Proptech Talk Thursday | Homebound

I'm delighted to introduce a new series called Proptech Talk Thursday. Every Thursday, I will interview executives at a Proptech company or provide my candid reviews/thoughts. The Real Estate industry is one of the slowest to adopt technology as one of the reasons is it’s extremely fragmented. However, it doesn’t stop companies to try to figure out solutions for these really big problems. This week, let’s take a look at Homebound. Think of them as a tech-enabled general contractor.


As of January 2020, Homebound has raised a $35M Series B round totaling $53M. They claim to have developed tools to track and manage 370 unique tasks when building a home. Anyone that has done renovations, knows there are all of the components involved. This is magnified when dealing with ground up construction where there are even more complexities. They currently cover Sonoma, Napa, and Contra Costa county, Los Angeles and Ventura counties.


So what are my thoughts on this company? I think they are certainly onto several fronts. The industry is extremely fragmented as it’s hard enough to find good people that can be trusted time and time again. So the level of standard is very hard to come by and is even harder to scale. As they focus in certain areas, they can dominate those counties so as they go get permits/approvals, they may be able to bypass and streamline things with the city officials given the officials see them time and time again with the same processes. They may also leverage on supply discounts. Since they are basically a mini builder, they don’t have the downsides of the land costs, but have the potential volume of material whether it could be lumber, concrete, and standard appliances. The thing that makes this the most interesting is that if they can truly make it seem like the process of building is easy, it would democratize the construction industry itself allowing a lot more people to feel they have the confidence to build a home. This opens up a lot of interesting and creative in-fill opportunities all around.


What are the challenges? Their current model is that they play as a General Contractor and they sub out the work. A big challenge of this industry is finding reliable sub contractors in the different cities they operate. There is a big shortage of these talented individuals so hopefully they can come out with some sort of training program especially given unemployment is so high these days to train these subcontractors. Another challenge is that they are not widely known yet. The industry itself is really about referrals and those referrals are very tight knit. Top contractors and subcontractors are extremely busy so many people that they try to recruit, may not be very good subcontractors as they have plenty of work already. Technology is also not the easiest for construction workers to use. Construction workers have operated in a certain way for a very long time so for them to be trained on new tools and systems, is just not that simple.


I hope you enjoyed this new series.


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If you’re interested in buying, selling, or investing in residential or commercial real estate in the 📍SF Bay Area, contact me today!


📧Spencer@spencerhsu.com

📞 (408) 547-4590

⏰ Set up a time to chat: https://calendly.com/spencerhsure

🌍 Find your dream Bay Area home https://www.homesbyspencerhsu.com/

🎙️ Listen to my podcast: https://redcircle.com/shows/bayarearealestate

📸Follow me on Instagram: https://www.instagram.com/spencerhsure

🧑‍💼 Let's connect on LinkedIn: https://www.linkedin.com/in/spencerhsu

🛎 Don’t forget to subscribe for the latest real estate tips and updates: https://forms.gle/c5xkznHLTBh7Yzgi7

🏠💲 Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMW

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My Background: Born and raised in the Bay Area, I spent 11 years as Technology Sales Manager before becoming a Realtor. Having personally invested and done renovations through house flips in the Bay Area, I wanted to help busy professionals in the Bay Area tech industry find their dream home by leveraging tech, data and local insights. Our team specializes in creating trusted frameworks of buying, selling, and investing in the Bay Area. In 2022, we are thrilled to share that we have helped 80 clients in the Bay Area with their moves, which positions our team as the Top 1% groups in the country. Looking forward to helping you into your next home and save/earn you more money!

Spencer Hsu, MBA, Realtor

Spencer@SpencerHsu.com

408-547-4590

EXP Realty DRE #02077253

https://www.homesbyspencerhsu.com/

#BayAreaRealEstate

Avsnitt(362)

PROS & CONS LIVING IN FOSTER CITY 2024 | Moving to Foster City | Bay Area Real Estate

PROS & CONS LIVING IN FOSTER CITY 2024 | Moving to Foster City | Bay Area Real Estate

Today, I'm taking you on a journey through the ins and outs of living in Foster City CA in 2023. If you're thinking about moving to Foster City or investing in Bay Area real estate, you won't want to miss this! I'll be sharing my insights on everything from the dynamic cultural scene to the cost of living. Don't forget to hit that like button, drop a comment, and subscribe for more Bay Area living tips. Let's discover Foster City together!--Spencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area find their dream homes by leveraging tech, data and local insights.CONTACT ME: Call / Text: (408) 547- 4590DRE 02077253Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #siliconvalley

3 Jan 20244min

Morgan Stanley Predicts a Decline? | Bay Area Real Estate News | Dec 2023 | Bay Area Housing Market

Morgan Stanley Predicts a Decline? | Bay Area Real Estate News | Dec 2023 | Bay Area Housing Market

Stay up-to-date with the latest trends and insights in the Bay Area real estate market for December 2023. Learn what's driving the market and how it may affect your home buying or selling decisions.Spencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area tech industry find their dream homes by leveraging tech, data and local insights.CONTACT ME: Call / Text: (408) 547- 4590DRE 02077253Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #MovingtoCalifornia

3 Jan 202418min

Bay Area Living: 5 Life-Changing Reasons to Make the Move

Bay Area Living: 5 Life-Changing Reasons to Make the Move

🌟 Unlock Success in Silicon Valley: The Smart Move to the Bay Area! 🚀Are you pondering your next career move? Wondering where the heart of the tech world beats strongest? Join me, Spencer Hsu, your Bay Area Real Estate Agent, as we delve into the top 5 reasons ambitious individuals choose Silicon Valley as their playground.🌐 1. Job Opportunities Galore!Silicon Valley isn't just a tech hub; it's a career launchpad! Discover why this region attracts the brightest minds and most innovative companies, offering unparalleled job opportunities to those ready to make their mark.👥 2. Ambitious People and Thriving Work CultureSurround yourself with visionaries and pioneers in a work culture that thrives on ambition. Silicon Valley is the breeding ground for collaboration, innovation, and success. Find out why being part of this dynamic community can elevate your career to new heights.🍽️ 3. Location, Food, and LifestyleEasy access to diverse, mouth-watering cuisines, coupled with a lifestyle that caters to outdoor enthusiasts. Explore the vibrant food scene, and discover the myriad of activities the Bay Area offers, from running and hiking to skiing and wine tasting in nearby havens like Mendocino County and Carmel.☀️ 4. Weather and LifestyleBask in the Bay Area's unique weather, perfect for an active lifestyle. Whether you're into outdoor adventures or seeking a laid-back experience, Silicon Valley provides the ideal climate for both work and play.💲 5. Investment Opportunities in Real EstateThe elephant in the room: Cost. While rent may be higher, discover the financial wisdom behind investing in Bay Area real estate. I'll break down the myths, share success stories, and show you how owning property can be a game-changer for your financial future.🏠 Real Estate Wisdom: Homeownership in Silicon ValleyLearn the secrets of house hacking, living further out for affordable rents, and making savvy real estate investments. Uncover the numbers that demonstrate the incredible growth in Bay Area home prices and debunk the myths surrounding condo investments.📈 Condo Appreciation: A 335% Success StoryThink condos don't appreciate? Think again! Explore the surprising appreciation rates of condos compared to the national average, proving that condominiums can be a lucrative investment in the Bay Area.🌈 Create Your Game Plan Today! 🗓️Ready to make the smart move? Let's set up a Zoom strategy call. Call or text me at 408-547-4590, or find a convenient time in my calendar linked in the description. Whether you're considering a move to Silicon Valley or already here, let's navigate your options and create a personalized game plan for success!🌐 Connect with Me:📞 Call/Text: 408-547-4590Don't miss out on the Silicon Valley experience—subscribe, like, and share this video to unlock the secrets of success in the Bay Area! 🌟 #BayAreaLiving #SiliconValleySuccess #realestatewisdom --Spencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area find their dream homes by leveraging tech, data and local insights.CONTACT ME: Call / Text: (408) 547- 4590DRE 02077253Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #siliconvalley

3 Jan 20246min

Bay Area Real Estate: What to expect in the next year | 2024 Forecast

Bay Area Real Estate: What to expect in the next year | 2024 Forecast

🏡 Explore the Future of Bay Area Real Estate | 2024 ForecastCurious about what lies ahead in the dynamic Bay Area real estate market? Join us as we delve into the 2024 forecast, discussing anticipated trends, market shifts, and potential impacts on buyers and sellers. Gain valuable insights from industry experts, and make informed decisions for your real estate journey. Don't miss this comprehensive overview of the Bay Area's real estate landscape—subscribe now for a glimpse into what the next year holds! 🌟 #BayAreaRealEstate #2024Forecast #RealEstateTrends #HousingMarket #PropertyInvestment--Spencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area find their dream homes by leveraging tech, data and local insights.CONTACT ME: Call / Text: (408) 547- 4590DRE 02077253Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #siliconvalley

3 Jan 20246min

Exploring Fremont, California: Pros and Cons of Living in this Quiet Suburb

Exploring Fremont, California: Pros and Cons of Living in this Quiet Suburb

Welcome to Fremont, California, the hardware side of the Bay Area! I'm Spencer Hsu, a Bay Area Realtor and native, and in this video, I'll be your guide through the pros and cons of living in Fremont to help you decide if it's the right place for you.🏡 Diverse Housing Options:Fremont offers a diverse range of housing options, from cozy apartments to spacious townhomes and new condos under construction. Whether you're a first-time homebuyer or looking to upgrade, Fremont has something for everyone.📚 Top-notch Schools:Education is a priority in Fremont, with an excellent school system that caters to families seeking a community that values learning.🍽️ Culinary Delights:Foodies, rejoice! Fremont is a haven for diverse culinary experiences, from local gems to international cuisines. Personally, I love the Indian, Chinese, and Japanese food scene here.🏡 Quiet Suburb Life:Escape the hustle and bustle of city life and enjoy the tranquility of suburban living in Fremont, where parking is a breeze, and navigating the city is stress-free.🌳 Beautiful Parks and Recreation:Fremont boasts fantastic parks catering to various interests, providing opportunities for leisurely strolls, tennis, vibrant festivals, and even soccer enthusiasts.🚇 Public Transit Options:Getting around is easy with access to BART and Amtrak, making daily commuting and exploring surrounding areas convenient.🏥 Quality Healthcare:Fremont ensures residents have access to reputable healthcare facilities like Washington Hospital, Kaiser, Sutter Health, and Fremont Hospital.🌞 Mild Climate:Enjoy a Mediterranean climate with mild, wet winters and warm, dry summers, making outdoor activities ideal year-round.Now, let's talk about the cons:🌃 Limited Nightlife:Fremont tends to be quiet after dark, with limited options for evening entertainment. Night owls may find the nightlife scene lacking.🚗 Traffic Woes:Traffic congestion along highways can be challenging during peak hours, especially given Fremont's central location, attracting commuters from various areas.🏡 Housing Prices:The real estate market is competitive, leading to higher housing prices. Condos start at $770k, townhomes at $1.1M +/-, and SFH median is $1.75M. Nearby areas like Newark or Union City offer more affordable options.In conclusion, Fremont offers a peaceful suburban lifestyle with trade-offs. If you're considering a move, carefully weigh these factors. Let's craft a game plan for your buying and selling goals.--Spencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area find their dream homes by leveraging tech, data and local insights.CONTACT ME: Call / Text: (408) 547- 4590DRE 02077253Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #siliconvalley

3 Jan 20244min

New California Housing Laws 2024

New California Housing Laws 2024

🏡 New S.F. Housing Scrutiny: California's Annual Check-InIn a groundbreaking move, California's housing agency will commence yearly evaluations of San Francisco's progress toward state-mandated housing goals, beginning next year. This heightened scrutiny, championed by Senator Scott Wiener, places San Francisco under a more frequent review compared to other regions, which will be assessed every four years. Wiener, the law's architect, attributes this decision to his city's sluggish pace in approving new housing projects, blaming the Board of Supervisors and the notoriously slow permitting process. The newly enacted law, SB423, adds to the mounting pressure on San Francisco, following an unprecedented audit of its housing approval process by the state housing agency. Failure to streamline processes may lead to the city relinquishing control over permitting.🏠 "Yes In God's Backyard" Law: Affordable Housing SimplifiedBreaking barriers to affordable housing, SB 4, or the "Yes In God's Backyard" (YIGBY) law, provides a streamlined path for churches and nonprofit education institutions to build affordable housing on their land. This exemption spares them from the cumbersome rezoning process and reviews under the California Environmental Quality Act (CEQA). Anticipated to open up approximately 171,000 acres for development across the state, this law is a crucial step in addressing California's housing crisis. Organizations opting for streamlined affordable housing must commit to maintaining the affordability of homes for a minimum of 55 years for rentals and 45 years for owner-occupied units.Read more about these developments at SacBee.🔒 Security Deposit Cap: A Game-Changer for RentersNavigating the rental landscape in many California cities can be daunting, and sky-high security deposits only exacerbate the challenge. Current state law permits landlords to request security deposits equivalent to two months' rent for unfurnished units or three months' rent for furnished units. However, with the implementation of AB12 by San Francisco Assembly Member Matt Haney on July 1, 2024, this will be capped at the equivalent of one month's rent. This move aims to alleviate financial burdens on renters and improve access to housing in high-demand areas.🛴 SB 712: Storing Mobility Devices in Rental SpacesIn another tenant-friendly move, SB 712 allows tenants to store electric scooters and bicycles in their apartments, provided the battery meets specific safety standards. In cases where the battery falls short of safety criteria, tenants may need to obtain liability insurance or may face restrictions on charging the mobility device indoors.Stay informed about California's evolving housing landscape as these laws come into effect and shape the future of housing in the state.-Spencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area find their dream homes by leveraging tech, data and local insights.CONTACT ME: Call / Text: (408) 547- 4590DRE 02077253Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #siliconvalley

3 Jan 20246min

Bay Area Real Estate Market Update 2024

Bay Area Real Estate Market Update 2024

Welcome to our latest Bay Area real estate market update for 2024! In this video, we'll dive into the current state of the Bay Area housing market, providing you with valuable insights, trends, and predictions to help you navigate this dynamic real estate landscape. Whether you're a prospective buyer, seller, or simply interested in the housing market trends, this video is a must-watch. Stay tuned as we break down the latest statistics, discuss key factors influencing the market, and offer expert advice to make informed decisions. Don't forget to like, subscribe, and hit that notification bell to stay up-to-date with all things Bay Area real estate! 🌆🏠 #BayAreaRealEstate #RealEstateMarketUpdate #2024HousingTrendsSpencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area find their dream homes by leveraging tech, data and local insights.CONTACT ME: Call / Text: (408) 547- 4590DRE 02077253Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #siliconvalley

2 Jan 202411min

Unlocking Wealth at Home: Bay Area Luxury Estate Sale Interview with a Top Liquidator

Unlocking Wealth at Home: Bay Area Luxury Estate Sale Interview with a Top Liquidator

Discover the secrets of unlocking wealth from unwanted belongings with Kuzak's Closet, a full-service professional estate liquidation company in the Bay Area! In this video, we sit down with the experts to learn how they help clients transform their unused items into a goldmine. From luxury estate sales to unique finds, uncover the potential of your hidden treasures!

14 Okt 202322min

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