Nate Schoemer Show | Episode 5 - Mike Deasy CEO of a Premier Real Estate Firm

TL;DR

Mike Deasy shares insights on real estate, entrepreneurship, and life experiences.

Transcript

all right thanks so much Mike for taking the time to sit down and have a conversation I'm really excited about this episode because I know you've done so many things in your life and you have so much wisdom and so much that you could share to my audience and people listening that want to go out and be an entrepreneur they want to do things and real... Read More

Key Insights

• Mike Deasy's career spans over 45 years in real estate, focusing on architectural homes and historical properties in Southern California.
• He emphasizes the importance of being fearless and taking risks as an entrepreneur, while also being prepared for market volatility.
• Deasy's involvement in the civil rights movement and anti-war protests reflects his commitment to societal change and justice.
• He values trust and confidence in business relationships, highlighting the need for good partners and a supportive team.
• The evolution of technology in real estate, such as online listings, has shifted the role of agents from information providers to negotiators and transaction shepherds.
• Deasy's passion for history and architecture informs his work, as he leverages cultural heritage to market properties.
• He advises young entrepreneurs to take risks and not be afraid of failure, as these experiences are valuable learning opportunities.
• Deasy discusses the potential impact of self-driving cars on urban development, predicting changes in city planning and infrastructure.

Questions & Answers

Q: What is Mike Deasy's background in real estate?

Mike Deasy has over 45 years of experience in real estate, focusing on architectural homes and historical properties in Southern California. He is the CEO and managing broker of Deasy Penner Podley and has been instrumental in pioneering the niche market for architectural homes.

Q: How does Mike Deasy view the role of risk in entrepreneurship?

Mike Deasy believes that being fearless and taking risks are essential for entrepreneurs. He acknowledges that not all risks will lead to success, but they are crucial learning experiences. He advises young entrepreneurs to embrace risk and not be afraid of challenges.

Q: What impact has technology had on the real estate industry, according to Mike Deasy?

According to Mike Deasy, technology has transformed the real estate industry by shifting the role of agents from information providers to negotiators and transaction managers. Online platforms allow buyers and sellers to access listings directly, making the agent's expertise in negotiation and transaction management more critical.

Q: How does Mike Deasy integrate his passion for history and architecture into his work?

Mike Deasy leverages his passion for history and architecture by focusing on marketing architecturally significant and historical properties. He views these properties as cultural assets and uses their historical and architectural significance as a unique selling point in the real estate market.

Q: What advice does Mike Deasy offer to young entrepreneurs?

Mike Deasy advises young entrepreneurs to take risks and not be afraid of failure. He emphasizes the importance of learning from challenges and surrounding oneself with supportive partners and a strong team. Building trust and confidence is crucial for success in any business venture.

Q: What are Mike Deasy's thoughts on the future of urban development with self-driving cars?

Mike Deasy predicts that self-driving cars will significantly impact urban development, leading to changes in city planning and infrastructure. He anticipates a reduction in the need for parking garages and changes in zoning laws as cities adapt to the new transportation landscape.

Q: How did Mike Deasy's involvement in the civil rights movement influence his career?

Mike Deasy's involvement in the civil rights movement instilled in him a commitment to societal change and justice. These experiences have influenced his approach to business, emphasizing the importance of challenging cultural norms and advocating for positive change in the community.

Q: What is the significance of trust in Mike Deasy's business philosophy?

Trust is a fundamental aspect of Mike Deasy's business philosophy. He believes that building trust with clients and partners is essential for long-term success. Trust is built through transparency, effective communication, and delivering on promises, which are vital for navigating complex real estate transactions.

Summary & Key Takeaways

• Mike Deasy discusses his extensive career in real estate, emphasizing the importance of risk-taking and adaptability in business. He shares insights from his experiences in the civil rights movement and how they shaped his approach to entrepreneurship.

• Deasy highlights the evolution of the real estate market with technological advancements, emphasizing the agent's role in negotiation and transaction management. He stresses the importance of trust and confidence in business relationships.

• The conversation touches on the potential impact of self-driving cars on urban development, as well as Deasy's passion for history and architecture. He encourages young entrepreneurs to embrace risk and learn from challenges.