Cut your operating expenses by separating business from personal

By
Real Estate Agent with HomeSmart Realty West CalBRE #01458572

My owner is a Realtor at Century 21 Award in Mission ValleyI buy bottled water for my open houses and put my Realtor label on them to give away.

In tracking my expenses over the years, though, I realized that I was drinking just as much bottled water as I was giving away.

That's when I decided that it was time to buy a water-filtration system for the kitchen faucet.

Now I have a quart container for my own water and I can save the water bottles for my open house guests.

In looking at my expenses for January through November of 2009 compared to the same period last year, my bottled water expenses are down $332 even though I've had two fewer open houses but sixteen more visitors.

If you find yourself using your real estate resources for personal pleasure, you might see what you can do to further separate the two.

By the way, we have the PUR FM-3700 three-stage filtration system for the kitchen faucet. Retail cost was about $30 at Wal-Mart at the 2008 After-Christmas sales.

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I'm available 24/7, so feel free to contact me by phone or email.

Jim Frimmer, Realtor
Century 21 Award Mission Valley
California DRE License #01458572
619-729-5701
jimfrimmer@century21award.com
Mission Valley Condos Information

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Rainmaker
152,862
Kari A. Battaglia
RE/MAX Alliance Group - Venice, FL
Venice FL Realtor - RE/MAX Alliance Group

Jim - Some food for thought.  Cutting expenses down is the name of the game right now and we have to do whatever necessary to remain in the green.  Thanks for sharing.

December 13, 2009 04:24 PM #1
Rainmaker
497,384
Brian Burke
Kenna Real Estate - Highlands Ranch, CO
Broker & Advising Expert-Denver Luxury Real Estate

Hmmm we may have to look at the Open House cookie consumption - LOL ~Rita

December 13, 2009 04:28 PM #2
Rainmaker
273,377
Irene Tron
Valparaiso, IN

I found I was doing exactly the same thing with bottles of water.  Most of them were consumed by my family.  That doesn't make much sense.

December 13, 2009 10:05 PM #3
Rainer
339,851
Kris Wales
Keller Williams Realty - Lakeside Market Center - Macomb, MI
Real Estate Blog & Homes for Sale search site, Macomb County MI

Jim, what a nice example of how really looking at our expenses can help.  I bet we could all cut $50 a month easily just by doing what you did - examining and having that eureka moment :-)

December 14, 2009 05:06 AM #4
Rainmaker
649,807
Realty Works Temecula
Realty Works Temecula - Temecula, CA
Real Estate, Temecula, Murrieta, Menifee

Jim:  Very true...I have cut down on my bottled water too.   We used to go through so much around here until I just stopped buying it. 

December 14, 2009 05:25 PM #5
Rainmaker
281,929
Carra Riley
Author, Speaker, Consultant, Carra Riley Inc. - Williams, AZ
CRB, CRS, GRI

Jim,

What a great idea. I'm trying to buy less bottled water, too. Not only does it get expensive, it sure is a lot of wasted plastic!

December 14, 2009 06:49 PM #6
Rainmaker
1,108,139
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

Hey, Kari - We can't always control income, but quite often we can control expenses.

Hey, Rita - Especially if you're the one eating all the cookies! LOL. I also had to quit taking chocolate candy to open houses because I was the one eating most of it.

Hey, Irene - There probably are a lot of things that don't make sense if we'll just stand back and look at the complete picture.

Hey, Kris - And $50 a month, $600 a year, can pay for a lot of gas, marketing, advertising....

Hey, Jane - You mean you stopped cold turkey?

Hey, Carra - We recycle the plastic here, getting a nickel back for each plastic bottle. That helps some.

January 09, 2010 06:28 PM #7
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Rainmaker
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Jim Frimmer

Realtor & CDPE, Mission Valley specialist
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