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 Industry

• Proptech 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 valuation
• Some models have pressure from interest rate risk from a macro perspective:
• Those that rely on the value of the real estate
• Those that rely on transaction fees
• Owners tend to gravitate towards assets that:
• Automate function
• Cut down costs
• Provides a competitive edge from a data perspective

.[09:38 - 27:11]  Prepare for The Market Shift

• SNAPPT is a fraud detection software for multifamily tenant screening
• The problem is that no solution can systematically detect fraud in some of the documents submitted and this is happening a lot
• Here are samples of actionable opportunities within the Proptech investment space
• What’s happening in the venture space today
• Public equities investments are volatile because of a lot of uncertainties
• Allocating into a venture at an earlier stage of growth is one of the best places to invest right now
• Valuations are more reasonable

.[27:12 - 34:44] The Appropriate Investment Strategy for Limited Partners (LP) Today

• Have enough exposure to different types of an asset class
• Consider inflation and its effects on your returns
• Allocate less to fixed-income strategies

[37:58 - 40:04] Closing Segment

Connect with Nish Patel by emailing him at nish@inertia.vc and check out his website at inertia.vc

Key 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 Patel

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