Multifamily #Trust30: Self Control

Day One of the #Trust30 challenge:

Nothing like a punch to the gut to get things started. The following quote and subsequent action step showed up in my inbox as promised:

That which each can do best, none but his Maker can teach him. Where is the master who could have taught Shakespeare? Where is the master who could have instructed Franklin, or Washington, or Bacon, or Newton? . . . Shakespeare will never be made by the study of Shakespeare. Do that which is assigned you, and you cannot hope too much or dare too much. – Ralph Waldo Emerson

Identify one of your biggest challenges at the moment (ie I don’t feel passionate about my work) and turn it into a question (ie How can I do work I’m passionate about?) Write it on a post-it and put it up on your bathroom mirror or the back of your front door. After 48-hours, journal what answers came up for you and be sure to evaluate them.

Self Control

Self control instantly came to mind but I did not have a post-it. I chuckled and thought I could write about finding a post-it as my biggest challenge of the moment. But, that would obviously be missing the point of the exercise. So, I grabbed the nearest piece of paper and wrote the word out. Looks like Sunday mornings writing time will be dedicated to the subject of self control.

In brief opinion, self control is getting more and more difficult in the wired world. Now, I could displace it on my self diagnosis of ADHD or an Addictive Personality or I could blame it on Facebook, Twitter or any other host of social media platforms but at the end of the day, it’s on me. It’s that space between stimulus and response called choice. I get to choose what I spend my time on despite the stimulus. And, it really is predicated on my ability to control thyself.

 

Majoring in the Majors

As it relates to the multifamily space, my biggest challenge at the moment in my business – How can I be compassionate and passionate about rising delinquencies at our more challenged assets? The mechanisms are in place and the processes are solid. On the backside, unemployment figures are not getting any better, people are one ‘life event’ away from complete financial wipe out and poor financial discipline is exaggerate by misaligned needs vs wants logic.

There it is – would love to hear what your biggest multifamily business challenge is at the moment. Please rock the comment box below – if you feel compelled.

Either way, have a compelling weekend. It’s going to be a crazy hot 98 in #STL tomorrow.

Your thinking hard about self control

 

 

0 Responses

  1. I’m with you regarding the delinquency challenge.  I’m on one of those challenged assets and it’s really hard for me to watch some of my residents fall behind and not be able to catch up.  I face this challenge almost daily and there are times when I go home and say “my problems are nothing compared to the problems I’ve seen with some of my residents”.  Loss of jobs, loss of a family member…life events, sad times.  I hope things turn around soon. 

    1. LZ
      Thank you for taking time out of your day to add to the conversation. You Rule! It is tough and in the same respect; I would like to think there is a way we can work with and resolve the hurdles for people. There has to be a proactive program we can install that not just identifies the slow pays but assists them in finding cheaper alternatives without facing the prospect of skipping or being evicted. 

      Take care and have a truly amazing day! M

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