Daniel Hansen

Buying homes and fixing them up. | Co-Founder @ Decimal. | 140 units and $24M under management

[Vidit Saxena @supermode_]

Last year, we stopped acquiring and brought property management in-house. 3rd party PMs were a nightmare—broken incentives; they made money when we lost money.

So we offshored ops and hired a director from BCG with consulting chops, and the results? Massive turnaround.

Now we have optionality—if we want long-term holds, we’ve got a killer management team in place.

Just look at this one metric of economic occupancy.

Economic Occupancy %=(Actual Collected Rent/Gross Potential Rent​)×100

Only wish we did this sooner!

[Daniel Hansen @danielhansen_]

@SeanODowd15 The way I think about it is, can the agent get a 6% higher sale price than I could on my own?

How can I incentivize only on the delta between my commission-free sale price the price they can obtain?

Doing it now on a 7-unit, agent gets 35% of the delta.

[ₕₐₘₚₜₒₙ @hamptonism]

When we turn 18, we wish we took on sports earlier.

When we turn 25, we wish we tried harder at school.

When we turn 35, we wish we started that business.

When we turn 40, we wish to do it all over again.

The truth is the best time to plant a seed was 20 years ago.

The second best time, is today.

[Daniel Hansen @danielhansen_]

@LoganARobison ROI on A-players is 2 to 1 easy!

[Daniel Hansen @danielhansen_]

It’s easier to solve a maze backward than forward.

That's the power of having a written vivid vision. @CameronHerold

[Dr. Julie Gurner @drgurner]

The more independent you set up your life to be,
The better positioned you are to take on just about everything in business & life.

The less dependencies you have, the more optionality you have.

[Daniel Hansen @danielhansen_]

@theficouple @CoachMacHTX Sometimes it’s better to try and fail than to be at the end of your life regretting having never tried at all.

[Daniel Hansen @danielhansen_]

@TeamHerrold You’d be surprised, pretty sizeable homeless population there. I’m more shocked by the city letting that banner sign fly!

[Daniel Hansen @danielhansen_]

@PropertyHelp4U @N8RealEstate Some states require you to hold onto left over belongings up to 10-30 days. Important that your lease agreement waive this right where possible.

[Daniel Hansen @danielhansen_]

@moseskagan Skipped straight to 3 but partnered to get 1 & 2. The right partners turn decades into days.

[Daniel Hansen @danielhansen_]

Happiness is a choice not a condition. It’s about choosing optimism over pessimism.

[Daniel Hansen @danielhansen_]

@girdley Title insurance just tops the list because so few people end up needing it.

Insurance, like most things, feels wasteful when having gone unused.

[Sean @SeanODowd15]

Ireland flirted with anti-landlord laws a few years ago

The result was only 700 rentals available in the entire country, and lines of 100+ tenants deep to see a single rental

700 rentals for 5 million Irish people doesn't cut it

The anti-landlord laws are gone now

[Daniel Hansen @danielhansen_]

Often, stress comes from failing to address challenges you’re facing.

You don’t even need to fully solve the problem to begin alleviating the stressor.

I’ve found simply taking a small first step works wonders on reducing my stress levels.

Just send one email or text, get the ball rolling.

[Daniel Hansen @danielhansen_]

@bryan_johnson @0x_charlemagne Knowing your prioritization is helpful to so many.

Most followers are resource-constrained; they’d benefit from knowing what the Level 1, 2, 3, etc. supplements and tests are.

[Daniel Hansen @danielhansen_]

@BrianFeroldi Entrepreneurs are surprisingly risk-averse.

That contradicts the image most people conjure up in their heads.

They’re experts at calculating and managing risk in pursuit of an asymmetric bet, where the downside is much less bad than the upside is good.

[Daniel Hansen @danielhansen_]

@PathwayToFI The idea of not pursuing college has become more prevalent in last 5-10 years due to increases in opportunities for those w/o a degree.

Net worth is a lagging indicator though. It’ll be interesting to see where this data is in 50 years.

[Daniel Hansen @danielhansen_]

@PropertyHelp4U How do you take these videos so they have enough resolution to pick out issues? Just iPhone camera, quick scan of every wall, or something else?

[Daniel Hansen @danielhansen_]

If each action has a 1% chance of success, you might get there on your first try—some do—but it’s rare.

Now, take 100 of those actions, or 1000, you’re nearly guaranteed a win.

Hard work increases your chances of a lucky break—it’s what links the lucky moments together.