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Catskills - Sullivan County - Ulster County Real Estate -- Catskill Farms Journal

Old School Real estate blog in the Catskills. Journeys, trial, tribulations, observations and projects of Catskill Farms Founder Chuck Petersheim. Since 2002, Catskill Farms has designed, built, and sold over 250 homes in the Hills, investing over $100m and introducing thousands to the areas we serve. Farms, Barns, Moderns, Cottages and Minis - a design portfolio which has something for everyone.

October 15, 2023

Post Surgical Venting (and building houses)

I hope it’s not just an illusion, but I think I’m experiencing a slight improvement in mobility, a slight decrease in general discomfort, and a slight uptick in hope that I won’t live forever with a John McCain style useless arm and completely distracting pain. My doctor, a well-known NYC physician, should have let me in on the full scope of this recovery - I know next time before I do anything I'm watching YouTube. That's where all the information is. I mean, I consulted my physician 3 times before surgery and never once did he say 'be ready for a life-disrupting experience full of immobility, pain, intense physical therapy where you earn every 1/4" of regained mobility". That's a lot different than "be ready for a few months of PT".

I often compare this stuff to how I operate - I mean, if a client came to me and asked me for a referral for something - say mold removal in a rental property they bought. Sure, I may be able to introduce them to the GOAT (greatest of all time) mold removal people, but maybe I've seen them downplay the disruption narrative in the past, so it's my job to give my client a little color - 'hey, get ready to be lose 4 months of rent, deal with a ton of indirect but associate dust and cleanup, " etc... If I know this to be true, then my job is to give some color. Our process and what we provide our clients is so superior to what I see out there across a broad array of industries I deal with.

Homecoming

Seven weeks in, and with an improved sense of humor last night with my son and his friend, I managed to look back over the last 7 weeks and wonder how the heck I just pulled off what I did - 4 houses under contract, 4 new hires and training, 3 new foundations in, raise a kid, keep the house going, etc…  I’ve stood outside myself on many occasions and wonder how the heck this or that was accomplished but this one really takes the cake in terms of brute force willpower.  Sitting at home for 6 weeks was a real choice too for many folks undergoing shoulder surgery. Having a useless arm makes every aspect of life complicated.

One of the toughest parts of this business is the ying and yang of clients. Aggressive, gratitude, reasonableness, unreasonableness, fairness, unfairness, politeness, rudeness, predictability, unpredictability - all in equal spoonfuls, all coming at me at the same time. I feel half the time like Jeremiah Johnson in the Robert Redford western where after he inadvertently disturbs an Indian burial ground, they launch continuous surprise attacks on him year after year that he barely fends off.

It's been doubly apparent since as I rebuild the team, I've been closer than normal to some of the nitty gritty of the requests that come our way, and lets be honest, because I know the miracles we perform, the magic we conjure, the mountains we move for our clients, sometimes the endless quest on their end to perfect every square inch gets a little old.

It's nothing new. It's a tough business, with constantly moving goal posts. It's why I ponder and wonder whether it's a business I'd want my son to join - as a way of life, I'm just not sure the aggravation is worth the glory.

I’ve been realizing it’s the nonsense that really annoys me.  Give me a real problem to solve, and I get it.  Saddle me with some short bus pissing match over $100 that I have to step in and fix, and that really gets to me since I’m not a kindergarten hall monitor.

On any given week, we are attending to at least a half a dozen warranty issues.  I take it serious and we are pretty surgical with it and for the most part I take care of things far in excess of any legal standard, mostly because my team of subcontractors helps me defray the cost in many instances.  It's difficult to reconcile the effort we make on the behalf our projects, and the inability to accomplish a simple goal of client satisfaction. I think I have it figured out a bit though, and it's not the greatest epiphany, - it's not gratitude I'm searching for anymore for literally providing one of the most value oriented, seamless design/build processes I've seen, - it's really just the hope that at some point the client will leave us alone and stop asking for more, for free!

I deal with literally hundreds of vendors a month, many for my own home, house, car, pool, dog.  I have a great perspective on the lack of ‘meeting half way’ mentality of many many of these companies, and I know that’s not us. We go WAY over the top.

Modular pool with window

And maybe that’s the point - thanks for tagging along with my writing therapy.  Maybe the reward for being so dedicated to the success of our clients isn’t gratitude, but rather success - since it’s clear we are and remain successful and by far the dominate company putting out neat homes all over the Catskills.  So maybe what’s going on here is my wish for appreciation for what I know is an outstanding effort is better just measured in my own wealth building and lifestyle, and that of my team.

It wasn’t that long ago, I’d say 5 years max, that most of our clients far exceeded me in net worth, but somewhere along the line, that has reversed.  I’m sure my accumulated assets of cash, investments, real estate etc… now dwarfs most of our clients, but what will always be true is I’m a pretty grateful person because of it - I’ve seen the effort I’ve made, inch by inch, day by day, year by year to accumulate generational wealth, and I’m appreciative of the people who participated in that journey.  Truly, I get their help in it, I appreciate their help in it, I’m grateful for their help. And I know my efforts changed their lives too.

New Ranch

Mind you, a lot of people I work with - mason, excavators, spray foam installers, tile sales people - are rich, multimillionaires who are experts at their craft and earned every penny. Some of these guys make serious bang - I wouldn't be surprised if my mason makes $3m a year. That's topping most NYC professionals, even in lucrative fields like banking, with much lower cost of living up here. It's weird that the tradesmen are out-earning the clients but that's the case, and also the case for the non-debt non-college route (at least, non-debt college route). You can get a big jump on life if you don't waste 4 or 5 years at a lifestyle college learning how to sit at a desk.

What’s also true is that I’m from a blue collar background so the men and women putting in the work here are not invisible to me - but fully recognized for their efforts, for their talents and for their true dedication.  Many of my relationships are hundreds of houses old now, some stemming back 15 years.  The problems we have solved together are countless, the seriousness of the problems we have found solutions to are mind-boggling.  The bridge my company spans is that of synthesizing the communication talents or lack of with a wide variety of goals from each party, and finding ways to satisfy, engage, compensate to keep this thing rolling.  I guess the dirty little secret is my relationships with my large team of professionals and tradesmen, and long tear-filled journey we have walked together, is a lot more important to me than that of my clients - not that my clients aren’t amazing people who have every right to have their expectations met, it’s just that my fellow colleagues in the industry and I have walked in the same shoes and have unspoken appreciation for what we all go through each day.

Custom House in Forestburgh

This isn’t fair the vast majority of our clients, but it’s true enough that I don’t think one of my goals is to have my son enter this highly profitable and enviously positioned organization that he could do quite a bit with - why would I want him to engage a position with so little positive and earned gratitude?  I’m actually not blaming anyone - it is what it is- I will continue to recognize and thank the smallest effort made on my behalf, and I think, if I look around, the less I personally get it, the more I give it - and it seems like that is a remedy that works.

It’s a bright sunny Sunday, and in my inbox lies an unending stream of requests, some reasonable some not, each and everyone I know are grenades of varying intensity, never really knowing what explosive result awaits us as we tackle 98% perfectly and can’t do anything about the 2%.  I feel like Jeremiah Johnson, with the constant sneak attacks from the natives up in the Montana highlands.

This blog post was written over 2 weeks - in varying degree of pain, with varying degrees of discomfort, with varying degrees of optimism. What is very true, is that it is just a brief moment in time, capturing my perspective for that brief moment, and is probably as much wrong as right. What is also true - what is paramountly true - is our client list is one of the most dynamic, robust, diverse, interesting group of people ever assembled under one brand - that I know to be true. And as I've said many times, my biggest regret of this journey thus far is being too busy to develop deeper more personal relationships with these amazing people

Well, let's be honest - that's only partly true, since every time I try, we end up discussing why the hot water doesn't get the to master bath quick enough, or why the fireplace smokes, or the alignment of the kitchen cabinet, or the size of gaps in between the boards of the wood floor!!!!

I mean, my legacy will dot the Catskills landscape for centuries, and hopefully our aesthetic and style stands the test of time, which I think it will, so 100 years from now, our homes are still admired for their appreciation of modesty, good design, and restraint. 300 homes, across 3 counties, sold the toughest demographic - the NYC professional.

Filming a commercial with Jeff Bank president George Kinne.

This house in North Branch just went under contract. It's a beaut.
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