Corey Chambers Real Estate Newsletter September 2023 | The SoCal Home


The SoCal Home — Your Personal Guide in Shaky Times

Labor Day Approaches—Let’s Reflect

Redefining Labor Day  —  Labor Day has often been a day of rest, but given the current climate of stagflation, high-interest taxes, and union strikes, this year it serves as a call to reflection more than relaxation. You might be among those who are feeling the pinch and questioning what the future holds when it comes to homeownership or selling. I understand the complexity of the decision you’re facing, and it’s why I’m dedicating myself more than ever to guide you through these unpredictable times.

Life throws us into seasons—some of comfort, others of challenge. The one we’re in now can feel like an economic winter, but as we both know, seasons are temporary. What remains constant is our ability to navigate them, learn from them, and emerge more resilient. #CoreyChambers

This is where you come in…

For September, if you or anyone you know is considering making a move to a new home, we will GUARANTEE a minimum of $10,000 Savings for every $200,000 in sales price on the home purchase, or I will pay the difference*. You read it correctly – my labor saves you, and those you know considering making a move, a nice chunk of change. The reason why I can make such a special offer is simply that our long track record of selling homes and specialized knowledge allow us to negotiate the best deal on the best home for our best clients.  #realestate #newsletter

IN THIS ISSUE: 

  •  HAPPY LABOR DAY
  •  How Your Referrals Help Kids
  • And Much More   #realestate #newsletter

Even if YOU are not moving, you can still benefit

Each month in my special SoCal Home Newsletter, I ask, “Who do you know that may be considering a move?”

This is because YOUR referrals help the kids…

Anyone you know considering making a move or wanting to buy or sell their home, please refer them to me without hesitation. They will receive the guarantee I detailed above, and you can rest assured your referrals will help the kids at Children’s Hospital Los Angeles.

With a guarantee like this, you, your friends, neighbors, work associates, and family members who may be considering a move can now do so and avoid the uncertainties in the marketplace.

If you missed last month’s SoCal Home Newsletter, we are on a mission to raise $25,000 for the Children’s Hospital Los Angeles Helping Hands Fund, so we are donating a good portion of our income from home sales to them. As you know, Children’s does a tremendous job of helping kids fight through and survive nasty life-threatening diseases like Cancers, Leukemia, and non-Hodgkin’s Lymphoma: stuff that often robs young people’s lives.

Kids under their care are 300% more likely to enter into remission IF they can get into the recovery center. But the Recovery Center survives on Sponsorships and Donations. So YOUR REFERRALS REALLY DO HELP THE KIDS…

Who do you know considering buying or selling a home you could refer to my real estate sales team?

Not only will they benefit from our award-winning service, but we donate a substantial portion of our income on every home sale to Children’s Hospital Los Angeles Helping Hands Fund.

Your Referrals Really Do Help the Kids…

I want to make it easy to refer your friends, neighbors, associates, or family members considering making a move.

You can go to www.ReferralsHelpKids.com and enter their contact info online or forward the link to who you know considering a move.

Over the last two decades of helping thousands of families sell their homes and/or buy another, we have met some wonderful, loving, caring people. People like you! So your referrals, those you know considering a move, that we help – you can rest assured that not only will they get the award-winning service we are known for and the guarantee to back it up, but that a solid portion of the income we receive from the transaction will go toward a very worthy cause.

It’s easy to refer your friends, neighbors, associates, or family members considering making a move. Simply go to www.ReferralsHelpKids.com, or, of course, you can always call me directly at 213-880-9910.

I hope you and your family are well and this Independence Day brings you much joy and happiness. With all my appreciation.

Corey

Supporting_CHLA_logo

Corey Chambers, Broker   213-880-9910

 

P.S. We love honoring our past clients like you. Read all about that at www.ReferralsHelpKids.com

It’s easy to refer those you know considering buying or selling a home. You can go to www.ReferralsHelpKids.com and enter their contact info online or forward the link to who you know considering a move. You can also call me direct or pass my number on 213-880-9910.

Why I Support Children’s Hospital of Los Angeles

I grew up right here in Los Angeles. Born right nearby at St. Francis Hospital. I remember hearing about a young person close to our family suffering from a nasty disease and getting treated for that at Children’s Hospital Los Angeles. Then, I began to pay more immediate attention to their work at that hospital. Since then, I have learned that it is a collection of hard-working health care professionals, most making their homes right here in the Los Angeles area, all coming together for a common cause. That cause is to help young people overcome unfortunate health issues that life sometimes throws our way. Being a Los Angeles area, California native, I take pride in supporting in any way that I can the good work these people do at Children’s. My team rallies around our annual goal of raising money and donating portions of our income to help Children in their quest to heal young people when they need healing. My team and I are committed to providing outstanding results for buyers and sellers referred to us by our past clients. I have discovered that Children’s Hospital Los Angeles shares similar commitments to its patients. And since their services survive sponsorships and donations, we are happy to contribute and proud to support them.

Sincerely,

Corey Chambers 213-880-9910

Below is the story of a young patient whose life was turned around by Children’s Hospital Los Angeles.

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Caden, a Former Patient, Now Supporting Children’s Hospital Los Angeles

by Eunice Wallace

After receiving lifesaving care at Children’s Hospital Los Angeles, Caden was determined to give back. He’s now raising funds for the hospital as a Junior Ambassador—and hopes to inspire others. 

On Oct. 22, 2022, Caden McMullin walked up to the podium at the Witherbee Auditorium on the grounds of the Los Angeles Zoo. He was there to give the keynote speech at the Children’s Hospital Los Angeles Junior Ambassadors Conference, reflecting on a period of his life he doesn’t remember, because he was too young.

The story he shared was a remarkable one: Had Caden, as a fetus and newborn, not received treatment at the hospital, it’s unlikely he would have been standing there that day.

Before he was born, Caden was diagnosed with a fast-growing tumor called a cervical teratoma on his neck. At birth, the tumor was larger than his head and weighed one-third of his small 6-pound frame. But experts at Children’s Hospital Los Angeles were ready for him. While Caden was in utero, a multidisciplinary team of specialists had created a highly orchestrated plan to safely and swiftly move Caden from the nearby hospital where he was born to CHLA.

“There were probably no less than 20 providers in the operating room, ready to handle any contingency or emergency that could happen,” recalls Caden’s mom, Candace. “It was a very well thought out plan.”

A roller coaster of emotions

Candace and her husband, Eric, had several months to prepare for that moment. During a routine 20-week ultrasound, the technician noticed something unusual and urged the couple to see a specialist. They started asking around for recommendations and chose the Fetal-Maternal Center at Children’s Hospital Los Angeles, where a team led by Director David Miller, MD, diagnosed the teratoma and began to oversee and coordinate Candace’s prenatal care.

With the due date approaching and the tumor rapidly growing, it became clear Candace would need a special Caesarean section called a modified exit procedure. Two days before the Fourth of July in 2007, Caden was removed from the womb with the umbilical cord still attached to the placenta, which allowed oxygen to continue to flow as neonatology, respiratory therapy, and ear, nose and throat experts worked quickly to open the airway that was being compressed by the tumor.

“This type of multidisciplinary collaboration is something done at Children’s Hospital Los Angeles all the time. You have to plan for every possible scenario and be ready to act on a solution just right for that patient,” says Philippe Friedlich, MD, MSEpi, MBA, Chief of the Division of Neonatology and co-Director of the Fetal and Neonatal Institute, who was part of Caden’s care team. “It’s what we do best.”

Once an airway was secured, the umbilical cord was cut, and Caden was transported to Children’s Hospital Los Angeles to undergo surgery. The procedure to excise the tumor went smoothly, and a sample of the cells was sent to the laboratory for testing. Then, the pathology results came back.

“We were told it’s rare to have this type of tumor in the first place but then to find out it was cancerous? It was unexpected and just a roller coaster of emotions,” says Caden’s dad, Eric.

‘Overcoming cancer’

Head and neck teratomas occur in 1 out of every 40,000 to 50,000 births. “Only a small percentage of them are malignant,” says Leo Mascarenhas, MD, MS, Deputy Director of the Cancer and Blood Disease Institute at CHLA. “What made Caden’s case highly unusual was the tumor’s large size, its location and the dramatic way that he had to be delivered. Furthermore, targeting cancer in a newborn comes with extraordinary challenges of its own.”

Teenager with light skin tone and dark hair wearing a blue hoodie stands next to lush green fern and dark brown tree trunk
”I basically owe my life and overall good health to CHLA,” says Caden.
Dr. Mascarenhas started Caden on chemotherapy right away, developing a treatment plan that was strong enough to destroy the cancer but one that a tiny baby could tolerate.

Caden completed two rounds of chemo in the hospital—handling the treatment better than anyone expected—and was able to go home for the first time in his life shortly before Halloween.

To completely wipe out the cancer cells, two more outpatient rounds of chemotherapy followed before the lab work came back clean.

For years, the McMullins visited Children’s Hospital Los Angeles for Caden’s annual checkups. A decade went by without any complications, and when he was 10 years old, Caden was officially in remission.

Candace and Eric marvel at how far their son, now 16, has come. He’s an active high school sophomore at Loyola High School—just a few miles south from CHLA’s Sunset campus—who loves all sports, especially baseball, skiing and hiking. And they’re especially proud that he’s giving back to the hospital by raising funds and awareness in his community through the CHLA Junior Ambassadors program.

“The best part is representing Children’s Hospital Los Angeles and sharing my story to show what a special place it is,” says Caden. “I hope people will appreciate the one-of-a-kind care that results from so many different specialists working together, plus the cutting-edge research that happens at the same time.

“For me personally,” he adds, “I basically owe my life and overall good health to CHLA.”

Where amazing things happen

Supporting CHLA is a family affair for the McMullins. In 2022, they participated in the hospital’s community fundraiser Walk and Play L.A., and before Caden became a Junior Ambassador, Candace was a member of the hospital’s Spiritual Care Guild for several years. These days, she and Eric donate to two areas that hold a special place in their hearts: neonatology and oncology.

Family of four sit in front of bicycle on paving stone road
”To help an institution like this in your city … is a fairly easy thing to do,” Eric says of CHLA.
“To help an institution like this in your city, where these amazing things can happen, is a fairly easy thing to do,” says Eric.

“Had we not gone to Children’s Hospital,” says Candace, “I believe that would have diminished Caden’s chance at survival.”

Even after all these years and treating hundreds, if not thousands, of patients since then, doctors still remember Caden and light up at the mention of his name. Working at a pediatric medical institution means clinicians often watch families go home with their child, but they don’t always know how that patient is doing later on in life.

Seeing Caden in his purple Junior Ambassador shirt and out in the community on behalf of Children’s Hospital Los Angeles has been tremendously gratifying for his care team.

“It doesn’t get any better than that,” says Dr. Friedlich, who holds the Teresa and Byron Pollitt Family Chair in Fetal and Neonatal Medicine. “His family had so much courage during this frightening ordeal, and to know that Caden is now healthy and has a bright future, that is a true message of hope.”  

This article is featured in the Summer 2023 issue of Imagine magazine.

—  Story and photos courtesy Children’s Hospital Los Angeles

How you can help:

Refer your friends, neighbors, associates or family members who are considering making a move:

www.ReferralsHelpKids.com or call Corey at 213-880-9910

 

Copyright © This free information is provided courtesy of L.A. Loft Blog and LAcondoInfo.com with the information provided by Corey Chambers, Broker, BRE#01889449. We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit CoreyChambers.com, Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.

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Stop Guessing, Start Growing: When to Pivot and When to Persevere in Your Business for Maximum Profits

ASK COREY

Q: I’m not sure if I should continue going the present course or change it, based on mediocre financial results. How should I make the decision of whether to continue or change direction?

A: With rising interest rates and volatile markets, many real estate agents and other professionals must today make tough decisions on whether to down-size, stay the course or expand to take over increasing market share. The decision to continue on the present course or change direction in a business is complex and multi-faceted. For a mediocre business or a struggling project, it can often be extremely challenging to determine when to call it quits, make a big change or stay the course. Here are some strategies and considerations for a business owner facing such a dilemma:

Self-Assessment
Clear Objectives: Have a clear understanding of your business goals. Are you focused on quick profits, long-term growth, or something else? The path to take may differ based on these objectives.
Time Frame: How long have you been experiencing mediocre financial results? If it’s a short-term phenomenon, the situation might resolve itself. Long-term issues, however, may indicate deeper problems.

Data Analysis
Financial Metrics: Delve into your income statements, balance sheets, and cash flow statements. Identify any trends or anomalies that could be impacting your financial results.
Market Trends: Is your market growing, stagnant, or shrinking? A growing market may offer more opportunities for course correction.
Competitive Analysis: How are similar businesses faring? Are they experiencing the same struggles, or are they thriving? Understanding the competitive landscape can provide insights into whether the issues are specific to your business or are industry-wide.
Customer Feedback: Seek honest feedback from your customers to understand their needs and pain points better. This can inform your decision to pivot or persevere.

Consultation
Advisory Board or Mentors: Discuss your situation with trusted advisors or mentors who understand your industry. They can provide invaluable external perspectives.
Employee Input: Those who are on the front lines are often the first to see problems and may have insightful solutions. Don’t underestimate the value of internal feedback.

Strategy Formulation
SWOT Analysis: Conduct a SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) to help you evaluate your strategic position.
Pivot vs. Persevere: With all the data and feedback, you’re in a better position to decide whether a change is needed. If you decide to pivot, make sure you have the resources (financial, human, etc.) to support the new direction. If you choose to persevere, consider minor adjustments that could lead to improved results.

Risk Assessment
What-If Analysis: Evaluate the best-case, worst-case, and most likely scenarios for both staying the course and changing direction.
Resource Allocation: Ensure you have the resources to support your decision. Changing course often requires an upfront investment in terms of time, money, and effort.
Exit Strategy: Always have an exit strategy in place in case things don’t go as planned. This could be selling the business, winding it down, or another course of action that minimizes losses.
Action Plan
Once you’ve made your decision, create a detailed action plan outlining steps, responsibilities, timelines, and milestones.

Corey Chambers, Broker inspects a large raw loft in Downtown Los Angeles
Corey Chambers, Broker

Periodic Review
Continuously monitor performance metrics to ensure that the business is moving in the direction you intended. Be prepared to make further adjustments as needed.

For the question of whether to pivot or persevere, the best answer is necessarily subjective, based on one’s personal goals or business objectives. By taking a systematic approach to evaluate your situation, you’ll be better equipped to make a satisfying decision on whether to continue on your present course or make a strategic pivot.


Q: For the time-frame of a situation to resolve itself, what number of months or years would normally be considered short-term or long-term.

A: The definition of “short-term” and “long-term” can vary depending on the industry, market conditions, and the specific business in question. However, here are some general guidelines:

Short-Term
In the context of business performance, “short-term” usually refers to a period of up to one year. During this time frame, businesses may encounter temporary challenges such as seasonal fluctuations, temporary increases in costs (e.g., due to supply chain issues), or short-term declines in customer demand (e.g., due to economic cycles).

Long-Term
“Long-term” generally refers to a period extending beyond one year. If mediocre financial results persist for more than a year, especially if they extend into a two- or three-year period, this could indicate more systemic issues that may require significant changes in strategy, operations, or even the business model itself.

Considerations
Industry Norms: In fast-paced industries like technology, even a few months of mediocre performance could be considered significant. In more stable, traditional industries, businesses may look at multi-year trends to judge performance.
Business Life Cycle: For start-ups or new ventures, “short-term” may be a matter of months, as they may need to show traction quickly to secure additional funding. Established businesses with more resources may have the luxury of a longer time frame for assessment.
External Factors: Sometimes external events can temporarily impact business performance, such as natural disasters, regulatory changes, or economic downturns. It’s crucial to distinguish between impacts from external events and those caused by issues internal to the business.
Investor and Stakeholder Expectations: If the business has external investors, their expectations for performance metrics and time frames for improvement can influence what is considered short-term or long-term.
Financial Resilience: The business’s financial health will determine how long it can sustain mediocre results. Poor cash reserves or high debt levels can make even a short-term dip in performance critical.

The definition of “short-term” and “long-term” should be tailored to the specific circumstances of the business, including industry norms, business life cycle, external influences, and financial condition.


Navigating the precarious waters of a mediocre or struggling business requires a blend of self-awareness, analytical rigor, and adaptive strategy. Corey Chambers’ comprehensive outline encapsulates the necessity of approaching this critical decision from multiple vantage points. Whether it’s understanding your business objectives or diving deep into financial metrics, each step aims to strip away the fog of uncertainty, giving you a more transparent landscape on which to chart your course.

The tools suggested, from SWOT analysis to What-If scenarios, serve not just as diagnostic instruments but as guiding lights that illuminate your path—be it persevering on the current trajectory or pivoting to uncharted territories. Equally important is the counsel of others—advisory boards, mentors, and even your own employees can offer insights that you might have overlooked. Inclusion of such external and internal perspectives adds layers of scrutiny and wisdom to your decision-making process.

Moreover, it’s essential to remember that the decision you make isn’t set in stone. Your periodic review mechanism ensures you remain nimble, ready to make further adjustments as needed. This allows you to respond not just to internal changes within your business, but also to external shifts in the market or competitive landscape.

At the end of the day, the decision to pivot or persevere is not merely an end but a strategic continuum. It’s a dynamic process that is shaped by your goals, informed by data, bolstered by consultation, and refined by ongoing assessment. By embracing a methodical approach as outlined, you’re not just making a choice; you’re making an informed choice. This is where the subjectivity of personal and business objectives meets the objectivity of hard data and external advice, culminating in a decision that is not only sound but also satisfying.

How can we help you? Request more information on Downtown Los Angeles, lofts, real estate or business. Fill out the online form:

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker DRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Text and photos created or modified by artificial intelligence. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.