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Episode Summary:
Introducing today's guest, Matt Beall, born and raised in Atlanta, Georgia, U.S.A, currently residing in Kauai Island, Hawaii.
I sit with Matt, the CEO and Principal Broker of Hawaii Life Real Estate Brokerage, in this episode. Matt discusses Real Estate in Hawaii generally and life before he moved into the Real Estate business.
Top Takeaways:
"Work-life balance is a zero-sum game; you are only ever dealing with a finite amount of time."
- [Matt Beall]
"You can't just touch people with a wand and turn them into givers, it's a slow process, and they have to grow into it and learn the value of it for themselves"
- [Matt Beall]
"As you give your time, you realize the personal rewards of that… as you give your treasure, you realize the rewards of that."
- [Matt Beall]
Episode Highlights:
[00:32] Intro
[01:02] Meet our guest today, Matt Beall.
[02:16] Matt shares his background.
[05:09] What's the biggest misconception about Hawaii?
[08:03] What did you do before Real Estate?
[12:56] About starting Hawaii Life Brokerage.
[25:00] Why is Volunteering so important to you?
[32:15] What's your take on venture capital pouring in, specifically for Hawaii?
[37:30] Matt's advice to new agents.
[39:32] How to contact Matt
Episode Notes:
Matt moved to Hawaii in 1994 after he went there for a seminar, was engrossed in the environment, and later decided he would live at Kauai, the oldest and most scenic island in Hawaii. Before this, he had schooled in Virginia, then the University of Montana.
Highlighting the biggest misconception about Hawaii, Matt explains that people have a general idea that everyone there is lazy. "It's almost impossible to live here without getting influenced by the environment." In Hawaii, this influence is seen in the "work-life" balance, which differs significantly compared to work in the US mainland. This distinction between both places has been responsible for the impression of a laid-back lifestyle often perceived as laziness. Matt notes that this belief does not represent the reality over there.
Matt also shares his experience before Real Estate, starting as a manager running a bar and restaurant. After suffering burnout, he took two years traveling around different places, and on returning, noticed people in his industry were getting Real Estate licenses to sell Timeshares. Motivated to do the same, he got his license. Still, he was informed of a job opportunity in a Real Estate company that ultimately steered him into starting his career in Real Estate.
Discussing events around the startup of Hawaii Life Brokerage in 2008, during the recession, Matt notes that growth was much faster than anticipated. The challenges of having competitors came with that level of success. The website for Hawaii Life was also uniquely designed by Matt and his team, making the website the first with any real traffic. He explains that it was motivated by the poor and frustrating representation of properties, added to the minimal efficacy of brokerages within the tech space. The company has also engaged in print productions as part of its marketing strategy, and it has been much more beneficial. Matt has partnered up with a luxury group on Oahu that expanded its presence there. The primary use of technology involved in the operation is through Salesforce.
Talking about his work with volunteerism, Matt shares that initially, the purpose was to educate himself on the people and the place, but has now grown to involve more depth with a sense of responsibility to the environment. He is the outgoing President of the Hawaiian Islands Land Trust, a land conservation organization with the largest land trust in the state. He describes the experience as incredibly fulfilling, encouraging people to volunteer to experience how rewarding it can be. Matt is also producing the annual conference called "WorthShop" as part of his volunteer work.
Talking about the effect of high buyers and venture capital on Real Estate in Hawaii, Matt believes there will only be a specific segment of the market that will be open for those kinds of firms to participate in Hawaii. He advises agents to take general suggestions on the type of impact expected from these venture capitals with a grain of salt. Very often, such information gotten from platforms like Facebook may have misplaced value on them.
Matt's advice to new agents: Learn to Meditate; the ability to hone your mind and understand how to direct your attention to your benefit is hugely beneficial.
Resources Mentioned:
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