Happy New Year, everybody! I spent the past week down in South Florida, almost entirely disengaged from the internet and work (the harder it’s been to do, the important it’s become). I took advantage of the slow work week to reflect upon all that was accomplished this past year, celebrating the wins, and planning for the year ahead.
2016 was another great year for the blog, with all key metrics improving, better reader engagement, and an increased interest from the real estate industry.
The Metrics
2. It’s important to reflect on magic moments and celebrate small wins: Working full-time is a grind and it’s easy to lose focus and become uninspired when you’re working towards big goals far out in the future. It’s important to set big goals, but to make progress, you need to fall in love with the everyday grind of pursuing those goals. So it’s critical to celebrate the small wins along the way. With any accomplishment, no matter how small, chemicals are released giving us a feeling of achievement and pride. I use the Five Minute Journal to physically write down my wins each day.
3. There are still great opportunities in real estate: While the real estate business becomes more institutionalized across all facets including capital and information, the common sentiment is that it’s harder to win the real estate game. While it’s true you won’t find mis-priced opportunities just because you have more information, new technology and the connected world has created great opportunities for smart real estate professionals. Real estate crowdfunding, data firms, investor management software, branded B&B’s, niche co-working sites, micro-apartments, co-living spaces, tiny houses, AirBnB management companies, hyper-niche investment firms, …the opportunities today are endless! Be observant, ask questions, and determine where the pain points exist.
4. Real estate makes a great career: A great career is about doing meaningful work with great people and you can do that in real estate. It’s a vast field where there’s a role for nearly anyone. In an interview with Peter Linneman, he said if you can’t find a role in real estate that fits your personality, you need a new personality. The deeper I've become entrenched in the real estate community, the more amazed I am by the dynamic people in the field.
5. ASotREG continues to be the best thing I’ve done for my career: I say it all the time, but it’s true. For me, the blog has provided an outlet to flesh out ideas, connect with real estate professionals I admire, and build a side business. Everything I do here is complimentary to my day-to-day work in real estate acquisitions, asset management, and company operations. Entrepreneurs I’ve interviewed have become partners, tools I highlight transformed the way we analyze deals, and becoming an idea machine has made me irreplaceable within my company.
- Total Posts: 34
- Total Comments: 205
- Total Unique Site Visitors: 105,174
- Total Pageviews: 285,643
- Total Newsletter Subscribers: 3,029
- What I Look for When Hiring a Real Estate Acquisitions Analyst
- You’re Not Ready to do Your Own Deals
- Passive Real Estate Investment Opportunities for Non-Accredited Investors
- 5 Ways to be an Entreployee Within Your Real Estate Company
- When Investing in Real Estate Invest with the Best Sponsor and Ignore Everything Else
- Want to Invest in Real Estate? Don’t Buy a Property, Invest Passively.
Lessons Learned in 2016
1. The importance of play: This past summer I got a dog. He’s a Duck Tolling Retriever named Macaroni. Every morning and evening my wife and I take him to turf soccer field on the far west side to run. Playing soccer with him isn’t just fun, it enables me to forget about work, lose track of time, and be creative, all while getting exercise. On weekends, we take him hiking, to the Poconos, or down the shore, things we’ve always enjoyed doing. If you have a challenging problem, the clues will be found and solved when you mind is playing.
My View as I Write this Post
