INVESTMENT STRATEGY: HOW TO ADD VALUE
Six Ways to Add Value to the Community as a Real Estate Professional
REAL ESTATE PROFESSIONALS NOT ONLY PROVIDE SAFE AND ATTRACTIVE HOMES AND OFFICES BUT ALSO IMPROVE PROPERTY VALUES AND CONTRIBUTE TO THE COMMUNITY BY PAYING TAXES. JEFF ROTH
W e often read headlines about greedy landlords, evictions, and record lack of affordable housing. In spite of those headlines, real estate experts make significant contributions to the community, often in ways that fly under the radar. Although the fundamental contributions include offering housing and office spaces, boosting property values, and fulfilling real estate tax obligations, there are several additional ways in which they positively impact the community.
NETWORKING WITH LOCAL PROFESSIONALS AND COMMUNITY LEADERS Real estate professionals generate a lot of economic activity in the community. The real estate industry provides the housing that community leaders ask for as well as jobs for contractors and various real estate service providers. Real estate-related endeavors facilitate home improvement and furnishing purchases. And commercial real estate companies provide space for various businesses. Real estate professionals help all these players navigate working with various
created and shared is not only good for the community, but also for the bottom line.
Let's explore these six:
1. Networking with other local professionals and community leaders
2. Mentoring new real estate professionals
3. Creating and sharing valuable content
4. Giving back to local
community organizations
5. Joining and supporting local landlord/ property owner associations
6. Communicating with local leaders about real estate related issues and voting
Being a person or company that is in the business of maximizing the value
40 | think realty magazine :: january – february 2024
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