Welcome back to another episode of the Richer Geek podcast today. We have Kyle Stoner, he's an experienced entrepreneur with a proven background in building and leading high-performing cross-functional teams. In 2018 he launched Adobe Technologies, IT Technologies DBA, and unrealestate.com. That's what we're going to focus on. It's an end-to-end online real estate marketplace.

 

In this episode, we’re discussing…

•        [1:21] Kyle's Background and Journey

Kyle shares his background as an automotive engineer, Wall Street experience, and transition to entrepreneurship.

Co-founded three companies, including Pangea Money Transfer and Alpha Lead.

Recognition of the need for a dedicated platform in the real estate market.

 

•        [3:51] Unreal Estate Platform

Overview of unreal estate.com as an end-to-end online real estate marketplace.

Flat fee structure, online listings in less than 15 minutes, and licensed nationwide.

Comparison with competitors, highlighting flat fees and integrated services.

Efficiencies and productivity gains through remote agents and automation.

Discussion on partnering with local agents and technology for showings.

•        [10:46] Efficiency and Productivity

Increased productivity of agents on unrealestate.com compared to traditional real estate agents.

Appeal to investors, private equity firms, and individuals due to lower fees and streamlined processes.

Advantages in liquid markets where properties sell quickly.

•        [15:56] Funding and Investors

Discussion on the funding round and openness to discussions with smart investors.

Mention of current investors, including Morgan Stanley and mortgage companies.

 

•        [20:45] Future Developments

Teaser about an upcoming groundbreaking feature related to granular data on new transactions.

They are aimed at real estate investors and data enthusiasts.

•        [21:46] Legal Landscape

Acknowledgment of lawsuits against the National Association of Realtors regarding commissions.

Positioning of unreal estate.com with an emphasis on transparency.

•        [23:48] Connecting with Kyle Stoner

Kyle's social media presence: @KWStoner on Twitter.

Email for potential investors: [email protected].

 

Resources from Kyle

YobeConsulting | LinkedIn | Unreal Estate

 

Resources from Mike and Nichole

Gateway Private Equity Group | Nic’s guide | REI Words