May 1A Home Equity Card in Every Wallet.In late 2017 I made a huge mistake. My wife was accepted into an accelerated nursing school program. I owned my home and the real estate market was hot. I thought the odds of it cooling down were better than half. So, I began the act of juggling opportunities and…Heloc4 min read
Mar 5Fractional Residential Real Estate Ownership: Home Equity Without a Mortgage.Jackson is a high earning 23 year old renter who is feeling the effects of the inflation. Since 1978, the cost of college tuition increased by 1,120% and housing costs have increased by 380%. Saving for a down payment and closing costs feels impossible. Cyndi is successfully self-employed but lacks…Fractional Ownership7 min read
Jan 9, 2021Real estate brokerages do not have UVPsOn a Tuesday, Mike McCann, Berkshire Hathaway’s #1 agent, can be seen in a Berkshire Facebook advertisement, enthusiastically praising the firm for its back-end support, incredible culture, etc. Next Tuesday, he is with Keller Williams.Proptech4 min read
Dec 23, 2020Why flat fee brokerages struggle1. The national presence effect No flat fee brokerage has a national presence yet. The category isn’t officially installed in the minds of consumers, they are stuck in the introductory phase, only appealing to early adopters, not the mass market. 2. Flat fee firms salary agents, traditional brokerages don’t pay…Proptech6 min read
Dec 22, 2020Realtor commissions expressed as an hourly wageI was inspired to write this after seeing this Twitter post:Real Estate5 min read
Dec 14, 2020Office space, workspace and a startup called codi.Its super cliché to refer to a startup as the Uber of this or the Airbnb of that. If you currently have or can create a shared workspace in your house or building, you can confirm appointments with people who’d like to use it on the codi platform. Although I…Codi13 min read
Dec 2, 2020Will Airbnb enter the long-term rentals space?Airbnb penetrated the short term rental space without having to hurdle over hundreds of thousands of Realtor leasing agents. There is no money in short term leases, therefore there are no middle-men flocking to it. Leasing agents don’t exist in response to a market need, consumers and homeowners are quite…Airbnb4 min read
Nov 23, 2020What the DOJ-NAR settlement means for Realtors and homeowners.If the DOJ’s timing seems curious, as their complaints around NAR’s behavior is nothing new, it is because they have been working closely with REX Real Estate council, who had been providing them with evidence of NAR’s anti-competitive practices. REX is not a member of any REALTOR association or MLS…Fintech8 min read
Nov 21, 20208 things you can accomplish in 4 years.If you’re not familiar with Jim Rohn, give him a try. Today I thought about how easy it is to feel stuck, because of how little time we feel we have left. This is simply not the case. …Self Help3 min read
Nov 20, 2020MLS’s, pocket listings, anti-trust lawsuits and proptech.I have to laugh, because as I am writing this, news has broken out that the Department of Justice is suing the National Association of Realtors over MLS related anti-competitive practices and anti-trust violations:Venture Capital9 min read
