Tech Nest: The Proptech Podcast

CREXi is the commercial real estate industry's fastest-growing marketplace, data, and technology platform.

Connect with Matt on LinkedInhttps://www.linkedin.com/in/matthew-cors-423a15b
Follow CREXi on Twitter: https://twitter.com/CREXinc
Visit CREXi online: https://www.crexi.com

Doorkee is a peer-to-peer apartment rental platform where Landlords, Departing Tenants, and Apartment Seekers work together.

Landlords pre-lease units, saving money on vacancy, broker fees, and marketing costs. Departing Tenants earn a rent refund of ~$1,000 by giving early notice and providing apartment tours.

Apartment Seekers find their perfect home months sooner than ever, searching, touring, applying and closing on an all-in-one platform - without every paying a broker fee.

Email John at: [email protected]
Connect with John on LinkedIn: https://www.linkedin.com/in/johnjamesfagan
Visit Doorkee online: https://doorkee.com

Rob Chesnut is the Chief Ethics Officer of Airbnb, Inc., a role he took on in late 2019 after almost four years as Airbnb’s General Counsel. Rob is a graduate of Harvard Law School and the University of Virginia.  He worked for 14 years with the U.S. Justice Department, where he prosecuted bank robberies, kidnappings, murder, and espionage cases, including the prosecution of CIA employee Aldrich Ames. He joined eBay in 1999 as its third lawyer, where he led eBay’s North America legal team and later founded the Internet’s first ecommerce person to person Trust and Safety operation. Rob subsequently spent nearly 6 years as the General Counsel and first attorney at digital education leader Chegg, where he helped take the company public in 2013. He joined Airbnb in 2016, where he grew the legal team from 30 to over 150 legal professionals in 20 offices around the world. His team led initiatives to promote home sharing and address regulatory issues with local governments and landlords around the world. Rob developed a popular interactive employee program, Integrity Belongs Here, to help drive ethics throughout the culture at the company. His book “Intentional Integrity: How Smart Companies Can Lead an Ethical Revolution” is set for publication by St Martin’s Press in the spring of 2020. Rob works with companies to help them develop strategies to drive integrity into their culture. He lives in San Francisco, CA, and can be reached at www.intentionalintegrity.com 

Connect with Rob on LinkedIn: https://www.linkedin.com/in/robchesnut
Visit the Intentional Integrity website: https://www.intentionalintegrity.com

Hannah Gorlick is the CEO and Co-Founder of Doorside, a software company providing custom marketplace apps for the real estate vertical. Dooride's platform solutions empower real estate brokerages with recruiting and virtual team-building; property managers with on-demand tours; and service-based businesses with a marketplace engine.

Connect with Hannah on LinkedIn: https://www.linkedin.com/in/hannahgorlick
Follow Doorside on Twitter: https://twitter.com/getdoorside
Visit Doorside Online: https://www.getdoorside.com

New York-based next generation real estate technology and brokerage firm NestApple (www.nestapple.com) is offering home buyers the opportunity to earn a 2% rebate check of the sale price.

NestApple founders, Georges and Nicole Fishman Benoliel are long-time real estate investors in New York City. After going through the lengthy and costly process several times, they grew increasingly uneasy about the outdated system. While most segments of the economy have evolved due to innovation, real estate still operates in an antiquated manner which dates back from the 1980s. While websites like Streeteasy or Trulia make it easier than ever to search for homes and find comps, nothing has changed in the way people buy and sell real estate.

In an increasingly transparent market, there is less value in what traditional brokers offer. “The market has never been so transparent”, says Georges Benoliel, “all the information is available online, two clicks are all it takes to know what your neighbor paid for his apartment or whether he took a mortgage”. “The role of realtors needs to evolve and adapt” adds Nicole. While searching for ways to bypass the system, Georges and Nicole stumbled upon the concept of commission rebates which are legal in 40 States according to the Department of Justice and have in fact been publicly encouraged by New York’s Attorney General.

Real estate fees are too high

Real estate fees in the U.S. and New York especially are considerably higher than in Europe and represent 5 to 6% of the sale price. This percentage is then split evenly between the seller’s agent and the buyer’s agent (2.5% to 3% for each), if not, seller’s agent receives the entire commission. NestApple is listening to the market. While some brokers sometimes give small discounts, a vast majority of them will not decrease their commission structure. NestApple pays back 2% to the buyer at closing which averages $22,000.

Email Georges at: [email protected]
Connect with Georges on LinkedIn: https://www.linkedin.com/in/georges-benoliel-01b324/
Follow NestApple on Twitter: https://twitter.com/nestappleRE
Check out NestApple online: http://www.nestapple.com

DigiBuild is a construction management and business intelligence software utilizing blockchain technology to provide solutions to the construction industry. Their CEO, Robert Salvador, is an accomplished entrepreneur in the real estate and construction industry with experience as a contractor, technologist, and consultant.

Email Robert at: [email protected]
Connect with Robert on LinkedIn: https://www.linkedin.com/in/robert-salvador-7a72aa91
Check out DigiBuild at: https://digibuild.com

I like adventures. I'm currently building Till, whose mission is to develop personalized financial experiences for renters to transform the way they pay and stay in the home; GooD, a housing fund; and a family with my wife and three kids. Previously, I was the COO of The American Home, one of the first SFR funds which we sold to Silverbay.

Connect with David on LinkedIn - https://www.linkedin.com/in/davidsullivantill
Follow David on Twitter - https://twitter.com/goodfundz
Check out Till - https://hellotill.com

Curbio allows homeowners to flip their own homes with our turnkey pre-sale renovations. Curbio's turnkey solution eliminates the stress, hassles, and upfront costs of renovations.

Connect with Rikki on LinkedIn - https://www.linkedin.com/in/rikkithompsonrogers
Follow Rikki on Twitter - https://twitter.com/msrikkirogers
Follow Curbio on Twitter - https://twitter.com/CurbioHQ
Visit Curbio's Website - https://www.curbio.com

Bio:
Drew began his career in real estate at Tungsten Partners, a real estate private equity firm, where he sourced, evaluated, structured, and facilitated real estate investments. Assessing risk and analyzing the financial and strategic viability of investment opportunities, Drew helped source, scrutinize, appraise, and model the risk, potential value, and strategic viability for real estate investments in markets including New York City, Miami, San Francisco, Marfa, Madrid, and Venice, amounting to over $1 billion in assets. He also assisted in the management and support of Tungsten’s high net worth clients. Prior to LEX, Drew co-owned, developed, and sold an apparel consumer brand after working on Capitol Hill.

Company Overview:
LEX is the first and only commercial real estate securities marketplace available to accredited and non-accredited investors.

On LEX’s platform, everyday Americans can buy and sell shares of individual commercial properties, giving users the flexibility to create customized and diversified real estate portfolios. In addition, the groundbreaking marketplace will allow property owners to easily unlock equity while retaining operational control of their properties. LEX is democratizing the commercial real estate asset class and redefining real estate investing.

Visit LEX - https://www.lex-markets.com
Follow LEX on Twitter - https://twitter.com/LEX_Markets
Follow Drew on Twitter - https://twitter.com/SterrettDrew
Connected with Drew on LinkedIn - https://www.linkedin.com/in/drew-sterrett