Today we’re exploring the technological future with talk of how to use the newest tech for the advancement of your portfolio and the real estate sector in general. However, with that, the discussion of which tech is the right tech to lean into for the betterment of the industry is a pertinent line of inquiry that must accompany any talk of new and emerging solutions.
First off, however, I want to acknowledge the most important part of real estate investing, the facet that is often hardest to control, given our natural human instincts: the virtue of patience, the subtle art of ‘waiting’ which is often overlooked in today's fast-paced lifestyle.
In the developed world, we have become accustomed to immediate gratification. In most areas of our lives, we expect to get what we want quickly and efficiently. That is why it is hard to adjust expectations to the things that require time and effort, the times when patience is the correct response.
Patience is one’s ability to wait for something without getting too emotional, frustrated, or troubled. Not giving up when a situation arises requires the self-control to delay gratification and potentially go through a tough stretch or the acceptance of less optimal situations. Patience is the most important factor for success in most businesses, but especially investing in real estate; it’s probably more important as it becomes harder to do and further away from our everyday norms. Being patient is about being persistent and consistent in our efforts.
Perspective gets blocked when we're focused on our own needs and desires. If we can shift the focus to the needs and desires of others, we can gain a broader perspective and develop empathy and compassion. This manifests for me in thinking about our clients and the wealth that we can help them build. Patience is an essential skill for navigating life's challenges and being successful.
As always, we hope you enjoy our Client Report. We publish these for you with your interests in mind.
In this edition of the TCS Client Report you’ll meet an international lawyer, read about what TCS is doing in the community, witness an AI conversation; all in addition to the discussion about the future of tech in real estate. And speaking of patience, it is finally time to announce TCS Miami, the same TCS that you know from Toronto, with access to premium opportunities in south Florida.