015 – Steven Abd El Hamid of LiveWith – Real Roommate Collaboration


Collaborative roommate and apartment finder app…

LiveWithProblem: Most roommate opportunities are short-term sublets of additional rooms. This can lead to unstable situations with people with whom one might not be the right fit — fitting a circumstance instead of the perfect match, bad for renters and landlords alike. What if one could connect with someone on their same wavelength on one’s search — together. Real roommate collaboration. The demands exists and is resonating so well, there is a surge of early adopters and brand partners.

LiveWithSteven Abd El Hamid, Co-Founder and CEO of LiveWith (a roommate and apartment finder app like no other, which makes it easy to find ideal roommate matches, chat, schedule and collaboratively rent an apartment together – all within one app) joins Thomas Kutzman and Scott Pollack in the MouthMedia Network studios powered by Sennheiser. Presented by Prevu.

In this episode:

  • Abd El Hamid reveals how 88% of Millennials are living with roommates, and have 4% less wealth than preceding generations, not as just a matter of choice or preference, but a necessity in most urban areas in the US and in Europe
  • How those Millennials require a mechanism to find a stable and desirable roommate situations as a matter of importance
  • The traditional process of finding roommates for many was relying on other agents talking to people like the person seeking a roommate situation, hoping that he/she was looking in same location, same budget, and same interests
  • LiveWithAbd El Hamid shares how he was co-owner of a real estate brokerage which matched roommates from Craigslist into situations, how they decided how to automate that process, and how they were looking at the most efficient ways to do that in the midst of carrying out a rental
  • How LiveWith is like date-matching tech mixed with the trend for everything to be available and transacted online, with the added impact of being able to consummate the entire rental through the product without having to leave the product
  • Why more companies don’t take this path – the technology exists but some of the powers that be have not had an incentive to build it out
  • Prospective roommates can chat via the LiveWith app and search all properties that fit preferencesLiveWith
  • How LiveWith uses general first-tier compatibility matching questions along with machine learning
  • The way LiveWith is referring business to various apartment providers, at a cost-per-click
  • What drove people to adopt LiveWith early on, and how most options are sublet-based
  • Societal and macro economic changes are driving symbiotic micro economic trends
  • Co-living situations, and “dorms for adults”
  • Sweden vs. USA, Abd El Hamid’s difficulty in transitioning from on Visa to another
  • How Abd El Hamid found his co-founder through an acquaintance
  • How vision plus effort can lead to success, and reaching for the sky as a an entrepreneur

009 – Thomas Kutzman of Prevu – On a Mission to Save Homebuyers Money


Smart online brokerage enable commission rebates via an end-to-end Platform…

PrevuThomas Kutzman, Co-Founder of Prevu (a smart online brokerage focused on saving people money) and host of “Real Estate Is Your Business” podcast, joins Scott Pollack and Pavan Bahl in the MouthMedia Network studios powered by Sennheiser.

Better Technology. Better Service. Best Commission Rebates.

PrevuKutzman touches on how commission rates too high in real estate, with rates in the US/NYC being double and triple than other developed countries, and how his experiences along with his co-founder Chase Marsh led to creating a solution with Prevu. He continues that in New York City the average real estate price is $1.5-2 Million with high commissions, and how it really is not free to be represented by buyer’s agent because it’s built into the price because of commission split with buyer’s agent. How Prevu gets up to two-thirds back on commissions of buyer’s side to the customer, receiving money back as a commission rebate check. It is not because of a lesser service, instead using technology for better experience for buyers and to make agents more efficient, plus a lower internal cost structure. Controlling the consumer experience and the quality of service and interaction. Despite some 30,000 licensed agents in NYC, 10% of them are doing 90% of work. The Prevu brand acquires leads and customers digitally, and provides more stability and experience/activity for Prevu agents. Plus, why it is a scalable model, and best for major markets.

Engineering a smarter buying experience

PrevuHow Kutzman has been looking at it through the lens of other industries have changed like travel and financial, changing the way agents com into the industry and their expectations of stability, and why you’ll never learn a profession doing it part time. Prevu’s compelling value proposition, the impact of the new tax reform on real estate, and why it won’t impact most people. And, making use of a commission rebate, and expanding to other markets.

Charitable giving, learning, and treating people well

Personal questions cover giving back, a focus on charitable giving, Children’s International, and Code2College which encourages STEM careers at a high school level for underprivileged and minority teens, and how encouraging tech careers at earlier ages leads to greater success. The NYU Violets, how Kutzman was encouraged to save and buy a property instead of having cancelled rent checks, making sure if you didn’t know something, go take a class to learn it. How there are a lot of great real estate people, and a lot of great technology people, but few have a lens on both areas. As time goes on, more people will know both. The meaning of success, a great mentor, treating people the right way serving you well, “The Monk Who Sold His Ferrari”, and “Principles”.