy sh#tload of related washing and showing a few groups of people through our house. Hopefully we can have a slow and relaxed Easter Monday...

 

Wow. That is one big room.

Moving house is horrible, an office is worse but moving what you have must be monumental.

 

8T truck, 4T truck, 2x car trailers, forklifts at both ends. In between loads, forklift guy has been cleaning and clearing up at both ends.

All my staff worked all last weekend, so they deserved a well earned rest this 4 day long weekend.

Don't forget we were also trying to accommodate client needs as well, blasting and painting in between moving.

The new blast booth measures 14.4m wide x 12m long x 5m high. Have had a Boilermaker building the framework for heavy duty doors and roof supports all week, now he is just welding out the 3mm thick steel floor I decided to put in. Just have to get the dust collector and grit reclaimer in on Tuesday, and electricians in on Wednesday. Should be back up and running by Thursday. Pics soon when its all done.

pinkboy

 

public holidays dont mean all that much to me, didn't do any work yesterday but flying out tomorrow to melbourne for a week of intense work while still working on things back in perth. the last month has been insane but I do get periods of not doing all that much, last year I think i had 3 months of doing 20 hours a week max.

got a week in melb this week, a week back in perth, then a week or so in hk and kl, then 2 weeks in perth then 1/2 weeks in San Diego and San Francisco. then of course is EOFY stuff to sort out.

not all bad, the stuff im working on is pretty fun and exciting and I've got Rio, Jamaica and NYC to look forward to for a friend's 30th in August.

 

Yep, but planned the week well to fill all my vacancies and get all the maintenance requests finished so deserving of a break. Still responding to both client and tenant emails though of course.

 

Sanj what do you do?

 

I've never understood why Xmas is the more sacred holiday for Christians. Jesus was born, big whoop. On Easter he supposedly came back from the dead. If I believed in this stuff, this would rank higher surely.

 

a few different things.

property - do my own value add projects, eg apartments about to be finished. consult to others for everything from developments(incl finding the site and taking it all the way to titling), sourcing commercial property including lease negotiations and sometimes organising fitout, sometimes just helping with negotiations on a sale etc. recently found a site for someone to build a PPOR that i exprct to be worth around $3.5m at the end and went through the process of interviewing 11 to find the right architrct for the job.

business - got a few on the go, main one taking my time atm is a tech distribution business and some related start ups in that field. with the fast growth recently I've committed to spending a decent amount of time on it compared to before where I was only involved in strategic direction and some legals. now handle all agreements, strategy, new employee sign off and deals/agreement, all other legal and structural stuff and help with some of the funding.

also have some other business interests including a nightclub that I spent a lot of time on last year as we were renegotiating a very complicated lease with a tough landlord and organising a major refurb but am not involved in day to day operations. in the past have had other businesses, including in the events/music industry and dairy/food ingredients but not really involved in that much anymore although still in close contact with those who are.

also manage investments for myself and family which takes up a lot of time and handle most of the liaising with accountants and Lawyers etc on behalf of the family and smsf.

dropped out of law school just before the end of my degree but have ended up dealing with legal stuff a fair bit. eg in the last month alone I've dealt with 4 different lawyers about 4 different matters, one involved getting equity in a start up looking to list in asx in the future and the previous parties were not able to come to agreement after many months. managed to get it sorted and hopefully we all make good money out of it.

finding the crossover between everyone protecting themselves legally and still finding a commercially viable solution is probably one of my strengths so people are starting to value that instead of just having lawyers on both ends arguing without a result. in the recent case it took me a lot less time to get a result than their lawyers previously and it was me alone negotiating with their director; who used to be founder and MD of a $500m company, and their lawyer who heads a decent sized firm with 4 locations focusing on corporate matters. I try to leave lawyers out of negotiations and generally only get them to provide opinion at the start and sign off at the end to ensure all is kosher but if they're involved the whole way on both sides it often ends up a pi$$ing contest that costs lots of money and gets nowhere

 

So basically you're a real entrepreneur and not a self appointed one.

Awesome!

pinkboy

 

going to America on invitation of someone I'm trying to get to be our chairman for a particular start up. this guy has had 10 or 11 start ups and all ended up in IPO, merger or getting bought out. his neighbour has a big party in may every year for his birthday and Neil Young has played in the past, in the backyard! hoping to then go to San Francisco with him to expand the network

apologies for the long post above, I generally don't like to talk too much about what I'm up to but decided to today

 

Thanks for sharing Sanj
A law degree would be awesome to have