We were lucky to catch up with Shadae Stoner recently and have shared our conversation below.

Shadae, appreciate you joining us today. Let’s start with what makes profitability in your industry a challenge – what would you say is the biggest challenge?

One of the biggest challenges to profitability in the real estate industry today is rising costs. Construction expenses, including materials and labor, have surged, making projects more expensive than initially planned. Developers also face regulatory and zoning restrictions that can delay projects and increase costs. Additionally, rising interest rates have made borrowing more expensive, reducing demand and affecting pricing.

A notable example of these challenges is the Hudson Yards project by The Related Companies. Despite its scale and potential, the project encountered significant hurdles. Construction costs soared due to rising prices for materials and labor. Regulatory delays and complex zoning requirements added to the expense and extended the timeline. When Hudson Yards opened, the economic volatility and impact of the COVID-19 pandemic affected demand for its commercial spaces, squeezing profitability.

Even large, high-profile developments can struggle with profitability due to rising costs, regulatory challenges, and market shifts. Managing these factors is crucial for maintaining profitability in today’s real estate landscape.

As always, we appreciate you sharing your insights and we’ve got a few more questions for you, but before we get to all of that can you take a minute to introduce yourself and give our readers some of your back background and context?

I’m a realtor with a background in property management. I transitioned into real estate after gaining extensive experience managing properties, which gave me a solid understanding of the market and client needs. As a realtor, I help clients buy, sell, and invest in properties, focusing on providing personalized, strategic advice to achieve their goals.

What sets me apart is my deep knowledge of property management, which allows me to offer unique insights into property value and investment potential. I’m particularly proud of my ability to turn complex transactions into smooth processes for my clients. I want potential clients to know that my combination of experience and commitment ensures a thorough, client-centered approach in every real estate transaction.

What’s worked well for you in terms of a source for new clients?

The best source of new clients for me has been referrals through previous clients, family, and friends. My background in property management has helped me build a solid network, and the trust and satisfaction of those I’ve worked with lead to valuable recommendations. This personal endorsement is a powerful way to attract new, trustworthy clients.

Do you have any insights you can share related to maintaining high team morale?

As a realtor, I would say to manage a team and maintain high morale involves prioritizing open communication and building a supportive culture. Regularly check in with team members to understand their needs and provide constructive feedback. Recognize and celebrate their successes to keep motivation high. Additionally, offering opportunities for professional development and fostering a collaborative environment can significantly boost morale and performance.

Contact Info:

• Website: https://Shadaestoner.exprealty.com
• Instagram: therealshadae_soldit
• Youtube: https://YouTube.com/jillofalltrades101