Anyone in the commercial real estate industry - How can I prepare for a career in the industry?
I have been networking for internships/potential careers and such and currently have a promising lead at a top company for a internship that would lead to a job. Is there specific things I can do to prepare myself for the industry? Just various things to learn and understand so I can better show my capabilities and impress. Currently working on my FMVA certification and plan to get real estate license once I finish that. (Currently in college majoring in finance if that matters)
[{"id": "hi6z3sg", "text": "At your level, best you can do is network for internship experience which sounds like you are already doing. Don\u2019t be afraid to reach out and introduce yourself to people directly.", "replies": [{"id": "hi71a9l", "text": "Yeah networking seems to be the key to everything. Wish I learned more about it and how to do it when I was in high school.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hi6zj0e", "text": "Join ULI and NAIOP and become a contributing member and network through the local member base.", "replies": [{"id": "hi71otx", "text": "I will definitely check those out I haven\u2019t heard of either of them before.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hi710pq", "text": "Read through leases and understand the terms on them. Usually you break into Commercial through leasing. Understand what a buildout consists of. Understand the math. Understand the market your entering and where the voids are. If you join a team it\u2019s best to do it in the portion of the business you enjoy the most. Learn the zoning, FLU and setbacks for the counties you want to operate in. Brush up on some programs that you might use for offering packages. Become aware of how to use a CRM.", "replies": [{"id": "hi71mjc", "text": "Thank you for the specifics if you think of anything else that would be important to learn please let me know. Thanks a ton", "replies": [], "depth": 2}], "depth": 1}, {"id": "hi73m3l", "text": "Get familiar with your trade area. Drive around and get to know the major corridors.", "replies": [], "depth": 1}, {"id": "hi7hncn", "text": "On getting prepared you could learn real estate modeling. I recommend adventures in CRE free \"watch me build\"s which you can find on youtube or breaking into CRE. If you learn that it should be much easier to get into an analyst position. Analysts are not the same as leasing agents but analysts do earn a salary unlike the leasing guys which can be huge out of school. The analyst track is also a bit different where you really grow into more of an owner/lender/capital provider eventually vs a broker.", "replies": [], "depth": 1}, {"id": "hi9iyq0", "text": "What asset class and what aspect of commercial real estate?\n\nAre you going into capital markets, development, asset management, property management, brokerage, lending, construction, appraisal.\n\nBest way to get in front of people at this stage is to call a senior and ask for a coffee meeting. If they do not respond, call again, and if they still do not respond call one more time.", "replies": [], "depth": 1}]