Commercial v/s Residential Real Estate Setting up for Success
Many business owners think of their business as their “baby” which they nurture equipping it to thrive and creating a lasting impactful legacy. Our Beyond Commercial Expert Advisor Megan Vega thinks that way too. In providing commercial real estate advice, she understands the investment of time and money that goes into our client’s investments and businesses. It’s do or die for them as well as for their employees. Unfortunately, when a business fails, it’s nearly impossible to revive.
What does this have to do with our topic today – commercial real estate versus residential real estate? This analogy shows the depth and importance of commercial real estate decision-making and the level of investment agents need to continually make to be competent and relevant.
On today’s episode, Megan who first started in new home sales before transitioning to commercial shares valuable information for those considering transitioning to commercial real estate or for those curious about how someone in residential can be successful in commercial real estate.
Here’s a preview of our discussion:
- What’s something you wish you had known before you made the transition?
- What are the key differences between the practice of commercial real estate and residential real estate?
- What’s been the most fulfilling part so far in commercial real estate?
- What are the potential dangers of practicing both residential and commercial real estate?
- How starting the CCIM designation process has provided better results.
- The importance of picking the right brokerage and surrounding yourself with like-minded people to position you for success.
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After more than a decade of serving business owners and investors, Beyond Commercial’s entrepreneurial agents are invested in our client’s success. We passionately unlock hidden opportunities creating value within our clients’ businesses and portfolios. Our goal is to bridge the gap from business owner-operator to joining the investor class maximizing income along the way. The objective of the Beyond Your Space Needs series is to not only share insights from our most successful entrepreneur clients and other thought leaders but also share business and commercial real estate trends. If you want to grow, you’re tuning into the right show!
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ABOUT OUR FOUNDER
Amy Calandrino, CCIM is the Chief Executive Officer of Beyond Commercial, a Certified Women Business Enterprise (WBE) and Women-Owned Small Business (WOSB) certified commercial real estate firm. Amy leads a team of talented commercial real estate agents who serve business owners and investors across all asset classes and representation types. _______________________________________
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