A Brief Thought on Decisions

by James & Miel on April 29, 2006 · 0 comments

Sometimes there is tension between making money and maintaining your relationship.

For example, we had a multi-family property in the Shaw neighborhood of Washington, DC. It was a nice place and was profitable, with good capital appreciation and modest cash flow (very modest). Main trouble was that managing it was causing a great deal of wear and tear on our relationship. The building required a lot of upkeep, painting, bug extermination, tenant showing, work on the HVAC systems, landscaping, roof work, etc. It got to the point that we had a couple of fights about it and were looking at a testy conversation, followed by a lot of hard physical labor nearly every night after work and weekends.

The main point here is: decisions need to be made with the harmony of the relationship as a paramount concern.

We sold the place and haven’t regreted the decision.

-James



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