Monteiro International Realty expands its business to New York. Read this interview with Rob (the broker) and know more about the company expansion.
WHY HAS NEW YORK BEEN CHOSEN AS THE STARTING POINT FOR MONTEIRO’S EXPANSION?
Rob: New York is the heart of the world, one of the most important financial cities with a population of 8.2 million. When you think about a place to put your company’s name and expand your business there is no better place than NYC.
A LOT OF NEW YORKERS HAVE BEEN MOVING TO MIAMI LATELY. IS THE OPPOSITE ALSO HAPPENING? CLIENTS FROM MIAMI LOOKING FOR PROPERTIES IN NEW YORK?
Rob: Who doesn’t dream of owning a piece of real estate in NY City? Miami is also an international city like NY, with a huge movement number of New Yorkers coming to Miami it also opens even more possibility to offer the Home Swap, a product that now in the US, only Monteiro offers.
“When you think about a place to put your company’s name and expand your business there is no better place than NYC”
WE KNOW THAT BRAZILIANS HAVE INVESTED A LOT IN MIAMI IN RECENT YEARS AND THEY REPRESENT MANY OF YOUR CUSTOMERS, BUT WITH THE CURRENT SITUATION OF THE BRAZILIAN ECONOMY THIS INVESTMENT POWER HAS DECLINED. FIRST QUESTION: HAS THE BRAZILIAN CRISIS AFFECTED MONTEIRO? SECOND QUESTION: IS THE DECISION TO EXPAND TO NEW YORK RELATED TO THIS BRAZILIAN SITUATION?
The economic situation in Brazil is causing a positive impact in my company. Now only real buyers are coming, curious people or bargain buyers have disappeared. Developers and investors from Brazil are coming to the US where they can continue to make money and build their buildings, something that they were used to doing in the past decade when their country was booming and they were making lots of money. Now they want to continue by converting their money into US dollars and make even more money. That has made my company’s conversion margin grow enormously in the last few months causing a positive impact in our revenue. The decision to expand to NY was made thinking about growing the company’s name and its revenue and it has no relation with the actual economic situation in Brazil.
WILL MONTEIRO WORK ONLY WITHIN NYC OR NY STATEWIDE?
We are focused on NYC for now, this is our goal.
FINALLY, AFTER NEW YORK, DOES MONTEIRO ALREADY HAVE ANOTHER CITY PLANNED?
Yes, GOD certainly already knows exactly and has prepared our next destiny for Monteiro. Once God reveals his plan to us we’ll take the next step forward.