BUSINESS FUNDAMENTALS
PARTNERSHIPS
AMarriage of Equals
PROPERTY MANAGEMENT, TIME MANAGEMENT, AND REAL ESTATE INVESTING SUCCESS.
By Tom & Becky Olson
A
ccording to the National Federation of Independent Businesses, more than half of all
they are successful, the years of supporting each other through long hours working on real estate projects and building family businesses forge marriages that are truly ironclad. Of course, sometimes the late-night calls for help rinsing out brushes or finishing up a last-minute look for a retail property can be tough. Sometimes, the parties in a husband-wife team may be looking for different things out of real estate, including wanting different roles in their business than they were initially expecting to play. With time, patience, and dedication to the bigger picture of helping each partner grow to their fullest potential and purpose in life, a real estate investing marriage can be one of the most fulfilling endeavors any investor or entrepreneur will undertake in their lifetimes.
family businesses are managed by husband-and-wife teams. That is great news for those businesses, and it is also great news for those couples’ financial future. In fact, the Harvard Business Review published research indicating “starting a business together is typically a sound investment of both spouses’ human capital.” The study went on to note that contrary to conventional wisdom, working with a spouse does not create excessive anxiety or insomnia, as many researchers had anticipated. Well, plenty of real estate investing couples could have told them that! The couple who invests together, stays together in many cases, and often those partnerships can start early in the marriage. When
64 | think realty magazine :: march 2020
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