A teach­able mo­ment

Calhoun Times - - OBITUARIES -

have all their per­sonal prop­erty re­moved from the house. I was sup­posed to go and ver­ify that ev­ery­thing was gone that morn­ing and then come back at 1 p.m. to start film­ing our new re­al­ity show “What’s the Deal.” With a house full of stuff, it was go­ing to make it hard to film our walk­through in­spec­tion.

I called the pre­vi­ous own­ers to find out what had hap­pened. They replied they hadn’t been able to find any­one to help them move.

I hung up with them and called Kim Cook who I was sup­posed to be meet­ing in an hour. As I was telling Kim what was go­ing on, she did one of the things Kim does best. She put a pos­i­tive spin on things.

Be­sides be­ing an awe­some real es­tate in­vestor, Kim also has a very pos­i­tive mind­set that tends to be con­ta­gious. As a mat­ter of fact, she has one of those per­son­al­i­ties that’s likely to leave you walk­ing taller and feel­ing bet­ter about life if you spend just few min­utes with her.

Kim just has that won­der­ful ef­fect on peo­ple.

The spin Kim put on this sit­u­a­tion was that the whole sce­nario was a teach­able mo­ment. She was right. If you are an in­vestor, you’ve prob­a­bly run into this prob­lem and won­dered what to do.

First of all, I rec­om­mend putting a per­sonal prop­erty aban­don­ment clause into ev­ery agree­ment where some­one is go­ing to oc­cupy a prop­erty un­til a cer­tain date in the fu­ture. Here is an ex­am­ple of what that clause should look like:

1. Seller will re­main in the house un­til Nov. 5, 2017, hereafter called the “move-out date”. When seller moves from the prop­erty, seller agrees to leave the house clean and free of any garbage.

2. Seller agrees that any per­sonal prop­erty left in the house af­ter the move­out date will be considered aban­doned and the buyer may re­move and dis­pose of said prop­erty as buyer sees fit.

So what does this clause do? It shows that you have agreed upon a time­frame for when the seller will be out. It also says that you have the right to re­move and dis­pose of any­thing left in the house af­ter the agreed-upon date. This is im­por­tant be­cause you don’t want some­one say­ing that you took their stuff. Be­sides, you don’t want stuff. You want the house back so you can get to work.

Money is a great way to in­cen­tivize them to per­form on time; but make it con­di­tional. Put in a per­for­mance clause that states if they aren’t out by the agreed-upon move- out date, you’ll charge $100 a day in rent un­til they’ve moved. This gives them a lit­tle lee­way, while keep­ing them mo­ti­vated.

On this par­tic­u­lar house, I ne­glected to put the per­for­mance clause in. The move-out money was all or noth­ing. So I had some un­mo­ti­vated peo­ple, a house full of stuff and a cam­era crew on the way. What would you do?

I did what David Til­ney says. I was easy on the peo­ple but hard on the prob­lem. We hired a mov­ing crew with the move-out money and got the sell­ers’ stuff out for them.

Our con­tract gave me the right to dis­pose of their prop­erty as I saw fit. What I saw fit to do was to treat peo­ple the way I would want to be treated. By hir­ing the mov­ing crew, we helped them, which helped us. And that win-win sit­u­a­tion is a teach­able mo­ment.

Joe and Ash­ley English buy houses and mo­bile homes in North­west Georgia. For more in­for­ma­tion or to ask a ques­tion, go to www. cash­flowwith­joe. com or call Joe at 678986-6813.

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