5 Unbelievable Real Estate Success Stories
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This post highlights five inspiring real estate success stories:
Mark Hite: Owner of the Mark Hite Team and president of GCAR, Mark transitioned from retail management to real estate, where he built a successful career after meeting a mentor.
Ryan Serhant: A top real estate broker in New York and star of Million Dollar Listing New York, Ryan transitioned from aspiring lawyer to actor before finding success in real estate. His dedication, working without breaks for three years, made him one of the top brokers in NYC.
Josh Altman: A prominent LA broker and Million Dollar Listing star, Josh co-founded The Altman Brothers. His story emphasizes the relentless nature of real estate, with no time for vacations or luxuries.
Fredrik Eklund: A top broker and Million Dollar Listing New York star, Fredrik sold $3.5 billion in real estate over ten years. His secret to success is authenticity—staying true to yourself.
Linda Brock: A successful agent who has closed nearly $700 million in sales. She entered real estate in 1996 to support her children, later winning numerous awards.
The 6 Best New York Real Estate Twitter Feeds To Follow
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Twitter, with over 300 million active users, is a vital platform for New York real estate professionals to share industry updates and insights. While many realtors use Twitter, a select few stand out for providing valuable content.
Key accounts to follow include:
- @PMRNYC: Premier Metro Realty, offering expert services in real estate investment, management, and transactions since 2010.
- @ScottRechler: Scott Rechler, a real estate authority and CEO of RXR Realty, overseeing $15.7 billion in assets.
- @PrincetonRG: Princeton Realty Group, a leader in commercial real estate with over 50 years of experience.
- @empoweredpeeps: Stacey Alcorn, founder of LAER Realty Partners, and a prominent voice in real estate and business.
- @benutech: A platform offering advanced real estate software solutions with over 23,000 followers.
- @trdny: The Real Deal’s Twitter feed, a go-to source for up-to-date industry news and real estate events.
These accounts offer real-time insights and industry knowledge to help you stay informed.
Five Ways Realtors Can Increase Productivity
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Success as a realtor requires more than just long hours in the office; it demands smart, focused work. To boost productivity, realtors should focus on key strategies:
- Identify Your Focused Time: Discover when you’re most alert and focused during the day—whether it’s in the morning or late at night—and dedicate this time to high-impact tasks that help close deals.
- Prioritize Key Tasks: Avoid overwhelming to-do lists. Instead, focus on the most important tasks that align with your daily goals and move you closer to success.
- Morning Routine: Establish a consistent morning routine to set the tone for the day. For example, Bill Gates walks on a treadmill while watching instructional videos, and Arianna Huffington practices yoga and sets intentions.
- Evening Routine: End your day by engaging in something enjoyable or reviewing your schedule for the next day, which helps with reflection and planning.
Sticking to these routines, even on weekends, is essential for productivity in the competitive real estate market.
The Evolution of New York Real Estate
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As of 2016, New York’s population exceeded 8.5 million, making it the most populous state in the U.S. This large population directly impacts the city’s real estate market, making it one of the hottest in the country. New York’s real estate history dates back to 1624, when 30 families first settled on Governor’s Island. Over the centuries, the city’s real estate development has evolved to accommodate its growing population, which reached 18,000 by 1760. Today, Manhattan, Brooklyn, Queens, Staten Island, and the Bronx all contribute to the city’s robust housing market.
New York’s real estate market is supported by a diverse population and is guided by policies such as zoning regulations, rent control, and landmarking. These policies aim to ensure organized development, regulate rental prices, and preserve historical properties. The city’s long-standing history of real estate development makes it a stable and lucrative investment for the future.
5 Insane (But True) Things About New York Real Estate
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New York’s real estate market is filled with fascinating stories and unique facts:
- Empty Empire State Building: Despite being commissioned during the Great Depression, the Empire State Building initially struggled with vacancy rates as high as 77%, earning the nickname “Empty State Building.”
- High Rent Doesn’t Deter Renters: Even with rising rents, New York remains the most populous state, defying typical economic patterns, with people still eager to live in the city despite high rent-to-income ratios.
- Ghosts Are Real: In the Stambovsky v. Ackley case, New York law requires sellers to disclose if a property is believed to be haunted, confirming the truth behind ghost stories in real estate.
- Windowless Skyscraper: The 29-story AT&T building in Manhattan, built without windows, is a real, functional structure used for long-distance calling switches.
- Property Tax System: New York’s tax system creates significant land value differences between neighboring properties, with waterfront properties facing higher taxes.
These quirky facts make New York’s real estate market unique and captivating.