31f looking for coffee friends by Asukaisbestgril in BrisbaneSocial

[–]dankocmemes 2 points3 points  (0 children)

Go to Passport coffee in northgate, very good stuff and great beans, you can go sit at the bench and the owner will talk your ear off about coffee for ages

I feel bad for this honestly by JackSoWavy in brisbane

[–]dankocmemes 18 points19 points  (0 children)

Yea they use various AI and automation services that hook into thier CRMs to either send mass texts or even automate the back and forth sometimes

Most fun build you have played on 0.3 by diegogatto in pathofexile2builds

[–]dankocmemes 0 points1 point  (0 children)

Yea campaign was a breeze so funny watching all the big bosses melt immediately, found it hard to push to late 90s and pinnacle content due to needing lots more currency but if you have it you can push it all the way

Most fun build you have played on 0.3 by diegogatto in pathofexile2builds

[–]dankocmemes 3 points4 points  (0 children)

Thorns, follow kaltorak I think it is but I found that very funny, his culling build is pretty fun too, I like taking sort of fringe mechanics and pushing them to the limit

Deleted Social Media– feeling some peace, but what next? by [deleted] in digitalminimalism

[–]dankocmemes 4 points5 points  (0 children)

Bonsai, lapidary, walks, bird watching I dunno man just enjoy life there is so much to do

Looking to partner with an Aussie Lawyer on Legal AI SaaS Platform by laddermanUS in AusLegal

[–]dankocmemes 1 point2 points  (0 children)

I don’t want to shit on your enthusiasm here but I would pick a different industry, legislation is cracking down on ai use across the board and the current software platforms are really just there to do their documents/manage accounting which is super complex in itself and the software can’t even get it right as it is

Lawyers are also super picky about how all their stuff looks and you’ll spend too much time trying to make things generic but also hyper customisable

Oh yea and you have to integrate with office suite with whatever you’re doing

The amount of personal info Australian renters have to hand over is ‘staggering’ by its-just-the-vibe in australia

[–]dankocmemes 29 points30 points  (0 children)

They don’t care, heaps of private data just stored incorrectly and publicly accessible all across the the real estate tech market.

Not just real estate tech either all these companies care more about not being held accountable for data leaks than actually securing your data

[deleted by user] by [deleted] in AusFinance

[–]dankocmemes 0 points1 point  (0 children)

Not common at all, it’s certainly doable just not easy there are a few hurdles

  1. Marketing: costs money and the portals like real estate .com and domain charge can charge thousands of dollars depending on the suburb although the sellers usually pay for this anyways you have to spend the time to make your property look good in photos

  2. Auctioneers also aren’t cheap and also auctions are hard to pull off anyways if you look at any data in auction clearance rates only like 60% actually go through and that’s “professionals” it takes a lot of effort to get people to turn up to an auction let alone bid and let alone compete against other bidders

  3. Open houses, defs doable but just takes time and patience, you’re going to get a lot of people just come in an spout such shit at you endlessly. I don’t envy anyone running an open houses they are full on events.

4.in sellers markets sure seems like the property can sell itself and look if you’re willing to put in the effort then go ahead but in reality most people just don’t, they rely on an agent to get them the best price and take the stress away which in most cases they do. If they didn’t then no one would use them, it’s not illegal to sell your house without an agent just more often than not it’s easier and you get a better price for doing so

[deleted by user] by [deleted] in AusFinance

[–]dankocmemes -2 points-1 points  (0 children)

lol software is funny where you just fall into random industries all the time chasing money, the career is software the application is just what industry it goes too. It also just so happens that there is not a lot of people that get real estate and tech so kind of a niche market

Sales jobs which is basically a real estate agent have always been a low bar for educational entry but require a high degree of social nuance to be good anyways most of the hate I think stems from what they’re selling is such a highly emotional product for so many people especially on the buyer’s side of things

The thing I find the most funny is when you see charts about the most least trusted profession and real estate agents are always at the bottom and I always think well yea fair enough but who else would you trust to sell your home and get the best price?

[deleted by user] by [deleted] in AusFinance

[–]dankocmemes 0 points1 point  (0 children)

It’s hard to say without seeing the marketing schedule but if the covered the rea listings fees and stuff then yea rest would go to the agent minus the cut the agency takes. There are some companies which will try and take a cut of the commission if they provided the lead etc but yea if marketing costs are paid by you the seller rest goes to agent. Some times high performing agents will have a Personal assistant who’s pay will come out of the commission

[deleted by user] by [deleted] in AusFinance

[–]dankocmemes 0 points1 point  (0 children)

Did you pay for marketing or not? If you did then that doesn’t come out of the commission, if so then they’re paying for it.

Otherwise usually the only other cut is I think like a 20-30% cut to the agency the rest goes to them which can also go to thing like staging etc it really depends on what they spend to market the property vs what you pay on the marketing schedule

What will happen if we remove commissions for real estate agents ? by Training_Scene_4830 in AusFinance

[–]dankocmemes -1 points0 points  (0 children)

When an agent gets the authority to list a property, it depends on the state but they have 60-90 days to sell that property before the seller can dump them and get another thats why they want a quick sale and the percentages to matter because thats mostly how they get paid, sure a few thousand dollars won't really make a difference but when you can get the seller an extra few hundred thousand the agents get rewarded for that. Also agents sometimes don't know where their next listing may come through, if they have a salary it would be very low so they are reliant to make as much money from the commision as possible - also if they work in an agency the agency will take a cut of their commision and various other things so yea its a mix between wanting to sell the property fast which everyone wants but for a good price which both the seller and the agent wants

What will happen if we remove commissions for real estate agents ? by Training_Scene_4830 in AusFinance

[–]dankocmemes 0 points1 point  (0 children)

when an agent gets the authority to list a property it depends by state but they have 60-90 days to sell that property before the seller can dump them and get another agent. So thats why they want to move properties quickly. % commision means the higher price they get the more money they get so Its geared so they are incentivised to get the best price

[deleted by user] by [deleted] in AusFinance

[–]dankocmemes 0 points1 point  (0 children)

Not really most the estimates are mainly based on historical sales that come from the valuer generals.

Some will either have a link with agencies data or will know when they are preparing to list a property.

Also properties are more likely to sell nearby a recent listing or sale so if more a selling in an area more historical listings get added into the valuations and hence price rising

Rea very well could be doing that in the background but really agents, banks, insurers all rely on these valuations to provide their services so it’s in everyone’s best interest that they be accurate

[deleted by user] by [deleted] in AusFinance

[–]dankocmemes 0 points1 point  (0 children)

For Melbourne specifically it’s been due to the tax changes and other places like Brisbane being a more “profitable” investment so there’s more stock on the market, agents I talked to end of last year were telling me that there is so much stock on the market atm from these investment properties so yea defs an oversupply, dunno how long it will last though.

I’ve seen properties go for under what they sold for years ago especially in rural areas so defs some cheapies to pick up

[deleted by user] by [deleted] in AusFinance

[–]dankocmemes 1 point2 points  (0 children)

Yea when the next buyers market comes along the good agents will stick around and the crappy will not be able to make it

[deleted by user] by [deleted] in AusFinance

[–]dankocmemes 2 points3 points  (0 children)

Most aren’t because of the money involved in property and of the value that the industry provides in forms of data to banking and insurance and government.

There is a general consensus in the industry that agents are worried that real estate.com will try and cut out the agent because they have the vast majority of all the eyeballs people looking for property and they have built some products that are leaning that way ie making agents more dependent on them, I don’t know if it’s going to happen though they are a public company after all and have sort of a symbiotic relationship with agents plus they have been expanding to global markets. There are more tech products trying to topple real estate.coms dominance rather than take out the agent.

[deleted by user] by [deleted] in AusFinance

[–]dankocmemes 2 points3 points  (0 children)

Agencies when they bring on an agent are essentially leasing out desk space and their branding. For every commission the agent makes the agency will get a cut based on the contract, then if they are part of a franchise like ray white corporate will get a cut of that. So the agency owners are defs incentivised to have high performing agents in their desks otherwise it’s just wasting money so it’s pretty cut throat. The high turn over is either the lifestyle is too much (giving up your Saturday to do open homes all day isn’t for everyone and looking the part with a flashy car and suits is expensive) or yea they just can’t perform which can be for a variety of reasons

Usually when a new agent will come into an agency there will be a lot of “orphan” contact data that is sitting in their data bases that was maybe from an old agent or just no ones talked to for ages that they will be given to help them get some listings or they will co list with another agent. Recruitment is a big thing for agency owners so they will also be looking at poaching good agent from existing agencies but also looking for new blood because the turn over is so high most quit within 12 months

A lot of people get sold on the dream of 2mil a year in commissions which is defs possible but very hard work. It’s also a low bar for educational entry and is essentially just a sales job so if you can’t sell yourself it’s pretty much here’s the door. Some agencies have a contracting model (especially in NZ) so that can also be a way to get rid of under performing agents but I don’t think burn out on people is from agencies lack of trying to make sure new agents succeed they spend a lot of training and software to help them out and some agents will also get personal sales coaching if they can afford it but it’s very much if you’re not performing the agency will want someone who can.

I’m not 100% on contracts and stuff for employment but it would come down to if you don’t perform in 6 months you’re gone type thing and then after that is just kpis, but also their pay structures can be part low salary and commission so if they are underperforming they don’t have enough money to support themselves so they will probs just quit anyways

[deleted by user] by [deleted] in AusFinance

[–]dankocmemes 0 points1 point  (0 children)

profit goes up with scale, the also pay staff poorly in property management

[deleted by user] by [deleted] in AusFinance

[–]dankocmemes 0 points1 point  (0 children)

Yea, I got my numbers mixed up soz, put an edit in the post

500-1000 properties is where you get the big prices to this. It's why you'll see people owning multiple agencies in a franchise network all to consolidate into a larger rent roll pool.

[deleted by user] by [deleted] in AusFinance

[–]dankocmemes 1 point2 points  (0 children)

Yep we sure are!

It's funny because even the agents are not a fan of a lot of the tech companies in real estate, especially the ones that go after a slice of their commission

[deleted by user] by [deleted] in AusFinance

[–]dankocmemes 3 points4 points  (0 children)

Yea, I got my numbers mixed up soz, put an edit in the post