Favorite Parts Of Working In The Real Estate Industry As A Managing Director
Michael, a Managing Director at a California real estate company, finds the industry's high earning potential most rewarding, stating that "it only takes one call" to potentially "make a lot of money." This highlights the lucrative, high-stakes nature of the career and the impact of successful deal-making.
High Earning Potential, Networking, Sales, Client Relationship Management, Business Development
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Michael Wernick
Managing Director
California Real Estate Company
University of Arizona. 2013
No
Psychology
Real Estate
Sales and Client Management
None Applicable
Video Highlights
1. High earning potential: A single deal can generate significant income, highlighting the lucrative nature of the industry.
2. Fast-paced and dynamic environment: The industry is characterized by its ever-changing landscape, requiring quick decision making and adaptability.
3. Importance of networking: Building and maintaining strong relationships with clients and other professionals is crucial for success, as exemplified by securing a deal through a single call.
Transcript
What do you enjoy most about being in the real estate industry?
I think I enjoy that at any given moment, in any given deal, you can make a lot of money. It only takes one call.
You can call one tenant who occupies 20,000 square feet. Their lease is coming up, and they say, "Hey, look, you called me at a good day and time. Let's meet." You get hired, you do that deal, you make a lot of money, and it's great.
It only takes one call, and that's what I enjoy most.