STRATEGY
TEAMS
Growing a Strong Leadership Team
WHAT WE CAN LEARN FROM OUR SUCCESSFUL AND OUR FAILED PARTNERSHIPS
by Jeremy Kloter
aving a successful venture in the real estate field is rare -
H
ly done alone. With such a vari- ety of strategies, asset types, and investment styles, only a fool would assume they could win long term, without a team. “Coming together is a beginning, staying together is progress and working together is success.” —Henry Ford As I take a moment to reflect on where I’ve been and how we’ve built a strong leadership team, culture, and environment for those on the journey with us, five crucial points come to mind: GOALS My first real business was the real estate brokerage I opened with two partners as I had just left the Marine Corps and was re-enter- ing the civilian world. I had to rebuild a name, reputation and known work ethic after I had been away, mostly overseas, for nearly six years. A big piece of that was transition from the military comrade into an entrepre- neurship role, which can often be lonely at the beginning and a bit risky for someone that was in my position. Within one of my first meetings with my two soon-to-be business partners, it was clear we had a strong vision and nearly identical goals of what we were trying to build. We envisioned a real estate company that had a rental division, fix-and-flip division, mortgage company, hard
money lending component, broker- age for agents, and a property man- agement company. Five years later, we are doing all of this and by the first quarter of 2022 we will have the
last 10 percent completed with all the companies operating efficient - ly and making money. We weren’t entirely sure how it would all play out, but we started with one, and as
36 | think realty magazine :: january – february 2022
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