In this issue > So you want your Property to be a Legacy? Plan ahead. > Broker Spotlight > Into Our Online Forest > Real Estate Showcase > Directory of PotlatchDeltic Preferred Brokers SO YOU WANT YOUR PROPERTY TO BE A LEGACY? PLAN AHEAD. Continued on page 4 Every week, our PotlatchDeltic Preferred Brokers talk to people who want to buy a recreational property that will one day be passed down to their family. So where do you start? First, “begin with the end in mind,” as motivational guru Steven Covey says. Rod Osterloh of Close-Converse, a PotlatchDeltic Preferred Broker in Brainerd, Minnesota, has worked to sell legacy properties for decades. “Know your vision of what the property is going to be after you buy it, and what it will look like when you’re not around anymore,” Rod says. “Will you want the land to be for private benefit, for public benefit, or both?” Some property owners want their property to stay in the family forever. Others will want to eventually donate the property for conservation. And sometimes, an owner wants to do both – passing along one part of the property to family while donating the rest of it. Buying a Legacy Property to leave for your family takes planning As you think about your long-term goals, Rod says, build a team of advisors, with an experienced real estate professional working with such experts as a lawyer, tax expert and wealth manager, depending on the situation. No matter what path you want to take with your legacy property, Rod offers these four things to think about: 1. Know how you’re going to use the property before you buy, because this will drive much of your decision-making. Are you planning to use the property for hunting? Will you be planting timber? Will it have a home or cabin? This information is important to tell your team of advisors, because it could impact everything from potential timber cash flows to how you’ll want the property to be managed. If you buy the property as a group, it’s important that everyone in the group share a similar vision for the property, reducing the possibility of disagreements in the future. Want to share your PotlatchDeltic experience with us? Take our survey now or email us. We’d love to hear from you! 1 So many ways to connect with us! IN THE NEWS Jonathan Goode Named 2018 Alabama Land Realtor of The Year Jonathan Goode, an Alabama Preferred Broker with Southeastern Land Group, was recently recognized as the 2018 Alabama Land Realtor of the Year by the Alabama Realtors Land Institute. What an honor! Congratulations to Jonathan! Jonathan Goode Southeastern Land Group Team Fall | 2018 Issue 4 - Volume 7