|Re: Development budget (broad strokes)||<– Date –> <– Thread –>|
|From: Sharon Villines (sharonsharonvillines.com)|
|Date: Fri, 6 Feb 2015 06:45:31 -0800 (PST)|
> On Feb 5, 2015, at 1:16 PM, Chris ScottHanson <cscotthanson [at] mac.com> > wrote: > > I rarely disagree with Sharon but I do here. > > I have found that banks are not a good source of referrals to local > development professionals. It's very hard to find the right person at the > bank. No one wants to refer you up the food chain because they all want > credit for a new client. They are inclined to sell you their loan product > and in doing so they are only inclined to tell you what they think you want > to hear. In other words they often don't tell you the whole truth as you > might see the truth. > > When I parachute into a new location doing land search work, which I have > done all over North America, I start with a local lumberyard. Why a > lumberyard? Objectivity. I ask to speak to the accounts receivable person. > Then I ask the A-R person if they can recommend a couple of really good > contractors, their best clients, contractors who buy a lot and pay on time. > Contractors who survived the recession. They are very happy to share these > referrals to their best customers because it helps their business long-term. > I do this with at least two lumberyards. Obviously, an excellent recommendation. In recommending banks, I forgot my own Janitor Rule that I posted a few months ago: > When I was in college I learned that the head of maintenance knew more than > anyone on campus. He had overheard conversations for years because the board > members and heads of volunteer groups paid no attention to him. And he > emptied the trash. And he had been there longer than any of the > administrators. As head of the student council I often planned events. He was > the one who knew which constituency was likely to object and why. Many of the > administrators had not a clue. He could also tell me things without being > restricted by college regulations or status issues. One community I worked with found a very good contractor by going to the bank, however. But the guy who did the research also had contacts at the bank. He had a lot of money and owned property so as Chris said, that probably influenced his ability and Gilda's as rep of the Cohousing Company to gain access. Good correction, Chris. Sharon ---- Sharon Villines Takoma Village Cohousing, Washington DC http://www.takomavillage.org
Development budget (broad strokes) Peter Goldstein, February 5 2015
- Re: Development budget (broad strokes) Sharon Villines, February 5 2015
- Re: Development budget (broad strokes) Ann Zabaldo, February 5 2015
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