Episode 007 - Risk

Risk

In this episode of the Rosefellow Podcast, co-founders Mike Jager and Sam Tsoumas delve into the crucial topic of risk management in real estate development. The discussion covers their approach to taking calculated risks, particularly their bold decision to develop properties on spec in Montreal—an unconventional strategy in a market not known for such ventures. They recount their experiences navigating financial uncertainties, convincing banks of their vision, and strategically timing their developments to align with market peaks. Through their meticulous planning and unwavering belief in Montreal's potential, they have positioned Rosefellow as a leader in the industry, ready to meet future demand even in challenging economic climates.

The episode also touches on the broader implications of risk-taking, from expanding into new markets like the United States to acquiring challenging sites with complex zoning issues. Mike and Sam emphasize the importance of thorough research, team collaboration, and having the right infrastructure in place to mitigate risks. They share candid insights into the sleepless nights and intense pressure that come with managing multi-million dollar projects, while also expressing a strong belief that the greatest risk in life is not taking any at all. The conversation ends on an inspiring note, encouraging listeners to embrace risk as a necessary step toward growth and success, both in business and in life.