Page 18 - iNET Magazine April 2022
P. 18

By Stuart Gethner
             Technology  disrupts  everything.  It  started  with  the  Internet
             changing  the  way  people  found  goods  and  services.  Google
             took  the  place  of  the  Yellow  Pages  and  the  phone  book.
             Anyone remember Ask Jeeves? The Internet also changed the
             newspaper industry and how we gather our news.
             When  I  was  a  kid  growing  up  in  Chicago,  we  would  drop  our
             disposable camera off at the local Fotomat that resided as a
             hut in a retail parking lot.
             The  Internet  then  disrupted  the  retail  industry  via  e-
             commerce with Amazon being the main culprit. The pandemic      Stuart  Gethner  is  a  seasoned  Real  Estate
             certainly  helped  Amazon  provide  door-to-door  service  with  Investor  who  has  personally  invested  in

                                                                            over  10  million  dollars  in  single-family
             hard  goods.  Amazon  has  since  purchased  Whole  Foods  and  residences,  commercial  opportunities,  and
             can  now  deliver  fresh  groceries  right  to  your  door.  We  saw  hard-money  lending  transactions.  More
             disruption in the airline industry with Expedia & Booking.com.  recently,  Stuart  turned  his  attention  to
                                                                            education
                                                                                       both
                                                                                                          and
                                                                                              nationally
             That  transformed  the  disruption  of  the  vacation  travel  internationally  on  the  topic  of  Joint
             industry with Airbnb and Home Away/VRBO.                       Ventures within Real Estate Investing.
             In   New   York   city,   one   needs   to   purchase   a      Now,  the  CEO  of     Gethner  Education,
             certificate/medallion to drive a taxi. in 2013, a New York city  Coaching & Consulting, Stuart has coached
             medallion  was  $1.3M  and  now  they  sell  for  $85K.  Uber  hundreds   of   students   on   how   to
                                                                            successfully  invest.  His  Networking  REI,  a
             uprooted and demolished the taxi industry. Then Uber pivoted   thriving real estate investing group meets
             during the pandemic to create Uber Eats!                       monthly.  Additionally,  Stuart  is  a  Forbes
                                                                            Real  Estate  Council  contributor,  AZREIA
             When you call Southwest Airlines the recording states,         Instructor,  and  Contributing  Editor  to  the
             “Cheaper fares may be found online.”                           Real Estate Agent Magazine.

             Now it’s the real estate’s turn to be disrupted.

             The  disruption  in  real  estate  is  called  proptech.  The  goal  of  proptech  is  to  make  real  estate

             ownership easier, equating it to stock ownership via Robinhood. We can use proptech to find, finance,

             buy, manage, and sell real estate. Proptech has also created NEW business models.
             For  example,  Pacaso  (not  a  spelling  error)  makes  it  easier  to  buy  a  second  home  with  fractional
             ownership. Procore makes it easier to manage construction projects.
             Smart home tech is a thriving area of proptech that you probably are already using. One example is
             Alexa  or  Google’s  Nest.  Their  features  are  almost  limitless.  Currently  we  can  control  our  homes’
             lighting, media control, energy management, motorized window shades, home security, and more!
             Companies  like  Doorvest  and  Roofstock  automate  buying  property.  They  also  vet  property
             management companies, provide relevant financial data on those real estate portfolios, while also
             connecting investors to investment properties.
             We are watching the real estate world change right before our eyes and I encourage you to embrace
             these technological changes.
             One  must  stay  adaptable  to  these  changes  so  they  can  continue  to  participate  in  these  exciting
             times.  People  who  demonstrate  flexibility  are  excellent  at  constantly  keeping  an  eye  on  their
             personal and professional growth. This proactive form of adaptability will help you stay ahead of the
             curve and successfully tackle future change and challenges.

             Because change is constant and inevitable, we must be flexible to learn new technology. Though it
             might be cumbersome in the beginning, developers are keenly focused on user experience and their
             software  being  user  friendly.  Welcome  these  changes  so  that  you  can  continue  to  participate  and
             enjoy the experience and wealth real estate provides.

                                                                  Stuart Gethner, Gethner Education & Consulting
             iNETrepreneur Magazine | Page 18                                       https://stuartgethner.com
                                                                              Email: Stuart@StuartGethner.com
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