Advise and Consent: Business Advisors in the Real Estate Industry


Real Estate News

Advise and Consent: Business Advisors in the Real Estate Industry


Written By: Lewis Fein
Monday, June 24, 2019

Which is to say the real estate industry is in the midst of ldquo;tech-tonicrdquo; change: a shift above ground as great as any movement below; as serious, economically, as the costliest collision of tectonic plates, because the quake that will strikemdash;the Big Onemdash;will be more fiscally disruptive than physically destructive.

Its epicenter is within the ethereal realm of technology: everywhere yet elusive just the same, because there is no one location for the algorithms that govern electronic commerce, including real estate advertising, sales, and the rankings of individual agents or brokers.

Without the help of a business advisor, who can interpret data, there is only one interpretation about the near future of the real estate industry: passivity. That is, technological change is so conclusive, its casualties so clear, one cannot help but conclude that inaction is inexcusable.

According to Nick Chini, Managing Partner of Bainbridge, technology is at the forefront of the rise of smart cities, innovations in urban planning, and the development of various commercial real estate projects.

In turn, the role of a business advisor is to avoid generalities. To abjure restating the obvious, albeit in the vernacular of white papers and PowerPoint presentations, and offer real, measurable value.

By value, I mean a straightforward answer. An answer based on the wisdom of a particular advisor. An answer based on that advisorrsquo;s analysis of intelligence, with the aid of artificial intelligence AI, so he may extrapolate from what technology shows but does not tell: a course of action about where to invest, or when not to invest, thanks to that advisorrsquo;s ability to read what few can ba>

Make room for that business advisor.

Include a team of similar advisors, since the real estate industry will need these people.

The real estate industry needs people with the independence to speak truth to power. To go beyond the power to compute. To have the power to do what no computer can do on its own: persuade.

A business advisor must persuade an executive to act, not for the sake of doing something in lieu of nothing, but for reasons of prudence.

The evidence is in the rationale behind a recommendation, complemented by an advisorrsquo;s appeal to facts instead of feelings. The evidence makes it easier for an advisor to be persuasive, provided his argument is direct, his directive unambiguous, his position unequivocal.

A business advisor of that sort deserves a spotmdash;an important onemdash;in the real estate industry of today, and tomorrow, because now is the time to prepare for the changes described above.



Copyright© 2019 Realty Times®. All Rights Reserved

 

Miami Dade Seller Services, Selling Your Home | The Reznik Group
Miami Property Search
Search in Spanish
Search in French
Search in German
Search in Italian
Search in Portuguese
Search in Russian
Search in Chinese
Facebook Twitter Linkedin Active Rain Instagram
Search by Map Miami Dade Seller Services Visit Our Mobile Website Sunny Isles Beach Penthouses

Bookmark this Site Client Login | The Reznik Group
Updated: Monday, July 22, 2019

11 Improvements To Your Garage...
A Functional Garage DoorHeavy garage doors that must be opened manually are not ver...

How to Handle Loan Conditions...
All loans will have loan conditions. But for those not familiar with the approval process, w...

Marketing to Millennials: Advi...
Many millennials are at the age where they want to buy their first homes. When mar...

How to Make your Home Smarter ...
A smart home is a place where appliances, lights, gadgets, security, - and pretty ...

5 Very Important Checklist Ite...
First Step: PaintFirst, make sure that the paint is up to date....

Copyright ©2019 - Realty Times®
All Rights Reserved.

View All News
Ritz-Carlton Residences Condominium Construction Update September 2018
The Reznik Group is proud to feature the currently under construction Ritz-Carlton Residences...

Turnberry Ocean Club Construction Update - September 2018
The Reznik Group Miami Luxury Realtors is proud to feature the currently under construction...

View All Blog News