There’s a huge amount of opportunity that is not being allowed into the space because the technologists are not getting their due. Because we’ve managed to successfully disrupt most industries in America, but we haven’t managed to disrupt large multifamily yet. My opinion is, it’s only a matter of time. I’ve only invented one saying in my life, Darrin, but I’m very fond of it. My saying is, that the Bible got it wrong by one letter. One letter. It’s not the meek that shall inherit the earth, it’s the geek!
Neal Bawa, Founder, and CEO, GroCapitus Investments shares his modus operandi for finding, hiring, training and managing virtual assistants for his real estate investing and coaching businesses. Neal, a second-time guest starts off this show by sharing his background...
A true pioneer in the commercial real estate and Multifamily industry, Neal Bawa has an impressive track record to back up his experience. As the CEO and Founder at Grocapitus, a commercial real estate investment company, Neal sources, negotiates and acquires...
Neal: There’s a huge amount of opportunity that is not being allowed into the space because the technologists are not getting their due. Because we’ve managed to successfully disrupt most industries in America, but we haven’t managed to disrupt large multifamily yet....
The short answer is no, because rent growth is usually provided by enterprise-level companies that are selling data for $25-250,000 a license. CoStar, Yardi Matrix, Axiometrics, that’s where the data comes from and they don’t agree all the time. Right now, Yardi Matrix has Las Vegas as number one in the U.S., but at number two, CoStar is still at number two. So, it’s not going to be number 16. The rent growth data is purchased for very expensive prices. There really aren’t any hacks in that marketplace.
