Craig Rowe is a seasoned tech columnist and real estate tech reporter for Inman News, with a rich background in publishing, journalism, graphic design, and advertising. His perspective on the topic of "Craig Rowe: tech columnist, real estate investor, outdoor enthusiast" is shaped by his extensive experience and expertise in real estate technology. Rowe is passionate about the intersection of technology and real estate, and he is dedicated to exploring and sharing advancements in this field. He has a keen interest in improving the web structure and design of real estate websites to make them more user-friendly, particularly for finding and contacting agents. Join Bill Risser and Craig Rowe on this episode of The Real Estate Sessions podcast to delve deeper into Rowe's insights and experiences.
(00:02:36) Outdoor Adventures in a Close-Knit Community
(00:09:17) Seizing Opportunities and Following Interests
(00:14:52) The Adventurous Lifestyle of Truckee, California
(00:20:34) Craig Rowe's transformation from freelance writer to tech columnist
(00:28:29) Revolutionizing real estate with alternative finance
(00:35:45) The Burden of Bloated CRM Tech
(00:44:24) Gathering insights for valuable industry content
Follow the Podcast
https://www.therealestatesessions.com
https://www.facebook.com/billrisser
https://www.youtube.com/billrisser
https://www.instagram.com.billrisser
https://www.linkedin.com/in/billrisser
Hi, everybody. Welcome to another Real Estate Sessions rewind
Speaker:episode. This week, we venture back to January of
Speaker:2022, and we're going to be listening to a
Speaker:replay of Craig Rowe, the real estate technology reporter
Speaker:for Inman News. He has a wonderful backstory filled
Speaker:with some amazing adventures, and I know you're going
Speaker:to love listening to it. Enjoy.
Speaker:So what's happening is the industry is learning to
Speaker:take all of this data, put it in this
Speaker:little machine, and then pump it out into any
Speaker:shape or form they want to use. Right. And
Speaker:they're doing some incredible things with it. There's a
Speaker:company called Top HAP that I just can't get
Speaker:enough of because they have these data driven real
Speaker:estate information maps that can track everything from CO2
Speaker:levels in the air to the history of a
Speaker:plot.
Speaker:You're listening to the Real Estate Sessions podcast. And
Speaker:I'm your host, Bill Risser, executive Vice President, strategic
Speaker:Partnerships with RateMyAgent, a digital marketing platform designed to
Speaker:help great agents harness the power of verified reviews.
Speaker:For more information, head on over to Ratemyagent.com. Listen
Speaker:in as I interview industry leaders and get their
Speaker:stories and journeys to the world of real estate.
Speaker:Hi, everybody. Welcome to episode 306 of the Real
Speaker:Estate Sessions podcast. Thank you so much for tuning
Speaker:in. Thank you so much for telling a friend
Speaker:today. I'm going to talk to a copywriter, a
Speaker:journalist, and a backcountry guide. Yes, I'm going to
Speaker:talk to Craig Rowe. Craig is the property tech
Speaker:real estate tech reporter for Inman News. I met
Speaker:Craig at the Inman event this past fall, and
Speaker:just a neat guy, and what a background. So
Speaker:we're going to have a lot of fun exploring
Speaker:some stuff outside of the world of real estate,
Speaker:and then we're going to talk about how things
Speaker:work at Inman. It's a very interesting conversation. So
Speaker:let's get this thing started. Craig, welcome to the
Speaker:podcast.
Speaker:Great to be here, Bill. Thanks for having me.
Speaker:Yeah, we met at the Inman event in Las
Speaker:Vegas. It was so much fun getting back in
Speaker:front of people again. And Molly McKinley knows you
Speaker:well, and it was nice having a conversation. I've
Speaker:read a lot of your columns. Tech is kind
Speaker:of my thing.
Speaker:Thanks.
Speaker:And it's obviously your thing, and so I appreciate
Speaker:all the work and the insight and the effort
Speaker:that goes into those. And we're going to talk
Speaker:a lot about that and also some more stuff
Speaker:as well. But I like starting where people grew
Speaker:up. It's always fun for me to see these
Speaker:different parts of the country. And for you. It's
Speaker:upstate New York.
Speaker:Yeah.
Speaker:Because first of all, I had no idea where
Speaker:Caledonia was, but then my first thought was, wait.
Speaker:Well, there's Rome and Syracuse and Mythica. It's got
Speaker:to be somewhere in that neighborhood. Now, I'm not
Speaker:too far off, right?
Speaker:No, you're not too far off. It is just
Speaker:south of Rochester.
Speaker:Okay. Gotcha. So let's talk about that sort of
Speaker:an upbringing growing up in New York and my
Speaker:guess know we're going to talk about what you're
Speaker:doing today. I'm going to assume that a lot
Speaker:of who you are today was influenced by where
Speaker:you grew up.
Speaker:Yes, it absolutely was. Yeah. I loved growing up
Speaker:in a small town and I am now full
Speaker:circle right back in a similar location here in
Speaker:Northern California. But yeah, Caledonia was really neat. It
Speaker:was definitely a small town. Had a lot of
Speaker:close friends. I have three older brothers and then
Speaker:in all our lawns we had all these families
Speaker:in the neighborhood. Right. And all the backyards met
Speaker:and the family down the street had six kids
Speaker:and in the back of us had also like
Speaker:five or six. So basically there was just this
Speaker:amalgamation of families all the time and all these
Speaker:kids of different age groups all the time interacting.
Speaker:Yeah, it was very Americana for the most part.
Speaker:This little town really fun. We spent all kinds
Speaker:of time outdoors. We were very much free range.
Speaker:Right. You could just open the door at eight
Speaker:in the morning and I'll come back at eight
Speaker:at night. That was pretty much it. And in
Speaker:those hours I could be anywhere from in the
Speaker:local trout stream, fishing and then at some point
Speaker:during the day you throw the pole back in
Speaker:the garage without your parents even knowing and then
Speaker:you take off again. And I could be riding
Speaker:my BMX bike for 2 hours and then in
Speaker:the afternoon we're playing football or Wiffle ball or
Speaker:baseball or something and that was it. Every day
Speaker:throughout the summer until winter stopped us from being
Speaker:able to do that. Kind of know I grew
Speaker:up in.
Speaker:San Diego, a little bit different situation. Still had
Speaker:that ability. Certain when the street lights went on
Speaker:I had to be home kind of mentality, which
Speaker:was cool. But that whole connectivity you talk about,
Speaker:right? Where the neighborhoods it wasn't people going into
Speaker:a garage and then going in through the service
Speaker:door to go in the house. Sure. You could
Speaker:get home and never see anybody if you wanted
Speaker:to. That wasn't the case for you. Everybody knew
Speaker:everybody. I love that. We're going to talk about
Speaker:how much of an outdoorsman you are, so we'll
Speaker:get to that later. But first let's talk about
Speaker:as you continue. You end up going to college
Speaker:locally. You stick around up there and you went
Speaker:to Nazareth College, I see, right. With you were
Speaker:an English major, which makes perfect sense because of
Speaker:what you do for inman. But you're also a
Speaker:soccer player, so we got to talk about that
Speaker:for a second.
Speaker:Sure.
Speaker:Yeah. First of all, the position in high.
Speaker:School, I played primarily forward and halfback because I
Speaker:was fast. I was not your foot skill guy.
Speaker:I was not beating a lot of people with
Speaker:a ball. I was fast and aggressive, so I
Speaker:was getting open. I was running down the opposite
Speaker:player's. Best guy.
Speaker:You were tripping people. I mean, tackling people.
Speaker:Yeah. Thankfully, my college coach kind of recognized that.
Speaker:And the position I grew into in college was
Speaker:essentially what someone would call kind of a marking
Speaker:back where my sole job was to follow around
Speaker:the other team's best player the entire game. Wow.
Speaker:And I made an art of it. And I
Speaker:meant, like, I would follow him to his bench,
Speaker:and when he stepped off the field, I'd go
Speaker:back to my field, I would really try and
Speaker:get into their heads. I had kind of an
Speaker:aggression issue, so that would often come out on
Speaker:the field. I led the team in yellow cards
Speaker:my senior year and got a couple of notable
Speaker:ones in college. But, yeah, I ultimately just kind
Speaker:of always relied on being fast in my speed
Speaker:for the most part. And I think that's what
Speaker:helped me excel, because, again, I wasn't by any
Speaker:means the best athlete on the field, but I
Speaker:was just aggressive and played hard all the time,
Speaker:and that led to that. But Caledonia was a
Speaker:football town, actually. It had one of the better
Speaker:football programs for many years in the state of
Speaker:New York. Overall, they were always good. So all
Speaker:the really good athletes played football, and I played
Speaker:soccer with a few of the other misfits. And
Speaker:then I ended up at Nazareth, which was a
Speaker:big lacrosse school and remains a very prominent lacrosse
Speaker:school also in the country in division three. But
Speaker:from what I understand in lacrosse, there's not a
Speaker:big difference between D three and D one. There's
Speaker:a kind of a fine line. Anyway. Yeah. So
Speaker:I ended up playing soccer at a lacrosse school.
Speaker:So we didn't have the best record, but it
Speaker:was still a lot of fun. Yeah. And I
Speaker:enjoyed it very much. While I was an English
Speaker:major, I actually started as an art major.
Speaker:Interesting.
Speaker:Yeah. I was always just always creative. I grew
Speaker:up drawing, but it was the same thing. I
Speaker:was very inspired by comic books when I was
Speaker:a kid, so I was drawing and writing all
Speaker:the time.
Speaker:So you go to art major, you turn into
Speaker:an English major. What was your plan? What was
Speaker:the thought process when you got out of school?
Speaker:Well, when I got out of high school or
Speaker:college? Out of college?
Speaker:Yeah.
Speaker:As you're entering, no plan. I talk about this
Speaker:often. I remember being at my girlfriend's apartment the
Speaker:night I graduated from college, and I just said,
Speaker:now what? And this goes right to my personality.
Speaker:Really? I'm not necessarily a planner. I'll just be
Speaker:frank. I am not really career driven. I'm much
Speaker:more lifestyle driven. And that kind of surfaced right
Speaker:when I got out of school. All my friends
Speaker:were headed off to Grad school, and I honestly
Speaker:have some regrets about that. I probably should have
Speaker:gone after an MFA in screenwriting or something, which
Speaker:is a big love of mine. Or like, magazine
Speaker:writing or straight into journalism. While I'm the only
Speaker:inman writer, I think, that does not have a
Speaker:journalism degree. I am the only one that had
Speaker:a real estate license. For a while, though, I
Speaker:was licensed in the industry several times. But anyway,
Speaker:yeah, I had no real plan. So I ended
Speaker:up moving down to Florida for a while with
Speaker:one of my brothers.
Speaker:And somehow you get involved in real estate. I
Speaker:believe it happened up in North Carolina, right?
Speaker:It did, yeah.
Speaker:So let's talk about going to Raleigh and what
Speaker:you were doing up there.
Speaker:Yeah, I think one thing that might be of
Speaker:interest, though, just to touch on what I did
Speaker:in Florida, is that's when I got into publishing
Speaker:in journalism, I had a short stint at the
Speaker:Orlando Sentinel doing graphic design when print ads when
Speaker:newspapers were still thick with classifieds. And I was
Speaker:doing all the design work on these huge, very
Speaker:expensive auto dealership ads, right, where you're placing the
Speaker:car image and you're getting down into the five
Speaker:point type, all that sort of thing. But I
Speaker:went from there and worked for a magazine company.
Speaker:Now, this magazine company was attached to a over
Speaker:the counter penny stock company. You've seen Wolf of
Speaker:Wall Street, right? Yeah. I was knee deep in
Speaker:that that environment. So if you remember those scenes
Speaker:in the movie when they're in this giant bullpen
Speaker:and all these guys are out on the phone.
Speaker:Picture me in an office just to the side
Speaker:of that with one editor, and he and I
Speaker:were putting together these magazines that were advertising these
Speaker:stocks. Wow. And even though it was much smaller
Speaker:and not New York City, that atmosphere was spot
Speaker:on. Wow. At one point, we went down and
Speaker:my editor told me not to go. He was
Speaker:a great guy, and he said, don't do this.
Speaker:I said, but it just sounds fun. The owner
Speaker:of our company rented a bunch of limousines, stocked
Speaker:them full of beer, and then what I learned
Speaker:later was drugs as well. And we drove down
Speaker:to Miami, or close to it, to look at
Speaker:a marina. This boat company that was building these
Speaker:boats on the way back is when everybody started
Speaker:to party. I was 23. I was pretty intimidated
Speaker:by what was going on. By the end of
Speaker:that car ride, one of the managers, a mid
Speaker:level guy, had fired everybody in the limos. He
Speaker:pulled over three times on the Florida turnpike and
Speaker:made people get out and find their own way
Speaker:back. I was the only one he was not
Speaker:in charge of, so he could not fire me.
Speaker:By the end of the night, like midnight, we're
Speaker:back in the parking lot, and it's me and
Speaker:this ravaging, coke addled drunk stockbroker and his girlfriend
Speaker:just sitting there staring at me because I witnessed
Speaker:this whole debacle fights inside. It was nuts. And
Speaker:there I was, the little magazine editor just standing
Speaker:there. But anyway, that's how I got started in
Speaker:publishing. That's great.
Speaker:I can't even imagine.
Speaker:Someone had died at my stint there. One of
Speaker:the guys died. He took too much coke and
Speaker:got in a hot tub and was left alone
Speaker:and croaked. Yeah, it's terrible. Like, oh, multiple fairs
Speaker:going on.
Speaker:So I live in Florida, so you're not painting
Speaker:the brightest picture of Florida. But that's okay. Nobody
Speaker:ever does, other than the weather.
Speaker:Other than that, I have a couple of good
Speaker:friends in.
Speaker:Good.
Speaker:Awesome. Awesome. Yeah.
Speaker:That kind of makes sense then, because your next
Speaker:role, you end up being a marketing manager for
Speaker:a real estate investment firm. So it kind of
Speaker:makes sense. That's kind of a flow out of
Speaker:what you were doing down there. Makes sense. Talk
Speaker:about that.
Speaker:Yeah, for sure. I went up to Raleigh to
Speaker:get back together with a girl I had dated
Speaker:in college I got a job with at the
Speaker:time was called CB. Richard Ellis. Oh, sure, CBRE,
Speaker:right. Yeah. Doing marketing for all the tenant reps,
Speaker:the listing brokers, asset services, those guys. And I
Speaker:tended to click pretty well with all the brokers,
Speaker:even though I was young and I was in
Speaker:this pod with kind of all the other assistants
Speaker:and stuff. I had some good marketing ideas. Now,
Speaker:back then, a good marketing idea was an animated
Speaker:PowerPoint. I mean, they just loved it. They couldn't
Speaker:get enough. Then I started doing some work in
Speaker:a software product called Flash by Macro Media, and
Speaker:it animated stuff you could publish on the web.
Speaker:And I was just making listing presentations and marketing
Speaker:materials, and people loved that. And then I got
Speaker:recruited to this team for CB's website. Their website,
Speaker:Rollout, was basically they had this master site, and
Speaker:then each office would have their own templates to
Speaker:populate with content. And I got this little side
Speaker:gig where I was going around to the different
Speaker:offices, helping them get up to speed with their
Speaker:website. So I would come into an office in
Speaker:Charlote or Nashville, Richmond, and help them get their
Speaker:website up to speed. So that's kind of how
Speaker:I got into the technology end of real estate.
Speaker:So then I would interview the agents and talk
Speaker:to them about what was good and what they
Speaker:should put on the site and what kind of
Speaker:content they should use, all that kind of stuff.
Speaker:Yeah, I did early work with Costar as well
Speaker:wow. When they were physically walking around office buildings
Speaker:recording space.
Speaker:Wow. Somehow we have to get you to a
Speaker:little town in California called Truckee.
Speaker:Sure.
Speaker:And for people that don't know, well, I can
Speaker:see you with the way we record this podcast.
Speaker:I can see you. You can see me behind
Speaker:you. I see snowboards. I see maybe a sled.
Speaker:There's some great stuff that tells me a lot
Speaker:about where you live.
Speaker:Yeah. So truckee. Yeah. My wife and I for
Speaker:years were traveling from the East Coast out west
Speaker:to hike and backpack and all the national parks
Speaker:and all that sort of thing. And having grown
Speaker:up camping all the time. Because where else do
Speaker:parents take four boys? You can't take them on
Speaker:a civilized vacation. You have to take them into
Speaker:the wilderness and hope they come back. Awesome. Yeah.
Speaker:So it was always kind of ingrained in me.
Speaker:So we ended up first in Las Vegas prior
Speaker:to here, prior to Truckee. And that's when I
Speaker:started doing my guide work, working as a backpacking
Speaker:guide, taking people on trips in the Grand Canyon
Speaker:and other parts of southern Utah in the Southwest.
Speaker:But Vegas is not I don't love it as
Speaker:a place to live. The town has a number
Speaker:of great assets and things going for it, but
Speaker:it was not for us. So we wanted a
Speaker:small town. Again, I was very fortunate. My wife
Speaker:is pretty well regarded in the world of college
Speaker:counseling and consulting in private schools. So she was
Speaker:recruited to a number of different mountain towns in
Speaker:the west jackson, Aspen, Vale, all these other places.
Speaker:But we ended up in Truckee for a number
Speaker:of reasons. A, it had great access to water
Speaker:at the time. It was more affordable than some
Speaker:of these other places. And just Lake Tahoe in
Speaker:general, like, this is just a pretty fantastic place
Speaker:to live. The summers are unbeatable, and then the
Speaker:winters, of course, typically are a heck of a
Speaker:lot of fun because the entire town, the entire
Speaker:kind of vibe of everybody is always to get
Speaker:on the mountain. Right. Everything is about the snow
Speaker:and then when it's going to happen. Some of
Speaker:the most fun times for me is this build
Speaker:up of a big storm coming like we just
Speaker:had over Christmas. It was just fantastic. And I
Speaker:just love that. I love that excitement. I become
Speaker:a kid again back in New York. Can't wait
Speaker:to get out and go sledding in the winter.
Speaker:And I get distracted. I have a hard time
Speaker:working when I know there's good snow out there.
Speaker:That needs to be mean. I'm very much like
Speaker:a child. Like, before the end of the school
Speaker:year or something, waiting for summer. I just get
Speaker:distracted by it and it becomes kind of all
Speaker:encompassing. Yeah. And again, Truckee being a small town,
Speaker:you get to know a lot of people quickly.
Speaker:You see them on the hill, you see them
Speaker:in the I do some stuff in the backcountry
Speaker:as well, some split. Just it's fun. There's a
Speaker:ton of Olympians and current pro athletes that are
Speaker:always around, and you never know who you're going
Speaker:to be sitting with. I have a local bartender
Speaker:that can do double backflips off cliffs. I have
Speaker:a good friend who's dating a four time Olympian.
Speaker:I love all this connection to outdoor sports and
Speaker:adventure recreation and everything. It's really fun.
Speaker:You're still doing your guiding, right? Backcountry guiding and
Speaker:that sort of talk about that. The typical client,
Speaker:it's not going to be a guy like me
Speaker:who doesn't camp. I would think it's probably somebody
Speaker:who's a little more in tune with nature, maybe
Speaker:more than actually.
Speaker:Well, you'd be surprised a little of both. I
Speaker:think the common client is someone who wants to
Speaker:experience some outdoors but doesn't really know where to
Speaker:begin, or they don't want to get into it
Speaker:full on. They don't want to go buy a
Speaker:bunch of equipment because they know they're only going
Speaker:to do it once or twice every few years.
Speaker:So they hire people like us to take them
Speaker:out. And the company I work for, they provide
Speaker:all the gear and we prepare all the food
Speaker:for them, and they get the permits right. They
Speaker:have a whole team dedicated to getting permits in
Speaker:these parks, in these remote places. It is a
Speaker:lot of fun. That is, quite frankly, the most
Speaker:rewarding work that I do is if you take
Speaker:someone who's never camped or hiked significantly, and, for
Speaker:example, you hike them for five days across the
Speaker:Grand Canyon. Now it's on corridor trails, so very
Speaker:well marked, like backcountry campsites. But they're developed. They're
Speaker:dedicated sites, and they have pit toilets. So technically
Speaker:it's backcountry, it's wilderness, but it's a little more
Speaker:developed. But even so, for some people, that is
Speaker:an immense experience. And taking someone who's never done
Speaker:that and something they don't even believe they can
Speaker:do, they're so scared and nervous about the hike
Speaker:and sleeping outside and all this sort of thing,
Speaker:and the reward that they feel. And to know
Speaker:that you had a role in helping them get
Speaker:through all these emotional hurdles and all this fear
Speaker:and experience, all this enjoyment, it's extremely fun and
Speaker:rewarding. I've had a lot of incredible experiences and
Speaker:gotten to know a lot of cool people from
Speaker:guiding them around different places in the woods.
Speaker:You're the only guest out of 306 guests, Craig,
Speaker:that we've had this conversation with. That's awesome. Thank
Speaker:you for bringing it to the get down. Let's
Speaker:get to the real estate. You know, we talked
Speaker:about the fact, I would guess the tech columnist,
Speaker:right, for inman. And first of, how did that
Speaker:come up? How did you connect with Brad, or
Speaker:was it someone else at the time that you
Speaker:connected with?
Speaker:I connected with Amber Toufin, who at the time
Speaker:was the editor. I was, again, just a freelance
Speaker:writer at the time. In 2009, I went out
Speaker:on my own, and I was working for real
Speaker:estate agents and different companies. But I actually always
Speaker:read inman because I was in real estate. I
Speaker:just was always on it and I just emailed
Speaker:them about being a contributor, someone who writes for
Speaker:free, right. As a way for me to potentially
Speaker:get more real estate business. Right. However, when Amber
Speaker:saw my background, she said, look, we're actually looking
Speaker:for somebody that understands technology and can be a
Speaker:regular paid contributor. So, yeah, as a freelance writer,
Speaker:a standard regular gig is awesome. Right. So you're
Speaker:not scraping to find to get pitches accepted and
Speaker:all that sort of thing. So I did a
Speaker:couple demo columns and then obviously she showed it
Speaker:to Brad. He liked it. I was very grateful.
Speaker:That's how it started. It started out as one
Speaker:wait, no, okay. It started out as one a
Speaker:week quickly went to one a day.
Speaker:Oh, boy.
Speaker:Yeah. It's very hard to sustain because you're going
Speaker:to run now and in 20, 15, 16 there
Speaker:just weren't that many yet. Right? There weren't that
Speaker:many new companies coming up as there are in
Speaker:the last few years now. But still, every day
Speaker:was really hard to do a demo, think about
Speaker:my views on it, compare and contrast it to
Speaker:other products out there. But then we kind of
Speaker:found a really good balance. And I really liked
Speaker:the atmosphere. I liked everyone I worked with inman
Speaker:that's one of the big reasons I very much
Speaker:enjoy it and stick around is because I've always
Speaker:had good people to work with. Editorial team is
Speaker:and I'm a very vocal advocate for journalism, and
Speaker:they are, and it's why I love working with
Speaker:all these other journalists is I learn a ton.
Speaker:Not just about I think I bring a lot
Speaker:of real estate knowledge to Inman, but learning about
Speaker:principles of journalism, why things are published, why they're
Speaker:not, why certain things need to be edited. I
Speaker:love that. It gets me very excited, very fired
Speaker:up. I love these our Connect events because it's
Speaker:one of the few times where the Inman team
Speaker:just to give some people how it works if
Speaker:they want it. We sit in a room during
Speaker:these Connect events. We sit in a room around
Speaker:a table. All of us are writing. And then
Speaker:these discussions will erupt about anything from a word
Speaker:we should use or not use. And we'll debate
Speaker:for five minutes about whether we should use that
Speaker:word or not, or how to quote something correctly
Speaker:or should we use that person's comments. I love
Speaker:those conversations and I love hashing that stuff out.
Speaker:So, yeah, I guess ultimately that's kind of how
Speaker:I came into Inman. I continue to do other
Speaker:freelance projects on the side. I have other clients,
Speaker:so to speak. But Inman, yeah, is my primary
Speaker:workload each day, and I still love it. It's
Speaker:a lot of fun. I've gotten to know a
Speaker:lot of great people, seen some really cool products,
Speaker:seen some duds.
Speaker:We're going to talk about that. Yeah, people that
Speaker:know me know. I am a massive fan of
Speaker:the I wish I could write something that compels
Speaker:people to take action. That's such a powerful thing
Speaker:to be able to do. Well, Lauren Walker has
Speaker:been a guest on this show. In fact, she
Speaker:has my favorite Twitter handle of all time, and
Speaker:it's at insert copy here. There's no better Twitter
Speaker:handle.
Speaker:I didn't know that, but that doesn't surprise me
Speaker:at all. She is very bright. That is great.
Speaker:Yeah.
Speaker:So it's very cool. I love the fact that
Speaker:the journalistic integrity of the company you work for
Speaker:matters. And however, there are a lot of I
Speaker:don't want to say anti inman, but a lot
Speaker:of people think Brad's just trying to rock the
Speaker:boat or he's just saying stuff to make stuff.
Speaker:Those do those work together? Or how do you
Speaker:handle that?
Speaker:No, I think Brad sees the role of journalism
Speaker:as to shake things up because that's where the
Speaker:last bastion of truth lives, societally speaking. And Brad
Speaker:is not afraid to call out the industry he
Speaker:serves for its drawbacks, which I think is great,
Speaker:and I support that fully. I talk a lot
Speaker:about issues that the industry has overall, whether it's
Speaker:with technology. I have a big problem with the
Speaker:way agents come in, are trained in the industry,
Speaker:how the low barrier of entry, and if there's
Speaker:a reason why something's not working, look inward. And
Speaker:Brad is not afraid to do that. Right. He's
Speaker:not afraid to rock the boat, as you said.
Speaker:I support that fully. But you can rock the
Speaker:boat honestly in a forthright manner and still be
Speaker:very and be journalistic about it. Just saying something
Speaker:that people don't agree with doesn't mean that's a
Speaker:bias. Right. Okay. Not leaning one way or another
Speaker:if you're just saying, look, this is your problem.
Speaker:Like right now, it's not my beat, but if
Speaker:I was writing regularly about the mortgage industry, I
Speaker:would tear it down. It is the most single
Speaker:most broken financial vertical in our country. The customer
Speaker:experience is shattered. It needs to be torn down
Speaker:and rebuilt from scratch. Again, that's not my beat,
Speaker:but that is honest. I think a journalist can
Speaker:say that and not be biased in any way,
Speaker:shape or and I'm because me being a columnist
Speaker:and me being technically a contractor withinman. So I
Speaker:am at arm's length from a lot of this
Speaker:stuff. I sometimes will jump into the comments when
Speaker:someone is calling out Inman's journalistic integrity, if it's
Speaker:something they think, we're always on the take with
Speaker:Compass or Zillow and it's all nonsense. It's because
Speaker:they're newsmakers. The big issue is people don't understand
Speaker:what news is. They think if they don't agree
Speaker:with it, then it's biased against what they don't
Speaker:agree with. Right. And that's not the case. We
Speaker:talk about Zillow a lot because they shook up
Speaker:the industry. They came charging in and did something
Speaker:totally different. The same thing with Compass, right?
Speaker:Yeah, you're right. You're absolutely right.
Speaker:Yeah. People need to understand what news. I would
Speaker:love it if they just asked if a commenter
Speaker:just asked, Why are you writing about this? And
Speaker:whoever, we can say why they do it, especially
Speaker:if someone tries to call out like, Andrea man,
Speaker:don't do that first off sound. Yes, you're right.
Speaker:I think all our writers are great. I agree.
Speaker:You're coming up on like seven years or so.
Speaker:I'm working with them. And let's talk about the
Speaker:different tech sectors a little bit. I don't know
Speaker:if this is something you can identify, but is
Speaker:there one tech sector right now that's just like
Speaker:taking all of your energy or a big chunk
Speaker:of your energy because it's just exploding or outpacing
Speaker:the rest of the field?
Speaker:Well, obviously, yeah, the showing technology stuff, everyone's scrambling
Speaker:to fill that niche, and only a couple have
Speaker:done it. Right. And I think there's a reason
Speaker:why they have. So, yeah, showing tech stuff is
Speaker:really building up quickly. But on top of that,
Speaker:on a bigger scale, that's kind of a smaller
Speaker:niche within the industry, but on a larger scale,
Speaker:it's obviously alternative finance. It's the companies like NOC
Speaker:and Divi and Landing, these companies that are providing
Speaker:unique ways for people to buy and sell homes,
Speaker:whether it's rent to own, buy before you sell.
Speaker:All these alternative financing companies out there, I don't
Speaker:love that some of them are positioning themselves as
Speaker:technology companies. I think that's a lot of Wall
Speaker:Street stuff, to be honest. Like, they're doing it
Speaker:to be in the prop tech circle. But what
Speaker:they technically, legally are is a mortgage company right
Speaker:now. I don't blame them for that. They have
Speaker:to do what's best for their company. Right. But
Speaker:some of the positioning annoys me a bit. A
Speaker:lot of them are using I guess I should
Speaker:backtrack a little. A lot of them are using
Speaker:technology internally to make their processes more efficient. And
Speaker:at the same time, while I was complaining about
Speaker:the antiquated mortgage industry, these alternative companies coming up,
Speaker:they're coming at it from an entirely different angle.
Speaker:They know how to use technology internally, whether it's
Speaker:something as simple as a team project software like
Speaker:a Trello or an Asana or Basecamp, just to
Speaker:manage internal processes. That's way more than what bank
Speaker:of America is doing or Chase or any of
Speaker:that. So, yeah. So alternative finance, these different ownership
Speaker:structures, they're cranking up quickly. Our mortgage reporter, Matt
Speaker:has a ton of stuff to be writing about
Speaker:these days. Yeah.
Speaker:Is there something relatively new, like just popping up
Speaker:on the scene that's piqued your interest, we'll say?
Speaker:Well, I think it's not a specific it's hard
Speaker:to classify, but the use of real estate data.
Speaker:So the way that companies are is it the
Speaker:best way I can describe it is do you
Speaker:remember that old toy that. Playdoh had, where you
Speaker:could just put a shape on the end of
Speaker:a little like a compressor. You put the Play
Speaker:DOH in, you can put a different shape on
Speaker:the front and press it through, and it would
Speaker:come out in the shape of a star or
Speaker:like spaghetti, right? Yes. So what's happening is the
Speaker:industry is learning to take all of this data,
Speaker:put it in this little machine, and then pump
Speaker:it out into any shape or form they want
Speaker:to use, right. And they're doing some incredible things
Speaker:with it. There's a company called Top HAP that
Speaker:I just can't get enough of because they have
Speaker:these data driven real estate information maps that can
Speaker:track everything from CO2 levels in the air to
Speaker:the history of a plot you're about to buy.
Speaker:You can look at these heat maps, and it
Speaker:shows you, based on price and square footage and
Speaker:everything exactly where a neighborhood is moving. Now, those
Speaker:are valuable tools for real estate agents because they
Speaker:can look at that and go, okay, I'm going
Speaker:to focus on this market that in eight months,
Speaker:everything's going to push into this area. In eight
Speaker:months, I'm going to start targeting them. So when
Speaker:that little community is ready to pop, I'm going
Speaker:to be there.
Speaker:That feels a lot like what commercial brokers have
Speaker:done forever manually. Right? Because it's all about identifying
Speaker:opportunities in a big way for investors and principals
Speaker:and things. But now that's being brought to the
Speaker:residential sector, that's pretty cool.
Speaker:I have a story that can relate to that.
Speaker:When I was at CBRE a long time ago,
Speaker:I had a buddy who was the assistant to
Speaker:the land broker, and all the land broker told
Speaker:him to do for months was go to the
Speaker:zoning office, get plot maps, and then drive around
Speaker:the city. This was in Raleigh, North Carolina. Drive
Speaker:around the city and look at all those empty
Speaker:lots, and then look at it on the map.
Speaker:Just park next to it. Get out and look
Speaker:at it. Look at it on the he did
Speaker:that for months, and that's how he understood everything
Speaker:that was going on with these properties. What's coming
Speaker:near it? Is it going to be zoned retail?
Speaker:Is it mixed use? And all this information now
Speaker:is available on our phones and on these apps.
Speaker:It's incredible. There's a company out of New York
Speaker:City called Marketproof that is doing the same thing,
Speaker:but essentially with high rises in New York City.
Speaker:And their data sets are incredible. And they're not
Speaker:just presenting it in some boring Excel. It's just
Speaker:beautiful visualizations and charts and graphs and stacking plans
Speaker:and the ability to make all this beautiful data
Speaker:digestible and have it be able to communicate messages
Speaker:is you can take all this information and give
Speaker:it to somebody who's visual like me. I'm not
Speaker:a numbers guy. I can't do math. But when
Speaker:you show me all these presentations that are all
Speaker:really cool. I think that's incredibly powerful. Heck, man,
Speaker:if they manage to turn some of this data
Speaker:on the if they put it in the that's
Speaker:why I want agents to adopt this quickly because
Speaker:if this stuff gets into the consumer market consumers
Speaker:are already incredibly educated. They don't yet know how
Speaker:to steer the ship. They're on the ocean and
Speaker:they got their boat and they're at the helm,
Speaker:but they need someone to navigate. But man, some
Speaker:of the data products that are coming out now,
Speaker:they're impressive and they're fun to watch. I love
Speaker:looking at them. I'm a visual guy. I have
Speaker:maps all in front of me and that's what
Speaker:I see when I look at these products. These
Speaker:are just market information maps, man. I don't want
Speaker:to see another five paragraph written market report and
Speaker:I'm a writer. Show me some cool heat maps
Speaker:and graphs and then just a little bit of
Speaker:a piggyback on that. In terms of some other
Speaker:specific software that is a presentation software is emerging
Speaker:as important and I think it's really cool. Like
Speaker:the guys at Agent Image have access inside real
Speaker:estate. Bought Dash CMA and turned it into Core
Speaker:Present, which is really cool. And Mark Choi out
Speaker:of San Francisco built highnote, which is a terrific
Speaker:presentation tool. There's more out there and I think
Speaker:those are powerful tools, ways that you can present
Speaker:yourself and your company online easily to clients is
Speaker:really cool stuff.
Speaker:I'll put you on the spot. Sure. Because it's
Speaker:fun talking to a journalist. I can ask you
Speaker:a tough question because it's acceptable, right? What's the
Speaker:most overrated real estate tech?
Speaker:Do you want a specific name?
Speaker:I don't want to name a name.
Speaker:Yeah, sure. CRM Tech.
Speaker:Okay. Overrated.
Speaker:It's overrated because what they've done to it industry
Speaker:wide, they've gone from its core task, which is
Speaker:to help people manage their contacts, right? Help them
Speaker:understand who to reach out to when. And they've
Speaker:put on top of all that, all these additional
Speaker:tools. Now, all the automations and marketing automations, some
Speaker:of them have built in content automation, advertising, Facebook
Speaker:advertising, all these other tools. Now as a product
Speaker:like, it's really well done, it's great software. It's
Speaker:built, it's stable, it looks good, but it's it's
Speaker:I think it's bogging down agents. Now you have
Speaker:put me on the spot, but I've written about
Speaker:this, so this should be a surprise to no
Speaker:one. There's just a lot of feature bloat out
Speaker:there. Nothing is niche or specific really anymore. Nothing
Speaker:is lightweight. It's all just big, bulky, enterprise focused
Speaker:software. Now that's okay when you're marketing directly to
Speaker:brokers, and brokers want a big product that can
Speaker:support multiple offices.
Speaker:They want that end to end solution. How many
Speaker:times you heard that in the last years?
Speaker:Right now that's great, but they're putting this big.
Speaker:But the broker buys this, spends a ton of
Speaker:money on it. They have to, then. Now, they're
Speaker:not responsible for the day to day training, but
Speaker:they sure as heck need to make sure that
Speaker:the agents are using the product they just spent
Speaker:a bunch of money on. I would like to
Speaker:see big software products like that, modularized, like can
Speaker:I take? I just want to buy this, right?
Speaker:Like, this is cool. I want to buy your
Speaker:Landing Page product. My clients, my agents. All for
Speaker:some reason, they like salesforce. Whatever. Salesforce is extremely
Speaker:proven product. Obviously. They like salesforce. Great. But Chime,
Speaker:you have a very cool landing page. KVCore. You
Speaker:guys have cool listing marketing products? I want to
Speaker:just be able to take little chunks of this
Speaker:and maybe they can negotiate. Mean, I don't know
Speaker:the direct in and out sales practices of those
Speaker:companies, but I'd like to see stuff more scaled
Speaker:down and lightweight. Right. Because not every needs all
Speaker:of those tools. CRM is important. Like the verb
Speaker:is important. Customer relationship. I guess the noun customer
Speaker:relationship. Management. But managing your clients right? That's important.
Speaker:But you don't need and that's, I think, what
Speaker:leads a lot of agents to seek other products.
Speaker:Why? They get shiny object syndrome. They don't have
Speaker:time to adopt all these other products.
Speaker:The very worst thing you can ask an agent
Speaker:to do is say something like, okay, we need
Speaker:you to clean up your database. It's not a
Speaker:good thing. It's a very ugly reaction. Trust Me.
Speaker:Craig, let's go back to immin for a second.
Speaker:I'd love to the process of deciding what you're
Speaker:going to ride on. Are you submitting things to
Speaker:them and they pick and choose. Is it reversed
Speaker:or are you kind of a freewheeling?
Speaker:It.
Speaker:Whatever you want to do.
Speaker:How does that work? It's probably 50 50 or
Speaker:maybe probably 60 40. I guess now because I've
Speaker:been doing it a while and my name is
Speaker:kind of out there. Companies will pitch me and
Speaker:they'll say, hey, do you want to look at
Speaker:our product? Right. And the vast majority of those
Speaker:are all worthy of being written about and reviewed.
Speaker:So I'll simply tell my editor, yeah, here's what
Speaker:I'm writing about. Here are the products I'm writing
Speaker:about. This week or each day we check in
Speaker:on slack. Here's what I'm reviewing this week. Sometimes
Speaker:they'll say, hey, we heard about this product. Can
Speaker:you write about it? Sure. So they'll often send
Speaker:things my way, and I contribute to a lot
Speaker:of the general. Like if we have theme months,
Speaker:they'll ask, hey, do you have any products that
Speaker:help people market their listings or that promote agents?
Speaker:Because we're doing Agent Appreciation month. Yeah, so there's
Speaker:a bit of that. And then I contribute. Like
Speaker:if I have an idea, I'll just ask my
Speaker:editor about it. And normally I am totally supported.
Speaker:It's pretty rare that they say no. Don't write
Speaker:about that. Like I just did one recently. The
Speaker:eleven alternatives to showing time. They'll suggest that to
Speaker:me and then I'll track down the companies to
Speaker:put in there and write about. Yeah, so it's
Speaker:a little of both.
Speaker:Wave a magic wand. You now have the developing
Speaker:skills of the best developers in the world. What
Speaker:would you create? What's missing in the world of
Speaker:real estate? Putting a tech guy on the spot?
Speaker:Yeah, I honestly, honestly don't know. I think everything
Speaker:is filled in. I would make some things better.
Speaker:I would develop a tool somehow that gives brokers
Speaker:a reason to have one single controllable website that
Speaker:eliminates the need. I have a big problem with
Speaker:the web structure, generally speaking, in the industry, and
Speaker:this really came into fruition recently when we're doing
Speaker:this concerted effort to track down a bunch of
Speaker:top agents and get some questions from them. But
Speaker:I would develop a tool and I would use
Speaker:all those developers to make the absolute best top
Speaker:down website design product. And I would find a
Speaker:way to make sure every agent's site is consistent,
Speaker:easy to find, easy to contact, easy to reach
Speaker:out, because that is a major problem in the
Speaker:industry. That is way overlooked, is how difficult it
Speaker:is to find an agent. You can Google an
Speaker:agent and you'll probably come up with them, but
Speaker:that site you land on might be some random
Speaker:corporate page from like whatever, it's a Century 21
Speaker:page. Then you got to go find that local
Speaker:office.
Speaker:Right?
Speaker:Then maybe that person was on a team last
Speaker:year. They're not on that team anymore. But their
Speaker:bio on that team page still exists. Then they
Speaker:have their own vanity URL over there with their
Speaker:own name under some totally different it's just their
Speaker:name. Right. And then in the bottom it'll say,
Speaker:proudly affiliated with Century 21. It is so broken.
Speaker:It is really bad out there. And yes, I
Speaker:would try and invent something that just can totally
Speaker:streamline that process. Eliminates all these redundant online presences
Speaker:that these agents and offices have. That's a solid,
Speaker:really good website tool. Top down. That's pretty cliche
Speaker:too. Top down.
Speaker:Yeah, we're saying that a lot. That's okay.
Speaker:Yeah.
Speaker:Craig, I've had you here way over time. I
Speaker:appreciate this.
Speaker:This has been great.
Speaker:Well, let me ask you the same question I've
Speaker:asked every single guest going back to Jay Thompson.
Speaker:I think you've met Jay.
Speaker:Yeah, he works.
Speaker:Yep. So that's right. Every Wednesday. For what? What
Speaker:one piece of advice would you give a new
Speaker:agent just starting in the business?
Speaker:Time kills deals. Yes. And that was taught to
Speaker:me when I was my last full time job
Speaker:was when I was selling and marketing multifamily property.
Speaker:Every delay is one more nail in the coffin
Speaker:of a deal. Deals have to get done quicker
Speaker:the longer they run out. Man, the ODS increase
Speaker:really quickly of it going south. Yeah, time kills
Speaker:deals. And then, I guess another thing I often
Speaker:say, too, is there's getting the business and then
Speaker:doing the right. Right. But, yeah, I think overall,
Speaker:time kills deals.
Speaker:Craig, if someone wants to reach out to you,
Speaker:what's the best way for them to do that?
Speaker:Craig@copyandcontententententententgroup.com but I'm also for any that's just kind
Speaker:of generally speaking, if they want to chat about
Speaker:something, but obviously Craig@inman.com, for any reviews or ideas
Speaker:they have for stories, I love to hear it.
Speaker:Love to hear from people. The more industry feedback
Speaker:and people's ideas we can get, the better. So,
Speaker:yeah. Craig@inman.com well, Craig, thank you so much.
Speaker:For the time today. I'm very happy for you
Speaker:because I know there's a lot of snow waiting
Speaker:for you right outside your door. Right?
Speaker:Yeah. Don't try and reach me this weekend.
Speaker:Thanks again for all your time. I appreciate it.
Speaker:Yeah. Thank you, Bill.
Speaker:Thank you for listening to the real estate sessions.
Speaker:Please head over to Ratethispodcast.com Forward slash Re Sessions
Speaker:to leave a review or a rating and subscribe
Speaker:to the Real Estate Sessions podcast at your favorite
Speaker:podcast listening app.