Energizing Communities Through Innovative Real Estate

Have you ever faced a major career transition? How did you manage the challenges that came with it? Glenn and Julie welcome Doug Motley, an accomplished real estate developer and the principal of Jackalingo Asset Management. Doug's journey from the banking sector to real estate development is nothing short of inspirational. Growing up in Delaware, Doug has always been surrounded by a close-knit community, which played a role in shaping his career and entrepreneurial spirit. Doug shares his appreciation for the changing seasons and how they reflect the ebb and flow of energy in local communities—transforming winter doldrums into the bustling vibrancy of summer. He discusses his transition from a large banking institution to a smaller, more intimate real estate firm, where he taught himself financial modeling and rapidly rose to the position of CFO. Throughout the episode, Doug emphasizes the importance of agility, persistence, and community-oriented projects. From launching JLAM in 2011 to his upcoming innovative retail center project, Doug demonstrates his commitment to creating spaces that benefit both investors and local residents. The conversation touches on his unique ability to blend analytical skills with creative problem-solving, making complex real estate concepts accessible and engaging. Empowering Moments 00:00 Delaware: Tight-knit community with easy accessibility. 05:54 Shift in work culture prompted career reevaluation. 09:01 Chose between expensive colleges; opted for scholarship. 11:10 Ignored Cornell summer program for beach summer. 13:44 Option for summer internship led to job opportunities. 19:41 Dewey Beach evolved into a year-round destination. 22:00 Each season here offers unique experiences. 24:16 Transitioned to small company, learned real estate development. 29:56 Determined not to waste potential observed in others. 32:11 Unbelievable timing, challenging, but educational finance experience. 36:38 Business partners decide to scale by delegating tasks. 40:33 Past ventures caused significant mental distraction and anxiety. 42:56 Exciting walkable retail center with restaurants, parks. 48:35 Improving everything I touch for community pride. 49:25 You always strive to improve, endlessly. This episode is brought to you by PureTax, LLC. Tax preparation services without the pressure. When all you need is to get your tax return done, take the stress out of tax season by working with a firm that has simplified the process and the pricing. Find out more about how we started. Empowering Takeaways **Seasonal Energy Dynamics:** - Doug Motley appreciates how different seasons bring distinct energy levels and activities, impacting both individual motivation and business operations. **Career Transition & Adaptation:** - Doug's shift from a rigid corporate banking environment to a more casual, entrepreneurial real estate setting highlights the ability to adapt to different professional cultures and thrive. **Community-Centric Real Estate:** - Doug emphasizes developing real estate projects that benefit the community, focusing on integrating transportation links and enriching undersupplied commercial areas. **Self-Taught Expertise:** - Faced with a lack of immediate supervision, Doug self-taught financial modeling and planning, proving the importance of self-initiative in skill acquisition and career advancement. **Persistence Against Failure:** - Doug’s approach to viewing failure as iterative learning rather than a dead end underscores the significance of persistence and...