Blog Day 2:

After I received my Doctorate Degree, I was totally burnt out. It was a long road going to school, raising two young girls, and operating three charter schools. So, my husband and I decided to move to Dolores, Colorado in 2005. I left the charter schools, physically, but I was hired as a consultant for five years. I also personally retained a property lease/option to buy one of the charter school buildings. 

After moving, the owner of the property I was leasing from said that I had broken my lease because I was not the principal of the charter schools anymore. Nothing changed with the lease agreement, but the owner said I assigned the lease when I resigned from the school. Now the word assigned was new to me and I did not understand what he was talking about, so I hired an attorney. My attorney just kept writing letters back and forth with his attorney and it seem like I was spending a lot of money and getting nothing resolved. Finally, I hired another attorney who took more action and I ended up getting $70,000.00 to release the lease contract. 

I was excited to receive that much money at one time when I thought I was going to lose the property…and I spent the money paying off bills which is not a bad thing to do. However, I could have leveraged some of the money so it would have made more money if I knew then what I know now.

Prescription for today:

     1) Hire the right attorney the first time.

     2) Understand the language in any contract you sign. 

     3) Leverage money to make more money.

No comments yet.

Leave a Reply

Powered by Designed by WooThemes

%d bloggers like this: