Personal Growth
Seizing the Moment: Understanding Opportunity in Modern Times
Photo by Ruth Georgiev on Unsplash
Let’s chat about a concept that has always fascinated me: Opportunity. What is it? How do we recognize it? And, more importantly, how do we seize the moment?
Recognizing the Right Moment
Often, people think of opportunity as a lucky break, an unforeseen advantage that lands unexpectedly. But the essence of opportunity lies not in luck but in the conjunction of time and circumstance. It’s when a specific moment meets a particular set of conditions, creating the perfect environment for action.
For example, opportunities in the multifamily space manifest as vacant units, an evolving interest rate market, challenging labor markets, and changing demographics. Recognizing and aligning these moments with our goals and resources allows us to create something valuable.
The Modern Era of Opportunities
The digital age has transformed the landscape of opportunity. With the internet at our fingertips, opportunities once localized or limited by geography are now accessible anywhere. The barriers are lowering, be it a new job, investment, or a chance to learn.
But with this abundance comes the challenge of discerning genuine opportunities from distractions. Recognizing and acting upon genuine prospects in an information overload era becomes a valuable skill.
Circumstantial Opportunities
Some opportunities arise purely out of circumstance. With its myriad challenges, the current global scenario might seem like a hindrance to many. But for the discerning eye, it presents numerous chances to innovate, adapt, and grow. If you can train yourself to see around the corner and connect the dots, you will earn the opportunity to be ahead of the curve and to lead others.
For instance, the COVID-19 pandemic, despite its devastating impacts, led to a surge in remote work, digital leasing solutions, and centralizing of work efforts. Those who were quick to identify these shifts and adapt accordingly found themselves not just surviving but thriving.
The Essence of Opportunity
At its core, opportunity is an invitation. It’s a call to step out of our comfort zone, to challenge the status quo, and to embrace change. It’s a reminder that stagnation is not an option, especially in a constantly evolving world.
Every day, we come across opportunities in various shapes and forms. It might be a chance conversation, a new book, a business idea, or a life-altering decision. The key lies in being present, observant, and willing to take that leap.
Opportunity in Daily Life
But it’s not always about the big moments. Opportunities also lie in the mundane, the routine, and the everyday. It’s the choice to take a different route to work, to speak to a stranger, to try a new dish, or to pick up a new hobby. It’s about seeing the potential in the ordinary and the promise in the familiar.
One must cultivate a curiosity, openness, and adaptability mindset to seize the moment. It’s about being proactive, taking risks, and understanding that failures are merely stepping stones to success.
Opportunity is not a fleeting moment of luck. It culminates time, circumstance, and our readiness to act. As we trek through this modern-day landscape, let’s strive to be more observant, receptive, and willing to embrace the myriad opportunities that come our way.
And always remember: Every moment holds the potential for greatness. It’s up to us to recognize, seize, and make the most of it. Seize your moment!
Share this:
Virginia Love | Collective Conversations
Release Date: 08.08.2023
In this episode, Mike Brewer sits down with Virginia Love – Industry Principle at Entrata. Virginia is a highly respected expert in the multifamily industry with a long history in multifamily leasing, marketing, and operations. She is a champion of the people in our industry and has a deep understanding of the ways that technology impacts the front-line teams and believes that it is our responsibility to elevate the role our team members play in the success of our industry.
Key Discussion Points:
- Lasting impact of the pandemic: The pandemic shed attention on the importance of the site teams and led to the current focus on them as the drivers of performance and doing what is right for the site teams, recognizing the need to reconsider appropriate wage levels. The pandemic accelerated the pace and adoption of technology and forced companies that were sitting on the sidelines to engage with virtual tours, self-guided tours, and more.
- Culture Matters: Entrata is a technology company that actively engages its customers in the Entrata culture – so much so that they become invested in the Entrata brand.
- Economic Inclusion: For decades, the only impact for residents who paid their rent on time was not incurring late fees and being sent to collections. Entrata offers a program that reports resident payment history to the major consumer credit reporting agencies. Giving renters the ability to build their credit by simply paying their rent is a significant economic empowerment tool.
- The Value of Yes – Advice if you desire to grow your multifamily career: Get involved. Make Yourself Indispensable. Do whatever other people don’t want to. Get active in your Apartment Association, IREM, or NMHC. Take every opportunity to learn and don’t wait for someone to teach you. There are countless ways to build your knowledge so take charge of your education and growth.
In between the non-stop camaraderie and laughter, Mike and Virginia share practical tips and advice based on their extensive knowledge and expertise in the multifamily industry.
Whether you’re a seasoned investor, property manager, vendor/supplier, or someone interested in learning more about the multifamily market, this series offers valuable insights that can help you navigate the challenges and seize the opportunities in this dynamic industry.
About Mike Brewer
Mike Brewer is enthusiastic about people, technology, and the world of multifamily. He serves as President of RADCO Residential and COO of The RADCO Companies. As the Founder of Multifamily Collective, Mike draws on his deep understanding of the multifamily space and is passionate about sharing insights and wisdom through a series of Collective Conversations with others in this industry. This podcast creates a platform for industry professionals to connect, learn, and grow together.
About Virginia Love
Virginia Love, Industry Principal at Entrata is directly involved with marketing, product and sales as a liaison from the multifamily industry to these departments. Before joining Entrata, she held prominent leadership roles for apartment owners and operators such as Trammell Crow and ING Clarion. Immediately prior to coming to Entrata, she was Vice President of Leasing and Marketing for Waterton Residential. With nearly three decades of industry experience, Virginia has served on numerous multifamily committees and boards for industry organizations including the Atlanta Apartment Association, Georgia Apartment Association, National Apartment Association, National Multifamily Housing Council and Zillow Multifamily Advisory Board. Love served as the 2018 Chairperson of the Georgia Apartment Association and the 2011 Chairperson of the Atlanta Apartment Association. Virginia is a National Apartment Association Lyceum graduate. In 2021, she was named a Multifamily Influencer by GlobeSt. Real Estate Forum and was honored by Connect CRE’s Women in Real Estate Awards for 2022. Virginia is also a part of the Apartment All Stars.
Additional Resources:
Some of the world’s largest owners and operators use Entrata’s vast suite of products to manage their entire portfolios using one operating system. Multifamily, Student, Affordable, Military, or Commercial – Entrata has the technology solutions to meet your needs. www.entrata.com
Sponsorship Info:
This episode is sponsored by: Updater
Updater is the app that gets residents move-in ready faster. Did you know that residents who are happy with their move-in experience are 59% more likely to renew their lease? Move-ins matter. Get them right with Updater. Visit go.updater.com/mike, and as a special gift to our listeners, Updater is offering a special gift when you book a demo.
Connect with Us:
We would love your feedback, questions, and topic suggestions for future episodes. Feel free to reach out to us via info@multifamilycollective.com or connect with us on [Social Media Platform(s)] LinkedIn, YouTube, and Facebook. Our podcast and interviews are also available on Apple Podcasts, Spotify, or anywhere you stream your podcasts.
Subscribe and Share:
If you enjoyed this episode, rate, review, and subscribe to our podcast on [Podcast Platform(s)] and share it with your friends, colleagues, and anyone who might find it valuable. Please help us spread the word about Multifamily Collective and empower others to thrive in the multifamily real estate industry.
If you or someone you recommend is interested in learning more about sponsorship opportunities, pleasecontact us.
Please subscribe to our weekly newsletter – The Collective Rundown
Thank you for tuning in to Multifamily Collective. Stay tuned for more exciting episodes coming soon!
Disclaimer:
The views and opinions expressed in this podcast are solely those of the individuals involved and do not necessarily reflect the official policy or position of MultifamilyCollective or any other organization mentioned during the episode. The podcast is for informational purposes only and should not be considered professional or legal advice. Always consult a qualified professional or your organizational leadership before making strategic, professional, financial, or investment decisions.
Share this:
Graham Duprey | Collective Conversations
Share this:
Unleashing Growth in Multifamily Leadership: The Power of Courageous Conversations
Redefining Growth: The Integral Role of Courageous Conversations in Multifamily Leadership
Photo by Michael Dziedzic on Unsplash
Summary
In the world of multifamily real estate, leaders often grapple with complex and pressing issues. In this context, growth isn’t merely about the number of properties owned, the unit count managed, or the revenue generated. It extends beyond material gains to encompass the ability to foster open, honest, and brave conversations in moments of truth. Let’s dive into the relationship between growth and courageous conversations and how this paradigm shift can transform leadership in the multifamily space.
Problem
The multifamily space is fraught with challenging decisions, complex negotiations, and intense competition. Leaders often find themselves at a crossroads where their choices can significantly impact their business’s trajectory. However, traditional leadership models focus heavily on quantitative growth, sidelining the qualitative aspects like fostering open communication, active listening, and constructive feedback. This limited perspective can lead to unaddressed issues, stifled innovation, and a non-inclusive work culture.
Solutions
- Encouraging Courageous Conversations: By promoting a culture of courageous conversations, leaders can unearth hidden issues, stimulate innovative ideas, and drive sustainable growth. These open dialogues foster trust and collaboration, fueling a healthier, more productive work environment.
- Enhancing Decision-Making: Courageous conversations allow leaders to gain deeper insights into challenges and potential opportunities. They encourage diverse perspectives and lead to more informed, well-rounded decisions that align with the company’s overall growth strategy.
- Driving Cultural Change: Open, honest discussions can help leaders understand their team’s needs, aspirations, and concerns. This understanding can facilitate cultural changes prioritizing employee well-being and satisfaction, increasing retention and productivity.
- Stimulating Innovation: Courageous conversations create a safe space for expressing novel ideas and challenging the status quo. This nurtures a culture of innovation, essential for maintaining a competitive edge in the multifamily industry.
Share this:
The Power of Pen in Leadership: Debunking the Myth of ‘I Don’t Need to Write This Down
Unlocking Potential and Enhancing Productivity with a Simple Tool: Pen and Paper
Photo by David Travis on Unsplash
Summary
As multifamily leaders, we often pride ourselves on our abilities to retain and manage an array of information. There’s a prevalent belief among many that our minds are infallible repositories capable of storing and recalling every detail exactly when needed. Today, we dispel the biggest lie in personal development: “I don’t need to write this down.” We’ll explore why recording your thoughts, plans, and ideas can significantly enhance your leadership skills and overall productivity, promoting tremendous success in the multifamily industry.
Problem
The pace of the multifamily industry can be intense, with a constant barrage of things, responsibilities, and decisions that need to be made. This can easily lead to information overload, causing important details to slip through the cracks. The belief that one can remember all crucial points without external aid can result in missed opportunities, flawed decision-making, and stagnation in personal and organizational growth. This underestimation of the utility of written records reflects a larger issue – the undervaluation of systematic approaches in leadership development.
Solutions
Addressing this fallacy starts with acknowledging our cognitive limitations and appreciating the value of recording information. Writing things down doesn’t signify weakness or incapacity. Instead, it’s a strategic tool that enhances memory, fosters clearer thinking, and provides a tangible record for future reference. It’s about creating a reliable external memory system to aid your internal one.
Writing down your thoughts, ideas, and plans can enhance creativity and enable more effective problem-solving. It allows for the visualization of concepts, fostering a deeper understanding and enabling connections that may not have been apparent otherwise. This translates into better strategies, innovative solutions, and improved business performance.
Moreover, maintaining written records encourages transparency and accountability in leadership. It is a detailed documentation of commitments, promoting a culture of responsibility within the organization. It can also provide valuable insights when reviewing past decisions, offering learning opportunities for continuous improvement.
Share this:
- « Go to Previous Page
- Page 1
- Interim pages omitted …
- Page 19
- Page 20
- Page 21
- Page 22
- Page 23
- Interim pages omitted …
- Page 26
- Go to Next Page »