Multifamily Monday: Integrity

Remember the scene from Almost Famous where Penny and William talk about how old they are? It went like this:

Penny Lane: How old are you? 
William Miller: Eighteen. 
Penny Lane: Me too! How old are we really? 
William Miller: Seventeen. 
Penny Lane: Me too! 
William Miller: Actually, Im sixteen. 
Penny Lane: Me too. Isnt it funny? 
The truth just sounds different. 
William Miller: Im fifteen.
Truth Just Sounds Different




Here's a real-life example from a commercial eviction case in St. Louis: Our client had racked up $8,000 in legal fees without realizing it, focusing on the eviction rather than the cost. This is a reminder to keep track of expenses, especially when using someone else's money for legal action. It can be difficult, but honesty and transparency are crucial for finding the most liberating solution."
Moment of Truth
I received an invoice in the mail reading $5,000+/- so I picked up the phone and called our attorney. I think the conversation started with a loud "$5,000+/-??!! - Can you tell me how we racked up this much?" or, something to that effect. "Well, Mike, I hope you are setting down because the real number is $8,000, you just have part of the picture." Enter - fear and moment of truth. I had to tell my owner that I dropped $8k and after further discussion with my attorney - we had little to no chance of winning. 
It Does Sound Different
Fear in tow, I entered his office and asked for a minute of his time. Clear throat - I dropped $8k on an attorney and we have no chance of winning the case. Long pause - (I was taught to never fill the silence with noise). He got up asked me to bring the whole package into the conference room. I did and he entered the room to review. 
Fast forward, the owner says, "Consider this an $8,000 education for both you and me." I went silent and reflected for a minute - thinking I had maybe misquoted the amount lost. I was expecting much more of a tongue lashing (professional, of course) but much more intense. But, to him, it really was an education. And, for me in that moment - the truth just sounded different. 
Never Hesitate 
Honesty and Integrity - if we are all truthful with ourselves - is the hardest character related trait we will contend with. It's easy to misrepresent. It's easy to deflect. It's easy to avoid. Both Honesty and Integrity are hard work but they are the best work you will ever do. Do both today...
Your believing that the truth just sounds different multifamily maniac, 
M
 

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