Future of Appraisal with John Meadows and Noah Isaacs

Summary: In this episode the Propcast talks to John Meadows and Noah Isaacs from Bowery about how tech is revolutionising appraisal.    The Propcast by Louisa Dickins, Co-Founder of LMRE the leading Global PropTech recruiter brought to you in partnership with UK PropTech Association, The UK PropTech Association is a membership organisation to drive the digital transformation of the property industry. This show will focus on connecting the Proptechs, real estate funds and VC’s globally…and get everyone talking about innovation of the build to rent environment.   About Our Host Louisa Dickins https://www.linkedin.com/in/louisa-dickins-ab065392/?originalSubdomain=uk  Louisa started her career in property working at a well-known estate agency in London. Realising her people skills, she moved over to Lloyd May to pursue a career in recruitment. She now is a Director at LMRE, who are a specialist recruitment firm driven by PropTech and recruitment professionals, and Louisa oversees their 5 core areas. Louisa co-founded LMRE and provides a constructive recruitment platform to the new disruptors in real estate. Louisa is also on the board of Directors at UK PropTech Association (UKPA).   About LMRE LMRE believe there is a better way to recruit. LMRE focus on a more comprehensive, client led focus delivering exceptional talent to the right place at the right time. They are passionate about the industry and passionate about people's careers. LMRE spend time with each client to become and an extension of the business, and their transparency and core values help them grow with the sector. LMRE simplify recruitment and innovate with our clients and evolve the people driven, PropTech community.   About Our Guests John Meadows  https://www.linkedin.com/in/john-meadows-7434a615 John Meadows in the co-founder and co- CEO of Bowery Valuation. Bowery is redefining the commercial appraisal space through big data, advanced technology, and extensive expertise. Bowery improves the efficiency of the commercial appraisal process by automating tasks using their software product Prior to co-founding Bowery, John worked at Leitner Group, now BBG, the largest independent appraisal firm in New York City. In his 4+ years there he valued over $3 billion of commercial property across all asset types. Frustrated with the antiquated process of appraising, but excited by the need for a better solution, he left to start Bowery with Noah and Cesar in June of 2015. John graduated Magna Cum Laude from the University of Pennsylvania with a degree in US History.   Noah Isaacs https://www.linkedin.com/in/noah-isaacs-3a430278/ Noah Isaacs is the co-founder and co-CEO of Bowery Valuation. Bowery is redefining the commercial appraisal space through big data, advanced technology, and extensive expertise. Bowery improves the efficiency of the commercial appraisal process by automating tasks using their software product. Before co-founding Bowery, Noah worked for BBG, valuing over $2.5 Billion worth of commercial real estate in New York. In 2010 he started his career in Baseball Operations, “Money-Balling” for the Toronto Blue Jays. Noah graduated from McGill University with a major in Statistics and a double minor in Operations Management and Labor-Management Relations. He has on multiple occasions lectured at Columbia University, with a primary focus on PropTech and the future of the real estate.   Resources mentioned LMRE website www.lmre.co.uk UKPA website www.ukpa.com Bowery Valuation website www.boweryvaluation.com    Key Insights In this Episode   We realised there's so many other aspects of an appraisal firm that we can change and make different and hopefully make better not just from a tech standpoint, but from an operational standpoint – John Meadows Really, all of our success is due to the people that we've attracted – Noah Isaacs A huge part of how we think about building a different culture is setting up a compensation structure that has a really sizable equity component to it, that really connects people with the large division - John Meadows I think if you are able to attract a lot of smart, ambitious people and put a problem in front of them, it's pretty incredible what they're able to achieve – Noah Isaacs We have one pretty significant advantage on the product side, which is that we're building a tool for ourselves internally today… It was originally Noah and I designing our dream software for ourselves as appraisers – John Meadows John and I were very intentional about having gratitude be a core value that we built our corporate culture around – Noah Isaacs   Subscribe Apple | Google | Spotify | Stitcher | iHeart   A Podcast Company -  is the leading podcast production company for brands, organizations, institutions, individuals, and entrepreneurs. Our team sets you up with the right equipment, training, and guidance to ensure you sound amazing. - https://www.apodcastcompany.com and www.podcastsyndicator.com