Contrarian Communication

Secret: Never over-commit to communicating with investment partners. My written commitment to investment partners includes annual reporting for income tax purposes only – and then I try to sneak in at least two other written communications throughout the year, a telephone call or two, and a personal visit (which usually doesn’t include discussion of our mutual real estate investments). Here’s a sample a recent mid-year update: Hi {PARTNERS’ FIRST NAMES}, The bottom line, which I'm ironically writing on the top line, is that your Edmonton townhouse portfolio is doing just fine. We have well-maintained properties, happy tenants, positive cash-flow, adequate reserves, and mortgage principal is retiring monthly. Attached is a mid-year financial report, spreadsheet showing cash-flow & equity, and an updated prayer list.