Your Word Should Be Your Promise

[Tom Goans]

Your Word Should Be Your Promise

I firmly believe in and live by the statement; A Man Is Only As Good As His Word.

I am old fashion - attribute this to my age and those with whom I associated and were my mentors. Personally, I have never made a commitment without the full intention of seeing it through to the end. Even when I make an appointment, I am always early - not just on time.

Two times this past week I read fellow members of this blog state they would without remorse walk away from an obligation, commitment, promise, responsibility, and their word. They encouraged others to have the same attitude within their business plan. It is not just their word is no good. They are willing to execute written agreements with in mind the option to break the promises made by willingly defaulting on the debt. No wonder for the promotion for encouraging as much debt as possible. I got mine, now you get yours.

The other interesting factor, these same “investors” expect tenants to meet every obligation of a lease and pay every cent.

This is very troubling for the real estate industry and is a cancer that may attribute a bad reputation for all who have a desire for a long and successful career in the real estate business.

Is the real estate industry headed towards gaining the same untrustworthy reputation as politicians?