4 / 12
Island Car Rental
100
"Myself and a partner of mine were realtors,
and we had the largest real estate brokerage
Director Michael Campbell. "Webought an
had a leaseback agreement with the vendor.
It was a car rental company, so we decided to
use their rental to pay the mortgage on the
building because we had too many carrying
costs."
-
ny were about to lose their jobs because the
owner was leaving Jamaica, which also put us
in a bind because we had the lease agreement
with him,"he continues. "I have a mantra that
I live b y, w hich is, ' We're constantly f aced
with o pportunities b rilliantly d isguised a s
insoluble problems.' Considering we owned
years, and the business was doing well, all we
needed was a telephone l ine and a few cars,
and we could continuepaying the mortgage."
Michael's b usiness proposal, the Jamaican
government banned importation of cars into