As Broker and Co-Owner of Century 21 First Realty, a Tallahassee Real Estate Brokerage business, Joe utilizes his MBA and 17 years of Tallahassee Real Estate experience in order to help clients with large investment opportunities while also taking the lead in growing the Century 21 First Realty operation. Additionally, he heads an experienced team of fellow West Point and Annapolis Graduates who run Tallahassee Real Estate Holdings and other entrepreneurial ventures. He contributes to a daily Web Blog which focuses on the Tallahassee Real Estate Market, as well as other topics important to Tallahassee, Florida. For more information on Joe and Century 21 First Realty, please visit his company website at www.manausa.com.
Real Estate Broker in the Tallahassee real estate market since 1991. Broad experience in residential sales, both new and resale, commercial and investment sales, and property management.
Broad experience as a real estate investor with holdings in single family homes, mutli-family apartments and mobile home parks, land holdings and development.
Present focus is on business growth and expansion throughout North Florida and beyond.
Is featured as the Tallahassee Real Estate Blogger for the Tallahassee Democrat (the newspaper for Tallahassee, Florida).
Specialties:
real estate acquisition and finance, sales management, and sales training
ExperienceFounding Member
Brittany Estates of Tallahassee, LLC
(Privately Held; 1-10 employees; Real Estate industry)
May 2005 – Present (2 years 11 months)
Brittany Estates of Tallahassee is a single-asset entity that was formed to take advantage of a market mistake in the pricing of mobile home parks. When land prices were reaching $100,000 per developed lot for single family homes, this organization was able to buy a 300 unit mobile home park in a prime, in-town location, for the discounted value of the cash flows from the mobile homes in the park. At that time, the park was only 1/2 occupied and it was only available to people with mobile homes who wished to rent lots. This created an opportunity to buy and hold the park for less than the land value, purchase used mobile homes to fill the vacancies, and triple the value of the park. This action has created several million dollars in additional equity. The location of this asset is so prime that it will always be a candidate for future residential or commercial development.
Founding Member
Tallahassee Real Estate Holdings, LLC.
(Privately Held; 1-10 employees; Real Estate industry)
May 2004 – Present (3 years 11 months)
Tallahassee Real Estate Holdings is a real estate development and holdings company that was formed to take advantage of a market mistake in the pricing of mobile home parks. When land prices were reaching $100,000 per developed lot for single family homes, mobile home parks were selling based upon the discounted value of the cash flow from mobile homes in the park. This created an opportunity to buy and hold the park for less than the land value, and then clear each park and develop the land for single family residences when the demand was right. Thus far, Tallahassee Real Estate Holdings has purchased six mobile home parks and holds roughly 160 mobile homes as rental units, while having developed two of the parks into residential communities.
Joe has 1 recommendation (1 partner) including:
Don Draughn, Sales Manager, Affordable Home Funding, Inc View recommendations
Owner
Manausa Holdings, LLC. (Sole Proprietorship)
(Sole Proprietorship; Myself Only; Real Estate industry)
February 2002 – Present (6 years 2 months)
Manausa Holdings is a single-asset entity that was formed to purchase a run-down apartment complex in the heart of a revitalized downtown-Tallahassee. This 56 units apartment feature 1 bedroom and 2 bedroom units that are much larger than other units in the area, offering superb accomodations within walking distance of downtown entertainment, shopping, and the capital building itself. Manausa Holdings has changed the name of the apartments to 830 East Park Avenue and is currently in the process of converting these units to condominiums for sale.
Owner
Century 21 First Realty
(Privately Held; 51-200 employees; Real Estate industry)
April 1992 – Present (16 years)
Owner and President of a residential real estate company in North Florida. Company specializes in sales of residential and commericial properties, as well as management of residential properties (with ownership in over 600 leasable units).
Joe has 5 recommendations (2 reports, 1 co-worker, 2 clients) including:
Kevin May, REALTOR Associate, Prudential Florida WCI Realty Charlie Jackson David Peeples, General Manager, C21 First Realty Jonathan Luttwak, Sales and Recruiting, First Realty James Brock