Jim and Jamie Sheils, founders of 18 Summers, experienced challenges as a blended family and used Family Board Meetings to bridge the gap and connect. They now help families and organizations globally to discover the importance of quality time and relationships through 18 Summers.
[00:01 - 11:42] Building a Strong Family Life in Real Estate
Family should come first, even in the pursuit of success in real estate
The need for practical and simple tools to help build a strong family life
The impact of a strong family on overall success in business and life
The importance of intentional time with family, as demonstrated through the concept of "board meetings" with children
[11:43 - 23:20] The Power of One-on-One Time and Intermittent Tech Fasting
One-on-one time strengthens relationships and clarifies communication
Make the most of limited time - 85% of quality time with children by 18th summer
Technology breaks improve relationships by promoting presence and focus
Strong spouse relationship benefits entire family
[23:21 - 34:03] Improving Relationships through Consistency and Communication
Respect, promises, and good behavior alone don't guarantee relationship success
Negative behavior leaves a lasting impact
Self-awareness and reminders improve relationships
Consistent schedules and "one-to-one principle" can reset and enhance relationships
[34:04 - 39:17] Closing Segment
Focus on a mixture of homeowner and renter ratio for a stable neighborhood
Look for opportunities in median areas with a mix of homeowners and renters
Consider incorporating different types of rental properties, such as townhouses, duplexes, and quads
Utilize infill lots for concentrated building efforts and to maintain the integrity of the neighborhood
Connect with Jim:
Website: https://www.18summers.com , https://jjplaybook.com/
You can follow me on Linkedin and Twitter. If you want to go even deeper into the world of commercial real estate, head over to Shane Melanson, a roadmap to investing in commercial real estate! Get my book Club Syndication - How The Wealthy Invest Their Money.
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Tweetable Quote:
"You have to breathe in and out with your family along the way. And I think you'll be more prepared for better growth even believe it or not." - Jim Sheils
