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Real estate isn’t an easy
business for many to excel in, especially when markets can be volatile, but Ottawa’s
Mike McGahan is a real estate expert who
has guided others to success during his 30-plus years in the industry, leading
not one, but eventually two major organizations.
As CEO and trustee of the
InterRent Real Estate Investment Trust (InterRent
REIT), Mike McGahan leads a growth-oriented real estate investment trust that increases
unitholder value through the acquisition, ownership, management and
repositioning of income-producing, multi-residential properties in Ontario and
Quebec. He’s also president of CLV Group, one of Ottawa’s largest private
property management firms. A graduate of the University of Ottawa who has
bought, sold, financed, and managed over 300 properties valued in excess of $3
billion, Mike has earned a reputation as one of the top property managers in
Canada. He’s also a philanthropist who believes strongly in giving back.
What would you describe as your management style?
Mike McGahan:
I think people-friendly accurately describes me. I make a point of getting to
know everyone I work with and treating everyone with respect. I want all of our
employees to know they’re valued and appreciated, and that we value their
ideas, opinions and input. Everyone’s role has an impact on our company.
What qualities does one need to be a successful business
owner?
Mike McGahan:
There are many of them. Dreaming big is important, because most if not all
entrepreneurial efforts begin with an idea. Having ideas and dreams, then
taking action to bring them to fruition is how many successful companies have
been created and grown. I think it’s also important to have strong role models
to provide guidance, especially in the beginning.
What practical advice would you offer people who aspire to
be entrepreneurs?
Mike McGahan:
Hire smart. Look for leaders and team players. No… Read More
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