Mosholder Realty celebrates 50th anniversary in Tallmadge

by Holly Schoenstein | reporter Published:

Tallmadge -- Mosholder Realty Inc. is celebrating half of a decade in business this month.

President Bill Mosholder said the company has yet to decide how it will commemorate the anniversary, but he's thinking an informal get-together for employees, agents and clients might be in order.

Bill's father, Joe, who founded the company in 1962 while working as a part-time agent, left his good paying job with benefits at a rubber factory to do real estate full-time.

After several months, Joe's wife, Doris, joined as a secretary, and later become one of the top-producing real estate agents in the area, Bill said.

Today, Mosholder Realty is located at 10 Northwest Ave., Suite 100.

Bill, a 1975 graduate of Tallmadge High School who still lives in the city, said the years have gone by quickly, and he hadn't thought about the company being in business for 50 years until recently.

"I'm very proud that my parents kicked [off the business], and I didn't have to read a bunch of books about how to succeed. I got to see it -- the work ethic, the discipline, dealing with good times, bad times. You get to witness that, which is good," he said.

Bill obtained his real estate license while he was studying accounting at the University of Mount Union in Alliance and joined the business part-time in 1976. Three years later, he became a full-time agent and then in 1981, he obtained a broker's license.

While he was working in real estate, Bill became involved with the new construction side of the business, Homes by Mosholder Inc., in 1983. The company also does home renovations.

Bill's wife was involved with the construction arm of the business in the early 1980s, but after the couple's twins, now 18 years old, were born, she stayed at home to care for them and their sons, Dan and Steve, who were 15 and 14 years old at the time.

Joe died in 1987 at the age of 53. Doris, 80, lives in Florida.

Today, the agency has two full-time employees and one part-time employee and more than 20 real estate agents that are independent contractors. The agency focuses on serving residential and commercial real estate clients in Summit, Portage and Stark counties.

Dan and Steve are now with the company and work as a team with buyers and sellers. Dan, a 2001 THS graduate, received his real estate license in 2004 and worked as a part-time agent until he graduated with a bachelor's degree in exercise science from Kent State University in 2005.

Steve earned his real estate license when he graduated from high school in 2002, and he sold real estate while he was home on summer breaks from college. When he graduated from Miami University in Oxford with a bachelor's degree in business management in 2006, he joined the business full time as an agent.

Steve also has his broker's license, and Dan is involved with the construction side of the business by working with clients who are building homes.

The pair also buys, renovates and manages rental properties, and other agents in the office manage rental properties that private parties or other businesses own.

The brothers still live in Tallmadge, and both are married with young children.

an eye on the future

Bill said he'd like to pass on the family businesses to his sons once he retires as they've demonstrated they have a passion for the business and are good at what they do.

"They're already earning that now. We're on a game plan to do that. Hopefully, they'll be able to afford my consulting fee when I retire," he joked. "It's a natural progression. They've learned so much, so fast, and they're so involved in the day-to-day operations of everything we do."

Bill plans to maintain his broker's license and still be involved with the business after he retires.

"It's always nice to keep it going. It seems that the third generation is always tough to get to," Dan said.

Steve said he and his brother haven't felt the slightest bit of pressure to join or continue in the family business.

"We're driven not because of pressure from Grandma or from Dad, but more so because that's how we're wired. We're competitive people," Steve said.

Contact this reporter at 330-541-9428 or hschoenstein@recordpub.com

Facebook: Holly Schoenstein, Record Publishing Co.

Twitter: @SchoensteinH

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