Rod Forey is the owner and principal broker of William Young Real Estate LLC and William Young Properties LLC, based in Chichester, NH. With over 20 years in the real estate industry, he has established a reputation for leadership and innovation. Inspired by his family’s real estate background, he began his career in 2002 and now manages a diverse residential and commercial property portfolio. Rod Forey’s expertise includes private investing and multi-family property ownership. He is an active member of the Capital Board of Realtors and the National Association of Realtors. Licensed in Vermont and New Hampshire, he serves a wide range of clients with a deep understanding of market dynamics.
Rod holds a Master’s degree in Criminal Justice from American International College, graduating summa cum laude, and a Bachelor’s in Liberal Arts from SUNY Albany. His academic background and military service in the US Coast Guard, where he received numerous honors, underscores his dedication and strong leadership skills. Besides real estate, Mr. Forey is passionate about hockey. He has been involved in the sport for over 40 years as a player, coach, and Level 3 USA Hockey referee. He also enjoys running, tennis, and golf, maintaining a balanced and active lifestyle. Rod Forey’s involvement in sports and community activities highlights his commitment to teamwork, leadership, and giving back to the community. His professional and personal endeavors reflect his dedication to excellence and continuous improvement.
Your career in real estate spans over two decades. Can you share what initially sparked your interest in the field and how your family’s background influenced your career choice?
My interest in real estate was sparked by my family’s involvement in property investment. Growing up, I was surrounded by discussions about real estate, which naturally drew me into the field. In 2002, I pursued this passion professionally, building on the knowledge and insights I gained from my family’s experiences. This background provided a solid foundation, allowing me to understand market dynamics and investment strategies from an early age.
As the principal broker of William Young Real Estate LLC and William Young Properties LLC, what factors have contributed to your success in managing residential and commercial properties?
Success in managing residential and commercial properties comes from strategic planning, a keen understanding of market trends, and strong relationships with clients and contractors. I ensure that our properties meet high standards and client expectations by staying attuned to the market’s needs and maintaining a hands-on approach. My private investing and multi-family ownership background also helps me make informed decisions that benefit our portfolio.
You’ve mentioned the importance of strategic planning in real estate development. Can you elaborate on how adopting a long-term view during the master planning phase can help reduce costs and ensure project adaptability?
Adopting a long-term view during the master planning phase helps to foresee future needs and avoid costly redesigns. By planning thoroughly and considering potential future developments, we can create adaptable and resilient projects. This approach minimizes the need for expensive modifications down the line, ensuring the project remains cost-effective and efficient from start to finish.
Your expertise extends to private investing and multi-family ownership. What advice would you give to new investors looking to enter the real estate market in these areas?
For new investors, start with thorough market research and understand the local real estate landscape. Focus on properties that offer long-term value and potential for appreciation. Building a network of experienced professionals, including brokers, contractors, and property managers, is crucial. Be patient and strategic, prioritizing quality investments over quick returns.
How has your military background influenced your approach to leadership and management in the real estate industry? Can you provide examples of how these skills have been beneficial?
My military background instilled discipline, resilience, and a strong work ethic. These traits have been invaluable in real estate, especially in high-pressure situations. For example, during complex negotiations or project management, I rely on my ability to stay focused and lead teams effectively. The leadership skills I developed in the military helped me inspire and motivate my team to achieve our goals.
You emphasize using Technology to enhance efficiency and reduce costs in real estate development. What are some of the most effective technologies you’ve implemented, and how have they impacted your projects?
We’ve implemented technologies like Building Information Modeling (BIM) and project management software, which streamline processes and improve accuracy. These tools allow us to visualize projects in detail and identify potential issues before construction begins, saving time and reducing costs. Automation in construction processes also enhances efficiency, ensuring we meet deadlines and stay within budget.
As a member of the Capital Board of Realtors and the National Association of Realtors, how do you stay updated with industry trends and regulations, and how do these memberships benefit your professional practice?
Membership in these organizations informs me about industry trends, best practices, and regulatory changes through regular updates, seminars, and networking events. These resources are invaluable for staying ahead in the real estate market. The credibility and connections gained from these memberships also enhance my professional practice, allowing me to serve clients better.
You have a diverse educational background with degrees in Criminal Justice and Liberal Arts. How have your studies in these fields contributed to your real estate career, particularly in problem-solving and strategic planning?
My education in Criminal Justice and Liberal Arts honed my analytical, research, and communication skills. These abilities are crucial in real estate for negotiating deals, resolving conflicts, and developing strategic plans. The legal knowledge from my studies helps me navigate regulatory aspects, while my liberal arts background enhances my ability to understand and connect with clients from diverse backgrounds.
Your involvement in sports, particularly hockey, spans over forty years. How has your experience as a referee and coach influenced your teamwork and leadership skills in your professional life?
Hockey has taught me the value of teamwork, discipline, and strategic thinking. As a referee and coach, I’ve learned to make quick, fair decisions and lead by example. These skills translate directly to real estate, where collaboration and effective leadership are essential. Mentoring young athletes’ parallels guiding my team and clients, ensuring everyone works towards common goals.
What are your strategic goals for William Young Real Estate LLC and William Young Properties LLC, and how do you plan to continue driving growth and efficiency in your operations?
Our strategic goals include expanding our portfolio, enhancing our technological capabilities, and maintaining high service standards. We’re focusing on sustainable development and exploring new markets in Vermont and New Hampshire. By leveraging technology and fostering solid relationships with clients and contractors, we aim to drive growth and efficiency, ensuring our projects are successful and meet market demands.