How to Make the Most of Your Time as a Real Estate Graduate Student

Joe Stampone Start a Career 5 Comments

Let’s face it, even in this economic environment, committing to be a full-time student in your late twenties and forgoing income is a huge sacrifice. With such a high opportunity cost, students really must make the most of their time in school and take advantage of all the opportunities available to them. So how can students exploit their free time and the resources available to them as students?

Take advantage of the opportunities available free or at reduced costs to students:
I wrote a previous blog post about the perks to being a student. To reiterate, there are countless deals made available just for students. Take advantage of these opportunities because once your graduate such deals won’t exist.

Network Network Network:
Real Estate is a very person-oriented business. The value of your network is directly correlated to your success in the field. I’m currently reading a book called Never Eat Alone” by Keith Ferrazzi which outlines in detail how to expand your network, establish bigger relationships, and use those relationships to become successful in your field. Reach out to family, friends, alumni of your high school, college, and grad school, members of associations you’re affiliated with, and friends in social networks, and try to meet and connect with as many people as possible. The relationships your forge will no doubt benefit you in the future. Remember, the key to networking can be summed up in one word: generosity. I strive to go to at least 1 or 2 lunches per week with a new contact. Do you want to grab a beer or have lunch? Email me at joe@asotreg.com, I want to learn about your aspirations in real estate and how I can help you achieve your goals.

Read and learn as much as possible:
In addition to a powerful network, you need to be smart and well-informed to be successful in this business. Always be learning and reading as much as possible; be a true student of the game. The industry is constantly evolving, it’s vital to keep up with trends as well as issues facing the economy and your local market. Here are some resources I check on a daily basis to keep up with the national and NYC real estate market.

Here are some of my all-time favorite real estate books and some books on my “to read” list:

The Real Estate Game – William Poorvu
Zeckendorf: An Autobiography of William Zeckendorf

Do you have any suggested reads? I want to hear about them in the comment section.

Get involved with your local real estate association and attend industry events:
This is a great way to meet people and stay current on the market. Go to as many events as possible, and keep in mind that you’re not there just to listen and learn, go out of your way to meet people and see how you or your network can help them. Set a time later that week to get coffee. One of the best associations is the Urban Land Institute, Globe St. and Young Real Estate Professionals New York also frequently runs events.

Start a blog:
New Years Day 2009, I was 6 months removed from college, had no job, and was uncertain where the next few years would take me. I made a commitment to myself to start a blog centered on my passions; real estate, entrepreneurship, and helping people. I’ve since completed my first semester at the NYU Real Estate Institute, procured a summer job as a consultant, met some really cool hard-working people, and learned a lot in the process.

A blog is so simple to get started. Sure it’s time-consuming, but trust me, it’s well worth the effort. Remember, to establish a tribe all you need is something to say and an outlet for your message.  It’s that simple. Go to wordpress.com, customize a template, create some content, connect with like-minded people on Twitter, Facebook, and LinkedIn, and you’re off and running.

Whether you’re a full-time student by choice or by default (tough job market), make the most of your time. It’s a unique opportunity to have the chance to focus solely on school and shaping your ideal career path. Use that time wisely.

How do you spend your time as a student?

  • Really enjoyed your informative article in regards to the real estate topic. How is the luxury real estate market out there ?

    Jim

  • You students should listen to Joe. He's right on the money when he says that Networking, or your relationships, is the key to success in this business.

    The internet is changing how this whole game is played. I think young people have an advantage because you are now familiar with Web 2.0. Aside from starting a blog, use twitter, youtube, facebook and other social media and networking platforms to nurture relationships.

    Goodluck!
    -Nicole

  • Joe Stampone

    Jim, thanks for your comment. As you would imagine, the luxury market in NYC is really struggling.

    Thanks Nicole! Social networking is obviously huge and it's here to stay. The key is to make the connection online, but be sure to establish a relationship by taking it offline.

  • Junior

    It is true that your network is everything in Real Estate. You have to work everyday to build your network of people. It is said that there are only two jobs in real estate lead generation and closing deals.

  • Junior

    It is true that your network is everything in Real Estate. You have to work everyday to build your network of people. It is said that there are only two jobs in real estate lead generation and closing deals.