Podcast: Will Technology Replace Your Real Estate Job?

Technology has already disrupted countless industries, forcing companies to either adapt or close their doors. Some argue that the real estate industry is ripe for major disruption; investor Engelo Rumora is one of them. He believes that agents and brokers are slowly losing their edge, and that technology may soon make them both obsolete. On this Real Estate Rockstars, Engelo shares his predictions on what will happen when the industry is finally forced to adapt in order to satisfy the needs of today’s tech-savvy consumers. Listen to this podcast and learn why your real estate job may not be as secure as you think.

Listen to today’s show and learn:

Engelo’s brief bio [5:10]
The number of homes Engelo has flipped to date [7:17]
What makes Engelo’s business unique [10:19]
Why the real estate industry hasn’t been majorly disrupted yet [18:53]
Engelo’s opinion of eXp Realty [23:12]
Why Engelo thinks agents should get 100 percent of the commission [26:03]
The reason real estate businesses should own their own tech [28:57]
Engelo’s prediction on what will happen to brokers [31:01]
Why Engelo thinks agents will be out of work within 30 years [36:33]
Where Engelo owns properties [38:39]
The importance of giving [43:05]
Engelo’s donation to the Agent Success Toolbox [46:10]
How to break through your goals.
Plus so much more.

Engelo Rumora

Engelo Rumora is a real estate executive, investor and former football player. He is the CEO and founder of a real estate investment company called Ohio Cashflow located in Toledo, Ohio, US. Rumora is a member of the Forbes Real Estate Council.

Engelo spent most of his childhood in his home country, Australia. He picked up playing soccer at a very young age and wanted to be a professional soccer player. He dropped out of high school at the age of 14 to focus on this sport. In 2005, at the age of 18, Engelo did become a professional soccer player but didn’t quite achieve the level of success he had wanted.

Since Engelo had not finished his formal education, he started working on construction sites as a laborer. As said by Engelo Rumora himself, everything changed when a friend gifted him the book “Rich Dad Poor Dad” by Robert Kiyosaki. Engelo then started attending a lot of personal development conferences and lectures on business, finance, real estate and investment. During one of these seminars, he met a real estate investor who mentored him and helped him in his initial journey of property investments.

In 2009, Engelo started working for him as an apprentice for a couple of years before moving on. His knowledge into investment coupled with construction knowledge led him to buy his first property in Victoria, Australia in 2012. Within the next six months, he bought seven more properties. After this, Engelo decided to move to the U.S.

After moving to the US, Engelo founded the turnkey real estate investment company, Ohio Cashflow. Ohio Cashflow specializes in providing turnkey properties in the Toledo, Dayton, Cincinnati and Columbus, Ohio markets.

In 2014, Engelo named 30under30 by Anthill Magazine. In 2018, Engelo featured in TLC episode “This Is Life Live”.

Related Links and Resources:

Thanks for Rocking Out

Thank you for tuning in to Pat Hiban Interviews Real Estate Rockstars, we appreciate you! To get more Rockstar content sent directly to your device as it becomes available, subscribe on iTunes or Stitcher! Reviews on iTunes are extremely helpful and appreciated! We read each and every one of them, please feel free to leave your email so that we can personally reach out and say thanks! Have any questions? Tweet me, Facebook me and ask Pat anything. Don’t forget to head on over to Bare Naked Agent for Pat’s answers, and advice. Thank you Rockstar Nation, and keep rockin!