BANYAN Utility’s Post

How did Brian and Kent Roers overcome growth-related challenges at Roers Companies? The co-owners of the multifamily real estate development firm -- and Star Tribune Top Workplace -- explain in today's online story, my latest for the Star Tribune business section.

Is the start of your week filled with dread rather than anticipation? Many multifamily professionals experience the Sunday scaries or a general lack of motivation as a symptom of a deeper issue - a misalignment between their current role and their career aspirations. As Steve Jobs famously said, "Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work." Feeling unfulfilled can significantly hinder your productivity, creativity, and overall well-being. But here's the good news: You don't have to leave the multifamily industry entirely! This dynamic and ever-evolving field offers a wealth of opportunities for passionate individuals. If your current role no longer ignites your fire, consider exploring a career transition within multifamily housing. Here are some tips for identifying if it's time for a change: 😩 Regularly dreading Mondays: This could be a sign that your work environment doesn't inspire or challenge you. 😭 Feeling a lack of support: Do you lack the resources, mentorship, or recognition you need to succeed? 😒Yearning for new challenges: Does your current role offer limited opportunities for growth and skill development? If you answered yes to any of these questions, a conversation with a career coach or recruiter specializing in the multifamily industry can be a valuable first step.

As we reflect on the journey of downsizing, the story of the Williams family provides us with valuable insights that resonate across the real estate landscape. 🏡 Decision-making during significant life transitions is critical. The Williams' experience teaches us that understanding what you truly need, rather than what you once had, can lead to more fulfilling choices. Moving from a spacious home to a cozy townhome isn’t just about size—it’s about aligning one's living situation with their current stage in life. This highlights the importance of adapting to market trends where buyers are increasingly prioritizing community and lifestyle over mere square footage. The role of community engagement cannot be overstated. The Williams family learned the significance of building relationships early in their transition. In a world that feels increasingly isolating, establishing connections is crucial not just for a smoother move but also for a richer life experience in a new locality. Planning and timeline management emerged as pivotal lessons. Their experience underscores the need for realistic timelines in both buying and selling processes. As real estate professionals, we must advocate for comprehensive planning to mitigate the stress associated with unexpected delays. In any investment, financial strategies play a vital role. The Williams were wise to budget for hidden costs and understand their financial landscape before making the move. By preparing against common moving mistakes and hiring professionals for a smoother transition, they not only saved themselves from physical stress but also preserved their peace of mind, illustrating the importance of thinking strategically about expenses. Networking remains a critical element in real estate investment. The Williams' transition reflects the broader trend of the growing importance of local connections in real estate. As more families seek to establish themselves in new communities, fostering relationships becomes essential to fully understand the market dynamics. As we observe these trends, it’s clear that larger changes in the real estate market often reflect individual experiences like those of the Williams family. Their story serves as a reminder that downsizing is not merely a practical move; it's a strategic evolution aligned with personal and market realities. If you’ve faced similar transitions or are navigating your real estate journey, I invite you to share your experiences and insights. Let’s discuss how we can support each other in making informed real estate decisions in today’s changing landscape. #RealEstateInvesting #Downsizing #CommunityEngagement #FinancialPlanning #MovingTips #RealEstateMarket #Networking

“I’m just going to work really hard” is one of the most common sentiments I hear when people enter the business... It’s a dangerously vague outlook to lean on, and part of the reason people come and go so quickly. To gain traction in CRE, you need to ask yourself: -What business line do I gravitate towards? -What asset class is the most interesting to me?  -Can I grow with this team? Or will I be pigeonholed?  -Will senior members actually give me the time of day?  -And will I have democratized access to the same resources they do? All necessary questions for growth. 🚀 Establishing a foundation in commercial real estate requires more than just a commitment to work hard. Read a post from Jordan Farrer, MRED the other day, where he found that only 33 PERCENT of commercial real estate brokers have 10 years of experience. Many real estate professionals fail to ask themselves the tough questions in the beginning, and it comes back around sooner rather than later. #cre #selfstorage #motivationmonday

I'm not going to lie, i feel like I've been very lucky in my real estate career. But luck alone doesn’t build California’s #1 mega team or sell homes by the thousands. That takes passion, grit, and a willingness to evolve. And today, I’m evolving in a BIG way I’m pumped to announce I’m joining LPT Realty. Why LPT? Because they’re rewriting the rules of real estate. From the incredible leadership to the innovation to the flexibility…It’s more than a model—it’s a movement, and I couldn’t resist being part of it. The industry is changing at warp speed, and I refuse to stay stuck in the past. This move isn’t just about me—it’s about creating opportunities for clients, agents, and partners to thrive in the new era of real estate. The future is here, and I’m ready to lead the way. Check the video to hear more about why I made this massive move. Let’s keep building. Let’s keep winning. Let’s make this next chapter unforgettable

💭 𝗘𝘃𝗲𝗿𝘆𝘁𝗵𝗶𝗻𝗴 𝘀𝘁𝗮𝗿𝘁𝘀 𝘄𝗶𝘁𝗵 𝗮 𝗴𝗼𝗮𝗹, 𝗯𝘂𝘁 𝗮𝗰𝘁𝗶𝗼𝗻 𝗶𝘀 𝘄𝗵𝗮𝘁 𝗯𝗿𝗶𝗻𝗴𝘀 𝗶𝘁 𝘁𝗼 𝗹𝗶𝗳𝗲. Setting goals is just the first step. The real progress comes from taking massive action to make those goals a reality. Whether it’s investing in multifamily properties or hotels, it’s about pushing through the tough moments, making the tough decisions, and staying focused on the bigger picture. Is it challenging? Absolutely. Is it worth it? 100%. Every deal I’ve closed and every obstacle I’ve faced has brought me one step closer to the life I’m building. When the grind gets tough, remember—success is on the other side of the effort you’re putting in. 🔥 𝗪𝗵𝗮𝘁’s 𝘆𝗼𝘂𝗿 𝗻𝗲𝘅𝘁 𝗯𝗶𝗴 𝗴𝗼𝗮𝗹? 𝗛𝗼𝘄 𝗮𝗿𝗲 𝘆𝗼𝘂 𝘁𝗮𝗸𝗶𝗻𝗴 𝗮𝗰𝘁𝗶𝗼𝗻 𝘁𝗼 𝗺𝗮𝗸𝗲 𝗶𝘁 𝗵𝗮𝗽𝗽𝗲𝗻? 𝗟𝗲𝘁’s 𝘁𝗮𝗹𝗸 𝗮𝗯𝗼𝘂𝘁 𝗶𝘁 𝗯𝗲𝗹𝗼𝘄! #GoalSetting #MassiveAction #MultifamilyInvesting #HotelInvesting #RealEstateGrowth #StayFocused #LongTermVision

Two Years into My Multifamily Real Estate Journey For the past two years, I’ve been diving deep into multifamily real estate. Until now, I’ve mostly shared this journey with close friends and family, but I’ve realized it’s time to open up and document this experience for everyone. My hope is to share what I’ve learned, continue growing, and connect with others on similar paths. This journey has been nothing short of eye-opening. I’ve grown professionally, confronted fears, and stepped out of my comfort zone in ways I never expected. It’s been enlightening and has pushed me to work toward becoming the person my future self can be proud of. So far, I have learned so much and there is so much more to learn! One thing that stands out the most to me is that compound growth is real. The work we put in today may not show immediate results, but the fact that we are taking action is a win and over time, it builds into something far greater. It’s easy to feel discouraged when the rewards aren’t immediate, but growth is happening beneath the surface. You will have doubts and you will have fear of failure but even if we don’t always reach our goals, the process itself shapes us. To me, success isn’t just about the end result—it’s about challenging ourselves, finding out just how far we can go, being grateful along the way, and helping others. Give yourself the chance to find out what’s possible for you. After all, you miss 100% of the shots you don’t take.

I've got a problem...  A big one 👀 So I stepped into a new role as Chief Growth Office last year And in true HHH I've developed some Big, Audacious, Impact Goals 🤣 So big we're likely to need 20 homes over the next ten years. Creating safe homes means we need properties and cash.  Sophie Walters and I are now into the twelve months count down to our next home which will be our final home for ensuring we have a solid evidence plan to push things forward.  So we are on a learning mission over the next few weeks. We don't want to assume we have the right thought process for the model.  If you've any suggestions then please feel free to put your answers on a postcard..... Or in the comments section 🤣 #supportedaccommodation #growth #eos #impact #property

In #commercialrealestate, success is often about seeing #opportunities where others see limitations. This Forbes article about Morgan's story is a powerful reminder that sometimes, the best opportunities lie in places others overlook. #MondayMotivation #CRE #SuccessStory #RealEstate #Forbes400 #Opportunity #GrowthMindset https://lnkd.in/gEZ7cuSU

They say “talent rises to the top.” In multifamily, it actually does. There’s a lot to love about this industry, but after years of working with multifamily professionals, these three aspects continue to stand out: 一> A strong sense of purpose and mission. Whether it’s “providing sanctuary,” as Tom Bozzuto often says, or simply “doing it better” (and more efficiently) than non-professionally managed units, the impact is clear. Multifamily professionals make a difference in one of the most essential aspects of people’s lives: the place they call home. Shelter sits at the very base of Maslow’s hierarchy of needs. 一>  A unique sense of community. Multifamily is collaborative in a way you don’t often see in other sectors. There’s a strong sense of mutual support and collaboration, even across competitors. Local and national associations put real effort into continuing education and workshops. Spend a few years here, and you’ll know a good portion of the people and companies. 一> True meritocracy. In multifamily, grit matters. Countless people have risen from leasing agents to VPs, COOs and even CEOs. That kind of upward mobility? Rare. While corporate America brings in MBAs and consultants to lead from PowerPoint decks, our leaders earn their stripes on-site, managing the tough, unglamorous work. Yes, we have some post-consulting talent, but I’m always amazed by those who climbed their way up. If multifamily has given you a similar sense of purpose, community and opportunity, I’d love to hear your story. #multifamily #entrepreneurship #community