What a Land Acquisition Project Manager at D.R. Horton Wishes They Had Known Before Entering the Real Estate Industry
Hayden, a Land Acquisition Project Manager, advises aspiring professionals to "figure out something that works for you" in terms of organization and to cultivate patience, as land deals can take "a couple of years" to close. The long timelines involved highlight a crucial aspect of the career that is not always apparent initially.
Project Management, Patience, Organization, Real-World Examples, Industry Realities
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Hayden Berson
Land Acquisition Project Manager
D.R. Horton
California Polytechnic State University
Environmental & Related Sciences
Real Estate
Real Estate
Video Highlights
1. Develop a system for organization as quickly as possible and ask others how they organize.
2. Patience is crucial, as land acquisition deals often take a long time (potentially years) to complete.
3. Be prepared for extended negotiations with landowners and brokers.
Transcript
What have you learned about this role that you wish someone had told you before you entered the industry?
I'll go back to organization, figure out something that works for you as quickly as possible. I'll also ask other people how they organize.
The other important point is to be patient. Most deals will take a very long time. You'll be working on a property for a long time and talking to a landowner or broker for a long time. It might even be a couple years before those homes are vertical or before a deal is signed.
Patience is definitely a virtue that you'll need.