Where Real Estate Gets Its Dirt

Listing Bits Episode 82: Jeremy Henley of QuikFix

Dealing with things that come up during a home inspection is a challenge for all involved in a real estate transaction. 

But what if there was a way to get an accurate quote for home repairs in seconds? And then connect with licensed contractors who are available to do the work now?

Jeremy Henley is Founder and CEO at TheQwikFix, a proptech platform that leverages AI and predictive modeling to generate a quote for repairs based on the home inspection report.

On this episode of Listing Bits, Jeremy explains how his experience as a real estate investor inspired the creation of TheQwikFix and why contractors love getting work from its marketplace.

Jeremy describes who manages the process of using the platform to do home repairs, discussing how buyers can leverage TheQwikFix quote to negotiate—and then follow through on the repairs they care about after closing.

Listen in to understand why TheQwikFix doesn’t have issues with contractor availability and learn how Jeremy’s service makes life easier for contractors, buyers, sellers and real estate agents!

What’s Discussed:  

How Jeremy’s background in sales and cybersecurity led to founding a proptech startup

Jeremy’s experience as a real estate investor and how it inspired the creation of TheQwikFix

How TheQwikFix software generates a quote based on the home inspection report

Why contractors love getting work from TheQwikFix marketplace

The combination of AI and human confirmation TheQwikFix uses to generate a quote

Who manages the process of using TheQwikFix to do home repairs

Why contractors are willing to accept TheQwikFix’s binding quotes

How TheQwikFix does most of its business in SoCal but its service is available nationwide

How buyers can leverage TheQwikFix to negotiate and then complete repairs after closing

Why TheQwikFix doesn’t have issues with contractor availability

What Jeremy’s team is doing to help TheQwikFix stay top-of-mind with agents

The potential for TheQwikFix to handle ongoing home maintenance/repairs or remodels

Connect with Jeremy Henley:

TheQwikFix

Jeremy on LinkedIn

Jeremy on X

Resources:

TripIt

Expensify

1000watt

Proptech Buzz

I was catching up with Cameron Paine the other day he’s currently doing some consulting, and he told me about a new company he is advising called Proptech Buzz. The site launched only a couple weeks ago and is a free way for prop tech companies to launch their products and expose them to wider global audience. It’s social platform as well, so you can interact with real founders on the platform. Founded by Ravi Kumar, the process is pretty simple and according to Cameron it doesn’t need to be a new product.

Step 1 is you launch your product. You can include copy, screenshoots and video.
Step 2 you let as many people know about your product
Step 3 people can upvote your product and the highest voted products will see increased exposure

They have promoted over 100 products, have over 1000+ I’m told, and a few prominent VCs. Plus, there are other services than can be provided such as providing/connecting off-shore tech talent. If you looking for a free way to gain exposure for your product give them a try. I’m sure Cameron would also answer any questions you might have.

Legend

NAR CEO Bob Goldberg to Retire at the End of 2024

“Bob’s selfless commitment to our association has been inspiring to me and to everyone who’s served on NAR’s leadership team these past six years,” said 2023 NAR President Kenny Parcell. “He’s done so much in a relatively short time that will help Realtors® and consumers thrive both today and decades into the future. I’m incredibly thankful for that, and I know each of our members has Bob to thank for the innovations and advancements he’s championed in real estate markets across the world.”

Soon after becoming CEO, Bob spearheaded creation of the association’s Strategic Business, Innovation, and Technology team. Today, more than 220 global firms have been scaled through NAR’s growth accelerator, REACH, and its investment arm, Second Century Ventures.

Just one domestic REACH program was operating in the U.S. when Goldberg’s tenure began in 2017. Seven global entities now serve consumers, real estate agents and technology innovators, with REACH programs active in Canada, the United Kingdom and Latin America, among others. REACH participation has grown from 40 global enterprises to 211 in that time—a 400% expansion in less than six years—while SCV has simultaneously increased its investments from 12 to 73.”

I think it’s pretty well known that I’m a huge fan of Bob. His contributions have had an enormous impact on organized real estate. His journey over the past 4 decades is remarkable. From his days at PRC, the internet, portal wars, SCV, the GFC, Proptech, COVID, sub 3% interest rates, and the inventory crisis. May you live in interesting times indeed.

As of today, NAR membership is at its highest level ever, and more consumers used a REALTOR last year than any other year before.

via GIPHY

Silicon Valley Bank Real Estate Ripples

If you are looking for a good resource to understand the current situation with SVB and the effect it could have on the entire banking system I would recommend the latest “All In” podcast.

I’ve received a few texts over the weekend. This is not a “too big to fail” situation or a “tech bail out” this is a miss-management situatation. There are many companies in proptech (and some people you know) that are going to be effected. This needs to be solved (either by the federal government or an acqustions facilated by the fed) quickly.

Revive and NextHome partner to deliver move-in ready homes to Millennials

Revive and NextHome Partner to Deliver More Move-In Ready Homes to Agents

“In today’s market, the largest proportion of homebuyers — Millennials, comprising a full 43 percent of the homebuying population — are seeking homes that are ready for them to move in today. The latest research shows that 70 percent of Millennial home buyers will choose a smaller home that’s move-in-ready over a larger home that needs some attention.

Revive, the most complete presale home renovation solution for sellers, and NextHome, the No. 1 real estate franchise in the country in owner satisfaction, are joining forces to deliver more move-in ready homes to more than 5,500 NextHome agents in 610 offices across 48 states.

Revive’s concept is super interesting. Going beyond just “carpet and paint” can yield a huge potential upside on many properties. As someone who goes to open houses for fun I’ve seen many houses where one bad bathroom, or ugly tile in the kitchen makes the whole house a stinker. And, I’m sure many NextHome agents have seen tons more than I have.

Second Century extends its REACH down under

Second Century Ventures Announces Eight Companies Selected to 2023 REACH Australia Technology Growth Program

“Second Century Ventures, the strategic investment arm of the National Association of Realtors® and the most active global real estate technology fund, announced today the acceptance of eight companies to the 2023 REACH Australia program. Now entering its fourth year in Australia, the REACH growth program is designed to help technology companies scale their growth and make a lasting impact across real estate communities worldwide.”

Back in the day, the biggest 3rd party software company in real estate tech was Top Producer. Top Producer was a Canadian company. In fact, there were many Canadian 3rd party software companies doing business in the US. Now it seems that Australians are the new Canadians.

Propy announces “NFT-powered home purchasing platform”

Real and virtual worlds converge with Propy’s NFT-powered home purchasing platform

“The idea is that prospective buyers can tour a home (in a metaverse environment or in the physical world), see an inspection report – and then purchase the house in just a few clicks. From there, the record of ownership gets placed in your secure wallet. Home purchases can be made in crypto or fiat.

When you’re ready to sell it, you can perform the same process in reverse. Or if your property has not yet had its NFT minted, Propy can connect you with a crypto certified agent to help get your house ready for sale”

I am not a cryptocurrency or Web3 expert but I am still fascinated by it. It reminds me of the early days of PCs, which had a fair share of weird naming conventions and acronyms.

I’ve been following Natalia at Propy for a few years now and they always seem to be coming up with new ways for Web 3 and real estate to converge. I know we all have a lot on our plates but I think this is something we should all be paying more attention to.

See you next week in Orange County!

Right before I’m heading off to CMLS Drew Meyers and I will be co-hosting a soiree in Costa Mesa next Tuesday, the 27th. If you haven’t registered and want more information click here. The venue will be a garage/workspace where Dan and work sometimes and I keep my two classic VWs. So if you wanna check out my sweet 15 window ’59 Bus, have a few drinks, and hobnob with some of proptech’s finest join us!

And for those of you heading down from Los Angeles from the iOi Summit, I know a few have reached out about car-pooling or sharing an Uber. Hit me up if you need a ride and I’ll try and connect everyone. See you soon!

New Event: Join us in Orange County on September 27th

I’m kinda bummed that iOi Summit and CMLS are booked for the same week. Just another scheduling victim of the pandemic. CMLS runs from September 28 to September 30 and I’m way excited about going to Indianapolis, for what feels like a back-to-normal CMLS.

That being said Drew Meyers of Geek Estate reached out to me and asked if I wanted to co-host a pre-party for iOi Summit in Orange County. Drew does these “Sorries” as part of his GEM group. I had a bunch of fun with my Orange County Prop Tech Summit so I immediately said “Yes”!

Anyway, we will be holding it at Dan and my garage/office/maker space. See the link below if you are interested in attending.

Link for more details – > GEM Soiree – OC Edition

I just hope I don’t miss my flight to Indy the next morning!

P.S. For those of you coming to iOi Summit and not familiar with the area, the location of this event (Costa Mesa, CA – Orange County) is at least 45 min to an hour away (depending on traffic) from the iOi Summit event hotel (JW Marriott Los Angeles), so plan accordingly. If you are flying into the John Wayne airport (SNA) the event is only about 10 mins away.

Orange County PropTech Mixer is next week!

Pretty stoked about the response I’ve been getting for this event. We have a lot of great people attending and I’m looking forward to catching up with everyone. If you are in town I hope you can join us. We have a limited space on the patio reserved for us and just a few tickets left!

Register => Orange County PropTech Mixer

Sponsored By RentSpree