What’s a product you would pay to use that doesn’t currently exist?
Any or all of the below? Any other ideas?
- website that continually updates the property tax methodology by county as well as city/county transfer tax so you just have to go to one site
- a new better Argus
- pre-built specific excel models
- VR/AR space buildout experience for pre-TI space build outs
- product like argus, but for multi rehab
If it knew, I would have already created it
A user-friendly version of GIS software. QGIS and ArcGIS are powerful but painful to use, with big learning curves. Something simpler and more intuitive would be widely adopted in RE acquisitions.
Esri tries to push Business Analyst Online as their gis tool for non-gis people.
For most people in real estate, Tableau would probably check all their GIS needs.
Tableau is great
But complicated. I miss the old Microsoft MapPoint. Batchgeo is not customizable enough.
Depending on your use, check out MapRight. Also, I would argue MapBox is a better product that ArcGIS, but also much more complicated.
A machine learning programme that can summarise leases and long legal documents into coherent ‘lay mans’ terms.
Check out clik.ai
An app that deciphers my MD’s handwritten “pls fix” notes
a pocket pussy that helps you trade derivatives
There’s internet connected sex toys with customizable vibrations. Hook up an API to your trading account, correlate the price actions with the vibrations and feel yourself getting fucked by the market in real time.
Smart "library shelf"
Smart assistant app (better and more personalized one than current ones)
Smart Excel and PPT creator
Burnout tracker
Out of the list you posted, I think only the property tax option would be a standout product. Would be very useful, god knows how much time I've spent researching local tax methodology and calling the city appraiser to get a feel for how they value properties.
A new, better Argus wouldn't succeed because Argus has such a stranglehold on the industry. It would be nearly impossible to get off the ground as much as I hate Argus. Financial modeling is easy enough to master, don't think there's enough demand out there for pre-built models for a successful business. Lots of companies doing VR/AR space buildouts already. No reason to do Argus for multi, its easy to model in excel.
I like the other suggestion regarding GIS software and machine learning for leases - GIS is a pretty niche skillset and tough to learn, and lease review eats up SO much time if your firm doesn't have in house counsel that will review and summarize for the acquisitions team. My concern with the machine learning program for leases though is adoption. How long will it take to get people to trust the program to catch sneaky language put into a lease that will only sound an alarm bell for an experienced reader?
Best comment so far, thank you
An application that correlates real estate with depending industries and market tendencies, e.g. for small business retail, laundromats, storage facilities, gas stations, etc
Something like this might exist for RE professionals, but the people in the business itself are unaware of this. Such a service would be cool. for buyers, landlords, tenants/operators, etc
There are probably countless items, but just a few:
I'm sure there's hundreds of other solutions I'd pay for, but would need to think on it more.
a "smart" toy to attach to baby crib that will entertain baby for an hour when they wakeup first in the morning
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