Al & Shelley DeMelo

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September 2010 Volume 5, Issue 9

Sharing our journey with you...

DeMelo's Da News

WET! WET! And more WET! We've been rained on for so long. How do you feel about the rain? Do you think “Oh it’s a crappy day” or do you say, “Oh it’s a wet day”. How you see things affects your life! With all this rain I decided to take advantage of the time and get some baking done. Here is a recipe for my favorite healthy Fruit and Nut Energy Bars. I hope you enjoy them, they are delicious!

Healthy Fruit and Nut Energy Bar Recipe

1 cup kamut flakes
1cup pecans
1/2 cup roasted cashews
½ cup agave nectar
¼ cup smooth peanut butter
5 dried figs
1 tablespoon seeds of your choice
1 tablespoon oil of your choice
Finely grated zest of 1 lemon
1 cup dried blueberries or currents
½ cup unsweetened coconut flakes (Feel free to make substitutions)

Preheat oven to 325

Grind all; mixture with food processor,

Scrape into large bowl and mix and place into greased pan evenly spread out. Bake for 25 min or until lightly brown. Let cool cut and serve. EASY AND DELICIOUS! ENJOY!

Twitch Update

Twitch is settling nicely with one of his sisters, they’re insperable and love each other. As for the other siblings they’re not as accepting yet.

Real Estate Mentor!

Real estate Mentor July Ono was back from Thunder Bay with an update and lessons on everything to do with Acquisition and Management. July talked about the systems that should be put into place and why.

What we learned that’s most important is systems are critical to your success as they give you the freedom to oversee what is going on in your business without being stuck working in your businesss. Implementing this requires short term pain for the long term gain!

Acquisitions and Merger Tips

Here are a few things that you may not have thought about that July recommends.

  • Establish policies and procedures
  • Create a "Move in file" for new tenants to show, in writing, what is expected of both parties
  • Check fire codes
  • Check Electrical and plumbing
  • Check for Flashing Issues, see how water drains to building or away from building
  • Suite by suite inspections TIP: know where water shut off is for every single unit.
  • Have a strong contingency reserve for example $50,000 for a 2 million dollar building.
  • Utility companys require deposts. For example Hydro $50,000

We are off for Las Vegas the last week of September for CEO Space. Next month, we'll report what we learned!

Live, Love, and Laugh! Till next Month

Al & Shelley