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Real Estate Sessions Rewind – Craig Rowe, Real Estate Technology Reporter, Inman News
Bonus Episode31st October 2023 • The Real Estate Sessions • Bill Risser
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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

Transcripts

Speaker:

Hi, everybody. Welcome to another Real Estate Sessions rewind

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episode. This week, we venture back to January of

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2022, and we're going to be listening to a

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replay of Craig Rowe, the real estate technology reporter

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for Inman News. He has a wonderful backstory filled

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with some amazing adventures, and I know you're going

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to love listening to it. Enjoy.

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So what's happening is the industry is learning to

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take all of this data, put it in this

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little machine, and then pump it out into any

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shape or form they want to use. Right. And

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they're doing some incredible things with it. There's a

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company called Top HAP that I just can't get

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enough of because they have these data driven real

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estate information maps that can track everything from CO2

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levels in the air to the history of a

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plot.

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You're listening to the Real Estate Sessions podcast. And

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I'm your host, Bill Risser, executive Vice President, strategic

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Partnerships with RateMyAgent, a digital marketing platform designed to

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help great agents harness the power of verified reviews.

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For more information, head on over to Ratemyagent.com. Listen

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in as I interview industry leaders and get their

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stories and journeys to the world of real estate.

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Hi, everybody. Welcome to episode 306 of the Real

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Estate Sessions podcast. Thank you so much for tuning

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in. Thank you so much for telling a friend

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today. I'm going to talk to a copywriter, a

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journalist, and a backcountry guide. Yes, I'm going to

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talk to Craig Rowe. Craig is the property tech

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real estate tech reporter for Inman News. I met

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Craig at the Inman event this past fall, and

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just a neat guy, and what a background. So

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we're going to have a lot of fun exploring

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some stuff outside of the world of real estate,

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and then we're going to talk about how things

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work at Inman. It's a very interesting conversation. So

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let's get this thing started. Craig, welcome to the

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podcast.

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Great to be here, Bill. Thanks for having me.

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Yeah, we met at the Inman event in Las

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Vegas. It was so much fun getting back in

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front of people again. And Molly McKinley knows you

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well, and it was nice having a conversation. I've

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read a lot of your columns. Tech is kind

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of my thing.

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Thanks.

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And it's obviously your thing, and so I appreciate

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all the work and the insight and the effort

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that goes into those. And we're going to talk

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a lot about that and also some more stuff

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as well. But I like starting where people grew

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up. It's always fun for me to see these

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different parts of the country. And for you. It's

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upstate New York.

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Yeah.

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Because first of all, I had no idea where

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Caledonia was, but then my first thought was, wait.

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Well, there's Rome and Syracuse and Mythica. It's got

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to be somewhere in that neighborhood. Now, I'm not

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too far off, right?

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No, you're not too far off. It is just

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south of Rochester.

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Okay. Gotcha. So let's talk about that sort of

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an upbringing growing up in New York and my

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guess know we're going to talk about what you're

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doing today. I'm going to assume that a lot

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of who you are today was influenced by where

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you grew up.

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Yes, it absolutely was. Yeah. I loved growing up

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in a small town and I am now full

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circle right back in a similar location here in

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Northern California. But yeah, Caledonia was really neat. It

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was definitely a small town. Had a lot of

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close friends. I have three older brothers and then

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in all our lawns we had all these families

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in the neighborhood. Right. And all the backyards met

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and the family down the street had six kids

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and in the back of us had also like

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five or six. So basically there was just this

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amalgamation of families all the time and all these

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kids of different age groups all the time interacting.

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Yeah, it was very Americana for the most part.

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This little town really fun. We spent all kinds

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of time outdoors. We were very much free range.

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Right. You could just open the door at eight

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in the morning and I'll come back at eight

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at night. That was pretty much it. And in

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those hours I could be anywhere from in the

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local trout stream, fishing and then at some point

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during the day you throw the pole back in

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the garage without your parents even knowing and then

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you take off again. And I could be riding

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my BMX bike for 2 hours and then in

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the afternoon we're playing football or Wiffle ball or

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baseball or something and that was it. Every day

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throughout the summer until winter stopped us from being

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able to do that. Kind of know I grew

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up in.

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San Diego, a little bit different situation. Still had

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that ability. Certain when the street lights went on

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I had to be home kind of mentality, which

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was cool. But that whole connectivity you talk about,

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right? Where the neighborhoods it wasn't people going into

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a garage and then going in through the service

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door to go in the house. Sure. You could

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get home and never see anybody if you wanted

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to. That wasn't the case for you. Everybody knew

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everybody. I love that. We're going to talk about

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how much of an outdoorsman you are, so we'll

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get to that later. But first let's talk about

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as you continue. You end up going to college

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locally. You stick around up there and you went

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to Nazareth College, I see, right. With you were

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an English major, which makes perfect sense because of

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what you do for inman. But you're also a

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soccer player, so we got to talk about that

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for a second.

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Sure.

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Yeah. First of all, the position in high.

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School, I played primarily forward and halfback because I

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was fast. I was not your foot skill guy.

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I was not beating a lot of people with

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a ball. I was fast and aggressive, so I

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was getting open. I was running down the opposite

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player's. Best guy.

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You were tripping people. I mean, tackling people.

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Yeah. Thankfully, my college coach kind of recognized that.

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And the position I grew into in college was

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essentially what someone would call kind of a marking

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back where my sole job was to follow around

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the other team's best player the entire game. Wow.

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And I made an art of it. And I

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meant, like, I would follow him to his bench,

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and when he stepped off the field, I'd go

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back to my field, I would really try and

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get into their heads. I had kind of an

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aggression issue, so that would often come out on

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the field. I led the team in yellow cards

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my senior year and got a couple of notable

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ones in college. But, yeah, I ultimately just kind

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of always relied on being fast in my speed

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for the most part. And I think that's what

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helped me excel, because, again, I wasn't by any

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means the best athlete on the field, but I

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was just aggressive and played hard all the time,

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and that led to that. But Caledonia was a

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football town, actually. It had one of the better

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football programs for many years in the state of

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New York. Overall, they were always good. So all

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the really good athletes played football, and I played

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soccer with a few of the other misfits. And

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then I ended up at Nazareth, which was a

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big lacrosse school and remains a very prominent lacrosse

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school also in the country in division three. But

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from what I understand in lacrosse, there's not a

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big difference between D three and D one. There's

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a kind of a fine line. Anyway. Yeah. So

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I ended up playing soccer at a lacrosse school.

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So we didn't have the best record, but it

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was still a lot of fun. Yeah. And I

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enjoyed it very much. While I was an English

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major, I actually started as an art major.

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Interesting.

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Yeah. I was always just always creative. I grew

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up drawing, but it was the same thing. I

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was very inspired by comic books when I was

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a kid, so I was drawing and writing all

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the time.

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So you go to art major, you turn into

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an English major. What was your plan? What was

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the thought process when you got out of school?

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Well, when I got out of high school or

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college? Out of college?

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Yeah.

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As you're entering, no plan. I talk about this

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often. I remember being at my girlfriend's apartment the

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night I graduated from college, and I just said,

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now what? And this goes right to my personality.

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Really? I'm not necessarily a planner. I'll just be

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frank. I am not really career driven. I'm much

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more lifestyle driven. And that kind of surfaced right

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when I got out of school. All my friends

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were headed off to Grad school, and I honestly

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have some regrets about that. I probably should have

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gone after an MFA in screenwriting or something, which

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is a big love of mine. Or like, magazine

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writing or straight into journalism. While I'm the only

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inman writer, I think, that does not have a

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journalism degree. I am the only one that had

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a real estate license. For a while, though, I

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was licensed in the industry several times. But anyway,

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yeah, I had no real plan. So I ended

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up moving down to Florida for a while with

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one of my brothers.

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And somehow you get involved in real estate. I

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believe it happened up in North Carolina, right?

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It did, yeah.

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So let's talk about going to Raleigh and what

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you were doing up there.

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Yeah, I think one thing that might be of

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interest, though, just to touch on what I did

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in Florida, is that's when I got into publishing

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in journalism, I had a short stint at the

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Orlando Sentinel doing graphic design when print ads when

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newspapers were still thick with classifieds. And I was

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doing all the design work on these huge, very

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expensive auto dealership ads, right, where you're placing the

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car image and you're getting down into the five

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point type, all that sort of thing. But I

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went from there and worked for a magazine company.

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Now, this magazine company was attached to a over

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the counter penny stock company. You've seen Wolf of

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Wall Street, right? Yeah. I was knee deep in

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that that environment. So if you remember those scenes

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in the movie when they're in this giant bullpen

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and all these guys are out on the phone.

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Picture me in an office just to the side

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of that with one editor, and he and I

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were putting together these magazines that were advertising these

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stocks. Wow. And even though it was much smaller

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and not New York City, that atmosphere was spot

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on. Wow. At one point, we went down and

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my editor told me not to go. He was

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a great guy, and he said, don't do this.

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I said, but it just sounds fun. The owner

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of our company rented a bunch of limousines, stocked

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them full of beer, and then what I learned

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later was drugs as well. And we drove down

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to Miami, or close to it, to look at

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a marina. This boat company that was building these

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boats on the way back is when everybody started

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to party. I was 23. I was pretty intimidated

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by what was going on. By the end of

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that car ride, one of the managers, a mid

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level guy, had fired everybody in the limos. He

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pulled over three times on the Florida turnpike and

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made people get out and find their own way

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back. I was the only one he was not

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in charge of, so he could not fire me.

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By the end of the night, like midnight, we're

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back in the parking lot, and it's me and

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this ravaging, coke addled drunk stockbroker and his girlfriend

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just sitting there staring at me because I witnessed

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this whole debacle fights inside. It was nuts. And

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there I was, the little magazine editor just standing

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there. But anyway, that's how I got started in

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publishing. That's great.

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I can't even imagine.

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Someone had died at my stint there. One of

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the guys died. He took too much coke and

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got in a hot tub and was left alone

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and croaked. Yeah, it's terrible. Like, oh, multiple fairs

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going on.

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So I live in Florida, so you're not painting

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the brightest picture of Florida. But that's okay. Nobody

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ever does, other than the weather.

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Other than that, I have a couple of good

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friends in.

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Good.

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Awesome. Awesome. Yeah.

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That kind of makes sense then, because your next

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role, you end up being a marketing manager for

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a real estate investment firm. So it kind of

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makes sense. That's kind of a flow out of

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what you were doing down there. Makes sense. Talk

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about that.

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Yeah, for sure. I went up to Raleigh to

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get back together with a girl I had dated

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in college I got a job with at the

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time was called CB. Richard Ellis. Oh, sure, CBRE,

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right. Yeah. Doing marketing for all the tenant reps,

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the listing brokers, asset services, those guys. And I

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tended to click pretty well with all the brokers,

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even though I was young and I was in

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this pod with kind of all the other assistants

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and stuff. I had some good marketing ideas. Now,

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back then, a good marketing idea was an animated

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PowerPoint. I mean, they just loved it. They couldn't

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get enough. Then I started doing some work in

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a software product called Flash by Macro Media, and

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it animated stuff you could publish on the web.

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And I was just making listing presentations and marketing

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materials, and people loved that. And then I got

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recruited to this team for CB's website. Their website,

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Rollout, was basically they had this master site, and

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then each office would have their own templates to

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populate with content. And I got this little side

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gig where I was going around to the different

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offices, helping them get up to speed with their

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website. So I would come into an office in

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Charlote or Nashville, Richmond, and help them get their

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website up to speed. So that's kind of how

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I got into the technology end of real estate.

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So then I would interview the agents and talk

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to them about what was good and what they

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should put on the site and what kind of

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content they should use, all that kind of stuff.

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Yeah, I did early work with Costar as well

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wow. When they were physically walking around office buildings

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recording space.

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Wow. Somehow we have to get you to a

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little town in California called Truckee.

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Sure.

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And for people that don't know, well, I can

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see you with the way we record this podcast.

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I can see you. You can see me behind

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you. I see snowboards. I see maybe a sled.

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There's some great stuff that tells me a lot

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about where you live.

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Yeah. So truckee. Yeah. My wife and I for

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years were traveling from the East Coast out west

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to hike and backpack and all the national parks

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and all that sort of thing. And having grown

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up camping all the time. Because where else do

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parents take four boys? You can't take them on

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a civilized vacation. You have to take them into

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the wilderness and hope they come back. Awesome. Yeah.

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So it was always kind of ingrained in me.

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So we ended up first in Las Vegas prior

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to here, prior to Truckee. And that's when I

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started doing my guide work, working as a backpacking

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guide, taking people on trips in the Grand Canyon

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and other parts of southern Utah in the Southwest.

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But Vegas is not I don't love it as

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a place to live. The town has a number

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of great assets and things going for it, but

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it was not for us. So we wanted a

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small town. Again, I was very fortunate. My wife

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is pretty well regarded in the world of college

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counseling and consulting in private schools. So she was

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recruited to a number of different mountain towns in

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the west jackson, Aspen, Vale, all these other places.

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But we ended up in Truckee for a number

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of reasons. A, it had great access to water

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at the time. It was more affordable than some

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of these other places. And just Lake Tahoe in

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general, like, this is just a pretty fantastic place

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to live. The summers are unbeatable, and then the

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winters, of course, typically are a heck of a

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lot of fun because the entire town, the entire

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kind of vibe of everybody is always to get

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on the mountain. Right. Everything is about the snow

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and then when it's going to happen. Some of

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the most fun times for me is this build

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up of a big storm coming like we just

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had over Christmas. It was just fantastic. And I

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just love that. I love that excitement. I become

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a kid again back in New York. Can't wait

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to get out and go sledding in the winter.

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And I get distracted. I have a hard time

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working when I know there's good snow out there.

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That needs to be mean. I'm very much like

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a child. Like, before the end of the school

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year or something, waiting for summer. I just get

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distracted by it and it becomes kind of all

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encompassing. Yeah. And again, Truckee being a small town,

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you get to know a lot of people quickly.

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You see them on the hill, you see them

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in the I do some stuff in the backcountry

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as well, some split. Just it's fun. There's a

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ton of Olympians and current pro athletes that are

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always around, and you never know who you're going

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to be sitting with. I have a local bartender

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that can do double backflips off cliffs. I have

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a good friend who's dating a four time Olympian.

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I love all this connection to outdoor sports and

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adventure recreation and everything. It's really fun.

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You're still doing your guiding, right? Backcountry guiding and

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that sort of talk about that. The typical client,

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it's not going to be a guy like me

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who doesn't camp. I would think it's probably somebody

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who's a little more in tune with nature, maybe

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more than actually.

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Well, you'd be surprised a little of both. I

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think the common client is someone who wants to

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experience some outdoors but doesn't really know where to

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begin, or they don't want to get into it

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full on. They don't want to go buy a

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bunch of equipment because they know they're only going

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to do it once or twice every few years.

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So they hire people like us to take them

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out. And the company I work for, they provide

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all the gear and we prepare all the food

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for them, and they get the permits right. They

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have a whole team dedicated to getting permits in

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these parks, in these remote places. It is a

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lot of fun. That is, quite frankly, the most

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rewarding work that I do is if you take

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someone who's never camped or hiked significantly, and, for

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example, you hike them for five days across the

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Grand Canyon. Now it's on corridor trails, so very

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well marked, like backcountry campsites. But they're developed. They're

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dedicated sites, and they have pit toilets. So technically

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it's backcountry, it's wilderness, but it's a little more

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developed. But even so, for some people, that is

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an immense experience. And taking someone who's never done

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that and something they don't even believe they can

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do, they're so scared and nervous about the hike

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and sleeping outside and all this sort of thing,

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and the reward that they feel. And to know

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that you had a role in helping them get

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through all these emotional hurdles and all this fear

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and experience, all this enjoyment, it's extremely fun and

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rewarding. I've had a lot of incredible experiences and

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gotten to know a lot of cool people from

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guiding them around different places in the woods.

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You're the only guest out of 306 guests, Craig,

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that we've had this conversation with. That's awesome. Thank

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you for bringing it to the get down. Let's

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get to the real estate. You know, we talked

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about the fact, I would guess the tech columnist,

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right, for inman. And first of, how did that

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come up? How did you connect with Brad, or

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was it someone else at the time that you

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connected with?

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I connected with Amber Toufin, who at the time

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was the editor. I was, again, just a freelance

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writer at the time. In 2009, I went out

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on my own, and I was working for real

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estate agents and different companies. But I actually always

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read inman because I was in real estate. I

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just was always on it and I just emailed

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them about being a contributor, someone who writes for

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free, right. As a way for me to potentially

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get more real estate business. Right. However, when Amber

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saw my background, she said, look, we're actually looking

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for somebody that understands technology and can be a

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regular paid contributor. So, yeah, as a freelance writer,

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a standard regular gig is awesome. Right. So you're

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not scraping to find to get pitches accepted and

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all that sort of thing. So I did a

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couple demo columns and then obviously she showed it

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to Brad. He liked it. I was very grateful.

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That's how it started. It started out as one

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wait, no, okay. It started out as one a

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week quickly went to one a day.

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Oh, boy.

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Yeah. It's very hard to sustain because you're going

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to run now and in 20, 15, 16 there

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just weren't that many yet. Right? There weren't that

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many new companies coming up as there are in

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the last few years now. But still, every day

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was really hard to do a demo, think about

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my views on it, compare and contrast it to

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other products out there. But then we kind of

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found a really good balance. And I really liked

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the atmosphere. I liked everyone I worked with inman

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that's one of the big reasons I very much

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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

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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

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just to give some people how it works if

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they want it. We sit in a room during

Speaker:

these Connect events. We sit in a room around

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a table. All of us are writing. And then

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these discussions will erupt about anything from a word

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we should use or not use. And we'll debate

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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

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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

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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

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it's at insert copy here. There's no better Twitter

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handle.

Speaker:

I didn't know that, but that doesn't surprise me

Speaker:

at all. She is very bright. That is great.

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Yeah.

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So it's very cool. I love the fact that

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the journalistic integrity of the company you work for

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matters. And however, there are a lot of I

Speaker:

don't want to say anti inman, but a lot

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of people think Brad's just trying to rock the

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boat or he's just saying stuff to make stuff.

Speaker:

Those do those work together? Or how do you

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handle that?

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No, I think Brad sees the role of journalism

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as to shake things up because that's where the

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last bastion of truth lives, societally speaking. And Brad

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is not afraid to call out the industry he

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serves for its drawbacks, which I think is great,

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and I support that fully. I talk a lot

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about issues that the industry has overall, whether it's

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with technology. I have a big problem with the

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way agents come in, are trained in the industry,

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how the low barrier of entry, and if there's

Speaker:

a reason why something's not working, look inward. And

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Brad is not afraid to do that. Right. He's

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not afraid to rock the boat, as you said.

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I support that fully. But you can rock the

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boat honestly in a forthright manner and still be

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very and be journalistic about it. Just saying something

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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

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I was writing regularly about the mortgage industry, I

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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

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say that and not be biased in any way,

Speaker:

shape or and I'm because me being a columnist

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and me being technically a contractor withinman. So I

Speaker:

am at arm's length from a lot of this

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stuff. I sometimes will jump into the comments when

Speaker:

someone is calling out Inman's journalistic integrity, if it's

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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

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talk about Zillow a lot because they shook up

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the industry. They came charging in and did something

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totally different. The same thing with Compass, right?

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Yeah, you're right. You're absolutely right.

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Yeah. People need to understand what news. I would

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love it if they just asked if a commenter

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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.

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You're coming up on like seven years or so.

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I'm working with them. And let's talk about the

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different tech sectors a little bit. I don't know

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if this is something you can identify, but is

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there one tech sector right now that's just like

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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?

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Well, obviously, yeah, the showing technology stuff, everyone's scrambling

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to fill that niche, and only a couple have

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done it. Right. And I think there's a reason

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why they have. So, yeah, showing tech stuff is

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really building up quickly. But on top of that,

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on a bigger scale, that's kind of a smaller

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niche within the industry, but on a larger scale,

Speaker:

it's obviously alternative finance. It's the companies like NOC

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and Divi and Landing, these companies that are providing

Speaker:

unique ways for people to buy and sell homes,

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whether it's rent to own, buy before you sell.

Speaker:

All these alternative financing companies out there, I don't

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love that some of them are positioning themselves as

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technology companies. I think that's a lot of Wall

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Street stuff, to be honest. Like, they're doing it

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to be in the prop tech circle. But what

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they technically, legally are is a mortgage company right

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now. I don't blame them for that. They have

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to do what's best for their company. Right. But

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some of the positioning annoys me a bit. A

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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

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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

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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

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has a ton of stuff to be writing about

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these days. Yeah.

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Is there something relatively new, like just popping up

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on the scene that's piqued your interest, we'll say?

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Well, I think it's not a specific it's hard

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to classify, but the use of real estate data.

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So the way that companies are is it the

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best way I can describe it is do you

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remember that old toy that. Playdoh had, where you

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could just put a shape on the end of

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a little like a compressor. You put the Play

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DOH in, you can put a different shape on

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the front and press it through, and it would

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come out in the shape of a star or

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like spaghetti, right? Yes. So what's happening is the

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industry is learning to take all of this data,

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put it in this little machine, and then pump

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it out into any shape or form they want

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to use, right. And they're doing some incredible things

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with it. There's a company called Top HAP that

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I just can't get enough of because they have

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these data driven real estate information maps that can

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track everything from CO2 levels in the air to

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the history of a plot you're about to buy.

Speaker:

You can look at these heat maps, and it

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shows you, based on price and square footage and

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everything exactly where a neighborhood is moving. Now, those

Speaker:

are valuable tools for real estate agents because they

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can look at that and go, okay, I'm going

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to focus on this market that in eight months,

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everything's going to push into this area. In eight

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months, I'm going to start targeting them. So when

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that little community is ready to pop, I'm going

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to be there.

Speaker:

That feels a lot like what commercial brokers have

Speaker:

done forever manually. Right? Because it's all about identifying

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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.

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When I was at CBRE a long time ago,

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I had a buddy who was the assistant to

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the land broker, and all the land broker told

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him to do for months was go to the

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zoning office, get plot maps, and then drive around

Speaker:

the city. This was in Raleigh, North Carolina. Drive

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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

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at it. Look at it on the he did

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that for months, and that's how he understood everything

Speaker:

that was going on with these properties. What's coming

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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

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it to somebody who's visual like me. I'm not

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a numbers guy. I can't do math. But when

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you show me all these presentations that are all

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really cool. I think that's incredibly powerful. Heck, man,

Speaker:

if they manage to turn some of this data

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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,

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they're impressive and they're fun to watch. I love

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looking at them. I'm a visual guy. I have

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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

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to see another five paragraph written market report and

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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

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yourself and your company online easily to clients is

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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

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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

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