My daughter Morgan is adventurous, creative, and interesting – super fun. When she graduated from high school she was interested in law enforcement and headed off to Portlandia to attend PSU. Her journey then changed to business marketing with a focus on social marketing. Awesome.
Soon after she announced her major change, she transferred to Oregon State University in Majordomo’s home town of Corvallis. I asked her if she might be interested in managing her first business. She enthusiastically said, “YES”!
This was an opportunity to practice what I had been preaching for 14 years. It was time to see if my suggestions and advice to clients as a real estate broker worked and made sense. Morgan’s first business was to manage a family-owned rental home in which she lived. She was psyched for the opportunity.
The first challenge – finding a property that could make financial sense in a high-demand college town with the primary requirements of 4 bedrooms and 2 bathrooms. The secondary reason was to be as close to campus as possible. We thought it would take months or might even be impossible. It ended up taking days as we found a SERIOUS fixer-upper that had been on the market for months that nobody wanted. Serious fixer-upper meant an initial Domoscore of less than 1500. Ouch. As a family, we became Majordomo’s of the home and took control with a plan.
The schedule allowed 6 months to get it ready as July 1 was move-in. Game on! The project included:
The result: This home was brought back to life. It has a new spirit and is loved. The Domoscore went from less than 2000 to 6370. We know we still have work to do as it is an old home. Our goal is 8000 and we will get there. A new roof is needed in the next 3 years along with updated insulation. Next on the list? Rebuild the back deck to add more outdoor living space.
Over Christmas, I received a message from Morgan with a picture of her first Christmas tree as an adult living on her own. I knew the home was smiling and that made me happy. All the time, work, and investment was worth it.
Lee recognized a few missing puzzle pieces in real estate transactions after spending 16+ years as a top producing real estate broker participating in 1,100+ transactions: the understanding of a property's condition, the story of a property, why it matters, what to do next, and who to call to for help. As CEO, Lee oversees the company vision, manages sales and marketing, and exploring business models. "Let's improve the owner's relationship with their home."
Majordomo created the Domoreport.
The Domoreport is the most in-depth report on a home’s condition ever created, yet it’s easy to read and you can quickly figure out exactly what your buyers need to know. It’s the new standard for helping home buyers quickly understand the condition of their home with local and highly accurate repair estimates based on their inspection.
The Second Half of the Home Inspection