Jan 28, 2021
Summary: In this episode the Propcast talks to
John Meadows and Noah Isaacs from Bowery about how tech is
revolutionising appraisal.
The
Propcast by Louisa Dickins, Co-Founder of LMRE the leading Global
PropTech recruiter brought to you in partnership with UK PropTech
Association, The UK PropTech Association is a membership
organisation to drive the digital transformation of the property
industry. This show will focus on connecting the Proptechs, real
estate funds and VC’s globally…and get everyone talking about
innovation of the build to rent environment.
About Our Host
Louisa Dickins
Louisa started her career in property working at a well-known
estate agency in London. Realising her people skills, she moved
over to Lloyd May to pursue a career in recruitment. She now is a
Director at LMRE, who are a specialist recruitment firm driven by
PropTech and recruitment professionals, and Louisa oversees their 5
core areas. Louisa co-founded LMRE and provides a constructive
recruitment platform to the new disruptors in real estate. Louisa
is also on the board of Directors at UK PropTech Association
(UKPA).
About LMRE
LMRE believe there is a better way to recruit. LMRE focus on a more
comprehensive, client led focus delivering exceptional talent to
the right place at the right time. They are passionate about the
industry and passionate about people's careers. LMRE spend time
with each client to become and an extension of the business, and
their transparency and core values help them grow with the sector.
LMRE simplify recruitment and innovate with our clients and evolve
the people driven, PropTech community.
About Our Guests
John Meadows
John Meadows in the co-founder and co- CEO of Bowery Valuation.
Bowery is redefining the commercial appraisal space through big
data, advanced technology, and extensive expertise. Bowery improves
the efficiency of the commercial appraisal process by automating
tasks using their software product Prior to co-founding Bowery,
John worked at Leitner Group, now BBG, the largest independent
appraisal firm in New York City. In his 4+ years there he valued
over $3 billion of commercial property across all asset types.
Frustrated with the antiquated process of appraising, but excited
by the need for a better solution, he left to start Bowery with
Noah and Cesar in June of 2015. John graduated Magna Cum Laude from
the University of Pennsylvania with a degree in US History.
Noah Isaacs
Noah Isaacs is the co-founder and co-CEO of Bowery Valuation.
Bowery is redefining the commercial appraisal space through big
data, advanced technology, and extensive expertise. Bowery improves
the efficiency of the commercial appraisal process by automating
tasks using their software product. Before co-founding Bowery, Noah
worked for BBG, valuing over $2.5 Billion worth of commercial real
estate in New York. In 2010 he started his career in Baseball
Operations, “Money-Balling” for the Toronto Blue Jays. Noah
graduated from McGill University with a major in Statistics and a
double minor in Operations Management and Labor-Management
Relations. He has on multiple occasions lectured at Columbia
University, with a primary focus on PropTech and the future of the
real estate.
Resources mentioned
Key Insights In this Episode
- We realised there's so many other aspects of
an appraisal firm that we can change and make different and
hopefully make better not just from a tech standpoint, but from an
operational standpoint – John
Meadows
- Really, all of our success is due to the
people that we've attracted – Noah
Isaacs
- A huge part of how we think about building a
different culture is setting up a compensation structure that has a
really sizable equity component to it, that really connects people
with the large division - John
Meadows
- I think if you are able to attract a lot of
smart, ambitious people and put a problem in front of them, it's
pretty incredible what they're able to achieve – Noah
Isaacs
- We have one pretty significant advantage on
the product side, which is that we're building a tool for ourselves
internally today… It was originally Noah and I designing our dream
software for ourselves as appraisers – John
Meadows
- John and I were very intentional about
having gratitude be a core value that we built our corporate
culture around – Noah Isaacs
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