How do you overcome adversity in real estate?

How do you overcome adversity in real estate?

Columbia, MO · Member since 2022 · 122 posts · 66 votes

Would love to hear everyone’s strategies to overcome adversity in real estate to help them stick to and achieve their goals!

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Joe VilleneuvePro Member
Plymouth, MI · Member since 2013 · 13k+ posts · 19k+ votes
3y

What's "adversity"?

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  • Property Manager · Raleigh, NC · Member since 2014 · 729 posts · 596 votes
    3y

    @David Lund

    It depends on the adversity, but for tenant issues, have policies in place and follow through the process. For other issues, take time to get to the root of the issue, then deal with it.

  • Columbia, MO · Member since 2022 · 122 posts · 66 votes
    3y
    Quote from @Curtis Mears:

    @David Lund

    It depends on the adversity, but for tenant issues, have policies in place and follow through the process. For other issues, take time to get to the root of the issue, then deal with it.


     Great advice!

  • Shiloh LundahlPro Member
    Rental Property Investor · Gilbert, AZ · Member since 2016 · 3k+ posts · 4k+ votes
    3y

    @David Lund I like what @Scott E. shared about getting used to adversity.  I would like to add to that.  Over the past 3-4 years, I have been involved in mastermind groups where we have met weekly.  During this mastermind meeting, we talked about the different struggles that come up.  And wouldn't you know it, other people in the group had experienced that problem before and they had learn how to deal with that problem.  So every week we would bring problems and other would bring solutions and we would do that for each other over a few years.  So, over time, problems just became another day.  

    @Marty Boardman, it is great to see your contribution to this thread.  It's been awhile.  Let meet up for lunch again.

  • Member since 2019 · 7k+ posts · 4k+ votes
    3y
    Quote from @David Lund:

    Would love to hear everyone’s strategies to overcome adversity in real estate to help them stick to and achieve their goals!


     having backupp lan, managing risk first, not overleverage, and understanding what-if situation.
    I've been through all that crazy adversities til these days.

  • Investor · Brooklyn, NY · Member since 2022 · 158 posts · 118 votes
    3y

    Like @Scott E. said, problems or adversity are near constant. At first, I allowed myself to get stressed out. But eventually you come to expect problems and that just becomes your normal.

  • Columbia, MO · Member since 2022 · 122 posts · 66 votes
    3y
    Quote from @Jon A.:

    Like @Scott E. said, problems or adversity are near constant. At first, I allowed myself to get stressed out. But eventually you come to expect problems and that just becomes your normal.

    Thanks for sharing!
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