Shannon Robnett Industries’ Blog About Business
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Shannon Robnett Industries (SRI) doesn’t just have a personal and financial stake in syndicating real estate deals in Boise, Idaho. Shannon Robnett is building the future of his home town and investing in his back yard. Because as you know Real estate success is only one sign of economic health, so the healthier businesses are overall, the more robust the economy is overall, improving the odds we have for success in real estate. It is one big cycle.
This is why SRI takes the time to maintain a blog about business. Our entries discuss some strategies we and our clients can employ to keep Boise’s economy--and our businesses--as strong as possible.
This is why SRI takes the time to maintain a blog about business. Our entries discuss some strategies we and our clients can employ to keep Boise’s economy--and our businesses--as strong as possible.
5 Daily Habits for a Highly Successful Real Estate Investors
Getting ahead of the competition can be a struggle if you haven’t decided which habits to nurture in order to help you walk the path to success. When it comes to real estate investors, they look at their simple daily routines as something that gives them an edge in this industry.
While there is no definitive list of characteristics that make someone successful at real estate investing, most successful real estate investors share a certain set of characteristics. Check out these five daily habits that all the members of the Shannon Robnett Industries practice, which we hope will bring you forward in business and life.
Competence – it is crucial to understand the ins and outs of investing in real estate. Joining local associations, such as a real estate investment association, can be a great way to develop an understanding about real estate investing. Learning as much as you can about real estate will help you become a more competent investor.
Make decisions grounded in logic – with every investment decision you make, your strategy must be based on facts and logic. You cannot let emotions sway your financial decisions. Work on developing solid financial goals based on your knowledge and understanding of the market and avoid being influenced by emotion in your real estate transactions.
Understand the real estate market – while it is necessary to understand the principles and strategies of real estate investing, you must also understand your market. Certain concepts you’ve learned about may not apply to the real estate market you’re investing in, so completing your own research becomes essential. Asking questions of successful real estate investors or joining a real estate investors association can provide valuable information. If you are using money from a self-directed IRA for your real estate investments, it is crucial to understand the applicable rules and regulations.
Be consistent – when you first begin investing in real estate, you must develop an investment strategy. Begin developing good habits early. There will be regular steps to take on a daily, weekly or monthly basis – do them consistently. Consistency is one of the biggest hurdles to overcome, but if you do establish consistency, success will likely follow.
Establish good character – Stick to your principles and treat business deals the way you would a relationship – treat the other person like you want to be treated. Shortcuts and hasty deals can backfire, and a damaged character is more difficult to repair than the “fixer upper” investment property. In the world of real estate investing, opportunities abound.
With patience, logically-grounded decisions, and professionals to help you, you will have a much more enjoyable real estate investment experience.
Net-Worth equals your Network
Did you know that you don’t need to spend thousands of dollars for the best real estate investment conferences and networking events?
It’s easy as this: Net-Worth = Network!
But, I’m going to tell you something that I’m unapologetic about - this isn’t for everyone.
The truth is, there’s no such thing as a “perfect” system that will magically get you the results you want. If it was that easy then everyone would be doing it. We can tell you everything we know about how to build your real estate investing business, including how to:
Build passive cash flow with investing in real estate
Make money without even leaving your home
Use proven wealth building strategies
Create financial freedom for you and your family
But it’s up to YOU to make it happen.
People who succeed in this business, or anything else – face challenges along the way.
If you’re trying to accomplish something worthwhile, chances are you’re going to stumble and fall at some point. The question is, how are you going to deal with it?
That’s why continually educating yourself and building your network is so great: it’s like your GPS that shows you exactly where you need to go every step of the way.
When you have no road map, it’s easy to freak out and get frazzled the moment something doesn’t go according to plan.
On the other hand, someone with a solid guidance system never fears a bump in the road.
Shannon Robert Industries’ years of experience can help you all along the way. With the help of tools impacting your Financial Freedom
Now is a brilliant time to be investing in real estate but make sure you have the most current knowledge about the market so you can invest successfully.
So, what are you waiting for?
Click here for more information.
Why Invest in Commercial Real Estate in Boise, Idaho?
Successful real estate investment requires a delicate balance between the availability of opportunities (supply) and the desirability of the end development (demand). Boise, Idaho, and surrounding areas are uniquely posed as ideal locations for some of the nation’s best real estate markets.
Boise Is a Growing Commercial Real Estate Market
For the last few years, Forbes magazine has ranked Boise, Idaho, as one of the fastest growing cities in the United States. As Shannon Robnett Industries (SRI) has made many successful real estate syndication deals in the Boise area, we have also collected information on why this area is booming. Boise boasts the following:
A population of more than 730,000 people. (census.gov)Many people think of Idaho as entirely rural and remote. The Boise metro area, however, is quickly growing with many urban advantages while maintaining close ties to nature and rural areas. There’s open land available for ground up, multi-family investment property developments along with an already expanding population to fill them.
Every year Boise ranks on a slew of top 10 lists. The city has been placed among the best U.S. downtowns, the best city to raise a family, the healthiest, best place to retire, best place to be a doctor, a good spot for yogis and asthmatics, and yes -- Boise was even ranked among the top sexually active cities.
Job growth - With large employers like Amazon in the Treasure Valley, along with some of the state’s largest employers already being Boise-based job growth can sustain the population growth we rely on to support our syndication investments. They are also fast growing when it comes to career and workers partly because of employees working remotely. Read more about it in this article.
According to the Wall Street Journal, Boise is getting a lot of attention for their housing market, not just locally but nationally.
Idaho is a business-friendly state regarding taxes. Another way Idaho can sustain job growth is its attractive climate for small and large business expansion. Regulations are minimal, therefore also creating an environment where perfectly legal tax shelter investments are free to grow.
Want to know more where Idaho really stands out when it comes to health care, education, economy, infrastructure and more? Check out its rankings.
Why Boise is great place to retire - If you’re a young person looking for a fresh start, or you’re sick of spending your whole paycheck on rent in a big city, check out why Boise is the best place for you.
Boise is also booming when it comes to wellness, gone are the days for traditional gym and work out videos. In Boise you’ll find a lot of gym and workout varieties.
These are some reasons why the Boise metropolitan area will continue to be a real estate investment leader in coming years. (To learn more about the specific types of investments that Shannon Robnett Industries finances, see our Home page.
Reasons to Live and Work in Boise
Besides the tangible, numbers-driven benefits of investing in the Treasure Valley, there are plenty of less-tangible factors that contribute to an overall setting where good things are happening for businesses and for individuals in Idaho. These include:
Outdoor culture. Idahoans love getting outside for hiking, camping, skiing, watersports, and more. We enjoy experiencing all four seasons of Idaho weather.
Boise State University. Having a four-year university with postgraduate degrees in the city creates ample opportunities for education for the entire community.
Local arts scene. Boise is large enough to attract big-ticket music talents from Garth Brooks to KISS, but Boise is also small enough to support a burgeoning local music scene at venues like The Knitting Factory. The Boise Art Museum showcases local and traveling artists, and the Idaho Shakespeare Festival puts on a full repertoire of theater every summer.
Tight-knit community feeling. Boiseans pride themselves on being friendly. We don’t hesitate to smile at or offer help to strangers.
For more information on the largest cities in the Boise area, see the Chamber of Commerce web pages for The City of Boise, The City of Nampa [and The City of Meridian.
Shannon Robnett Industries (SRI) invests in Boise, Idaho, because we are proud to live in the area and excited to bring our expertise to one of the best areas to invest in real estate in today’s economy. Call 208-405-6176 or contact us here to learn more about becoming a real estate syndication partner with SRI & MVE and be one of our investors today!
5 Daily Habits for a Highly Successful Real Estate Investors
Getting ahead of the competition can be a struggle if you haven’t decided which habits to nurture in order to help you walk the path to success. When it comes to real estate investors, they look at their simple daily routines as something that gives them an edge in this industry.
While there is no definitive list of characteristics that make someone successful at real estate investing, most successful real estate investors share a certain set of characteristics. Check out these five daily habits that all the members of the Shannon Robnett Industries practice, which we hope will bring you forward in business and life.
Competence – it is crucial to understand the ins and outs of investing in real estate. Joining local associations, such as a real estate investment association, can be a great way to develop an understanding about real estate investing. Learning as much as you can about real estate will help you become a more competent investor.
Make decisions grounded in logic – with every investment decision you make, your strategy must be based on facts and logic. You cannot let emotions sway your financial decisions. Work on developing solid financial goals based on your knowledge and understanding of the market and avoid being influenced by emotion in your real estate transactions.
Understand the real estate market – while it is necessary to understand the principles and strategies of real estate investing, you must also understand your market. Certain concepts you’ve learned about may not apply to the real estate market you’re investing in, so completing your own research becomes essential. Asking questions of successful real estate investors or joining a real estate investors association can provide valuable information. If you are using money from a self-directed IRA for your real estate investments, it is crucial to understand the applicable rules and regulations.
Be consistent – when you first begin investing in real estate, you must develop an investment strategy. Begin developing good habits early. There will be regular steps to take on a daily, weekly or monthly basis – do them consistently. Consistency is one of the biggest hurdles to overcome, but if you do establish consistency, success will likely follow.
Establish good character – Stick to your principles and treat business deals the way you would a relationship – treat the other person like you want to be treated. Shortcuts and hasty deals can backfire, and a damaged character is more difficult to repair than the “fixer upper” investment property. In the world of real estate investing, opportunities abound.
With patience, logically-grounded decisions, and professionals to help you, you will have a much more enjoyable real estate investment experience.
If you are interested to learn more about real estate investing and future properties investment opportunities, you may book a call.
Multi-Family Real Estate Syndication in a Nutshell
You may be curious about the different types of investment, particularly Single family and Multi-family investments.
Single-family properties are where a lot of investors get their start, but for most people, this means being the only investor and doing all the property management on your own. Multi-family real estate syndication can be a much better way to invest.
A. Definition and Basics
When you invest in a syndicate, you're working in concert with other investors to be part of larger deals on multi-family properties. You may be putting in about the same amount of investment as with a single-family property, but the deal is a lot larger, and you're no longer solely responsible for all management issues.
In other words, you risk the same amount of money and see similar and often higher returns, but someone else is finding and vetting the deals, pursuing the loans, and taking care of property management. This person or entity is known as the syndicate.
B. Benefits to Consider
Lowered Impact of Tenant Issues
When a tenant destroys your single-family property, doesn't pay rent for months on end and has to be evicted, or leaves with no warning, the impact for you and your investment is enormous. When you invest in a multi-family property, there are multiple tenants, so the effect of any one tenant's bad decisions is spread out.
If your single-family property stands empty, you have zero positive cash flow. But with a large property in syndication, you're still going to have positive cash flow even if there are several empty units at any one time. There's also more rental income cushion to deal with repairs and other unexpected expenses.
Shared Risk
Your risk on a single-family property is 100%. By investing in a real estate syndicate, however, you spread out risk among multiple investors. In some cases, depending on the size of the syndicate, there may be several multi-family properties involved, which mitigates risk even further.
Access to Otherwise Unobtainable Investments
There are lots of reasons investors prefer multi-family units to single-family investment properties, but costs make it difficult for any single person to be the sole investor in these high-value properties. That's why the vast majority of multi-family deals are made through syndication. Syndication allows individual investors access to higher-value properties with greater ROIs than would otherwise be possible.
Management Savings
Single-family investment properties can be very costly to manage. The rent from just one tenant often isn't enough to cover huge (and usually unexpected) management expenses, like a new roof when a storm brings a tree down or complicated sewer problems. In contrast, a multi-family property brings in enough revenue for the syndicate to hire full-time management staff to keep on top of all management issues, saving individual investors a great deal in management costs.
Taking part in multi-family syndication has advantages over being the sole and only investor in a single-family property. To learn more about this real estate strategy and other ways to ensure your realty investments are working for you, visit Shannon Robnett today and get the tools you need to achieve true financial freedom.
The Importance of Communication in Business
Trying to run your business with no communication skills whatsoever can be a little risky. Imagine trying to sell or buy products without excellent communication, or solely work in synchrony with your employee without mutual understanding. It could easily cause chaos in the system.
In today’s digital age, communication is easily done in several formats. it’s essential to retain the ability to verbally interact as well. Regardless of how it’s done, here are three reasons why you have to keep it at work: 1.Will help you gain the trust of your employees.
It’s well-known that building a good team is necessary when it comes to the success of the company, but it can be challenging to achieve without the unity of the staff members. Communicating professionally and respectfully can develop a positive atmosphere at work, which can lead to less tension and stress at the workplace. Moreover, by simply keeping in touch on a regular basis, discussing and handling problems jointly is helpful for the company’s productivity. 2. It can help you maintain good relationships with customers.Communication is essential when it comes to customers since the success of the company primarily depends on them. Thankfully, this is easier today than it has ever been, as there are a wide variety of ways to keep in touch with your customers. No matter what services your company provides, you have to be attentive to understand the needs of your customers and be able to give them the answers they are looking for. When they feel that they are listened to and that their suggestions are implemented accordingly, the reputation of your business grows and you will find yourself generating additional profit.
3. Emboldens Feedback.
It’s crucial to get any feedback regardless of your position at work. Successful communication gives the team the opportunity to express their ideas about operations to management. It can be a two-way process where the top management provides feedback to the employees about their work performance, and the employees also feel good at giving feedback with regards to how well the company’s policies are performing. By asking for feedback, you can actually motivate employees to perform better. Employees like to feel valued and appreciate being asked to provide feedback that can help formulate business decisions. And feedback from clients, suppliers, vendors, and stakeholders can be used to motivate to build a happier, healthier workplace where things get done more efficiently.
Clearly, there are plenty of reasons why effective communication can contribute to your company’s success. No matter how big or small your business is, having constant communication can have a significant impact on productivity, employee satisfaction, and revenue. So, keep these things in mind to ensure your company will get the quality of communication needed to grow and succeed.
Our Expanded Social Media Presence
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In addition to our blog, Shannon Robnett Industries is active on:
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In addition to our blog, Shannon Robnett Industries is active on:
A home base for all things SRI, including an e-calendar to book discussions about ground up real estate syndication.
Robnett’s Real Estate Rundow: An audio version of many of our YouTube videos. Ideal to listen to in your car or otherwise on-the-go.
If you have questions about Shannon Robnett Industries’ role in the local real estate investment industry or would like to suggest topics for this blog, contact us or call 208-405-6176 today. We would love to hear what our community members have to say and the type of financial advice you find most useful. We care about Boise and surrounding cities because we live and work here. We’d love to help you make investments that make you happy to live and work here, too.