Welcome to the official blog of Block Real Estate Services, LLC (BRES). BRES seeks to offer insight and news concerning commercial real estate, financial investments, construction and development of the 212 communities we serve locally and nationally.

Wednesday, February 27, 2013

Starting a Career In Commercial Real Estate


Starting a Career In Commercial Real Estate
The Allen Block Scholarship Recipient shares how he approached starting a career in Commercial Real Estate and the lessons he has learned thus far...

In Fall 2011, I received the Allen Block Real Estate Scholarship, established in memory of Allen Block, a respected member of the commercial real estate community. The scholarship helped me complete my Master’s of Business Administration with an emphasis in Real Estate and Finance from UMKC. Since graduating, I have gotten married, switched positions within the General Services Administration, and started my first side business. I have learned life-long lessons even in my first years in commercial real estate. Here is an overview of some of the things I have learned since entering my professional career:


Be a Lifelong learner
After taking multiple courses in Real Estate and working in the industry for three years, I discovered that there will always be something to learn. As a result, I have started taking CCIM courses and read as many trade publications as possible. Some of these include:

Reading this material and constantly learning helps me keep a pulse on the industry and market conditions.

Find a mentor
It is never too early to find a mentor who can provide useful tips of the trade and help you navigate the industry. At GSA, I have found that I am a lot more competent in my position and approach problems differently, all because I obtain advice from two mentors. I talk to them often and consult them on challenges and opportunities I encounter. Mentors have a broader understanding of an organization because of their experience, which valuable information you can’t learn through a newspaper or trade publication.

Start a side business
During my MBA, I would get up at 6:30 AM, go to work until 5:00 PM, grab a bite to eat and then head to class from 6:30-9:00 PM. After graduating, I had some new-found free time after work, so I started working on a side business. Some people don’t recommend having another business if you are working full-time, but I find staying busy all day keeps me even more focused at my primary workplace and maximizes my time.

My first business is Kansas Property Tax Reduction. The business helps to reduce the tax liability of a commercial real estate owner’s property. I have been able to utilize a lot of the information I developed through my MBA to help with this new venture. I am still looking for my first customer, so please feel free to check out the services we provide. It is a risk free deal because we only charge you if we save you money!

Hopefully the information will be helpful to both new graduates and experienced professionals!

Contributing Author: 

Michael Elson
Lease Contracting Officer
GSA
LinkedIn


    



8 comments:

  1. Great Post! It's very nice to read this info from someone that actually knows what they are talking about. http://covenanthomemanagement.com

    ReplyDelete
  2. Exciting, I am really very lucky to find this article. Do you have any one else in this topic ? I sent to my friend, let them together to enjoy this style of writing. Thank you for sharing
    RES

    ReplyDelete
  3. This comment has been removed by a blog administrator.

    ReplyDelete
  4. please keep sharing of knowledges with us.Thanks a lot for your great posting.
    Echo aventura miami

    ReplyDelete
  5. This comment has been removed by a blog administrator.

    ReplyDelete
  6. Before starting a career in real estate must be learned well. Thanks for giving the information. I think it will be taken a positive role for new real estate businessman.
    Thanks a lot.
    apartments in salt lake city

    ReplyDelete
  7. Thanks a lot for a bunch of good tips. I look forward to reading more on the topic in the future. Keep up the good work ! This blog is going to be great resource and I love reading it.
    Condo Price Singapore

    ReplyDelete
  8. Really looking forward to you being our property management. These people are worth mentioning. They appeared for showings on time and were always professional.
    Rolling hills Estates real estate inspection

    ReplyDelete