Delivering excellent service happens when you put yourself in someone else’s shoes. That’s what our property manager, Eric Rehm does for all our tenants and vendors at each Recentric property. He ultimately considers what experience each practitioner is trying to offer their own patients and seeks to help them deliver that level of service.
Meet Recentric Property Manager, Eric Rehm
With over 15 years in property management in Aspen/Snowmass, Summit County and the Denver Metro area, Eric knows the value and importance of vendor relationships. He is proactive in seeking out the best vendors to care for our Recentric properties and builds trustworthy relationships with each of them. He magically nails that balance of quality and cost. He finds the best resources at the best price point, in order to keep our own operating costs low for our investors. He gets to know the contractors of each vendor, so that he has a direct line to the resources he needs. He respects the relationship and puts himself in their shoes, never calling out favors unless it is important.
No two days ever look the same for Eric. Between all our properties, he could be managing landscaping updates, checking pressure systems, talking to insurance companies, or getting to know a new tenant. While Recentric makes great efforts to be proactive with preventative maintenance, some issues are just unpredictable – like four feet of snow in one morning in Denver which caused snow plow delays, freezes, and leaks. Eric Rehm went above and beyond that day, after just flying in from LA and independently purchased a shovel from Home Depot to clear the walkways and parking lots himself!
Keeping High Standards For Vendors and Quality Service
Eric knows that the experience at each property represents the Recentric brand, which is high quality, professional, and authentic. Everything from the curb appeal of the exterior building to the cleanliness of the bathrooms need to show class and thoughtfulness for the tenant and their patients. Because Eric is naturally able to put himself in someone else’s shoes, he delivers the type of experience that he would prefer, while making others feel appreciated and cared for.
With all the serious and perplexing issues going on this world today, I feel compelled to share a positive and constructive message to help you live your best life, physically, emotionally, and financially. After all, our company’s slogan is “Investing in America’s Health”. Without going into too much detail on the scientific definition of the word “genome” and, for purposes of this article, your life genome can be described as an organisms’ complete set of genetic instructions. Here are a few ideas to create your own set of life instructions:
Put Yourself First
To stay healthy and fit, your first instruction is to make “you” first. Schedule your week in advance and block out enough times to stay active, biking, hiking, walking, yoga! Anything to keep moving.
Be a Digitally Engaged Patient
Your second instruction is to be a digitally engaged patient.
There is a digital health revolution in progress across the globe.
I recently starting using Welltory, both with my iPhone 12 and my Garmin Fenix watch to record my HRV (heart rate variable) and activities. Welltory uses an AI data approach to help you with your sleep, stress and even help you drink less alcohol.
These daily instructions and feedback can provide a wealth of health information.
Tune Out the Noise
Here are ten reasons to ditch your social networking.
Even some younger people are starting to feel the pressure. In March 2018, it was reported that more than a third of Generation Z from a survey of 1,000 individuals stated that they were quitting social media for good as 41 percent stated that social media platforms make them feel anxious, sad or depressed.
What are my new instructions? Since quitting Facebook last year, I now have time to visit my bike therapist for a few more hours a week.
Surround Yourself With Successful People
Did you know that you are the average of the 5 people you hang out with most? According to Jim Rohn, this is true.
As you start to gravitate towards positive and successful people, your life will in turn become more positive in all areas. While this instruction may be intimidating, you will be forced to step up your game. Plus, I find that successful people drink better wine!
Your life genome is yours and only yours to create, nurture and evolve over time. Our human body is made up of millions of cells, each with their own set of instructions. It’s your recipe for life. If you apply this concept to important parts of your life, you can define your own set of instructions to a path for an enriched and fulfilled life.
According to the Cambridge Dictionary, the term Hedge (noun) is defined as: a way of protecting, controlling, or limiting something. As a result of Modern Monetary Theory, investors are now worried about the inflation tax, and what they need to do to protect, control and limit their exposure to this devastating wealth killer.
The Federal Reserve has unleashed the printing presses causing a tidal wave of liquidity in the US and global economies. In fact, the Federal Reserve is printing $120 billion every month, according to Richard Duncan, author of Dollar Crisis: Causes, Consequences, Cures. As the US post-COVID-19 economy reopens for business, the cost of goods and services will undoubtedly soar.
You have probably noticed that inflation is already rising so far in 2021, in terms of consumer goods like food, gasoline, lumber and metals. According to Manoj Pradhan, a former Morgan Stanley economist, the real increase will begin next year. “The real challenge will come in 2022, when a lot of spending will have been deployed into goods or into housing, monetary aggregates will still be high with velocity rising.” In simple terms, inflation is a tax on savers, wage earners, and those without hard assets. Any class of US citizen who is not hedging the inflation tax will be crushed under the weight of soaring costs, similar to the 1970’s Carter Administration’s era of loose money policies causing runaway inflation.
Here are a few “hedges” against inflation you should consider:
1. Leveraged multi-tenant real estate: Recentric invests in multi-tenant health care real estate that is conservatively levered with debt. In today’s low interest rate environment, you would be better served to finance the purchase with 10-year fixed rate boosting your internal rate of return and hedging against inflation with the annual increases in rent and ultimate rise in the value of the asset.
2. “Commodities tend to have outsized returns during times of high inflation,” says Adem Selita, CEO of the Debt Relief Company. Commodities are a type of real asset. They are things like crops, raw materials, or natural resources. Their prices go up with those of other goods or services that use those goods. Two easy ways to invest in commodities are:
- Buying shares of exchange-traded funds (ETFs) that specialize in commodities.
- Buying shares of stock in companies that produce commodities.
3. Stable Foreign Currencies/Foreign Stocks: Investing in corporations that buy from suppliers using dollars or are paid by customers in foreign currencies is a great hedge against inflation. Corporations that source resources in the United States will have lower costs from an international perspective. Many multinational companies, such as Coca-Cola and Boeing, have benefited from a weaker dollar. As always, discuss your financial decisions with your accountant of financial planner.
In today’s fiscal runaway train of inflationary “print and spend” policies, and soon to be “tax and spend even more” fiscal policy, hedging against inflation will be the most important financial topic for 2021 and beyond.
Stay tuned for next month’s article on Biden’s Tax Policy and how to legally lower your tax bill in an unfriendly tax climate coming out of the US government.