EP 340: TigerProp Eliminates Real Estate Broker Fee, Did $800k in 2015 with Max Coursey

Published: June 29, 2016, 9 a.m.

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Max Coursey, a real estate broker and the founder of Tiger Prop - a real estate brokerage company that\\u2019s giving its buyers their money back. Tune in to hear about Max\\u2019s innovative brokerage model, how to create an insanely successful co-working space, and why you should be having more fun.

Famous 5:

Favorite Book? \\u2013 The E-Myth Revisited
What CEO do you follow? \\u2014 Elon Musk
Favorite online tool? \\u2014 Paperless Pipeline
Do you get 8 hours of sleep?\\u2014No
If you could let your 20 year old self know one thing, what would it be? \\u2014 How to bite my tongue

Time Stamped Show Notes:
01:04 \\u2013 Nathan\\u2019s introduction
01:25 \\u2013 Welcoming Max to the show
01:34 \\u2013 Tiger Prop is a residential real estate brokerage in Boise
01:55 \\u2013 They credit 20% of brokerage fees back to the buyer
03:22 \\u2013 Why do people choose Tiger Prop over other brokerages?
03:25 \\u2013 They standardize professional photography, signs, flyers, and videos
04:20 \\u2013 They don\\u2019t take any money unless they move the property
05:30 \\u2013 Tiger Prop was launched in 2013
06:04 \\u2013 First-year revenue was around $200k
06:39 \\u2013 Now have 39 agents
07:22 \\u2013 2015 total revenue was around $800k
08:20 \\u2013 \\u201cWe\\u2019re starting a new co-working space in downtown Boise\\u201d
08:45 \\u2013 Sharing space with a designer furniture gallery
09:16 \\u2013 All agents are on the same split - Tiger Prop takes 30% of the brokerage fee and agents take 70%
10:31 \\u2013 The total revenue figures only include commission charged
12:09 \\u2013 There are multiple revenue streams in the building: furniture, coffee, and - soon - printing
13:50 \\u2013 Connect with Max on Twitter or at Tiger Prop
15:29 \\u2013 The Famous Five


3 Key Points:
If you\\u2019re in the business of selling, then find and pay the best agents you possibly can. The better your people, the better your business.
Find ways to make the space you work in, pay.
Have as much frickin\\u2019 fun as humanly possible
Resources Mentioned:
Host Gator \\u2013 The site Nathan uses to buy his domain names and hosting for cheapest price possible.
Freshbooks - The site Nathan uses to manage his invoices and accounts.
Leadpages \\u2013 The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
Audible \\u2013 Nathan uses Audible when he's driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.

Show Notes provided by Mallard Creatives

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