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A few years ago I was at Coachella, buying overpriced, under-seasoned food from a vendor who was particularly kind. Par for the course, all of these events are dominated by Square payments that provide the oh-so-convenient option to tip your gracious server. Oftentimes, the transaction is so quick, you’re wondering if you should even tip at all.

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Back in the 60s, Congress created REITs: Real Estate Investment Trusts—so that the —average American could reap the benefits of income earning property.

REITs allow individuals to invest in large scale income producing real estate, without the hassle and overhead of going out, buying, and managing property.

REITs offer investors multiple benefits: Diversification, Dividends, Liquidity, and Transparency.

While operating under the same rules and regulations as other public companies REITs have, over the long term outperformed the S&P 500, Dow Jones Industrials and NASDAQ Composite, while also showing little correlation to the performance of the broader market.

There are two kinds of REITs:

Equity REITs derive their income from rent on real properties, usually things like malls, industrial facilities, apartment complexes, hotels, hospitals, and more.

Mortgage REITs derive their income from interest earned on mortgages or mortgage securities.

There's some criteria a REIT must meet to qualify—modeled after mutual funds, and recognized as a corporation, it must have a minimum of 100 shareholders, be managed by a board of directors or trustees, invest 75% of its total assets in real estate, and derive at least 75% of its gross income from rents on real property, interest on mortgages financing real property or from sales of real estate.

Should I buy REITs?

I did some research, asked my investing mentor, and checked the performance of my own REITs. I'll let you decide for yourself.

Here's a take from my investing mentor (who opts to remain anonymous).

To start I wanted a REIT in my portfolio some years back to diversify. This was maybe 6 years ago when REITs were booming which they did through '16. My broker recommended Cole, a nontraded REIT. Cole held stand alone commercial real estate occupied by national chains like Walgreens. Their occupancy rate was high and the renter assumed most or all of the maintenance. It was golden. I received a 6.5 % dividend till it went public and I made a healthy gain on its sale. I immediately ploughed all my earnings into another Cole REIT. This time there were problems. Cole allowed themselves to be acquired by American Realty which immediately had a compensation scandal.

Cole product sales dwindled immediately nationally as broker confidence in them diminished. Then it looked like Cole was going to be taken over by Apollo Global, a private equity firm at a fraction of their worth. That's when I decided to bail. It was hard getting a redemption from Cole too. They were resistant. There was a minimal redemption penalty as I had held the REIT for some time. The ample dividend it paid more than compensated. With both REITs I walked away with a 50% profit over approximately 4 years. It was a frightening experience. Nontraded REITs are hard to redeem quickly.

Finally, I now hold a tradable REIT fund through my NY Life variable annuity but it's only a small fraction of my portfolio. It's been down as much as 9%. It is rated high risk.

Projections for REITs have been mixed. Some segments have been slated to do well like commercial office space due to the uptick in the economy, and Internet sales storage facilities for companies like Amazon. But I just read an article claiming commercial property overall is now overpriced, and the 7 year REIT rally is ending. Investors have not embraced REITs since they got a separate S&P sector listing. REITs pay around a 4% dividend and are seen as a haven for investors when they are risk averse. This is not the case now, which is why REITs are down.

In an article for Forbes, Brett Owens claims REITs are the sector to take off for 2017. He took pains to bust a common REIT myth that they fall as interest rates rise, and even provides data that proves that REITs actually perform better as rates rise. He also suggest 5 REITs to buy, 3 of which I own personally—Public Storage (PSA), Simon Property Group Inc., (SPG), and Ventas Inc., (VTR).

My own REIT portfolio has yielded 13.2% to date.

REITs are a great way to diversify your portfolio, but do your due diligence before deciding to pull the trigger for yourself!

Check out this resource for more!

"Happy wife, happy life," is an expression that all good partners keep in mind. It's not so far off from what a boss should think about on a daily basis. In his or her case, the expression goes, "Successful business, happy employees." A recent study by the Social Market Foundation and the University of Warwick's Centre for Competitive Advantage in the Global Economy revealed that happy employees are 12% more productive. A boss is only as good as his or her employees' combined effort. That's why it's essential that employees' happiness be prioritized. Here are some tips for building your office community and productivity.

1. Capitalize on Happy Hour

What better way to get happy than to go to Happy Hour? There's a reason why most bars and restaurants give deals right after the work day. They want you and your coworkers to take a seat and stay a while. Many workers have a mentality that at 5:00, it's time to leave. But spending that extracurricular time with your coworkers in a non-work environment can help you bond and learn more about each other.

2. Do Something Nice

According to Drew Hendricks of Forbes, not only is charitable giving healthy for the soul, but in a business context, "it provides networking and marketing opportunities while also increasing the business's presence in the community." Organizing a voluntary outing among coworkers is a great way to give back without having to give up a day off. Knock off both good karma and publicity with one stone!

3. Test the Boundaries of Teamwork

Another fun and effective way to see how your team can work together outside of the office is to do some kind of group activity, like Escape the Room, in which your coworkers will be tasked with solving riddles to escape from a locked room. These kinds of things encourage working together and troubleshooting in a fun environment, which can then be translated back into the office.

4. Bring in Lunch

At many offices, lunch occurs between the hours of 11 and 4, continually, with people ordering in food from several different restaurants, or going out on solo missions to pick up bland sandwiches. Establish one day per week when everyone sets aside an actual lunch break and eats together. It's like a family dinner.

5. Treat Yourselves

If you can't manage to get the whole department together for lunch, bringing in a simple box of doughnuts can create the same effect. A little bit of sugary encouragement never hurt anyone, in moderation of course.

6. Celebrate the Small Things

Sometimes people get a little touchy about knowing things about their coworkers' personal lives. But there is a healthy amount that coworkers should reveal. For example, their birthdays! Even small things like singing Happy Birthday can have a huge impact and boost morale.

7. Be Silly

Coworkers a little stuck-up? It's time to hit the nearest karaoke bar and see what vocal chops your team has. If you need some inspiration, here are some perfect office karaoke songs for the Madonna in all of us.

If you're looking for ways to get closer to your coworkers and start feeling like a team, it's time to start bonding.

Coworkers are people, too.

Small business owners are wise to be jacks of all trades. It's helpful to have a base knowledge of accounting, law, and marketing, even if their true passions lie elsewhere. And until they reach a certain breaking point, a single-person business is a smart way to keep down overhead and reap all the (eventual) profit. But what happens when entrepreneurs are working twenty-hour days and need twelve cups of coffee to stay alert enough to answer the phone? What they need is trustworthy employees and an excellent manager, so that they can focus on the stuff they were born to do.

The scary part is finding the right team. It's kind of like hiring a nanny to watch your young child for the first time. Are good references and a good interview enough to prove that your precious cargo will be in excellent care? A good manager will instill this trust almost immediately. Here are some tips on how to recognize a partner that will be with you for the long haul.

They don't flower you with empty and general phrases.

Job interviews, even though we might like to think so, are not representative of how an employee will behave at all times. Know that potential managerial candidates will be pulling out all of their tricks to get noticed. But it's up to a good employer to be able to parse conversation for disingenuous or negative words as well as body language. They could fulfill a number of generic "good" qualities like a high level of experience and creativity, but what will make them stand out is if they not only talk about their own accomplishments, but talk about how they want to help the company. They need to demonstrate familiarity with the history of your business and professional endeavors, and a specific interest in this sector (and you).

Empty phrases such as, "I was asked to do a number of leadership tasks at which I excelled" are yawn-worthy. A manager will not tell you how they will behave in this position, but will show you.

They also have to have a team-oriented spirit, rather than an individual one. According to Forbes's Jacob Morgan, the model is changing from a hierarchy to a level playing field: "In the past managers said 'jump' and the employees said, 'how high?' Now, the managers are jumping with employees." You will be able to recognize this ability in your potential manager if he or she mentions words like "we" and "team" instead of solely, "I." It's important that your manager is a leader, but also that he or she appreciates the importance of business development: that ultimately, your success is dependent on more than one person.

They share your ambitions and goals.

Your manager doesn't have to, and should not, be your clone. But he or she should share your business ethics and values, and see the same end goal. You want to find someone that will be on your side, though disagreement should not be seen as a negative. In fact, finding someone that will disagree with you on certain points can be a ripe opportunity to explore new avenues and test new strategies you couldn't have thought up on your own. We seek romantic partners that share our values but that are not the same as us. We should look at our business partners with these same criteria in mind.

If you are an employer that avoids confrontation, it will be a good idea to seek a manager that is direct and who efficiently (and peacefully) passes down concerns to employees. Know your weaknesses and seek out a person that will make up for them.

Sharing ambitions and goals for the company will allow you to confide in your manager freely, and perhaps even consider making him or her a business partner or successor to the business in due course.

They can relate to and inspire their team.

A manager is only as good as how much respect he or she has. That means, a manager cannot work in a vacuum. Having "people skills" is not enough for someone that will stick around for long. He or she has to connect to their team so that they feel always encouraged and motivated to perform. By employing concrete deliverables and making informed decisions, a manager can both increase the efficiency of his or her team and make meaningful relationships.

According to Aaron Schwartz of Modify Watches, "empathy" is one of the most important qualities when looking for an exceptional manager. He says, "Strong managers work well with their teams to set priorities, and then encourage their direct reports to go execute them...It's critical that a manager cares about her team—and that the team knows this—to keep everyone positive and working together." And we all know that a happy group of employees is one ingredient to a successful business.

Hiring a manager is a huge job, but the rewards will be fruitful. Knowing that you can trust someone to take care of the daily tasks while you map out the future of the business is an invaluable resource.

For more on how to get there, click here.