Frequently asked questions
The career of a real estate developer is a discipline that consists of managing and controlling the different stages and activities related to real estate. Therefore, a professional in this area can buy land, cover part of the financing, coordinate the renovations of the property and take care of the sales process. People who are dedicated to this area constantly take business risks since they bet on projects from their initial stage.
The financial compensation received by a real estate developer can vary widely depending on elements such as location, experience, and type of project being worked on. In conjunction with this, it should be mentioned that there are real estate markets with much higher values than others.
The field of action of a real estate developer is very broad because they can focus on the start-to-finish process of a property or focus their work on a specific part of the project. For example, it is possible only to manage the construction of the property or only to search and invest.
Do you have the best investment management team in Real Estate? Without a doubt, human capital is important for the correct execution of any business project or investment. In the case of Real Estate, we are not isolated; it really is an industry that requires a lot of knowledge of the market, product, management and relationships. They are capital-intensive and long-term investments, so team selection is key – you must have a competitive advantage that makes you stand out. Typically, a competitive advantage is something quantifiable. For example, if the competitive advantage is in identifying value-added opportunities, then how many projects have you analyzed before deciding and showing the one we are evaluating? These investment opportunities may be compared with other similar ones,
Talent retention is key to the long-term success of the management team – no one wants constant changes in the operation and management of any business. It is essential to ensure that the team is aligned through performance. Conflicts of interest, even if there is capital invested by all parties involved, prevail in this industry, and it is important to minimize them. One way to avoid conflicts of interest and maintain alignment is to favour performance-based rather than transaction-based incentives. It is also important to ensure that the management team has a physical position or is close to the location – project monitoring requires a certain presence, and in Real Estate, being there is key.