Integrity in Real Estate Investing

You know there are a lot of things to learn and master as you begin training for a career in real estate investing.

But along the way, don't forget one of the fundamental principles of property investing, or any business - integrity.

Integrity is one of the most fundamental character traits of executives, team leaders and valued employees. It's a crucial ingredient in building a successful real estate investing career.

Why Integrity?
In reality, integrity matters in everything we do, whether it's work, home, family and friends. It includes traits such as honesty, dependability and consistent character. A person with integrity not only follows up on what he or she says, but also takes responsibility for their own mistakes.

People with integrity draw people to them because they're trustworthy and dependable. Moreover, they act in a responsible, honorable manner even when no one is watching.

Integrity in Real Estate Investing
Integrity, of course, is no less important in real estate investing. Consider this: The real estate business is about people and relationships, and without both you have no business at all. That's why it's important to determine how you're going to treat the people you come into contact with all day long.

And because there is no formal code of ethics in property investing, it's your responsibility to treat others fairly, instead of seeking what you can potentially get away with.

As an investor, your reputation will be far-reaching and involve many people.

Integrity At All Times
It's easy to maintain integrity when your business is going smoothly. Maintaining it when the chips are down can be more of a challenge, however. Those core values can be challenged when your pocketbook takes a hit.

What's The Cost?
The consequences can be damaging to an investor who doesn't adhere to a code of ethics, not the least of which is losing clients and ruining your reputation. In a world of constant change and new ideas, acting without integrity can leave you far behind.

The bottom line, in any case, is to always ask yourself "What's fair?" rather than, "What can I get away with?" Always think about your actions and how will affect the people you come in contact with, both now and in the future.