Lifelong friends, Ed Schmelz and Jacob Stallmann, have formed a new company, ELS Real Estate Group.
“I recently decided to do my (real estate) broker’s license in order to mainly get into third-party rental management,” says Schmelz, who Stallmann first met in elementary school. she were college roommates at the University of Missouri at Columbia. Both graduated in 2003.
Schmelz has been a licensed real estate agent for two years. He said it’s not uncommon for developers to have their own real estate license.
“We manage all our own stuff that belongs to ELS Properties. You do not need a broker license to manage your own property, but you do need one for third-party management.
“So with the really great team of people that we have here, I thought, why don’t we offer our services to other property owners?” said Schmelz.
ELS Real Estate Group will become a subsidiary of ELS Properties, a company founded by Schmelz in 2004 that currently owns and leases more than 1,300 homes, semi-detached homes and apartments in Washington, Union, Warrenton, New Haven and Linn Creek. The company also owns a number of boarding houses in Hermann.
Stallmann, who has been a real estate agent for 15 years and previously worked for Coldwell Banker, said his partnership with Schmelz “just made sense.”
In this new venture, Stallmann will continue to be able to help individual clients buy and sell properties, but he will also work to assist Schmelz in purchasing additional properties for further development, which he has done for the past decade.
“Basically, we’re expanding on what we’re already doing,” said Stallmann, who has averaged more than $12 million in real estate sales over the past three years.
Initially, ELS Real Estate Group will operate out of the ELS Properties office in Union, but will open an office in downtown Washington within the next six months, with additional offices planned for Hermann and Warrenton by the end of the year.
The offices are staffed by licensed real estate agents. In Washington, two other real estate agents – Crystal Stallmann, who has been a licensed real estate agent since 2018 and is married to Jacob Stallmann, and John Behrens, who has worked in real estate since 2006 – join the Jacob Stallmann Real Estate Group, a subsidiary of ELS Real Estate Group . Four other real estate agents are already working for the ELS Real Estate Group office in Union.
Stallmann said he would like to see several new agents join his real estate group.
While details of the Washington office will be announced later, locations for the ELS Real Estate Group office at Hermann, 800 Market Street have been finalized. The Warrenton office will be built on a lot adjacent to the Crider Health Center.
As ELS Properties grows into property management and the third-party real estate space, Schmelz said his company is always on the lookout for real estate development opportunities. The Company is nearing completion of Hummingbird Heights in Union and this year will begin construction of Country Club Estates, a 200+ unit gated community south of Washington that will be built for people aged 55 and over.
“We are always in growth mode,” said Schmelz. “We are always looking for new projects, new markets.”
source https://www.bisayanews.com/2022/01/19/schmelz-stallmann-announce-launch-of-els-real-estate-group-local-news/
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