In this series we will be highlighting burgeoning entrepreneurs in the modern era. These are folks who have taken the risk of quitting their conventional jobs in pursuit of their passions. This is a difficult road that many never find the courage to venture upon, but the rewards are so worth it, and as you know, no risk, no reward, know risk, know reward.
This episode highlights Damon Bodine, who after growing weary of the music industry, decided to make a career switch that paid off big time. Avid reader and a firm believer in the fruits of handwork, Damon started out door to door, hand to hand, building a reputation for himself, and now he's touching some of the most prime deals New York City has to offer. Hear how he spends his time, what motivates him, and where his hustle will take him next.
Tell Me A Little About What You Do and How You Got Into It?
I am a real estate agent working in NYC. Most of my work involves representing sellers and buyers of residential property in Brooklyn. My day to day is a lot of phone calls, appointments, negotiating, and ultimately taking real estate transactions from start to finish. I wake up around 6am and work until 7 or 8pmpretty much every day Monday -Friday and Sundays. I got into the business after a couple years of seriously weighing options on what career path to take after my time in the music industry.
Do You Remember Your First day? What Were You Feeling?
I remember getting my license being a feeling of liberation. I've always found myself attracted to commission sales because the sky is the limit. Of course there were nerves because I was changing careers but ultimately I found myself to be relatively confident throughout the whole processes. Right away I felt like this was something I was supposed to be doing.
What Were You Doing Before?
Before real estate I was involved in the music industry in a number of different positions. I was a concert promoter, artist manager. I had gigs as a tour manager , A&R , and booking agent along the way.
What Made You Want to Try Something New?
To be honest it just felt like it was time. After over a decade in music it wasn't giving me the same feeling it did in my early 20's. I've always told my friends and peers to not get stuck doing something that they weren't passionate abut. I ended up feeling my time had run its course.
How Do You Balance Your Time?
I think work/life balance is one of those things that doesn't always exist as an entrepreneur. My field is extremely competitive. I can't recall the exact numbers but something like 90%+ real estate leave the business within 2 years. So I've always kind of treated my businesses like they're a fundamental part of life. That said I also work hard to have fun with work.
Tell Me About Your Business
Real Estate can be incredibly challenging mentally. For me I'm often dealing with a persons most valuable asset (seller) and/or representing a buyer who is likely making the most important purchase decision of their life. Emotions are high and its very important that I work hard to be a problem solver, a good listener, and am always dedicated to improving the customer service experience.
How Much Time Do You Spend a Week Dedicated to Your Work?
On a normal I work 60-70 hours . Some weeks are more some are less. It really depends on what my customers require and how efficient I can be at delivering it to them. There is a very common misconception that real estate do very little work for their earnings. While that is true in some cases the people who last in this field take customer service extreme serious. My clients may call me at 6am or 11pm. I have to be there for them.
What Else Do You Like to Do With Your Free Time?
A lot of things. Go to the park , catch up with friends, spend time with fiance. I'm a pretty avid reader so I find myself reading probably 3-4 books a month. Free time is sort of challenging in my field.. I am often called upon to solve problems at very inconvenient times. So i don't know I guess i'll take more time off in the next lifetime.
Whats Next For You?
I'm always trying to build my real estate team further out. So by all means if you know anyone looking for a career change have them reach out. I have dreams of achieving 100% financial freedom and traveling more. This year i'm getting married and we are hoping to buy a new property within the next 12 months.
Any Advice for People Wanting to Follow a Similar Path?
Do it for the right reasons , research what you're getting into , and be ready to commit more of your time to your craft than you expect. The real estate industry can be constant highs and lows. Deals fall through constantly. You have to be very resilient and know how to get up once you've been pushed to the ground. Most importantly you have to believe in yourself and believe in your ability to create opportunities. You will not get handed much in real estate except a desk and a phone. So be ready to get creative and find your lane.
"I aim to deliver the absolute best service any time, day or night. I am always reachable to answer questions, and will work as hard as it takes to get a deal done, ensuring that all parties in a transaction are treated fairly."
You can reach Damon at DamonBodine.com
Between buying a new home and transporting yourself and your belongings to it, moving can be an expensive process. One often underrecognized cost of moving occurs before one's original house has even been sold, and that's staging the house. Homeowners often spend hundreds of dollars making a home appealing to potential buyers. To ease the financial burden of moving, here are several tips for staging your home on a budget.
Downsize Instead of Storing
The goal of staging a home is to create a blank canvas that potential buyers can imagine their own lives painted upon. To accomplish this, homeowners should depersonalize the home as much as possible, removing items that are specific to their family and eliminating clutter. This is where homeowners often incur their first costs as they rush to put as many older things in storage as possible.
To cut costs, focus on downsizing rather than storing items. Look for items that you can sell, donate, or give away. For remaining items, look for alternative places to store them, such as a friend or relative's house. This will also reduce the cost of moving your belongings when it is time to go to the new house.
DIY What You Can
There are times when homeowners should bring in a professional to manage home renovations and decorating, such as when a task requires specialized skills. These types of jobs, when done incorrectly, will incur even greater costs if attempted on your own. However, many of the home improvement tasks that go into staging a home are simple enough that the homeowner can DIY them, such as painting, installing a backsplash, or refinishing the deck. Doing these tasks yourself will save you a significant amount of money.
Don't Redo, Update
Homeowners are often eager to make their houses look as appealing to buyers as possible. However, recall that the point of staging is depersonalization, making a home presentable so buyers can mentally impose their own style onto it. When staging a home on a budget, focus less on completely transforming the space and more on making what is there look presentable. For instance, if you wanted to give your bedroom a facelift, trying to replace the furniture and flooring would be pointless unless it was damaged or unkempt. Simply organizing the space and replacing the bed's comforter would be sufficient.
Another way to update the space without entirely redoing it is to rearrange it to maximize the space that is already there. For instance, pulling the furniture away from the walls will make a room appear bigger and allows more space for those touring the house. Using window trimmings that maximize natural light and incorporating wall mirrors can also make a room seem more spacious.
Raising a larger family than most means that your lifestyle is going to change. Costs will continue to multiply as your family grows larger. However, just because your family is large doesn't mean your quality of life needs to suffer. It just means you need to make a few adjustments to help things work smoother and more efficiently. We've compiled a couple of money-saving tips for larger families to help you get the most out of your dollars.
Always Buy in Bulk
The benefit of having a larger family is that things you buy in bulk rarely ever go to waste. Smaller families can benefit from buying in bulk, of course, but your large family will see the most use out of shopping in large quantities. You'll want to avoid going to smaller stores for necessities such as groceries and clothes, as these places generally have higher markups on their items.
Buy Wholesale Items Online
If you want to take buying in bulk to the next level, one of the best money-saving tips for large families is to buy online from wholesalers. Buying online comes with a number of benefits that you won't get when you go to a physical store:
- You don't have to drag your kids to the store with you
- You have a lower probability of making impulse purchases
- You can search for exactly what you need
- Wholesalers sell in very large quantities for a lower price per item
Never Throw Away Something Useful
When you have to buy things for multiple children, your costs to replace items will be much higher. That's why it's so important to keep everything you can. Clothing is a big part of this. Hand-me-downs can prevent you from needing to replace entire closets every year. Try to repair or upcycle any clothes that may have damage, as this is usually much cheaper than buying brand-new items.
Stick to a Budget
When you support a large family, expenses can sometimes get away from you. Proper budgeting helps to keep the extra purchases that add up to a minimum. Budgeting correctly can save you a lot of heartache in the long run. It's up to you how much control you want to take; you can make your budget weekly or monthly, depending on how tight a ship you need to run. What's important to remember is that making the budget is only the first step—sticking to it is where you'll really need to enact some willpower.
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Sometimes there is no choice—a home needs to be sold in the winter.
Spring may be the most popular time to put your house on the market, but homes do sell in the colder months. With fewer houses available, your home may be someone's only choice when house hunting in your neighborhood. As your neighbors hold out until spring, you'll already be done and ready to shop for your next house!
Here are a few tips for selling a home in the winter to get you on the right track.
Keep Paths Safe and Landscaping Fresh
Landscaping is the last thing on a homeowner's mind in the winter. Everything was cut back in the fall and may now be covered in snow. Still, take a walk around the house and yard to check everything out. Branches may have fallen from heavy snow, leaving a mess in the yard. Keep everything neat and tidy.
The last thing you need is a potential buyer slipping on the ice-covered walk in front of your house. Buyers often consider those moments bad omens, and this can affect their decisions. Shovel, snow blow, spread salt—do whatever you have to do to keep the driveway and walking paths clear, and don't forget the porch and deck.
Make the Inside Warm and Cozy
In cold weather, buyers won't spend a lot of time examining a home's exterior. Instead, impress them with the inside by creating an atmosphere which causes them to want to move in.
When there's time, leave wintery types of snacks and drinks, such as hot cocoa and cookies, available on a table during showings. This gives your home a welcoming feel to buyers.
Light the fireplace (if you have one) for a lovely ambience and set your thermostat to a comfortable setting. A warm home in the winter is much more appealing than a chilly one.
Make Your Home Less Personal
Understandably, this can be a tough thought for homeowners. After all, you've spent years creating memories in your home. To buyers, though, they need to picture it as their own. Too much personality makes that difficult.
It's always important to stage your home in a way that makes it look clean, comfortable, and move-in ready. Don't feel offended by the idea of taking family pictures down and replacing them with generic décor. This will help your home sell faster by helping buyers envision their own things there.
Cleanliness and Maintenance
Clean, clean, and clean some more. Make appliances, counters, and floors shine. No matter how old your home is, it needs to feel like new to potential buyers. If you aren't into dusting, now is the time to try. Don't forget window coverings that might need washing.
Be prepared ahead of time for home inspections by taking care of maintenance now. HVAC systems, plumbing, and electrical should all be up to code and running smoothly.
Use these tips for selling a home in the winter, exercise patience during the slower months, and your home will sell before you know it.