Ya think it's easy?

“The Bloodhound leads the pack – but the handler leads the Bloodhound.”

I am rehabbing a rental property just now, in preparation for a new lease. We’ve only turned this house over twice in the past ten years, so it’s getting a lot: New paint, carpeting, blinds, plus fit and finish everywhere. I’m hoping to be done for less than $8,000 – where I would have been finished at $5,000 last year.

It’s a boss’s job, and I like it: My goal is to do the best I can with the money I have in the quickest time possible. But it’s funny to me how little of my time goes into a job like this. I don’t charge my investors for this kind of work – I list and lease; I don’t nickel and dime – but my part consists of knowing what I want and whom to hire and putting them to work.

I do almost all of my planning and coordination by texting from my phone – from anywhere I happen to be. There is almost nothing in the way of paperwork, and the clipboard-jockey part of the job comes down to scheduling, so people aren’t impeding each other’s progress. Not even much in the way of management-by-walking-around, since I would just be in the way. I work well alone, and I work well with people who work well alone.

But if I don’t work, no one works. Like the poor-in-character, the Marxist Labor Theory of Value will always be with us, apparently, but all you have to do is rehab a house – or just paint one – to discover why nothing gets done without management.

In other news:

CNBC: Mortgage rates drop, but not enough for priced-out homebuyers.

Housing Wire: How fix’n’flip loans could help expand housing inventory.

Zero Hedge: Nobody Wants To Work: Job Openings Soar To All Time High 9.3 Million As Record Numbers Quit Their Job.

City Journal: Call An Audible on Economic Recovery: Policymakers are using the same old playbook to solve a different challenge.

Daniel Greenfield: How Democrats Created a Carjacking Outbreak.

City Journal: Bonkers on the Bay: Educational leadership in San Francisco has all the gravity of a Marx Brothers film.

Josh Hammer: COVID marked the twilight of America’s arrogant ‘expert’ class.