How on earth has it reached the end of April already?
I have finished a 13 days straight of working and find myself in Excel (big event venue in UK for my overseas subscribers) writing up this review. I am beginning to forget what Mrs. D and my two boys look like!
I have been moderating at The Property Investor Show , a great two day event helping some of the PropTech firms in the landlord and letting space. A decent event; worth attending next year for the other exhibitors alone.
However, there was a Tony Robbins event going on next door – where I met Holland PropTech’s, Wouter – which was mental. The guy, to the backdrop of music to make your ears bleed, was talking for 10 hours straight. No slides, just motivating speak at its finest. Quite incredible. On that point, Thursday brings the much anticipated Future : PropTech event. I will be hosting the main stage so if you are coming along come and say hi
Okay, so ignore Podcasts, this week it is all about videos as there are some great ones. The first, a great overview from RICS about PropTech in the Built Environment. Four and a half minutes long and worth watching in its entirety
The next a superb webinar from our friends at CB Insights who give an excellent 45 minutes of discussion on all the latest research in PropTech investment. Play it from 3 minutes in though as that is when it really gets started I have said for a while that the UK and Europe have lagged behind the US and Asia in investment but that 2017 would be a year of serious shift. This video backs it up with particular notes on the UK investment space (watch from approximately 22 minutes with a particular note about Seedcamp as being the most active at the minute)
Lastly, Datascha held a Blockchain event last week which I was very unfortunate not to attend. However, they kindly recorded it on Periscope so, it may feel like you are watching a secret recording, this is well worth a watch. I had incredible amounts of positive feedback about the event so worth spending some time digesting this. Skip the dodgy bits but a great panel.
1. This week’s most shared article: Pub boss backs a £1m raise of another AirBnB management firm
It wasn’t a long time ago that I posted about the raise of funds for another of these firms as the most shared article of the week, and here is another. Raising £1million, giving it a pre money valuation of £5 million, YourWelcome aims to have between 40,000 and 50,000 by the end of the year. Interesting move.
2. Its all about mortgage news this week too – Trussle partner with Revolut (and much more)
Fresh on the back of a nice raise of funding, Trussle have linked up with bank challenger Revolut to offer mortgages directly. Based on Revolut’s claim to have an account set up in 60 secs and Trussle’s claim of allowing users to work out how much they can afford in 60 secs, with a mortgage agreed in principle in a further 5 minutes.
This would suggest a pretty quick and seamless way to have a bank account and mortgage in less time than it takes to make a cup of tea……interesting.
In another, connected article, you may be interested to read why PropTech and MortgageTech are the future of FinTech
3. Featured Article – The first Chatbot for property management released. Many of you will know that I have long talked about Chatbots being involved in transactions and property management. I am pleased to hear this bit of news.
One of the fasted growing European PropTech companies, Allthings, has introduced the first chatbot-based feature for property management purposes.
The swiss-german provider of an app-store like tenant platform expects that 80% of conversations between tenants and property managers can be standardized and automated. This obviously will fundamentally change the way how properties are managed. Interestingly, first real estate owners and asset managers already expand the range of Allthings’ chatbot technology and use it to provide high concierge services. More about it here
4. Article of the week – Are online agents in breach of fiduciary duty a barrister asks?
An interesting question given the current environment created by the growth of online agents (in the UK at least). With their model front loading the fees where essentially the motivation is a listing rather than a sale, do they have the best interests of their clients at heart?
I think this is only the start of larger, more moral questions with the online model. In one case, they are helping the clients (i.e. far lower fees), in another they are not incentivised to sell the properties, only to list. An interesting angle and I would appreciate your thoughts on this. Email me
Many will know know my love of 3D Printing. I have written quite extensively about it previously. Now however, the non traditional 3D Printing materials seem to be taking shape.
“Glass is one of the oldest materials that mankind has used, and it’s astonishing to see the 3D printing revolution of the 21st century has ignored glass until now”
Great to see you can now 3D Print Glass for properties. It’s all progressing rather quickly.
“If I were a building owner today I would think about what? Being the LANDLORD of the building or The LandLord of the Data”
You can’t argue much with Duke’s empassioned plea to Landlords about the data from the buildings nor, the pledge about using space as a service – quoting from Antony Slumbers excellent commentary on the matter. Our useage of buildings is changing – whether you are in the commercial sector or residential, this is worth a read.
I have felt for some time that the #BoringPropTech world is in need of a bit of publicity. It is perhaps the most forgotten area of the sector, and the least understood, however it contributes so much in terms of value to the entire digital transformation of the property world. Gridics, a Miami based firm, has just raised $1.1 million. Perhaps we should all start taking a bit of notice
As always, I like to list all the articles I have been looking at and reading through this week so here is a complete list in case you want more. Hope you enjoy them…..
Have a great Sunday, I’m off to find Mrs D and the boys to remind myself what they all look like!
Chat soon. James