Around the 4 min mark about residential real estate x signing lease process -- the modern solution exists, it's called Belong. We just had the most seamless & modern experience renting out our next home in Seattle! Love this video Garry! Great reminder that there is still so much work to do (esp in other industries) to use great software to solve the problem of digitizing archaic processes.
good stuff, i wonder why it got such small number of views? I am real estate investor with a computer science background. I think there is immense potential for tech to make real estate business predictable, efficient, and even more lucrative.
My daughter is not going to believe we used to make a phone call, a realtor would show up to your house, sit down at your coffee table and flip through a listing presentation binder, and charge forty two thousand dollars. The future of real estate does not involve realtors. But iBuyers will not be mainstream because there aren’t enough people willing to accept their unfair terms. People generally want to get every drop of equity out of their property. Opendoor, offerpad lose profits when they offer fair market value, they lose demand when they don’t. The future of real estate will be buyers and sellers creating the supply on their own and transacting directly. Gen Z buyers will download keys to their phone, gen z sellers will have push button listing publishing tech. The MLS will lose relevance.
Garry, wonderful content. I’m an SBA lending Operations Manager for a community bank in Texas. There is a great need for user friendly-software to bridge the gap between banks and the SBA approval process on commercial real estate loans. It is a quite tedious and painful process with many specific commercial / government requirements to be met. Software does exist but is hardly efficient for this specific type of lending. I am interested in finding a software engineer to begin a start up in the near future to fill the gaps and streamline this process. I believe there is a great opportunity for improving the process and changing the industry. I would love to be connected with someone who would be willing to invest in such a program.
Hey KC, I was running my own fintech startup for some time but was not able to find PMF. Right now looking for new opportunities in different fields, let me know if we can connect and discuss your vision.
The winner in all these will be one that can eliminate all the middle man transactions or consolidate them and offer a one click buy and move in platform for Home buyers or renters. These will be NVI (Native Vertically Integrated) Companies. Companies who own the entire real estate development process from land sourcing, purchase or lease, development, construction, to sale, operation and management all under one platform offering customers products that are uniquely integrated. And this is what we are building at Blaze Inc for the next generation of African cities.
Hi Gary, love the videos! Any chance you'll soon have Eric, Richerd, and/or Wilkins from Manifold on your channel? I am particularly interested in learning how two smart contracts could be used together to enable or create an NFT that reacts or is responsive to real time events (e g. the weather) or data generated from third parties (e.g. wearables that track physical activity; lab results from blood samples).
Awesome video, would love to see recent examples of marrying technology and real estate. Cars are moving into the digital era with Tesla. it’s time for REAL ESTATE to do the same!
With population decline across the world how will real estate continue to be profitable? Less families, more homes, etc. I’ve read that luxury homes will likely skyrocket in value in this scenario but middle and low end homes will drop in price dramatically.
I can't tell you how lovely it was to hear you and Brendan talking about how much potential startups in real estate have. I'm fiddling around with a potential real estate product now and have had SO many people tell me that it's too crowded of a market to want to compete in, so this was a welcome change. You asked what we would like to see more of: more videos about different VC's like this would be cool in addition to focusing on trends in different industries. I also really liked the videos you put together on your different portfolio companies and would love seeing more of those (though obviously, that's not necessarily an infinite supply of videos!). Thanks for sharing and officially following Fifth Wall now! Fingers crossed I can get a meeting with them once I start pitching VC's in a few months! ❤
yea totally agree bro, currently many many renowned cities still using archaic process for buying and selling properties. I recently sold my condo in Singapore and a lot of paper works still sending back and forth using email, WhatsApp or need to go to the lawyer firm to sign papers too. Mistakes still happen even they have been doing this for years!
what's prop tech doing for the real estate development process? I watched the entire video, it appears most of the techs right now are focused on end users. how can prop tech help developers find built able lands? how can prop tech gives advice to developers on how much money they should pay for a specific piece of land based on AI algorithm or big data? how can prop tech help development for the whole construction process? securing land and building construction are the two most expensive processes of building any building. i work in the residential development industry our company built large residential complexes, land purchase and construction hard cost usually represent 70% of the total development cost. and these costs all translate into rents or sales prices.
Do you think residential real estate will be impacted along with commercial real estate with this metaverse bubble. What do you mean by both getting integrated in the long run.
@supriya manna You seem to already have the answer. You've just opened my mind to a whole new thought. I see many real properties will eventually have to buy up their space on Metaverse, and design to host virtual engagements. Secured halls and conference rooms will eventually be designed also to host confidential meetings etc. Thank you.
Amazing video on PropTech industry Garry! Love your energy and a big fan of your channel. Thank you for adding chapters because very few channels add chapters, considering the time and effort involved in creating them especially with timestamps. It is really helping me navigate through your videos. We are ChapterMe, early stage startup building an AI tool that helps you by automatically generating timestamped chapters that you can easily add to your UA-cam video description. We've made it dead simple to use ChapterMe and it takes less than 5 mins to create timestamped chapters for a 60 min video! This saves a lot of time, money, and effort for you and your team. We currently create timestamped chapters for UA-cam channels such as Y Combinator and Exponent who not only grew from 2K to 100k+ in less than 6 months but we saved them 100's of hours in the process! If you are interested let us know. We can get automated chapters up and running for all your videos in less than 10 minutes!
Gary, I'm a huge fan of your channel and love watching all your videos on entrepreneurship. I am also an avid real estate investment fan. I strongly believe that RE is poised to be disrupted by tech advancement but one thing that is different from other products and services, at least on the residential side of RE, is the importance of long-held beliefs about RE as a unique product for the buyer. What I mean by that is that value is not driven solely by the availability of homes and quality of construction, but primarily by the assessment made by home buyers about the community in which their home is located. How can prop-tech companies help with individualizing the home buying process for each home buyer and providing them the right information about the communities that they are interested in ?
Thanks for having me on @Garry Tan - for anyone interested in more PropTech content / videos / interviews check out our UA-cam: ua-cam.com/users/FifthWallvideos
Massive, fragmented industry with low NPS = huge opportunity for Fifth Wall! Brendan seems to have a great eye for spotting opportunities that others gloss over.
@@JohnSmith-pw3yw You’re stuck in the past 😂😬 you sound like every idiot in the past that said about internet and What it brought to its current value .You should do your research into blockchain before you type on internet.
That was another Gem from the Garry Tan Collection! Hey Garry i know your a busy man. Maybe someone could suggest a way to create software for consumers to use to take them from Beef Cow to plate and give them a chance to ride alongside from the begining ; eg while the cow is growing and then fattening, and vote for Regenerative Beef with their dollars. Rewarded with heavily discounted top quality meat in bulk packs which are prepurchased.
Great video. Besides the market size, we spend 90% of our time indoors, thus buildings have a huge impact on our lives. This is why Clairify helps asset managers with software and IoT to make buildings healthy, smart and perform better.
Around the 4 min mark about residential real estate x signing lease process -- the modern solution exists, it's called Belong. We just had the most seamless & modern experience renting out our next home in Seattle!
Love this video Garry! Great reminder that there is still so much work to do (esp in other industries) to use great software to solve the problem of digitizing archaic processes.
I work at a real estate prop tech startup , nice to see some excitement in the space
Awesome.
I do prop tech writing. Would you mind sharing your LinkedIn so we can connect?
good stuff, i wonder why it got such small number of views? I am real estate investor with a computer science background. I think there is immense potential for tech to make real estate business predictable, efficient, and even more lucrative.
My daughter is not going to believe we used to make a phone call, a realtor would show up to your house, sit down at your coffee table and flip through a listing presentation binder, and charge forty two thousand dollars.
The future of real estate does not involve realtors. But iBuyers will not be mainstream because there aren’t enough people willing to accept their unfair terms. People generally want to get every drop of equity out of their property. Opendoor, offerpad lose profits when they offer fair market value, they lose demand when they don’t.
The future of real estate will be buyers and sellers creating the supply on their own and transacting directly.
Gen Z buyers will download keys to their phone, gen z sellers will have push button listing publishing tech. The MLS will lose relevance.
I’m building a prop-tech product and loved this. So inspiring!
Garry, wonderful content.
I’m an SBA lending Operations Manager for a community bank in Texas. There is a great need for user friendly-software to bridge the gap between banks and the SBA approval process on commercial real estate loans. It is a quite tedious and painful process with many specific commercial / government requirements to be met. Software does exist but is hardly efficient for this specific type of lending. I am interested in finding a software engineer to begin a start up in the near future to fill the gaps and streamline this process. I believe there is a great opportunity for improving the process and changing the industry. I would love to be connected with someone who would be willing to invest in such a program.
Hey KC, I was running my own fintech startup for some time but was not able to find PMF. Right now looking for new opportunities in different fields, let me know if we can connect and discuss your vision.
Love your content brother 👍🏾 quality video
The winner in all these will be one that can eliminate all the middle man transactions or consolidate them and offer a one click buy and move in platform for Home buyers or renters. These will be NVI (Native Vertically Integrated) Companies. Companies who own the entire real estate development process from land sourcing, purchase or lease, development, construction, to sale, operation and management all under one platform offering customers products that are uniquely integrated. And this is what we are building at Blaze Inc for the next generation of African cities.
Hmm
Interesting takes! Where do you see the biggest opportunity for Canada is in the tech space?
For sure, investors have been, are and will continue to make the world a better place.
Hi Gary, love the videos! Any chance you'll soon have Eric, Richerd, and/or Wilkins from Manifold on your channel?
I am particularly interested in learning how two smart contracts could be used together to enable or create an NFT that reacts or is responsive to real time events (e g. the weather) or data generated from third parties (e.g. wearables that track physical activity; lab results from blood samples).
ua-cam.com/video/ibAmfhumBBQ/v-deo.html&ab_channel=GarryTan
Eric was on!
@@GarryTan thank you! 👍🏽👍🏽
Great chat!
Awesome video, would love to see recent examples of marrying technology and real estate. Cars are moving into the digital era with Tesla. it’s time for REAL ESTATE to do the same!
With population decline across the world how will real estate continue to be profitable? Less families, more homes, etc. I’ve read that luxury homes will likely skyrocket in value in this scenario but middle and low end homes will drop in price dramatically.
I can't tell you how lovely it was to hear you and Brendan talking about how much potential startups in real estate have. I'm fiddling around with a potential real estate product now and have had SO many people tell me that it's too crowded of a market to want to compete in, so this was a welcome change. You asked what we would like to see more of: more videos about different VC's like this would be cool in addition to focusing on trends in different industries. I also really liked the videos you put together on your different portfolio companies and would love seeing more of those (though obviously, that's not necessarily an infinite supply of videos!). Thanks for sharing and officially following Fifth Wall now! Fingers crossed I can get a meeting with them once I start pitching VC's in a few months! ❤
Proptech Revolution 🚀
Garry Tan what do you think revolutionary beside tech?
Fourthwall then Fifthwall, Great video as always.
terrific stuff.
yea totally agree bro, currently many many renowned cities still using archaic process for buying and selling properties. I recently sold my condo in Singapore and a lot of paper works still sending back and forth using email, WhatsApp or need to go to the lawyer firm to sign papers too. Mistakes still happen even they have been doing this for years!
Interesting!!!!
What about tokenisation of real estate?
Garry ,your colour grading is so much better!
Is youtube shadow banning you? Your last couple of videos haven't shown up on my feed
I am working on something very similar and looking for funding.
Love it
Large but unless you get robots you will need people to make a building work! There are of course many front of house processes that can be digitized.
Thank you for the content!
The core innovation is 3D Printing and modular house building. Others are just tiny.
How much will opendoor be worth in 2030?
2 bucks
Great content! Thanks so much!
@garrytan Gary, I'd love to bring you in for interview on my real estate channel. What's the best way to reach you?
what's prop tech doing for the real estate development process? I watched the entire video, it appears most of the techs right now are focused on end users. how can prop tech help developers find built able lands? how can prop tech gives advice to developers on how much money they should pay for a specific piece of land based on AI algorithm or big data? how can prop tech help development for the whole construction process? securing land and building construction are the two most expensive processes of building any building. i work in the residential development industry our company built large residential complexes, land purchase and construction hard cost usually represent 70% of the total development cost. and these costs all translate into rents or sales prices.
Prop tech is the way
A short video on Evan Walker, the co-founder and CEO of Route would be pretty interesting. Route seems to have broken a few of Slack's growth records.
Do you think the bubble of metaverse will impact the real estate markets in short term? Or they are going to get integrated in long run
Do you think residential real estate will be impacted along with commercial real estate with this metaverse bubble. What do you mean by both getting integrated in the long run.
@@suhasshetty6607 It is like real estate will be using metaverse as adverting, holding digital ownership of remote real estate and things.
@supriya manna You seem to already have the answer. You've just opened my mind to a whole new thought. I see many real properties will eventually have to buy up their space on Metaverse, and design to host virtual engagements.
Secured halls and conference rooms will eventually be designed also to host confidential meetings etc.
Thank you.
Amazing video on PropTech industry Garry! Love your energy and a big fan of your channel.
Thank you for adding chapters because very few channels add chapters, considering the time and effort involved in creating them especially with timestamps. It is really helping me navigate through your videos. We are ChapterMe, early stage startup building an AI tool that helps you by automatically generating timestamped chapters that you can easily add to your UA-cam video description. We've made it dead simple to use ChapterMe and it takes less than 5 mins to create timestamped chapters for a 60 min video! This saves a lot of time, money, and effort for you and your team.
We currently create timestamped chapters for UA-cam channels such as Y Combinator and Exponent who not only grew from 2K to 100k+ in less than 6 months but we saved them 100's of hours in the process!
If you are interested let us know. We can get automated chapters up and running for all your videos in less than 10 minutes!
Who is interested in the Real Estate industry or design??✅
Thanks a lot for awesome content, great insights!
I learn a lot from your channel, Garry. Thanks again for what you do.
Salaamu alaikum abdul salam, allahuma barik you have a nice name, wish you the best in life.
@@drgoosewayne3323 wa alaikumussalaam. thanks. you too.
Awesome channel 😎!!
There is a lot of opportunity out there but a question is if any of them will get to scale profitably. Let’s see!
Interesting, how do you see this integrating with Ethereum and everything they are doing?
Look into Asset Tokenization in the Real Estate..
Gary, I'm a huge fan of your channel and love watching all your videos on entrepreneurship. I am also an avid real estate investment fan. I strongly believe that RE is poised to be disrupted by tech advancement but one thing that is different from other products and services, at least on the residential side of RE, is the importance of long-held beliefs about RE as a unique product for the buyer. What I mean by that is that value is not driven solely by the availability of homes and quality of construction, but primarily by the assessment made by home buyers about the community in which their home is located. How can prop-tech companies help with individualizing the home buying process for each home buyer and providing them the right information about the communities that they are interested in ?
What kind of information you look at the right information
Thanks for having me on @Garry Tan - for anyone interested in more PropTech content / videos / interviews check out our UA-cam: ua-cam.com/users/FifthWallvideos
Good stuff. The material connection between it and the ethereal may still require a facilitating human touch.
Massive, fragmented industry with low NPS = huge opportunity for Fifth Wall! Brendan seems to have a great eye for spotting opportunities that others gloss over.
Opendoor...ouch.
Thats amazing, I was just about to make a site like blend. I’m still going for it!
Hey, if you're serious about building a blend, would love to chat, been working on a startup in this space too.
I see Gary post, I like.
It’s time that blockchain can just take over draw up a smart contract take out intermediaries and go peer to peer.
No way you can replace conveyancing solicitors
@@JohnSmith-pw3yw You’re stuck in the past 😂😬 you sound like every idiot in the past that said about internet and What it brought to its current value .You should do your research into blockchain before you type on internet.
You know what would turn real estate on its head is affordable housing, I'm very interested in all this tiny home stuff that's brewing
That was another Gem from the Garry Tan Collection!
Hey Garry i know your a busy man. Maybe someone could suggest a way to create software for consumers to use to take them from Beef Cow to plate and give them a chance to ride alongside from the begining ; eg while the cow is growing and then fattening, and vote for Regenerative Beef with their dollars. Rewarded with heavily discounted top quality meat in bulk packs which are prepurchased.
Future of Real Estate is my company lol All the best for your portfolio, competing against mine 😎
Proptech is an area I want to focus on
Real estate disruption is coming
Great video. Besides the market size, we spend 90% of our time indoors, thus buildings have a huge impact on our lives. This is why Clairify helps asset managers with software and IoT to make buildings healthy, smart and perform better.