Running your own business is always going to be full of challenges and surprises.
Being able to roll with the punches while remaining calm and clear-headed under stressful situations is imperative to your success, and once you’ve learned to mastered this specific skill set there will be no obstacle that you cannot overcome.
Last week, I had one of these unplanned instances happen.
During one of the worst storms NJ has seen in years, a neighbor’s tree came crashing down on one of my duplexes, smashing through the roof and causing tremendous damage.
To make matters worse, I started construction on my most recently purchased duplex that same day and had a truck load of material being delivered that very morning!
I had to remain calm, and decided to write a punch list of my priorities, given the circumstances:
- Relocate the government-subsidized tenant to a safer location
- Call the City of Paterson to check if there were any mandated laws I had to comply with for securing the property
- Call my insurance company to report the claim
- Arrange several contractors to bid on the job for tree removal and necessary house repairs
- Find and contract a reputable independent insurance adjuster to help me with my claim
- Contact Section 8 offices to inform them of the situation and to arrange a Section 8 inspection
- Make sure that the Lowe's delivery to my new project was handled and received correctly
I then went about executing this punch list in order, one by one.
I had the tree removed by the lowest biding contractor.
I met with a insurance adjuster, who was highly recommended by a colleague.
I drove the tenant to a family member and agreed on subsidizing her with $35 per night until her home is deemed safe by Section 8.
I arranged a re-inspection with Section.
And lastly, I had the delivery pushed back to a later hour so that I could be there to receive the shipment.
Each obstacle was easy to triumph over because I was able to remain calm and had all of the necessary contact information readily organized for situations just like this one.





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