Welcome to Business Innovators Magazine…Please introduce yourself and a brief thumbnail sketch of your background.
EW: My name is Eric M. Wohlwend. I have spent 13 years in the army as an Airborne, Sapper, medic and instructor. My degree is in Pre-Med. In 2003 I started investing full time in real estate. After 2 years I owned 20 units. During this time I put together systems to buy and manage properties these properties. In 2010 we opened the real estate brokerage, Clear Sky Realty, Inc. so we could provide these services to others. I now control hundreds of single family, multi-family units as well as commercial units, mobile home parks, and storage facilities. The systems, and the team, that I put together allow us to manage these and hundreds of other units for our many owners.
BI: What would you say is the area in business that you are most passionate about and why?
EW: Leadership and negotiation. There are 2 main ways to make money investing. You can buy right and you can manage right. With great management you can take a decent deal and make it great over time. Leading, providing systems and guidance is a big part of managing any piece of real estate. With residential rental properties it is even more important than other types of investments. I love to see the results in the neighborhoods and on the P&L statements after we reposition a large complex and take it from 1/3 occupancy to 90% in just a few years. The tenants enjoy where they live more. The owners are happy with their investment and I can see what a difference I made!