In this episode of the Thoughtful Entrepreneur, your host Josh Elledge speaks to the Co-Founder of
The Folson Group,
Tina Larsson.
Tina Larsson, co-founder of The Folson Group, explored the complexities of HOA, co-op, and condo boards. Her insights proved invaluable to those managing or residing in these communities. Tina and her team specialize in consulting for volunteer-led boards in these sectors, mainly in New York City and nationwide. Volunteers face challenges in balancing board duties with personal and professional commitments.
A significant challenge for these board members is maintaining and upgrading outdated infrastructure. Tina emphasized the importance of addressing emergency repairs and initiating major projects like facade, roof, and elevator replacements. She advocated for a proactive approach to management, which involves anticipating and resolving potential issues before they become emergencies, thus saving time and resources and reducing stress.
The Folson Group's growth has been fueled by word of mouth, networking, and the influence of Tina's book. She invites anyone facing community-related issues to seek their support, highlighting their dedication to assisting boards in overcoming unique challenges.
Key Points from the Episode:
- The Folson Group's consulting services for HOA, co-op, and condo boards
- Challenges faced by board members, such as aging infrastructure and emergency repairs
- Transitioning from a reactive to a proactive approach
- Dynamics within the boards and making tough decisions
- The role of The Folson Group as coaches and therapists for boards
- Tina Larsson's book, "Living the High Life," as a guidebook for community owners
- Positive feedback and impact of the book
- Attracting clients through word of mouth and networking
- The importance of proactive solutions for community-related challenges
- Encouragement to reach out to The Folson Group for assistance
About Tina Larsson:
Tina Larsson is a multifaceted entrepreneur known for her expertise in real estate and commitment to sustainability. Originally hailing from Sweden, Tina has significantly impacted New York City, transitioning from a successful career on Wall Street to revolutionizing the real estate industry. Her journey began with a remarkable achievement: saving her own cooperative housing (coop) $340,000, which laid the groundwork for her consultancy services. Tina's consultancy focuses on aiding cooperative and condominium boards to enhance their property values through strategic advice and innovative solutions. She holds a LEED Green Associate designation and is a recognized author and speaker, with works such as "Living the High Life" under her belt.
With her venture, The Folson Group, Tina has established herself as a key figure in encouraging sustainable and efficient management practices within the cooperative and condominium communities. By co-founding this consultancy firm, she has dedicated her expertise to guiding boards toward managing their buildings like businesses, emphasizing sustainability and affordability. The Folson Group's mission aligns with Tina's personal and professional ethos, offering tailored solutions that promote environmental responsibility while ensuring financial savings for their clients. Through her efforts, Tina has influenced the real estate sector and positioned herself as a leading "Green Queen" in the industry, advocating for a more sustainable and economically savvy approach to property management.
About The Folson Group:
The Folson Group is a pivotal ally for New York City cooperative (coop) and condominium owners aiming to maximize the potential of their properties. With a team of seasoned experts, the firm excels in meticulously analyzing a building's financial health, followed by developing a strategic plan tailored to reduce costs and augment property value. Their approach is holistic and client-centered, ensuring the creation of a customized plan and its seamless implementation. This commitment allows property owners to allocate their time to other critical areas of their lives, knowing their real estate investments are in capable hands.
Offering a suite of specialized services, The Folson Group differentiates itself by focusing on value addition beyond the scope of typical property management. These services are designed to complement the efforts of property managers and coop or condo boards, addressing a gap in the market for strategic, business-oriented management of residential buildings. Their philosophy is to treat each property as a business, aiming to enhance operational efficiency, sustainability, and profitability. Through this unique approach, The Folson Group empowers property owners to achieve more from their real estate investments, making it a distinguished partner in the competitive New York City real estate landscape.
Tweetable Moments:
06:23 - "We act as a little bit of coaches and therapists in addition to helping them make decisions that are tough. It's very often very tough decisions to make a decision to assess each owner of $40,000."
Links Mentioned in this Episode:
Want to learn more? Check out The Folson Group’s website at
https://www.thefolsongroup.com/
Check out The Folson Group on LinkedIn at
https://www.linkedin.com/company/thefolsongroup/
Check out The Folson Group on Facebook at
https://www.facebook.com/FolsonGrp
Check out The Folson Group on Twitter at
https://twitter.com/FolsonGrp
Check out The Folson Group on Instagram at
https://www.instagram.com/folsongrp/
Check out Tina Larsson on LinkedIn at
https://www.linkedin.com/in/tinalarssonli/
Check out Tina Larsson’s book “Living the High Life” at
https://www.thefolsongroup.com/book
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