Michael Stortini is one of the best real estate developers in Delaware and beyond. His projects have given space to businesses and residents, improving the area's infrastructure and giving many people chances. There's more to these real estate projects than a job and a way to make money. Real estate investments are a great way to help people and organizations get cash and to lift many boats at once.
Of course, it is easier to say than to do what it takes to become a top real estate developer. But Mr Stortini has always been interested in being an entrepreneur, which has helped him keep his job and reach his goals. He also thinks that learning should be something you do for the rest of your life. He has stayed at the top of his game by constantly improving his skills through formal training and self-study.
He was also interested in building and developing real estate from an early age. Being a busy person, he liked the energy that construction and real estate development gave him. If you want to be successful in this field, you must be able to think on your feet and solve problems well.
At the same time, there are a lot of intellectual challenges in real estate development as well. If a real estate developer wants to be as successful as possible, they need to know how to do well in board rooms and presentations. To get investors, renters, and buyers interested in your property, you often need a bit of flair, good presentation skills, and an eye for design. Also, as many real estate developers will tell you, a big part of being successful in the business is making deals that work out well for everyone.
Michael Stortini says that empathy is essential. "If you want to be good at making deals, you need to pay close attention to the other people involved and think about their goals, desires, and abilities. So, you can make pitches and come up with solutions that will make them happy."
Empathy is about more than just making a deal. Usually, there are other people involved, and their needs should also be taken into account. Communities sometimes speak out against real estate projects. People worry about noise, traffic, dust, and other nasty things. A caring approach could reduce pushback and negative externalities or at least make them less bad.
If you use real estate in the right way, it can help lift and improve communities. Before breaking ground, thinking about the many people involved is essential. With a well-thought-out plan, it's often possible to minimize disruptions and make the most of the good things that happen for the community.
"Real estate developers are asking for trouble if they don't pay attention to the needs of local people and the community as a whole," says Mr Stortini. "All hands must be on deck if you want to get the most out of a project."
Even with that, business is just one part of living a good life. Working to make the world a better place is just as important as building a business that does well. With this in mind, Michael Stortini has helped with many good causes over the years. He has given well over a million dollars to different charities.
A lot of these donations have gone to help high school sports teams. Mr Stortini pays a lot of attention to sports because, in some ways, it shows what he's good at and what he's interested in when it comes to real estate. If you want to be good at sports, you have to push yourself. Work in real estate development is the same way. Being a team player is also essential, as is helping people who want to move up the ladder.
"When you play sports, you have to think on your feet and work as a team. "If you want to beat your opponent, you also need to use your brain," says Michael Stortini. "The skills of a top athlete are similar to those of someone who works in real estate development in some ways."
There are other good things about sports, too. Some athletes might get paid to go to college. Marks are also good for your body. And teams that are part of the community, like those at the local high school, can bring people together.
Construction work also requires a lot of work with other people. Good developers do their best to take care of and treat their employees well. Everyone needs to be on the same page when building something. Miscommunication can swiftly derail initiatives and cause huge complications. If something isn't working or the risks are worsening, it's essential to fix it immediately.
Michael Stortini says, "I learned early on that good communication skills are important for leaders in every job and field." "Whether you're a quarterback on the football field or negotiating a big land deal for a real estate development project, you need to be able to communicate well with everyone involved."
With all of this in mind, it's wise to look at problems and chances in a whole-person way.
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