Skip to main content

Real Estate Star Adam Hochfelder with a Mission Statement



After several hot years, the real estate market is starting to move at a slower speed, but as a sign of encouragement real estate executive, Adam Hochfelder has a message for the real estate agents. “A new opportunity can be brought out of every change; all you have to do is look for it”. This star of New York real estate business has stuck to this advice his entire life. Now that he is serving as the Managing Director of Real Estate Acquisitions & Development at Merchants Hospitality, Hochfelder found a new way to train and educate agents and broker on how to build better relationships with their potential customers, and run their businesses more professionally in general.

Held online, without any financial reimbursement, his classes are small, with up to 20 agents, and in order to customize his advice and activities according to the agent’s level of experience. That’s why he usually forms smaller groups with similarly experienced agents. As part of his goal to help them increase their profits in the six month period after the course completeness and have a successful start-up, Adam Hochfelder regularly checks on their progress in reaching their goal. And as he laughs about it, “most of the time they aren’t too excited about my calls”.

But the reason why he insists on such proactive approach is because he believes that learning how to hold yourself accountable is one of the things that helped him build his success, both as a real estate executive with a portfolio valued at as much as $2.7 billion in its peak, and as a the Managing Director of Real Estate Acquisitions & Development at Merchants Hospitality where he has completed multiple transactions resulting in hundreds of millions in acquisition and assemblage.

If you invest time, efforts and discipline to keep contact with current and prospective customers, always be ready to reply fast, efficiently and in accordance to their needs and demands, you can turn profits regardless of the economy or the stage of development of your business venture. These are all lessons that Hochfelder learned firsthand, and although it took some time to master them, still they helped him become the business professional that he is today.

Comments

Popular posts from this blog

Things to Know About Investing in Hotel Properties

The hospitality industry is one of the most solvent and fluctuating industries. On a daily basis, this industry deals with transient customers. According to the real estate investor and developer, Adam Hochfelder , this type of the business climate in the hotel industry provides numerous lucrative reasons for investing in hotel properties. Here, Hochfelder gives the key variables you need to take into account when planning your investment. Overview of Asset Classes According to the type of services they provide, there are four main types of hotels: full-service limited-service budget hotels extended stay The "full-service" offers everything a guest might want, including restaurants and bars, conference halls, fully equipped spas, and leisure and sports centers. The "limited-service" is a step-down and offers almost as much as a "full-service". This is typically a restaurant, a fitness center, conference rooms, and a swimming pool. This...

How to Start a Real Estate Investment Business

Investing in real estate can bring life-changing results. Being able to provide for your family and set yourself up for an easier future is a possibility when you’re investing in real estate, but it doesn’t come without some hard truths. For new investors, getting into the business of buying, selling, and renting homes may seem pretty ambitious. But like any other area of personal finance experts, real estate investing eventually comes down to some simple basics. Making a Plan With the right strategies, patience, and a willingness to learn, it’s a discipline that can help you make strides on the path to financial independence.

Adam Hochfelder: How to Protect Your Real Estate from Additional Costs

For most people, including Adam Hochfelder, having your own home is a very important segment of life, which is evident by the fact that even 92 percent of NYC's real estate properties are privately owned. However, what many people often overlook is the insurance of their living space, which is equally important. Here the figure drops to only about 20 percent. The sources of financial loss to real estate company owners and managers are as varied as they are significant. You might have heard the expression, small claims do great accounts. Well, one of the reasons for this lies in the fact that we think that fires, floods, lightning strikes, and other disasters can never happen to us and that this is an unnecessary expense. In reality, many small accidents can damage or destroy our living space, whether it's a flat, a house, apartment or cottage, together with the things that are in them. According to Mr. Hochfelder when these small costs are added together, you can har...