Tag: NYC Realty

5 Essential Books for Commercial Real Estate Professionals

5 ESSENTIAL BOOKS FOR COMMERCIAL REAL ESTATE PROFESSIONALS _ KEVIN BRUNNOCKThe best real estate professionals are always looking to learn. Whether it’s making the most of new technology or being as productive as possible, there’s always room for improvement. The problem is, there are hundreds of books, podcasts, and seminars to choose from. In this post, real estate professionals will discover the 5 most important books to advance their career.

1) The Millionaire Real Estate Agent

This book, written by Gary Keller, is widely considered the best book for real estate professionals in existence.

Real estate professionals will be given clear, actionable steps they can use to improve right away.

The book is most helpful for brokers, but it doesn’t focus on just one specialization – so almost anyone involved in real estate can benefit from it.

2) Real Estate Finance and Investments

It’s rare that a book can help both the beginner and the experienced professional – but William Brueggeman and Jeffrey Fisher accomplished just that when they put together this text.

This book not only teaches readers how to invest in real estate, but it also has a lot of complex strategies and formulas. This makes it an excellent reference guide to always have handy.

3) Raving Fans!

This book is all about providing the best customer service in order to close deals as a real estate agent.

Readers will discover how to clarify their vision so that customers want to do business with them. Then, the book goes a step further and shows the reader how to make those new customers lifelong fans.

4) The 4-Hour Work Week

If someone is looking to improve their productivity as a real estate professional, this book should be at the top of their list.

They’ll learn every possible way to get the most out of their time, whether it’s outsourcing administrative tasks or attracting new customers.

5) Principles of Commercial Real Estate Underwriting

This classic text is an excellent reference material for someone who needs a refresher on certain aspects of real estate.

With this book handy, the reader can underwrite commercial real estate assets with ease.

These are the best books available for commercial real estate professionals. Whether a professional is looking to simply improve their productivity, have a go-to guide, or immerse themselves in the industry – it’s all possible with the books on this list.

 

Non Natives, Do They Affect NYC Rent?

The renters market in NYC fluctuates frequently and in recent years New York City real estate has skyrocketed to new heights. It’s no secret that New York has some of the highest rent in the country. Some may even see New York City as unattainable for living standards. But it wasn’t always the case. The outer boroughs and some parts of Manhattan were once havens for middle and lower class families to live comfortably and still have a familial community feel. Some of the top neighborhoods that thrive as up and coming areas were once tight communities that featured an array of ethnic groups and a myriad of economic enclaves.

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For example, Hell’s Kitchen is probably one of the most storied areas affected by a transition of residents and rent hikes. Hell’s Kitchen was once a neighborhood mainly inhabited by poor and working class Irish-American immigrants. Instances of this can be seen in movies such as Gangs of New York and Sleepers. However, with it’s close proximity to the theater district as well as its perfect location in midtown, developers saw this area as a goldmine and the neighborhood started to shift in demographics. But who’s to blame? Just like in now prominent neighborhoods in Brooklyn such as Williamsburg and Park Slope, neighborhoods that were once familial areas for working class families are now seen as luxury neighborhoods with rent that is reserved for the upper class. Gentrification has long been seen as the sole reason to these changes.

According to its definition, gentrification is the process of renewal and rebuilding accompanying the influx of middle-class or affluent people into deteriorating areas that often displaces poorer residents.That can be seen as true. Who makes up the influx of individuals responsible for gentrification? Many believe this is the cause of young professionals that come from areas outside of the “the city” or five boroughs who are simply looking for cheaper rent. Once in these individuals move into the area, it can be seen as a “potentially desirable” area which can then woo investors and developers.

Gentrification isn’t necessarily a negative thing. It can bring a much needed renewal to a deteriorating neighborhood and new revenue and resources into a community. But what shouldn’t happen is the removal of the culture of said neighborhood. The only thing that’s left of Hell Kitchen is the name with very few remnants of the old neighborhood. As a realtor, I can appreciate the rise in rates, but as a New Yorker, I will always appreciate the old New York that was full of culture and dreams.

 

Top 4 Tips For Becoming an Entrepreneur

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Becoming an entrepreneur can be a very scary and life changing. But in today’s uncertain economy, many people are looking to go through the route of an entrepreneur in order to create their own paths and futures. But how does one get to that level? We all know it takes hard work and dedication. But what are some things that true entrepreneurs do in order to become successful entrepreneurs? Building a business from the ground up is no easy feat, but it can definitely be done.

Check out some of my tips on becoming a successful entrepreneur:

Take Risks

Everyone knows the saying “You miss 100% of the shots you don’t take”. In order to gain a reward, you have to take a chance on your idea. There will be times where you fail, but you need to learn to take those failures in stride and learn from them in order to turn them into an opportunity. In order to succeed you must be willing to fail. If you’re a young entrepreneur. you have a better opportunity than anyone in order to take this step. If you fail, dust yourself off and try again.

Be Persistent

Nothing happens overnight. Continuing to work for your dream and and putting effort into with pay off with huge dividends. Build relationships with people. Figure out your target audience and who potential partners and sponsors could be. Reach out to these individuals and continue to show them how committed you are. Be careful not to move into the “annoying” space. Be calculating with your persistence and make sure to convey your message clearly. Don’t ramble.

Never Stop Learning

The worst thing that can ever happen to an entrepreneur is one who feels like they know everything and have nothing else to gain. With the ever changing world including its technology, there is always more to learn. Utilize your team and learn from each other. You’ll become unstoppable.

Utilize Social Media

We have an advantage that older entrepreneurs didn’t have. Social Media. Many people don’t see the importance of this tool, but it’s is quite possibly the most useful one can possess. It’s FREE marketing. Most social media properties are free to join and it is a great way to connect directly with your consumer base as well as one of the best ways to get your information out effectively and in a non costly manner.

Use these tools and you’ll be on your way to becoming an entrepreneur in no time! Best of luck!


For more tips on entrepreneurship check out Kevin Brunnock on Twitter!