Keeping up with Innovation in Real Estate with Nish Patel
Nish Patel has a background in real estate investment banking, management consulting, and machine-learning-driven applications to emerging asset classes. Throughout his career, Nish has been involved in the investment and financing of over $2 billion in transactions across product types. Nish currently sits on the Board of Directors for companies collectively valued at over $600m. Key Highlights:[00:01 - 09:37] How Proptech is Changing The Real Estate IndustryProptech is a technology used by real estate experts to optimize the way people buy, sell, research, market, and manage a property.The two most recent significant changes in the real estate market are Institutional ownership and the COVID pandemic in terms of valuationSome models have pressure from interest rate risk from a macro perspective:Those that rely on the value of the real estateThose that rely on transaction feesOwners tend to gravitate towards assets that:Automate functionCut down costsProvides a competitive edge from a data perspective.[09:38 - 27:11] Prepare for The Market ShiftSNAPPT is a fraud detection software for multifamily tenant screeningThe problem is that no solution can systematically detect fraud in some of the documents submitted and this is happening a lotHere are samples of actionable opportunities within the Proptech investment spaceWhat’s happening in the venture space todayPublic equities investments are volatile because of a lot of uncertaintiesAllocating into a venture at an earlier stage of growth is one of the best places to invest right nowValuations are more reasonable.[27:12 - 34:44] The Appropriate Investment Strategy for Limited Partners (LP) TodayHave enough exposure to different types of an asset classConsider inflation and its effects on your returnsAllocate less to fixed-income strategies[37:58 - 40:04] Closing SegmentConnect with Nish Patel by emailing him at nish@inertia.vc and check out his website at inertia.vcKey Quotes: “It's not just about how many properties from a business perspective, how many properties can your sales team get into, but it's also about educating the consumer well enough to the point that they actually utilize this product.” - Nish Patel“Some of the best companies in the world Uber, Twitter, and Airbnb is a world we're built in downturns like in recessions.” - Nish PatelLIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.