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Get A “leg Up” On Planning Your Commercial Real Estate Investment Activities In 2007
By Craig Higdon
The holidays are rapidly approaching and I’ve managed to do most of my Christmas cards and gifts on time this year! I still have a few to go, but for me most of the pre-holiday madness is over. It is now time to focus on a strategic plan for next year and I’m actually going to take a day out of “regular” work to get it done.
I’m going to go week by week, all 52 of them, for 2007. On the plan will be my goals for the Year, the Quarters, the Months, and the Weeks. I’m taking a top-down approach that will ultimately drive my daily activities. And I will include plenty of vacation time! As I contemplate this process, I can see that I’m going to have to get very good at several things:
1.Delegating - You have to “let go” to grow.
2.Following Up - While you do have to let go, you don’t “assume” that what you give to others will be done the way you want it, when you want it. Accountability is a key to successful delegation.
3.Flexibility - No plan is perfect, nor does it survive the first play of the game (to mangle a football analogy). Plans need room to adjust to changing conditions, so setting aside “update time” is critical to the process.
4.Measurement - As mentioned in #3, a plan is a living thing and needs to be reviewed constantly to see if you’re on track to meet your goals. A plan without measurement is only a dream.
I’ve never done this before in this manner, so I’m planning on using some visual aids. One of them will be one of those desktop calendars … actually a couple of them. I’m going to use one to do the initial planning, so I can scribble, scratch out, take notes, and make changes. I’ll copy the final plan to the other one when I’m done marking up the first. I’m also going to use colored pens to clearly mark certain types of activities. When I’m done I’m going to post it on the wall, so everyone can see
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Waste Connections reports higher earnings for 2011Waste Connections Inc., a Texas based company that is in the process of moving from Folsom, reported higher revenue and earnings for 2011.
The solid-waste company posted sales of $1.5 billion, up 14 percent from the prior year. Net income was $165 million, up 22 percent.
Earnings per share for the year were $1.47, up from $1.17.
The company quoted chairman and chief executive Ron Mittelstaedt as saying cost controls helped to propel earnings. For the coming year, the company expects revenue to increase to $1...<div class="feedflare">
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</div>Parent of Bank of Sacramento earnings up 228% in 2011Greater Sacramento Bancorp earned $2.3 million in 2011, up 228 percent from earning $713,000 the year earlier.
In the fourth quarter, the holding company for Bank of Sacramento earned $601,000 compared to earning $612,000 in the fourth quarter of 2010.
Greater Sacramento Bancorp (OTC: GSCB.OB) ended 2011 with assets of $407.6 million, up 10 percent from assets of $369.3 million in 2010.
?During the past several years we have diligently and successfully addressed our problem loans and the results of these efforts are witnessed by our 2011 earnings performance,? said Bill Martin, bank chief executive and founder, in a statement...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=Zqk1SuJlka4:2Fq1kfbcQaU:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=Zqk1SuJlka4:2Fq1kfbcQaU:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?i=Zqk1SuJlka4:2Fq1kfbcQaU:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=Zqk1SuJlka4:2Fq1kfbcQaU:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?i=Zqk1SuJlka4:2Fq1kfbcQaU:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=Zqk1SuJlka4:2Fq1kfbcQaU:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?d=qj6IDK7rITs" border="0"></img></a>
</div>Sacramento loses 1,300 private-sector jobs in 2011<img src='http://assets.bizjournals.com/sacramento/print-edition/Downtown-Old-Sacramento-Quam*100.jpg?v=3'>Sacramento continues to be near the bottom in terms of job growth in the private sector. It lost 1,300 jobs in 2011, according to a new analysis.
On Numbers looked at private-sector jobs employment growth in 2011. Sacramento ranked No. 93 out of 100 of the country?s largest markets. In 2011, the city had 577,400 private sector jobs, compared to 2010?s 578,700.
In comparison, the country?s largest markets, Houston and Dallas-Forth Worth, added more private-sector jobs than any other U.S. metropolitan area during the past year...<div class="feedflare">
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</div>CalSTRS investing $500M in global infrastructureThe California State Teachers? Retirement System is investing $500 million in global infrastructure with an Australian-based fund.
The teachers? pension fund has teamed with Melbourne, Australia-based Industry Funds Management Pty. Ltd. to invest in utilities, roads, ports and pipelines.
This investment sector is promising for CalSTRS because it addresses issues that emerged during the global economic crisis of the past few years.
?What the recent economic crisis demonstrated was the need for greater diversification in our investment portfolio, in areas that would also serve as a hedge against inflation,? said Harry Keiley, chairman of the CalSTRS Investment Committee, in a statement...<div class="feedflare">
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</div>Sacramento hotels see room rates, occupancy rise slightly in 2011<img src='http://assets.bizjournals.com/sacramento/hotelbell_carousel*100.jpg?v=1'>Hotels in the Sacramento region saw a slight increase in room rates and occupancies in 2011 over the prior year.
Sacramento hotels got an average daily room rate of $91.57 in 2011, up 0.8 percent from $90.82 in 2010, according to the latest figures from PKF Consulting USA in San Francisco.
Average occupancy was 65.2 percent in 2011, up from 63.3 percent in 2010.
In December, average daily room rates were $85.37, down just slightly from $85.89 in the year-earlier period. Average occupancy was 54 percent, up from 51...<div class="feedflare">
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</div>Transportation secretary to visit Siemens in Sacramento<img src='http://assets.bizjournals.com/portland/Lahood_Ray_carousel*100.jpg?v=1'>U.S. Secretary of Transportation Ray LaHood is set to visit the Siemens light-rail vehicle manufacturing plant in Sacramento on Wednesday.
LaHood will tour the facilities, meet with workers and discuss the Obama administration?s policies on rail development.
Siemens Industry has a workforce of 800 in Sacramento. It is the only permanent light-rail manufacturing plant in the United States, according to the company. Siemens has built more than 1,000 rail vehicles for 17 cities in the U.S. and Canada and has produced one out of every three light-rail vehicles in North America...<div class="feedflare">
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it. That way, we can literally be on the “same” page. I think I’ll also use some kind of thermometer-type graphics or a series of bar charts to visually express key elements of the plan and the progress we make. What about you? What will you do, besides enjoy a really excellent vacation with your family in some great ski area or warm tropical setting, to further your goals during the holiday down-time? This might be a good time to approach your commercial real estate investment program in the same manner. •You can set up some categories of things to do, like “Real Estate Education,” “Property Analysis Tools,” ”Days Driving Neighborhoods,” “Commercial Properties Owned,” “Net Equity,” etc. •Write down where you want to be in each category at the end of 2007. •From there, break each category down by Quarter and work backwards to see where you’d have to be to reach that goal by Year’s end. •Now do the same process by Month to see what you have to do to hit each Quarter’s goal. •Break your Months into Weeks and repeat the process. I suggest setting aside time in your plan each month to review your progress and allow for adjustments in the plan. •Now take a single Week and write down what you have to do each Day to hit a Week’s goal. •These become your “Important-High Priority” activities … not to be confused with the Urgent ones that you think you have to do ahead of everything else. •The Final Step is to set aside time during every day to spend time on these “Important” activities. This is time when no one can find you, the cell phone goes off, the GPS is dropped in a drawer, and the Radar is silent. It doesn’t have to be a long time … as little as 15 minutes, really. And it has to be done consistently. This process is called “Chunking Down.” If you do this, and really, really focus on setting aside that special time for your “Important-High Priority” activities every day (OK … we’ll allow you some flexibility!), you have to succeed. It’s a wonderfully simple process and if combined with easy to see visual references, it will catapult you to success in whatever you choose to accomplish. This applies to commercial real estate investing, as well as your personal life. Consistency and focus is an unbeatable combination. I’m looking forward to implementing this process in 2007 and I hope that you will, too! WANT TO USE THIS ARTICLE IN YOUR E-ZINE OR WEB SITE? You can, as long as you include this complete statement with it: ’Craig Higdon, “The Investment Property Insider,” works as a commercial mortgage broker. He publishes the weekly “Investment Property Insider” e-zine and blog, www.InvestmentPropertyInsider.com/. Visit the blog and get a complimentary report on commercial financing techniques.’
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At Home With Bank Foreclosure Procedures: Advantages Of Staying Informed
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Your Business And Your Estate
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Baby Boomers: Will They Be Able To Afford Their Parents?
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Think Property First For Commercial Real Estate Mortage
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Make sure the condition of the property you want to buy will survive market conditions before seeking a commercial real estate mortgage. When you go to purchase a new residence, a good lender does a Read more...
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| estate lawyer planning virginia news: |
CSC names Mike Lawrie CEO
<img src='http://assets.bizjournals.com/washington/quick_news/Headshot_Large*100.jpg?v=1'>Falls Church-based CSC has named Mike Lawrie, president and CEO. Lawrie was at the helm of British software firm Misys for five years after working for IBM for more than 25 years.
Lawrie succeeds Michael Laphen, who is retiring as CEO and chairman. The CSC board of directors also announced that Rodney Chase, a current director on the company's board, has been named non-executive chairman of the board of directors.
CSC Press Release
CSC (NYSE: CSC), a leading global IT services company, announced today that Mike Lawrie, 58, has been appointed president and chief executive officer, and will join the company no later than March 31, 2012...<div class="feedflare">
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</div>Startup VA study shows a ?sleeping giant? of tech M&A
Last week, we teased some of Jonathan Aberman?s report examining six years of acquisitions in the Greater Washington region and Silicon Valley. But there?s a lot more to this study than the nugget we included.
Aberman, managing director of McLean-based Amplifier Ventures and president of FouderCorps, crunched data from thousands of technology-related M&A deals in the two regions since 2006. He emerged with some interesting, and somewhat surprising, conclusions.
His focus was ?intramarket? buyouts ? those acquisitions in which both sides of the deal are based in the same region...<div class="feedflare">
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</div>Bethesda's Opnet reports record revenue
Bethesda-based software maker Opnet Technologies Inc. reports higher earnings and record revenue for its latest quarter.
The company, whose software is used for managing networks and improving their performance, had fiscal third-quarter 2012 revenue of $46 million, up 15.9 percent from $39.7 million in revenue a year earlier.
Net income was $5.3 million, or 23 cents per share, compared with $4.3 million, or 19 cents per share, in the year-ago period.
Opnet (NASDAQ: OPNT) forecasts fiscal fourth-quarter net income of $45 million to $49 million, and it issued full fiscal 2012 revenue guidance of as much as $177 million.<div class="feedflare">
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</div>Corporate Executive Board earnings up
The Corporate Executive Board Co., an Arlington-based corporate research company, saw higher quarterly earnings and revenue, will boost its quarterly dividend and announced an acquisition.
The company's fourth-quarter revenue rose 14.3 percent to $132 million. Net income was $16.95 million, or 50 cents per share, compared with $10.76 million, or 31 cents per share a year earlier.
For all of 2011, revenue was $484.7 million. The company had $52.7 million in 2011 earnings, up from $40.4 million in 2010...<div class="feedflare">
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The strategy for protection and disposal of one's assets at death. Includes writing a will, establishing trusts, naming an executor, etc.
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