Here in Southern California, there are plenty of swimming pools and tennis courts, but none of them belong to me. Under the header of, “Why didn’t I think of this?,” enter an address of where you live, or where you’re visiting. (I never enter my actual address.) Find a nearby pool, pickle ball, tennis, hoops, a party deck… to rent out! Or rent yours out. If I had thought of it, I could sit back and collect a slight commission from each transaction, 24/7. But the continued message here in Southern California at the L1 event is that you don’t need to be overly clever to make money, just disciplined. Mike McAuley gave a presentation yesterday, focused on companies that he and Joe Garrett saw make money last year. Included are a flat organizational structure, pick a CFO or Controller (one is all you need), aggressive cost cutting and renegotiations of contracts, relentless focus on operational efficiencies, offer niche or unusual products like manufactured housing, hard money loans, ARMs for local banks, and construction/perm loans. (Found here, this week’s podcast is sponsored by Richey May, a recognized leader in providing specialized advisory, audit, tax, technology and other services to the mortgage industry for almost four decades. Hear an interview with ALTA’s Chris Morton on Attorney Opinion Letters and unregulated title insurance.) Lender and Broker Services, Products, and Software What clues does the current mortgage landscape hold for the future? Dig into the latest ICE Mortgage Monitor for critical intel on the data and metrics shaping 2024 for the real estate and housing finance industries. The complimentary monthly report and webinar feature expert analysis of key trends based on our vast housing data assets. If you’re looking for valuable market insight you won’t find anywhere else, you’ve found it. Don’t wait… The market won’t. Sign up now to receive the reports and monthly webinar invites.