Landlords have hearts, too. Dave Holman, an investor and author, tells the story of when he checked in on an elderly tenant who was set on never moving to make sure he was alright. Listen in to hear what happened, why he got into real estate in the first place, and why real estate is really a service profession - and hear about Dave’s books on coffee, cyberwar, and climate change.
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- 00:20 - Introducing Dave Homan, an entrepreneur and investor
- 05:30 - Building management is just as, if not more important than the price you bought it for
- 05:43 - Learn about tax abatement; great management is about being surrounded by professionals who know what they’re doing
- 06:40 - What he invests in
- 07:05 - He has helped his family in Bolivia buy property there; Dave’s investments are in Maine and he can see the improvements in real life
- 08:50 - Dave’s CSIRE story
- 09:15 - They have an older tenant in a building they own; he didn’t want to move and didn’t have family
- 10:00 - A neighbor called and said he had fallen; they called the sheriff to get them out for a health check
- 10:55 - He arrived as the sheriff was leaving; the sheriff said the man wasn’t there and it turns out he was in the hospital but still didn’t want to move
- 11:45 - Landlords aren’t evil people; they care about people and want to make money, too
- 14:10 - Why he got into real estate
- 14:25 - He realized he could help other people and teach others how to invest, too; real estate is a service profession
- 13:55 - Dave’s books Coffee Smuggler and Cyber Fire
- 20:05 - How to get in touch with Dave: (207) 517-5700 or go to his website at www.holmanhomes.com or email firstname.lastname@example.org
3 Key Points
- You make money when you manage.
- Look at the property for cash flow and humanity.
- Real estate is a service profession.