entrepreneurship, Flipping, Goals, Hard Money, hustle, Hustle Estate, Improvement, Leadership, Learning Lessons, Purchase, Real Estate, Rehab, success, Technology

Hustle Estate – Flipping Homes 101 – Ep 5

Flipping Homes 101 – Ed and Isaac walk through the overall process it takes to flip a home. Ed talks about where he buys homes from, what to think about when looking to flip a home and how to get a hard money loan.

Feel free to reach out with questions or comments on Twitter/Instagram (@HustleEstate) or send us an email HustleEstate1@gmail.com

Happy hustling!

 

Music – Showtime by Artlss – https://www.melodyloops.com/tracks/showtime/

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entrepreneurship, Experience, hustle, Hustle Estate, Leadership, Learning Lessons, Real Estate, Technology, Tools, Uncategorized, Vision

Hustle Estate – Buying Your First Home – Ep 4

Questions or comments – reach out to us!
Twitter/Instagram – @HustleEstate
HustleEstate1@gmail.com

Looking to buy your first home? We have some practical tips to help you find the home of your dreams. Both of us share our experiences buying our first homes (multifamily and condo). When we started looking, we had some ideas of what we wanted, but after we made our purchases we learned a lot more. Learn from us so you don’t repeat some of our mistakes.

Happy hustling!

Hustle Estate, Leadership, Learning Lessons, Real Estate, Technology, Tools

Hustle Estate – Career Pivoting to Real Estate – Ep3

 

iTunes & Google Play

Learn how Ed made his way into real estate. Ed’s career didn’t begin in real estate. He was curious about owning property at a young age, but started working in non real estate financial institutions after college. Once he bought his first property, he quickly realized he’d rather spend time understanding the real estate industry than other financial businesses.

Feel free to leave us a comment or send us an email at HustleEstate1@gmail.com

Airbnb, Eviction, Improvement, Leadership, Learning Lessons, Real Estate, Vision

Hustle Estate – Eviction & Airbnb – Ep2


iTunes & Google Play

Ed talks about his unfortunate experience evicting a tenant from his rental property. No landlord wants to evict someone. It’s a lose-lose situation, but sometimes it needs to happen. Learn from Ed about his experience and the process he took to make his decision.

Isaac listed his condo on Airbnb. He had mixed success. While it may seem like a great idea, sometimes it requires more work and stress than meets the eye. Learn about Isaac’s ups and downs with using Airbnb from a distance.

 

Agile, Communication, Estimation, Focus, Goals, Improvement, Leadership, Learning Lessons, Remote, Remote Leadership, Team Building, Tools

Great Teams > Improved Estimation

A few weeks ago, one of the teams I lead tried a different way to structure their two week build.

Instead of committing to work and tasking everything out at the start of the two weeks, we started each day committing & tasking work and ended each day seeing if we made those commitments. Also, we had a retro at the end each day to try and improve for the next day.

We tried this approach due to two identified issues (described in Day 0)

  1. New team members cause storming
    • We added two new team members and we were storming. Our old processes of accomplishing work changed because new team members needed to learn our solutions and that added time to what we thought we could accomplish in the past
  2. Estimating our work is hard and we were struggling with it
    • Due to adding more time to what we thought we could accomplish, we had trouble estimating what we could truly accomplish over a two week period (our build cycle). We found that we were crunched for time or dropping work as we neared code complete.

It’s been over two weeks since we started this process. What happened as a result of this different way of working? Did we improve our estimation due to this?

The short answer is no.

Instead, we accomplished something I believe may be more valuable. Our teamwork improved! Instead of improving our estimation, we improved our ability to accomplish whatever was put in-front of us.

Here is how our teamwork and ability to accomplish our work improved

  • Setting a daily goal made each day clearer
    • We had a really good idea of what we wanted to accomplish by the end of that day and it reduced questions because we could bring them up at the start or end of each day, if not earlier during our teamwork on Zoom (Day 3)
  • Increase in challenging each other created better solutions
    • We started to challenge each other more often, when something didn’t seem clear or there seemed to be a better way (Day 7)
  • Our daily schedules helped understand our real capacity
    • Simple yet effective because it helps us understand how much capacity we had to accomplish work that day (Day 4)
    • We established that we would always use Eastern Time when describing meeting times, so we don’t have to figure out all the different time zones (Day 6)
  • Leveraged Zoom more often to improve problem solving as a remote team
    • We started to improve our problem solving because we used Zoom more by talking about issues that came up and we began raising awareness to roadblocks earlier (Day 3)
    • Pair-programmed via Zoom more often for work that was newer to others, regardless of experience level – this helped everyone learn and improved teamwork (Day 1, Day 2, Day 3)
    • Brought people into our Zoom room, instead of having solo conversations, so everyone could hear the issue and bring solutions to the table (Day 8)
  • Thinking about what the work really required, rather than guessing/assuming
    • We started spending time each morning really thinking and solution the story via tasking to create as many tasks we needed to do to accomplish each story, rather than just creating a few tasks based generalities of what we were trying to accomplish
    • This also led to understanding potential roadblocks sooner, which the team then went and tried to solve immediately, rather than running into the roadblock during development (Day 4)
  • Building time for future work with time boxes to avoid getting in the weeds
    • If we thought we would bring in new work the next day, but we didn’t have familiarity with it, we would build time (30 minutes to an hour) to learn about that work instead of guessing on the time it would take to accomplish the work (Day 3)
  • Celebrate success often!
    • We did an excellent job of finding ways to improve, but we forgot to celebrate our success until later in the two week build. We did so much and it was amazing to see! (Day 7)

So what’s next for the team?

We continue to utilize these ideas in our day-to-day build process. We’ve even added to them. Most notably, we have a weekly goal and use daily goals that roll up to the weekly goal. These goals are based on business deliverables for a project we are currently working on.

Final thought

We set out to improve our estimation. Instead, we became a better team. That result is better than expected. Why? Great teams can accomplish any challenge that is placed in front of them, even if their estimation is off. Our team’s goal remains the same – create amazing software solutions to make the real estate experience faster and easier for everyone. Now the team is better positioned to accomplish that goal because we are one step closer to being a great team.

(Featured Image Credit: https://www.genequityco.com/insights/m-a-success-hire-a-team)
Hustle Estate, Improvement, Leadership, Learning Lessons, Real Estate

Hustle Estate – Our Why – Ep 1

Over the last year, my friend Ed and I have been talking about real estate, entrepreneurship and the process to succeed.

This week, we decided to start a YouTube channel and Podcast to document our journey.

iTunes: https://itunes.apple.com/us/podcast/hustle-estate/id1377413464?mt=2

Here is our premier episode! Enjoy!

 

Agile, Estimation, Improvement, Leadership, Remote, SDLC, Technology, Tools

Daily Sprints – Day 9 (the last day!)

The LAST post! I posted for the last two weeks about the previous day to provide interesting insights on how the team is trying to improve their estimation! See Day 0, Day 1, Day 2, Day 3, Day 4, Day 5, Day 6, Day 7 and Day 8!

What have you tried that works or doesn’t work?!

Day 9 – The Last Day

The last two weeks have been amazing. I will spend some time later this week reflecting and writing about the overall process. Last Friday was really our last full development day and we were finally in our Beta environment.

All we needed to do on Beta day was some small testing. So we needed to figure out what we wanted to accomplish.

Our goal for the day:

  • Take some time to learn a new version control that we are moving towards soon
  • Add some more integration tests
  • Get a quick POC for an API call to an outside vendor we haven’t used before but plan on using soon

What did we accomplish:

  • Added integration tests
  • Created a plan for our engineers to get ramped up on the new version control
    • Our Sr. Engineer has some experience in this so they are going to spend some time getting back up to speed
    • The other two engineers have limited experience and will work with our Sr. to help gain knowledge in the tool
  • API call POC – Done!
    • After we set our goals, the team came together and pair-programmed a solution to get a call to this API
    • This was accomplished within two hours of setting this goal, which was amazing to see!

Retro:

What did we do well?

  • Quick POC and pair programming
    • Got exposure to the XML
    • Also started to brainstorm questions for more work on the API integration
  • Beta testing went well

What can we do better

  • Look back at and bring back our production push checklist so we can think less about what we need to do when we push our solution to production.

Overall, it’s been a great nine days of trying something new on the team. I hope anything you’ve read helps you think about ways to improve your team!

(Featured Image Credit: http://changingthegameproject.com/winning-race-right-finish-line/)