Infotipsnews.com – How Many jobs Are Available in Real Estate Investment Trust?. The business of real estate has often be cited as one of the – if not the most strong way to make generational wealth. The consistently rising prices, the everlasting need for housing as a basic need also push the industry strong.
Now, there is a lot of opportunities open for our generation. The new business model and schemes were widening the previously narrow industry to more general public. In the past time, you were either really rich or have land, now – the middle class is joining.
One of the ways the middle class can start to invest without enormous capital upfront is the REITs. It stood for Real Estate Investment Trust, a pool of money from various investors that the lead investor or manager could use to seed in various properties.
So, you might want to learn the trade by working, or in search of a job in general. There is a lot of opportunities for you in the real estate investment trust business. The industry is generally open for the everyman to join.
In this article, we will dive deep into the world of REITs and try to se how could you fit in the industry of property investment.
A Look Inside a REITs firm
REITs were more often than not be operated by an investing firm or property development group. This is because REITs were commonly a big operation with several functions to support it’s business.
Typically there is these functions within a REITs firm:
1. Fund Raiser
The fund raisers were the people who are selling the REITs to investors. They try to raise money and broker deals to form a trust. In the name of the trust, they then will give the options or suggestions on what to do with the money.
The fund raisers were typically seen as the marketing in front of the firm. They promised the potential investors and prospects to further give them money so that the firm could invest in the portfolio more and more.
In order to be a fund raiser, you might need good selling skills and better understanding of land price fluctuation, prospecting, and other marketing or selling skills.
This is because, without the money or funds from the investors, the REITs are essentialy stuck and can do little to nothing in order to generate more income and returns for it’s current investors.
You might also need to learn on prospecting the right client. Is their money sufficient? Or were they in short-term danger? This is because without the ability to financially assess good investors, the deals that has been set up might crumble because certain investors have to pull back from the deal.
In every REITs firm, there should be an analyst or several of them to determine what should we do with the money that has been raised from the investors. You should analyze market fluctuations, the overall property trend, population growth, and the urban development projects.
This is to determine which step to be taken in order to generate more money and returns both for the firm and for the investors. You will need to train yourself in qualitative and quantitative analysis.
It will also help if you have governmental know hows – this is because often times the development of real estate value comes in line with several urban development projects nearby.
Your analysis will be crucial for the company and the investors. So you might need to be more diligently careful with your insights, analytics and recommendations.
3. Legal & Political Relations
Often cited as government relations, the legal department is important to make sure that anything done in the name of the firm is not a malpractice and has adhered to various laws and procedures both for the local and national government alike.
The legal department is also important to improve connections with the local estates in order to increase and assess the current value of the property. Finding loopholes and benefits that could help the firm rakes tax benefits.
It is also important for the legal people to assess the legality of the acquired property in order to avoid settlements and issues that arose from the disputed property. Furthermore, the land ownership, the clarity of stakes are often be the burden of legal department to work on in the contracts.
It is crucial for you to be a law graduate in order to land this job in any REITs firm. This is because the legal writing and the further analysis has to be in legal perspective which isn’t always similar to common understanding.
The profession of actuary might look similar to the analysts, but they perform different equation rather than the others. First, actuary tries to calcualte future real estate prices, and count the more complicated equation.
Second, the actuary has more responsibilities in order to make a prospectus document. In this, there are information and further explanation on why the firm would make returns and more money from the investments.
The assesor’s job is to assess. What do they asses? The value of property and they curate properties in order to generate return of investments for the investors and the firms.
It is important for you to experience assessment and understanding on how you value the property. You might also work with the actuary to determine which property should be bought, and how do we make money from the said property.
There is no certain academic understanding required in order to be assesor, but it will help if you have architecture, engineering or at east has several deep understanding on how a house function to value them.
The property business of REITs firms is complex but there is also many opportunities for you to fit in. The industry itself is more open to general qualifications and experience were often be rewarded more rather than academic proficiency.
Thus, you might want to try to intern or immerse your career in order to make it into the industry. You can do this by submitting various job applications and other opportunities in order to make the first step.