Inside this Issue – Spring 2010


Welcome to the 2010 spring issue of the S.E.C. Observer. William F. Richert, S.E.C. President, warns that “it is always darkest before the dawn,” but expresses confidence that our economy will improve. Bill Wilson allowed us to reprint the article he wrote for the Wichita Eagle that features the successful traits of one of our most treasured members, Colby Sandlian. Dennis Crull, S.E.C., CSPG, shares “tax-saving exit strategies for retiring real estate investors;” and Charles E. Sutherland, S.E.C. provides you with the “nine keys” to success in hotel turnarounds. Ted J. Blank, S.E.C., CCIM, asks us to “love a banker” – even in this market – in the first of a three-part series.
Lance Warner, S.E.C. Education Foundation President, updates us on the progress of the S.E.C. Education Foundation and the S.E.C. Bookstore. One of our most colorful and outspoken members, Hank Haden, S.E.C., is “in the spotlight” this issue.
Winston Churchill said: “The farther backward you can look, the farther forward you can see.” The articles from the original Real Estate News Observer are published in the History Files with Churchill’s quote in mind. As we approach our 50th Anniversary in January 2011, these articles remind us to maintain the S.E.C. traditions of excellence in service, experience, and counseling; while also encouraging us to evolve, improve our skills, and look to the future. In this issue, Richard Reno’s article, “A Way of Life,” clearly defines the benefits of counseling and attending marketing meetings; and Cliff Weaver shares some of his basic strategies to help us build our “Nest Egg”.
Our national sponsor, Bill Exeter, Exeter 1031 Exchange Services, LLC, keeps us up to date on issues that concern our marketplace, and the extent of his knowledge is impressive. Read his article in this issue to determine whether your 1031 replacement property ID would withstand an audit.
Enjoy this issue, and as always, we welcome comments, suggestions, and submission of articles to be considered for publication. Please contact the S.E.C. office via email sec@secounselors.com.
Jackie Hellingson
S.E.C. Observer Editor