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Young Buck – Time Flies

Michael Altshuler once said, “The bad news is times flies. The good news is you are the pilot.” Yesterday marked the end of my fifth year in the commercial real estate sales world and looking back I don’t know where all of that time went. 1,825 days gone in seemingly a flash.

While I sit here writing, thinking about that “flash” I can’t help but reminisce about my life during that time.

Ah – Memories!

Personally, I accomplished a lot: purchased and renovated my first house, proposed to, and married my wife, Carly, we added a dog and then subsequently a crazy cat who thinks he is a dog to our family, sold my first house, bought and renovated my second home, and now in mere weeks Carly and I are expecting our first child – a little girl.

Professionally, I was runner-up in FGCAR’s Rookie of the Year category in my first year, I volunteered for and now run the largest pitch session in FGCAR, that led to me being nominated for and elected to the Board of FGCAR, a recipient of the Connect Media Next Gen Leadership award, brought on and trained a great agent in Erica Lovingood, I was the youngest candidate chosen to participate in the 2019 “Golden Class” of Leadership St. Pete, studied for and passed the state Broker’s License test, and this year I am the President-Elect for FGCAR, which will make me the youngest President of FGCAR in its’ 28 year history in 2022.

Goals – The Pilot’s Beacons

Thinking back to 2016, sure I had all those things as goals in my head, but to accomplish them all seemed daunting to say the least. I find goals extremely important. For me not only do they provide a road map, but they provide benchmarks and a means to test your progress. I make it a point to not only set annual goals, but to forecast out the three-, five-, and ten-year benchmarks. This helps to keep me focused on my life and to be “the pilot”.

That is all great in theory, but life has a way of throwing, or sometimes launching, wrenches into your plans. In life and in the Commercial Real Estate business, you must learn how to pivot and not let things bother you. My broker, Scott Clendening, will always remind you, “Don’t get too high on a deal and not to get to low on one either”. Deals die and revive all the time. Much like in life, opportunities present themselves and then go away and vice versa.

All About That Mindset

Admittedly, I sometimes allow myself to become engrossed in things that I should not let bother or annoy me. That is where the mantra of you can only control you helps pull me out of it. Learning to process and accept the fact that I only had a finite amount of control over my deals and the people involved in them took some time and heartbreak. It is difficult to accept the fact that you can spend so much time working on behalf of someone only to have them not reciprocate the same level of courtesy. Losing deals will teach you that and boy do you learn too. Everyone in my industry will laugh, or maybe cry, as they think back on the times this has happened to them personally.

Alas, the past five years have not been all doom and gloom, sure I have a head of sprouting gray hairs. I like to think they make me “distinguished” and “regal”. My only hope is that if I do gray early, I fall into the silver fox category and not just old-looking.

Silver Fox

My time in commercial real estate has been amazing, I have learned a ton, experienced about every emotion possible, helped to close about 150 deals, married the love of my life, and now starting my own family.

I look forward to the next 5 years of real estate and to many more after that.

Sincerely,

Young Buck

Young Professional in Commercial Real Estate
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The Young Buck – Bridging the Gap

Written by and about Austin Karrick

The last few months have been quite the whirlwind for me. I married the love of my life, we put a new house under contract to purchase, put my current house together and got it under contract to sell, and most recently served as best-man for my lifelong friend and his lovely wife at their wedding. The feeling of having less and less time for actual work was hard to shake, but as our broker, Scott Clendening, loves to say, “Real Estate never sleeps”.

In my last post I talked about the trials and tribulations associated with the “eat what you kill” pay structure and how it took some getting used to. This industry is always full of new obstacles and surprises and some consistent barriers, which is why I think success in it is so hard to come by.

Your ability to succeed depends solely on how you attack and overcome these.

The Gap

Another saying that is tossed around in our office a lot is this: 99% of the deals are done by the top 1% of agents. When you step back and take a look at the done deals and who is doing them, that statement is not that hard to believe. So, as a “young buck” how do I join that 1% elite?

I must bridge the gap.

Bridging the gap

As I stated, success in this industry doesn’t come easy, there are many years of triumph and failure that work to mold you into a top producer. The first time I walked into a pitch session I think I brought the average age down about twenty years. I say this not in jest, but to help paint the picture of who controls the 99%. It isn’t the young hot shots, but the seasoned veterans with the long-term established relationships and black book of done deals to wave in front of prospects’ faces.

If I want to be one of them, I must connect with them. Which, ladies and gentlemen, creates a generational age gap for me that needs to be overcome. The fastest way to become an “elite” is to make yourself look like one of them. So, I dusted off my penny loafers, grabbed a pocket watch, and bought a paper day planner… I kid, they are not THAT old.

Dale Carnegie Saves the Day

Looking back, the single, most pivotal thing that I did early on in my career thus far was taking the Dale Carnegie How to Win Friends and Influence People course. As a quiet and shy person that enjoys their quiet time, the environment of sales was and continues to be a slight stressor for me. I am out of my normal comfort-zone networking and meeting random new people, but this course gave me confidence and the tools needed to overcome that uneasiness.

Prior to the course, networking gave me the cold sweats – not the wake up in the middle of the night screaming type, but just a general discomfort. After completing the course and now having a better understanding of people and how we interact, “what beautiful weather we are having” is no more. Those lame, surface type conversations are out and now it is actual deep connecting conversations that I am having with colleagues and prospects alike.

My Takeaway

This is the single-most paramount thing I see in overcoming any significant gap in age or life experience. Deep down there is a mutual connection between you and the person you are engaging with. Finding it can be tough. There is a plethora of books you can read and presentations you can listen to, but for me it comes down to this: Be present and attentive with the person you are speaking with. Listen to what they are saying, ask genuine questions about themselves and they will most likely walk away from the conversation with a much more positive view on you.  

So, when I say “look like them” it is not figuratively, but metaphorically.

*I say as I reluctantly pack up the loafers and snazzy pocket watch*

Find a connection with the person you are speaking with, get them talking about themselves and something they enjoy or find pride in and you will have a new friend when you walk away from that conversation.

As I said in my first post, I am an old soul, so finding topics of discussion does come a bit easier, which I don’t know if that is genetic or environmental, but we will not go down that psychology rabbit hole, either way I am thankful my gap is not as wide as it could be.

Outwardly I am “Young Buck”, despite the effort with the loafers, watch, and paper day planner, but internally I am that hard-working person looking to be in that 1% elite. Networking and socializing no longer evokes cold sweats, but a sense of pride of accomplishment and honestly some new friendships. Despite my age and experience, it is readily apparent, there will always be a need to bridge the gap.

This is me. I am Young Buck.

Young Professional in Commercial Real Estate
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The Young Buck – Eat What you Kill

Eat What you Kill

When I first with started at Commercial Partners almost four years ago, I knew I would be “drinking from the fire hose”, but one of the biggest things I would need to learn is how to cope with my new pay structure.

All my life up to that point I had worked in hourly wage positions. I had done some sales at my position of counter clerk at Max’s Bagels when I was 14, but I knew no matter what I would still be taking home some money at the end of the day. I may have not been given a large tip by the lady that came in every Saturday morning, when I neglected to change gloves or use a new paper to grab every bagel that she ordered like she asked, and yes, they all went into the same bag at the end (people are weird), but I at least knew I had that $8.00 per hour coming my way.

One of my favorite things to do on Friday morning after I woke up, was to log in to my Wells Fargo app and see that my direct deposit had cleared. A little money in the bank meant gas in the tank and I always loved seeing it.

Wages no More

However, that was no more. I retired my gathering lifestyle of set hours and wages and walked into the wild Serengeti of eat what you kill.

It is kill or be killed. If you are imagining me with some camo face paint with a Rambo head band crouching in some bushes staring at an available warehouse ready to pounce, you nailed it. The notion of you don’t get paid unless something closes is a great motivator, but it can also lead to a lot of frustration.

Our job is to be a market expert and provide solutions to people’s real estate problems, but sometimes people create more problems. As you get more experienced you proactively resolve these, but there were some hard lessons of losing out on a check I thought was “guaranteed” only to have it all slip away due to something completely out of my control. There are ways to tilt the odds in your favor, just as a hunter may place a feeder beneath a stand, we are always working to fill the funnel and keep the deals coming.

The goal is to always have deals closing, but sometimes that funnel can dry up or get jammed right at the spout. That can result in a dry spell of deals being closed, which means no money. If you don’t properly account for these times and ration out the finances, you can quickly get in trouble. That is one of the biggest hurdles and roadblocks for a lot of new to the business brokers. It definitely takes some getting used to, but if you keep your nose to the grindstone, that funnel eventually flows out.

The Sweet Song of Success

That is when the chants of, “Julies here, Julie’s here!” echoes throughout the QA Team/CPR office as the check fairy delivers the bucks (poor pun, but it was inevitable). My Friday ritual has changed as there are not weekly deposits being made, but already in my time here, I have cashed more than a few checks in dollar amounts I could not fathom as a 14 year old bagel slinger, and I wouldn’t have it any other way.

Through steady streams, dry spells, and hot streaks, this is me, an eat what you kill veteran. This is Young Buck

Austin as Rambo with Camo face eat what you kill depiction
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The Young Buck – Intro

Written by and about Austin Karrick

Those that know me, know that I am an old soul.

I would rather listen to Led Zeppelin than Drake or Post Malone. Yes, I did have to google “Billboard top 100” to make sure those two were still relevant. A fun night for me is hanging out at home watching DIY shows or a good Netflix series. Now I have done my share of partying, but as the saying goes, “those days are behind me now”. I’m not quite to the point of sitting on my front porch and harassing the whippersnappers about staying off my lawn, but who is to say that day is not around the corner.

But I digress.

Yes, I am an old soul, but when I walk into our office every day, I am the Young Buck.

Prior to bringing on Erica as part of the team and into Commercial Partners, I was the youngest person by 15 years. Being that I enjoy the things of a person older than myself, I did not find it too difficult to connect with my coworkers, but I do still run into the frustration of being the “tech guy”. I have lost count of how many Word or Excel documents I have been called into someone’s office to fix (I’m looking at you Scott and Dan).

When I first started, being the young buck had its advantages. I was able to mess up and it be overlooked, everyone was quick to offer help whenever I had a question or couldn’t figure something out on my own, and I had an ever-growing group of people supporting and cheering me on. Now that I have some years under my belt, and some grey hairs to prove it, I am left with a much shorter leash, but there is still some slack.

The position of young buck is not all glitz and glamour, there are some downfalls. Solving others’ tech issues aside, there was/is a significant age gap and cultural differences with many of my clients and potential prospects that I have to bridge, a constant struggle of how much of voicing my opinion is too much, and the introduction of an eat what you kill type of earning system. I had entered into a whole new world, and it was sink or swim.

While the advantages obviously helped in my current position, it was the process of attacking these issues, failing at it, and trying again that I think really built me into the person I am at this moment. One of my favorite people in history, Abraham Lincoln, is quoted as saying, “I don’t think much of a man who is not wiser than he was yesterday.” I really like this quote as it embodies my personal mantra every day. I approach each day, learning from the last, and applying those lessons to be better, not just in business, but in life.

This is me. I am Young Buck.