Shannon Robnett Industries’ Blog About Business
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Shannon Robnett Industries (SRI) doesn’t just have a personal and financial stake in syndicating real estate deals in Boise, Idaho. Shannon Robnett is building the future of his home town and investing in his back yard. Because as you know Real estate success is only one sign of economic health, so the healthier businesses are overall, the more robust the economy is overall, improving the odds we have for success in real estate. It is one big cycle.
This is why SRI takes the time to maintain a blog about business. Our entries discuss some strategies we and our clients can employ to keep Boise’s economy--and our businesses--as strong as possible.
This is why SRI takes the time to maintain a blog about business. Our entries discuss some strategies we and our clients can employ to keep Boise’s economy--and our businesses--as strong as possible.
The Importance of Communication in Business
Trying to run your business with no communication skills whatsoever can be a little risky. Imagine trying to sell or buy products without excellent communication, or solely work in synchrony with your employee without mutual understanding. It could easily cause chaos in the system.
In today’s digital age, communication is easily done in several formats. it’s essential to retain the ability to verbally interact as well. Regardless of how it’s done, here are three reasons why you have to keep it at work: 1.Will help you gain the trust of your employees.
It’s well-known that building a good team is necessary when it comes to the success of the company, but it can be challenging to achieve without the unity of the staff members. Communicating professionally and respectfully can develop a positive atmosphere at work, which can lead to less tension and stress at the workplace. Moreover, by simply keeping in touch on a regular basis, discussing and handling problems jointly is helpful for the company’s productivity. 2. It can help you maintain good relationships with customers.Communication is essential when it comes to customers since the success of the company primarily depends on them. Thankfully, this is easier today than it has ever been, as there are a wide variety of ways to keep in touch with your customers. No matter what services your company provides, you have to be attentive to understand the needs of your customers and be able to give them the answers they are looking for. When they feel that they are listened to and that their suggestions are implemented accordingly, the reputation of your business grows and you will find yourself generating additional profit.
3. Emboldens Feedback.
It’s crucial to get any feedback regardless of your position at work. Successful communication gives the team the opportunity to express their ideas about operations to management. It can be a two-way process where the top management provides feedback to the employees about their work performance, and the employees also feel good at giving feedback with regards to how well the company’s policies are performing. By asking for feedback, you can actually motivate employees to perform better. Employees like to feel valued and appreciate being asked to provide feedback that can help formulate business decisions. And feedback from clients, suppliers, vendors, and stakeholders can be used to motivate to build a happier, healthier workplace where things get done more efficiently.
Clearly, there are plenty of reasons why effective communication can contribute to your company’s success. No matter how big or small your business is, having constant communication can have a significant impact on productivity, employee satisfaction, and revenue. So, keep these things in mind to ensure your company will get the quality of communication needed to grow and succeed.
How Opportunities & Partnerships Makes The Deals Work
A favorable market and a suitable partner have steered our company Phoenix Commercial Construction to enter the multifamily arena in Idaho.
We are Nampa, Idaho-based company, where we have been a player in the commercial real estate and development market in Idaho’s Treasure Valley region since the inception in 2014.
We have tackled a variety of high-profile projects in the area since 1999 including work for police departments, fire stations, a city hall, offices, and industrial buildings and now we are moving into the multifamily market.
It was the perfect combination of opportunity and being able to partner with the right people, where we have partnered with Aaron Elton, president of ipCREF, who has generated more than $500 million in commercial real estate financing for our construction projects and our companies are developing four multifamily projects consisting of roughly 1,000 residential units in the Treasure Valley area.
Aaron and I have emerged as a little bit of a powerhouse because we can plan, develop, construct and deliver, and our market has not seen that combination recently, we’re a totally different team than what is normal in our market.
For instance, one of the four projects is a 180-unit luxury apartment complex called Central Park Commons. It features one-, two- and three-bedroom floor plans. The $32 million projects are being constructed in phases with a projected completion date in mid- to late 2018.
The 200,000-square-foot multi-building complex will stand out thanks to its amenities, units will feature quartz countertops, high-end cabinets, stainless steel appliances, walk-in closets and a mixture of carpeting and hardwood floors, it’s definitely top of the market for Idaho.
Other amenities include a community patio with full outdoor kitchen, semi-private seating areas scattered around outdoor fireplaces, an outdoor and indoor playground, sport court, state-of-art fitness center, yoga studio, tanning bed, massage bed, outdoor pool, and a splash pad. A media room for screening events and movies and an indoor kitchen and entertaining areas are additional amenities. The complex’s 4,000-square-foot clubhouse features a two-sided fireplace and opens into the outdoor kitchen with sports fire pits and wood fire pizza oven.
We redesigned the clubhouse and made it very user-friendly, the workout room has a glass wall that is integrated with a kid’s area so you can see your kids at all times. In addition to Central Park Commons, we are working on a high-end 250-unit apartment complex set to break ground in spring 2018. The $48 million projects, called Mackenzie Meadows, will consist of 22 two- to four-story buildings that will encompass roughly 270,000 square feet.
We are also developing the Summer Town and Jasmine apartment complexes, Summer Town is a 270-unit, 260,000-square-foot mixed-use complex. The $40 million projects, scheduled to break ground in 2019, will be attached to 10 townhomes. Jasmine Apartments will span over 20 acres and its buildings will take up roughly 600,000 square feet. Its 600 units will also be attached to townhomes. The $80 million projects are set to break ground in 2019.
All three projects will include high-end amenities similar to Central Park Commons. And one of the things we incorporate in all of our complexes is pet amenities like pet wash facilities and pet parks, I believe the amenity package really pays you back because it provides quality of life. Contact us about future investment opportunities: http://bit.ly/ToolsForFinancialFreedom
Our Expanded Social Media Presence
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In addition to our blog, Shannon Robnett Industries is active on:
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In addition to our blog, Shannon Robnett Industries is active on:
A home base for all things SRI, including an e-calendar to book discussions about ground up real estate syndication.
Robnett’s Real Estate Rundow: An audio version of many of our YouTube videos. Ideal to listen to in your car or otherwise on-the-go.
If you have questions about Shannon Robnett Industries’ role in the local real estate investment industry or would like to suggest topics for this blog, contact us or call 208-405-6176 today. We would love to hear what our community members have to say and the type of financial advice you find most useful. We care about Boise and surrounding cities because we live and work here. We’d love to help you make investments that make you happy to live and work here, too.