It's not always collateral

Barbados is a lovely island with some phenomenal properties. Some time ago, a client was referred to me who had a major challenge. They were facing foreclosure on their properties. Over time, they had acquired properties, fixed them up, and rented them out to long term tenants. The rents that they charged were, for this day and age, through the floor - nominal figures inclusive of all the utilities. Without any formal business structure in place, they were making money and keeping under the radar, until when it happened.

The was a major collapse of some sewage infrastructure at one property. It sucked up the majority of the saved funds and then it started happening. The owners were put in a system of catch up - the funds coming in were insufficient to pay current and past commitments. Over time it resulted in a downward spiral where loss of one property would mean the loss of the others.

When we reviewed the case we found:

• that the properties within the portfolio were quite good
• the were under producing from the standpoint of revenue
• no contracts were in place with the tenants 
• tenants were tardy in their payments 
• some were doing trade offs in terms of fixing aspects of the property and deducting it from the rent
• the insurances were pending renewal
• the owners needed financing fast as foreclosure on three of the properties were pending
• one property actually began foreclosure procedures as the bank sought to recover 
• the owners were already cashed strapped, they were doing this as a means of helping less fortunate people

Thankfully this worked out well. 

• We were able to assist the client in the formation of their property management entity. 
• All tenants were met and new leases were drawn up
• The new leases in had with new terms and conditions guaranteed a positive cash flow for the period of years for which we sought financing for them
• Through obtaining the financing we were able to get back the property which had begun the foreclosure procedures and actually went through the auction process. 
• The system for operating such an entity was taught to the owners who now have the templates for not only operating their current stock of inventory, but also expanding their portfolio to include others

Why not visit our website to check us out in full. We just may be able to help you. Just in case you see anything you can tell us a bit about yourself and we'll take you through the processes  from there to ensure you have the correct resources for your needed solutions. 

My Teacher - Experience

Those who know me, would realize that when I interact with them, I tend to be direct. Up to this week, I was told that by someone who just met me fleetingly. Having heard it so often, I paused to think about how my characteristic trait was affecting others with whom I interacted. Further probing revealed that though direct, I am not brash.

Let's turn to what excites me immensely - Business. 

I just love it when people bring me business problems that seem insurmountable. It may seem strange but some people like puzzles, I like the ones that have real life effects. When people describe their challenges to me, I almost immediately or at least within a couple days am able to identify solutions to the challenge. Not from the standpoint of any special gifting that I may have. It often comes from experience. 

What gives me this immense experience?

Usually I would have gone through a similar experience before either via a third party or personally. Lots of things happen to me, and truthfully, I often ask God why these situations are happening to me. One time after  my pleading for an answer, I finally got it. "It's not about you." 

What a revelation that was...

Who trains the trainer? Who develops the consultant? In my case, it's experience. What has experience taught me? Here are a couple, just a few of those lessons. 

• It is possible to realize just about any business deal providing you communicate you case well. 
• All things are possible, when presented with the right conditions. The word can't exist only when all the angles haven't been developed / explored. 
• You don't necessarily need an asset base to obtain money. You need to demonstrate a clear and reliable, well thought out and practical system of operating, marketing, and financing. 

Because of these and similar lessons, through God's grace. We've successfully:

• Obtained financing from a local bank for a business established in another country
• Employ turn around strategies for entities that were in the "red" permitting them to get their finances in the black within rather short times. The fastest one was a one day turnaround. The second one was a six figure turnaround within 90 days. 
• Enabled an entity to secure 3 forms of financing with one document
• Loan
• Direct Investment
• Grant Funding
• Developed collaborations whereby teams have helped businesses and charities realize their business objectives within the required time lines and within budget. 

There's something about developing the plans and then providing the training for the implementation of the same plans. Those entities enjoy greater success. Did I tell you the amount of fun I have helping these entities? It's exhilarating! 

Maybe we can do business sometime... 

Thank you experience. You're a great teacher.