Category: Uncategorized

A common lie in the real estate business (and the key to sales)

My least favorite saying in real estate: “If you aren’t a buyer at these prices then you should be a seller.”It simply isn’t true.Transacting real estate is extremely expensive and time consuming. You can’t just trade in and out of it at the click of a button like a public equity.The people you have to […]

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May 13, 2024 4 mins read

How to handle (or avoid being) a crappy boss and three free online workshops

If you’re pissed off with a co-workers performance or the management style of a boss you have two options: 1) blab around the office and complain about it. 2) go to your boss and discuss it. #1 wont change anything and will likely get you fired. #2 probably won’t change anything but at least you’ll […]

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5 mins read

The time to buy real estate is right around the corner

Two sponsored things before we dive in: #1: I’m hosting a free webinar on SEO and getting your business found on Google. I’ll spend an hour with my friends Barrett O’Neill and Simon Purdon and we’ll teach you everything we know about ranking your business on Google. ​Signup here (people who signup will get the recording). And #2: I […]

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6 mins read

Don’t read this (it will make a lot of people angry)

What I’m about to say will upset a lot of people. If this offends you, I’m sorry. But here goes: Entrepreneurship culture in America is all messed up and it’s a shame. TechCrunch. Product Hunt. Shark Tank. It’s all about new ideas. Changing the world. Innovation. 0 to 1. Blue ocean. Venture capital and exits […]

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5 mins read

How real estate investors make millions and pay almost nothing in taxes

PSA: I made a list of the best accounts on Twitter to follow. See it here.​ We’re going deep in the weeds in this email – if you take the time to study this stuff, I guarantee you’ll learn something! Many of the wealthiest people in our country earn millions of dollars per year and pay […]

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11 mins read

Why working harder doesn’t mean making more money (and how to make more money)

A quick sponsorship note before we dive in: I’ve began building links for my companies with Bold SEO and it has been an absolute game changer. Most small businesses can rank high on Google with a well structured website and 1 thing: Backlinks. No links -> no domain authority -> no ranking. Want to increase your domain authority […]

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4 mins read

How to get promoted (and how to create excellent place to work)

A quick sponsorship before we dive in: I got the annual premium on my 63 self storage facilities reduced from $380k to $280k AND got better insurance. I switched to Titan Risk as my property insurance brokerage. Set up a call if you own commercial real estate and your renewal is approaching! I’m an investor in the […]

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5 mins read

How my temper almost set me back millions of dollars

Tax season (for me) is here and my final income tax bill will be $0 for one main reason – Cost Segregation Studies and bonus depreciation. DO NOT FORGET TO GET COST SEGREGATION STUDIES DONE ON YOUR REAL ESTATE. The folks at RE Cost Seg have already delivered my cost segs this year and the depreciation is mouth […]

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4 mins read

The 3 things you need to start a mega-successful company

I’ve hired 30 employees outside of the USA with the help of Shepherd and it has been an absolute game changer for my business. Underwriters in Colombia for $1,500 per month full time. Customer service reps with perfect english in the Philippines for $1,100 per month. Executive assistants for my construction team for $1,000 per month. If you […]

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4 mins read

How to charge customers more money and have them thank you (all the way to the bank)

Is it time to sell your business? I launched a business brokerage. We now have 1,300+ buyers on our distribution list. When we get a listing we’ll do a breakdown of the business to my 190,000 newsletter subscribers, and several tweets promoting the listing (I get 50 million impressions a month on Twitter). Want to sell […]

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4 mins read
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179: How profitable is a self storage facility?

In today’s episode, Nick talks about a self-storage facility that he and his partner bought in July of 2019. He goes over the numbers of buying it, operating it, and income from units being rented out, as well as expenses. His goal is to show you just how profitable a self-storage facility is. This property […]

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Prefer a more positive outlook? Check out the businesses I love. I don’t like businesses that have a lot of passionate people involved. Businesses that are fun and are a lot of people’s hobbies. Passionate people think with their hearts instead of analyzing the markets. Passionate people make poor decisions. Passionate people start companies because […]

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