Ryan Serhant Explains How ‘Owning Manhattan’ Is More About Real Estate and Less About Catfights

Followers of Million Dollar Listing: New York beloved the formidable younger actual property agent Ryan Serhant. For years, Bravo viewers have been watching him develop his enterprise, open his personal brokerage, get married, and have a baby. Now, after a protracted hiatus and ten profitable seasons on Million Greenback Itemizing, and one season on Sell It Like Serhant, Serhant is again along with his personal reality series present on Netflix: Proudly owning Manhattan.

In some ways, it would remind you of his earlier present and different actual property actuality reveals – and there are such a lot of of them – however this one is extra about actual property and fewer about catfights. The present is filmed in Soho, at Serhant’s workplaces, and round New York, providing you with a glance into a number of the most beautiful actual property within the metropolis, what it’s prefer to be an agent, and the good payout for those who make it on this enterprise.

Collider sat down with Serhant for an interview in a $58M Bel Air mansion with a wide ranging view of town forward of the present premiering its first season on Netflix.

Ryan Serhant Is Excited to Showcase His Particular person Expertise on ‘Proudly owning Manhattan’

Collider: I have been watching Million Greenback Itemizing for the reason that starting. You had been solely 24 once you began…

Ryan Serhant: I used to be, not anymore.

Collider: Now that you’ve your personal present, once you have a look at different brokers do they remind you of your self?

RS: You realize there is a second in filming this present, which was a really surreal expertise for me, as a result of I do not suppose we ever really become old on the within. I feel our backs simply begin hurting, and our hair simply will get grey. We had an open home, a $20 million penthouse. Considered one of my brokers who did not get the itemizing reveals up and it’s all stay. Like we’re filming issues as they occur. [They] present up with an excellent soaker water gun to a dealer’s open home, jumps within the pool after which begins spraying everybody with water. For a break up second, I noticed myself, as a result of I’ve achieved that earlier than, however a very long time in the past, however I did not deliver an excellent soaker. And so, watching these brokers function at the moment, having grown up with me, it is so outer physique.

I imply folks inform me all day, on a regular basis, ‘Hey I grew up watching you with my mother, I grew up watching you with my dad’. I obtained into actual property due to you, so to now have those self same brokers now work with me, work for me and to be on a TV present with me, it is prefer it’s very bizarre.

Collider: And that was precisely my subsequent query. Do you’ve got many individuals method you and inform you; due to you we obtained into this enterprise? Lots of people watching Million Greenback Itemizing wish to get into this enterprise, however It is actually arduous.

RS: Sure, it’s very arduous and one of many issues I really like about Proudly owning Manhattan and Netflix is how sensible this present is. Like it’s a actual depiction of what it is like to purchase and promote extremely costly houses in New York Metropolis, with very particular clientele. And also you get to look at that deal course of by way of and thru. One thing sells, one thing don’t, some folks lose cash, some folks earn cash, some individuals are in a position to earn commissions and keep in New York Metropolis different folks, you may see, do not make it. The solid that begins the present – and I did not plan it this fashion, simply occurred – will not be the solid that ends the present. You realize not all people makes it, it is a robust enterprise and I feel I’m a good CEO, however I’m undoubtedly demanding and I am not for everyone.

Actual Property Brokers In New York’s Wage Is not What You Assume

Collider: Are you able to inform who’s going to make it, and who’s going to give up as a result of it is too tough?

RS: I feel folks must watch it I do not suppose it is that apparent originally, however New York Metropolis is a strain cooker in and of itself. Simply residing in New York Metropolis, you reside in a microwave of stress. You then add on a Fee gross sales job, with no base salaries, no advantages, taxi cabs, delayed trains. You realize, 20 hours a day at work and that strain cooker, that microwave turns into like a full-blown oven. And also you watch all of that. And I feel it will be attention-grabbing for folks to essentially see what it is like to essentially make it or not make it in New York Metropolis.

Collider: Considered one of your brokers, I consider it was Jonathan, who stated that almost all brokers in New York earn about $40,000 a 12 months. Not many are making tens of millions, is that true?

RS: “t’s very true. Most actual property brokers do not make any cash. Most actual property brokers simply have your license they usually do on common, two offers a 12 months. It is really somewhat bit lower than that. Energetic brokers clearly do greater than that, however it’s arduous. You realize, you’ve got 80,000 actual property brokers in form of the larger New York Metropolis space. There’s not 80,000 houses in the marketplace, it is not 80,000 gross sales occurring yearly.

The competitors, even for those who’re nice, even for those who’re nicely networked, may be very, very, very fierce. And I feel Proudly owning Manhattan is doing a very, actually good job of form of enjoying either side. You realize, there are moments which are hilarious, like I feel for anyone that watched me on Million Greenback Itemizing New York, such as you obtained to have a humorousness. We’re promoting actual property prefer it’s gonna be OK however it’s additionally tremendous irritating on the similar time, and also you go form of again. It is like that seesaw of, ‘Wow that is actually enjoyable! to: ‘Oh my God I am unable to take it anymore! and a few brokers will make it some will not.

Collider: You actually should have nerves of metal to be on this enterprise

RS: Yeah it takes thick pores and skin.

Actual Property Is Horny to Watch

Collider: How do you cope with the stress?

RS: I do what all people else does, I comply with do a world actuality TV present and simply air all my soiled laundry to the complete universe and see what occurs. You realize, I feel that is the easiest way to cope with stress.

Collider: Once you began with ‘Million Greenback Itemizing New York’, there weren’t too many actuality reveals about actual property, and now they’ve tons of them. Why are folks so drawn to those sorts of reveals?

RS: I feel actual property is an inherently horny factor to look at. It is very visible, you recognize. Watching a TV present about day buying and selling shares is attention-grabbing, however it’s not visible. You form of should make it visible. Actual property, the visuals are already there. I imply have a look at this view we’re in a $58 million mansion proper now only for this interview, so I feel folks just like the visuals. I feel folks like seeing inside rich folks’s houses, there’s nonetheless somewhat little bit of that old-fashioned, secret lives of the wealthy and well-known after which seeing what it is prefer to work in these high-stakes, high-pressure environments like New York Metropolis, it is simply entertaining, you recognize our stress is your leisure.

Collider: Completely. What’s subsequent for you? You’ve Proudly owning Manhattan, possibly Proudly owning Savannah?

RS: Savannah Georgia? We did simply open in Savannah Georgia.

Collider: I do know, that is why I’m asking.

RS: I do not know, I do not know. I feel let’s examine the way it goes with Proudly owning Manhattan first, I am excited for the world to see it after which we’ll see what occurs. However you recognize me, growth at all times and at all times.”

Proudly owning Manhattan is Out there on Netflix. Watch the total interview with Collider above.

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