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We invested in a startup years ago, that didn’t work out, that created a home concierge/management platform. They would audit your home, create a maintenance schedule, & do everything for you related to you home — acting as your advocate with providers. It was magic.

369

jason@calacanis.com

@Jason

Jun 19, 2021

Imagine paying $5,000 a year to have someone manage your $1m+ home for you (and maybe $10k for a $3m+ home); eventually getting down to $3,000 a year for condos. Your appliances are all in an app with their series numbers & models, and when something breaks you press a button.

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Ian

@IanBandklayder

Jun 19, 2021

I own many rental properties and I manage them myself because I don’t trust property managers. You pay a fee so they can hire a plumber, then the plumber goes out and charges you a fortune. I would need a manager who’s pay is based on cost savings to make me comfortable.

Ian

@IanBandklayder

Jun 19, 2021

The property manager has no incentive to keep your cost down in best case and worst case they they get a kickback from the contractors

Replying to

and

Ya. Very hard to align incentives with this kind of work. You need someone who both knows what they’re doing and can be a hardass. They have to watch these dudes and the bills like a hawk. I’d maybe believe there’s value if the service cost $500/hr.

6:59 AM · Jun 20, 2021Twitter for iPhone

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