{"id":37151,"date":"2021-06-03T11:03:13","date_gmt":"2021-06-03T15:03:13","guid":{"rendered":"https:\/\/blogarchive.utc.edu\/news\/?p=37151"},"modified":"2021-08-02T08:57:04","modified_gmt":"2021-08-02T12:57:04","slug":"even-before-graduation-tim-stone-has-hit-the-ground-running","status":"publish","type":"post","link":"https:\/\/blogarchive.utc.edu\/news\/2021\/06\/even-before-graduation-tim-stone-has-hit-the-ground-running\/","title":{"rendered":"Even before graduation, Tim Stone has hit the ground running"},"content":{"rendered":"<div id=\"attachment_37153\" class=\"wp-caption aligncenter\" ><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"783\" data-attachment-id=\"37153\" data-permalink=\"https:\/\/blogarchive.utc.edu\/news\/2021\/06\/even-before-graduation-tim-stone-has-hit-the-ground-running\/timothy-stone-21\/\" data-orig-file=\"https:\/\/blogarchive.utc.edu\/news\/files\/2021\/06\/Timothy-Stone-21-02.jpg\" data-orig-size=\"1200,783\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;5&quot;,&quot;credit&quot;:&quot;Angela Foster&quot;,&quot;camera&quot;:&quot;NIKON Z 6&quot;,&quot;caption&quot;:&quot;Scholarship recipient Timothy Stone stands in Fletcher Hall Tuesday, March 16, 2021.&quot;,&quot;created_timestamp&quot;:&quot;1615922109&quot;,&quot;copyright&quot;:&quot;University of Tennesee at Chattanooga&quot;,&quot;focal_length&quot;:&quot;26&quot;,&quot;iso&quot;:&quot;500&quot;,&quot;shutter_speed&quot;:&quot;0.01&quot;,&quot;title&quot;:&quot;Timothy Stone-21&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Timothy Stone-21\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;UTC junior Tim Stone is one-third owner of the Well Fund, which has purchased an apartment complex in East Ridge.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/blogarchive.utc.edu\/news\/files\/2021\/06\/Timothy-Stone-21-02-1024x668.jpg\" class=\" wp-image-37153\" src=\"https:\/\/blogarchive.utc.edu\/news\/files\/2021\/06\/Timothy-Stone-21-02.jpg\" alt=\"\" style=\"max-width: 100%;\"style=\"max-width: 100%;\" srcset=\"https:\/\/blogarchive.utc.edu\/news\/files\/2021\/06\/Timothy-Stone-21-02.jpg 1200w, https:\/\/blogarchive.utc.edu\/news\/files\/2021\/06\/Timothy-Stone-21-02-300x196.jpg 300w, https:\/\/blogarchive.utc.edu\/news\/files\/2021\/06\/Timothy-Stone-21-02-1024x668.jpg 1024w, https:\/\/blogarchive.utc.edu\/news\/files\/2021\/06\/Timothy-Stone-21-02-768x501.jpg 768w, https:\/\/blogarchive.utc.edu\/news\/files\/2021\/06\/Timothy-Stone-21-02-580x378.jpg 580w, https:\/\/blogarchive.utc.edu\/news\/files\/2021\/06\/Timothy-Stone-21-02-610x398.jpg 610w, https:\/\/blogarchive.utc.edu\/news\/files\/2021\/06\/Timothy-Stone-21-02-250x163.jpg 250w, https:\/\/blogarchive.utc.edu\/news\/files\/2021\/06\/Timothy-Stone-21-02-600x392.jpg 600w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><p class=\"wp-caption-text\">UTC junior Tim Stone is one-third owner of the Well Fund, which has purchased an apartment complex in East Ridge.<\/p><\/div>\n<p>Business has always been in Tim Stone\u2019s blood.<\/p>\n<p>When he was 17 and still in high school, he started a website that sold sneakers. He\u2019d buy them from wholesalers and outlet stores or even other online sites. He\u2019d use coupons to knock down their price when he could.<\/p>\n<p>\u201cAnything I could do to get them for a cheap price,\u00ad\u00ad\u00ad\u201d he said. \u201cI would still sell them for less than they&#8217;re worth, but where I&#8217;m making a profit,\u201d said Stone, now a junior in entrepreneurship at the University of Tennessee at Chattanooga.<\/p>\n<p>About the same time he was striving to be sneaker king, he started a real estate photography business, taking shots of homes for sale, B&amp;Bs and rental properties. When he moved from his home in Blue Ridge, Georgia, to attend UTC, he brought the business with him, finding new clients.<\/p>\n<p>Moneywise, the work helped carry him through his first two years at UTC, along with the Gary W. Rollins College of Business Rollins Scholars four-year scholarship.<\/p>\n<h4>Getting &#8216;Well&#8217;<\/h4>\n<p>About a year ago, his business savvy landed him a job with the Well Fund, brand-new real estate outfit that, in December, bought Glen Ridge, an apartment complex in East Ridge. Stone now lives in the complex. But he\u2019s more than just a resident.<\/p>\n<p>\u201cI own one-third of the company. Real estate always was my plan, and I didn&#8217;t know exactly what my path was going to be,\u201d said Stone.<\/p>\n<p>The Well Fund was launched by J.D. Frost, founder of J.D. Frost &amp; Company, a Chattanooga-based firm that offers a host of services including accounting, Internal Revenue Service compliance, consulting on financing and lending and bookkeeping. Frost is a UTC graduate, earning a bachelor\u2019s in accounting in 2004 and a master\u2019s in business administration in 2007.<\/p>\n<p>Stone had been following Frost on Instagram before he came to the College of Business to speak with students who\u2019d been chosen for Rollins Scholarships. Frost recalled that, of all the students, Stone asked the most questions.<\/p>\n<p>\u201cI like somebody who&#8217;s asking questions because they&#8217;re actually paying attention,\u201d Frost said.<\/p>\n<p>Stone\u2019s real estate plan was revving up last year when it slammed into a roadblock named COVID-19. He had an internship set up with the Erlanger Health System Real Estate Office to start in June 2020, but the job vanished after the virus hit.<\/p>\n<p>The Instagram friendship between Stone had continued after Frost\u2019s discussion at UTC. So, when the Erlanger internship disappeared, Stone contacted Frost. The timing was fortuitous because Frost had just started the Well Fund.<\/p>\n<p>\u201cI said, \u2018Hey, I&#8217;m looking for a job in real estate,\u2019\u201d Stone recalled. \u201cHe said, \u2018Well, come work for me. We&#8217;re going to start buying real estate.\u2019\u201d<\/p>\n<h4>Showing initiative<\/h4>\n<p>Frost said Stone\u2019s determination and go-getter attitude was obvious through their connection on Instagram.<\/p>\n<p>\u201cHe reached out, and he was proactive in the very beginning,\u201d Frost said.<\/p>\n<p>\u201cI just wanted to have somebody that I could just rely on, depend on. And\u2014I don&#8217;t know if \u2018trained\u2019 is the right word\u2014but sometimes in business you just want to have somebody that you can trust and that is eager and that&#8217;s a go-getter. I saw that in him just by the way that he interacted on Instagram.\u201d<\/p>\n<p>Stone now is property manager at Glen Ridge, handling the complex\u2019s day-to-day operations, which include keeping an eye on the renovation of 15 units and signing leases with new residents.<\/p>\n<p>Frost said he appreciates Stone\u2019s approach, which is a bit soft-spoken but has a core of can-do and figure-it-out.<\/p>\n<p>\u201cWhat I love about Tim is, I&#8217;ll be talking to somebody and they&#8217;re looking for a place to rent. I&#8217;ll say, \u2018Call Tim.\u2019 And the next thing I know, Tim&#8217;s gotten them to sign a lease and they&#8217;re moving in.\u201d<\/p>\n<p>And yes, as property manager, Stone deals with residents\u2019 problems when they crop up, sometimes in the middle of the night.<\/p>\n<p>\u201cUsually they\u2019re nice and most of the time they wait until the morning to call,\u201d he said.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since he was 17 and started a website to sell sneakers, Tim Stone has been involved in a business of one kind or another.<\/p>\n<p class=\"more-link-wrap\"><span><a class=\"more-link button text\" href=\"https:\/\/blogarchive.utc.edu\/news\/2021\/06\/even-before-graduation-tim-stone-has-hit-the-ground-running\/\"><span>Continue Reading <\/a><\/span><\/p>\n","protected":false},"author":1105,"featured_media":37154,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_ef_editorial_meta_date_first-draft-date":"","_ef_editorial_meta_paragraph_assignment":"","_ef_editorial_meta_checkbox_needs-photo":"","_ef_editorial_meta_number_word-count":"","_ef_editorial_meta_checkbox_slider":"","_ef_editorial_meta_checkbox_featurette":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,122496,57,8244,64,661],"tags":[117253,117252,117254],"class_list":{"0":"post-37151","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-community","8":"category-entrepreneurship","9":"category-college-of-business","10":"category-honors-and-awards","11":"category-news","12":"category-students","13":"tag-j-d-frost","14":"tag-tim-stone","15":"tag-well-fund","16":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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