What Type Of Person Thrives In Real Estate Development, According To A Senior Project Manager At The Grupe Company
Rob, a Senior Project Manager in real estate development, highlights the importance of an "entrepreneurial mindset" and a "can-do attitude" for success in the industry. The ability to "think outside the box" and identify opportunities, even when faced with constraints, is crucial, requiring creative problem-solving and a willingness to explore unconventional solutions.
Entrepreneurial, Creative Problem-Solving, Opportunity Focused, Can-Do Attitude, Resilience
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Rob Toste
Senior Project Manager
The Grupe Company
California State University Stanislaus
N/A
Business Management & Admin, Entrepreneurship
Real Estate
Operations and Project Management
None Applicable
Video Highlights
1. Entrepreneurial spirit: Success in real estate development requires thinking outside the box and identifying opportunities where others might not.
2. A 'can-do' attitude: Overcoming challenges and finding creative solutions is crucial. Perseverance is key when facing obstacles.
3. Financial and physical feasibility analysis: Understanding project constraints (costs, land limitations) and adapting plans accordingly is essential for success
Transcript
How would you describe people who typically thrive in this industry?
Sure. People who would thrive in real estate development specifically have to be entrepreneurial. You have to think outside the box and have a lens of opportunity.
You also need a "can-do" attitude. Don't give yourself a "no" if there isn't an apparent one. For example, if you're looking at a piece of land, there's an opportunity to be had somewhere.
You just have to figure it out, think through it, and come up with creative ideas. Sometimes, those creative ideas are exhausted, and it just doesn't work out financially or physically.
There might be too many physical constraints. Maybe the land is on a hill, and it's going to cost half the project budget just to make it viable to build on.
In that case, that specific project might not work. But perhaps that land would be suitable for something else, like a mini-golf resort. However, that's not our industry, so we'll leave it to the folks who focus on that.
Ultimately, it's about having that entrepreneurial mindset and the drive to make things happen.