Get to know Ronald Mucci of Longley Jones/Syracuse Securities
July 14, 2014 - Brokerage
What advice would you give to those just starting out in commercial real estate?
Careers in commercial real estate can be very rewarding, but just like any career, you need to work at it and it takes time. I can't stress enough how important it is to develop relationships and to keep them active, which will yield dividends in future events. It is also important to stay current with educational materials regarding the financial market and how they affect real estate, not only locally but worldwide as well. You need to learn the basic keystrokes for amortization and net present value, as well as to understand capitalization rates and how they equate to value and sales prices.
How do you manage your personal and work life?
In today's commercial real estate world, there is a fine line between your personal life and professional life. They tend to bleed into one another and this can become problematic if you do not manage your time properly. There are times when you may need to work late into the evening or on the weekend, but it doesn't happen too often. I have been able to manage my time by utilizing my professional hours in an effective and efficient manner. In reality, it can be impossible to completely leave work behind, but having a supportive family is an advantage.
Who or what has been the strongest influence on your career and why?
I would have to say my parents have been the strongest influence on my career. They brought me up with the understanding that one should always give their best in anything they do, and I try to continue to live by that motto. They taught me the importance of respect in the professional world, and how it can reap benefits as one grows.
Ronald Mucci is the chief financial officer at Longley Jones Management Corp./Syracuse Securities Inc., East Syracuse, N.Y.