Interview with Jonathan Miller of Matrix

[photopress:jonathanm.jpg,thumb,alignright]Jonathan Miller is definitely one of the hottest real estate bloggers around. With a constant flow of interesting insights, Matrix has quickly gained a national following. For me, he personifies the image of a blogger who is able to demonstrate their expertise through blogging.

What inspired you to start blogging?

Actually, it was podcasting. I got excited about podcasting last year and toyed with the idea of starting my own weekly podcast. Early podcasts like Slacker Astronomy, Evil Genius Chronicles and Rock and Roll Geek Show (before commercial media entered the arena) showed me that given enough passion toward your craft, the average person can develop a following without a whole lot of funding. That’s democracy in action. I still listen to various podcasts everyday and very little radio. With a wife and 4 kids and a business, the whole idea of time slicing is very appealing to me. However, when I sat down to actually do it, I realized this would not be a practical venue to deliver information to my clients and the public on a regular basis. I wanted a more spontaneous medium and I love to write. All the while I had been reading a few blogs up until that point, but I hadn’t considered doing my own blog. At the point I realized that running a blog was the way to go. In fact, I run two. Matrix which covers the national real estate economy and Soapbox which covers the real estate appraisal industry. On Soapbox, I have two appraisers who contribute some posts every week (not unlike RCG).

Are there any special topics or issues that you enjoy covering?

Lately its been real estate jargon – the communication of real estate information. For such a big investment, communication is not really standardized and its pretty low-brow. Basic terminology, broker speak, media characterizations of the market, etc. Its all fair game. Prior to that, I was all jacked up about the stats that we rely on from NAR, OFHEO and the Commerce Dept.

What have you done to personalize your blog?

Well, for one thing, I insert my own personal experiences as they relate to the post to let the reader know the level of my familiarity with the topic. I took the photo on the masthead of the post and I try to use my own photos as much as possible. Myself and my firm collect photos of New York and put some of them in our photo gallery on our company web site. One other thing that I enjoy and helps personalize Matrix is the title of each post. To be contrarian, I make them long and show contrast with a little sarcasm. Its the highlight of each post for me and the last step.

Do you have any favorite posts?

Definitely. My favorite post was done as a result of the release of my 3rd quarter market report which was covered in the front page of the NY Times. That story was largely credited with signifying the change in the market from frenzy to stable (so I am told). I was so inundated with calls for several days from government agencies, Wall Street investment banks, lenders, appraisers, real estate brokerage owners that I wrote this post so I didn’t have to say the same things over and over. The surge in traffic was an amazing. Manhattan After The Hoopla Over A 12.7% Drop: What Really Happened In 3Q 05? A number of brokerage firms printed the post out and distributed it to their brokers to help them answer questions about the market and Big media linked to it. Very gratifying.

What are some of your favorite blogs (real estate or otherwise)?

There are simply too many real estate blogs to name all of them here. I check in with about 100 blogs every morning using bloglines.com. Of course, RCG has become a daily read. Curbed gets special mention because they have been very supportive from the very beginning and opened my eyes as to how creative you can be in the delivery of real estate information. I write a weekly post for them called Three Cents Worth which has been a lot of fun. For New York stuff, I like the Gothamist for general NY activities, The Real Deal for NY Real Estate News and Property Grunt for his insight. For bubble sites, I like Housing Panic, Housing Bubble and Northern NJ Housing Bubble. For Big Media, I enjoy The Walk-Through (NYT) and Businessweek’s Hot Properties. For financial/business/markets I like Big Picture (amazing volume of content), The Stalwart (very sharp insight), Daniel Gross’ moneyblog (always great content), underthecounter (for perspectives on the financial markets), Calculated Risk (the best charts on the internet). For humor I like: Dave Barry (The king of short but hysterical posts) and the Dilbert Blog (amazing volume of content and insight). For marketing I like Seth Godin’s blog and Guy Kawasaki’s – full of common sense insights.

What tools/websites do you find most helpful in putting together your blog?

Nothing in particular. My developer took care of setting the sites up in WordPress and I requested certain tweaks to the features.

How does blogging fit into the overall marketing of your business?

It fits very well as far as indirect marketing goes. It extends the reach of my expertise which then benefits both my residential and commercial valuation forms. But honestly, that is a fringe benefit. I just like the idea of being able to share my ideas on a topic I never grow tired of.

What plans do you have to improve your blog over this next year?

On the technology side, I plan to upgrade to the new version of WordPress which will add more admin controls. On the user side, probably more user interaction, but I am not sure yet. I suspect most changes will come on impulse rather than some type of strategic plan – that’s the fun of it. Its really all about the content though – fresh insight rather than regurgitating what’s already out there..

What is the one tool or feature that you wish your site had?

I’ll know it when I see it. I think I am set for now.

What do you think real estate blogging will look like 3 years from now?

I imagine there will be a crash and burn of a large number of sites as their owners lose interest or market conditions change. They will be replaced by a slew of new sites. I can see how many webmasters make it their life’s work for a short period of time and then lose interest. For example, whether or not there is a housing bubble that bursts, I can’t see bubble blogs leading the way 3-4 years from now. It will be old news. New real estate topics or causes will take their place. Thats the beauty of blogging. There is virtually no startup costs other than time, so the response to various issues can be immediate.

Interview with Jim Duncan of Central Virginia Real Estate

[photopress:jd02a.jpg,thumb,alignright]There are not too many real estate professionals that understand blogging as well as Jim Duncan of the Central Virginia Real Estate blog. He obviously “gets it” in that his blogging style is top-notch at fascilitating discussions (i.e. great use of quoted text and links). I happen to think he strikes a great balance between exploring new ideas and technologies, while still demonstrating his expertise in real estate.

What inspired you to start blogging?

I started blogging because I read an article a few years ago that said that blogging was going to be the “next big thing.

Interview with Noah Rosenblatt of UrbanDigs

Back in December I ran a series of interviews with the real estate bloggers who most inspired me. Seeing as how I missed a few great bloggers that round, I thought I would revisit this topic and interview a few more great real estate bloggers! As with the previous interviews, I’ll keep my own opinions out and let the bloggers speak for themselves! Keep coming back for a post each day this week featuring an interview with a great real estate blogger!

[photopress:noah.jpg,full,alignright]In less than a year of covering NY real estate, Noah Rosenblatt has turned his blog, UrbanDigs, into a must read for quality real estate content as he tends to leave out the fluff and focus on in depth analysis and advice while still providing plenty of color on his site. Even though his focus is on New York, there’s enough meat in each of his posts that even us west coasters are likely to see a jump in our IQ after a visit to UrbanDigs.

What inspired you to start blogging?

To educate New Yorkers on the most important aspects of profiting from NYC real estate. It’s really targeted to buyers/sellers of this very different market.

Are there any special topics or issues that you enjoy covering?

Yes. I love covering Interest Rate’s and some of the macro signs that the fed looks at when deciding where to go with monetary policy. It’s such an important aspect of the real estate industry, especially in this city where premium existing apartments are selling for over $1,000/ sq. ft..

What have you done to personalize your blog?

I really gave it a facelift to make it visually appeasing to my readers. I also added a Live Chat session every MON – FRI from 10:00 – 12:00PM for anyone to stop by and ask their questions; first time buyers seem to love it.

Do you have any favorite posts?

Sure do. I love my post on Maintenance Charges: The Hidden Devil.

I like the little formula that is at the end of the post that every buyer should look at and calculate the #’s for a property they may be. It allows them to see how the total monthlies should affect the asking price as they review comps and currently active listings in the same building.

I also like my posts on A Buyer Broker and How To Find Good Value In A Sellers Market.

The latter talks about what to pay for and what NOT to pay for when the inventory is tight! Good advice to use in general when looking to buy a new apartment in NYC.

What are some of your favorite blogs (real estate or otherwise)?

Besides RCG? I love:

Last one is not a blog but a must in my mind.

What tools/websites do you find most helpful in putting together your blog?

I like Movable Type software and would recommend them to any future blogger. Its very easy to use and pretty advanced. I like Feedburner for feeds, and Technorati for exposure. Also submit to Yahoo Directory and all the major blog search engines; too many to name.

How does blogging fit into the overall marketing of your business?

I devote about 3-4 hours a day to blogging; which includes the 2 hour chat session. Its difficult sometimes to do really in depth analysis and post on it, but overall, I expect my time devoted to UrbanDigs to compliment my residential sales business model that I am building for myself in NYC. Buyers/Sellers here love honesty and passion. UrbanDigs is an expression of me to that respect and my clients love it. I do NOT market my exclusives on UrbanDigs though.

What plans do you have to improve your blog over this next year?

I have plans to introduce a number of virtual calculators with my own formulas (I love math!) that I think will be very useful for buyers/sellers of NYC real estate. They will each have its own focused application; such as a RENT vs. BUY calculator that is far better than bankrate.com’s or any other one I’ve used. These tools are vital for this fast paced market and should be very helpful. A few should be live by the end of March.

What is the one tool or feature that you wish your site had?

I would say Virtual Calculators. Since we don’t have them yet, I wish I had them now! I’m not really interested in putting any sales system into the site as I don’t think that is the point of UrbanDigs.

What do you think real estate blogging will look like 3 years from now?

I think it will be a integral part of buying a home; not so much selling a home. I think there are tons of people out there that use the internet to educate themselves about everything. Real Estate is no different. I think real estate blogging will grow, more brokers will launch sites, topics will be expanded, and that only a few will really make it to their pre-determined goals. On the flip side, the general public will be rewarded with a virtual encyclopedia on many cities real estate markets that offer street level information. Thats pretty useful.

Real estate blogs spark key industry debate

Inman is running an interesting article on how blogs are changing the real estate industry (goes behind a subscription wall after today!). Once you get through a bit about Jonathan Miller of Matrix and Adam Koval of SocketSite, you might notice that they interviewed me as well. 😉

Probably the oddest part about a formal interview like that is that after 30 to 40 minutes of talking you know that they are only going to use a few quotes. Nonetheless, I was glad to see that Jessica picked up on the two most valuable aspects to Rain City Guide: (1) the great contributors and (2) the excellent home search tool developed by Robbie.

Coffee Shop
(photo credit: Mark Reibman)

UPDATE: Surprise, surprise…. The Property Grunt did a much better job summarizing the article: “Jessica Swesey does a kick ass job getting into the heart and soul of real estate blogging.

"Klaatu Verata Niktor"

Before we read Osman’s piece on Buyer’s Agency, let’s do a little review.

Does the seller or the seller’s broker really pay the buyer agent’s commission? To suggest, as Osman does, that the buyer is getting a “free ride” (down the garden path), is too simplistic.

earth

The day we envisioned that buyers would control their half of the transaction, we, the real estate industry, spent about 30 days toying with the concept. Then, in a New York Minute everyone turned on a dime and backpeddled to their comfort zone. That place where the seller and the seller’s broker controlled everything.

When you start talking about Buyer Agency in this Country, you might as well be spouting “Klaatu Verata Niktor”, as only agents seem to want to talk about it, while the general public’s eyes glaze over.

Buyer’s want a house, sellers want a buyer, and agents want to talk about agency.

Osman, buyer’s pay the buyer agent fee, not the seller. Unless we think of it that way, buyer’s will never be empowered in this Country, regardless of this whole data control “smoke and mirrors game” everyone is playing.

There are still many old curmudgeon rules in play, that prevent the buyer from truly controlling that fee, but let’s not suggest that buyer’s are getting anything for “free” please. The day the buyer takes possession and the right to pay a big mortgage payment every month, he starts paying for that fee in his monthly payment. The fact that he finances that fee, does not mean he doesn’t pay it…he pays it with interest!

Until we recognize this fact, buyer’s will remain Klaatu’s and will never become true Jedi’s.

Interview with Andy Kaufman of MyEastBayAgent

Andy KaufmanWhen the wave of new technologies crashes on the real estate industry, you can be certain that Andy Kaufman will be surfing it in with a smile on his face.

I’m extremely pleased that I get to conclude my series of interviews with the following responses from Andy Kaufman of MyEastBayAgent. I’ve only known Andy for a few months (and I’m yet to meet him in person), but between email, blogging, photo-sharing, and our Skype conversations, he’s become a good friend. He has an obvious passion for exploring the intersection of technology and real estate, and by being located in Berkeley, California, he seems to be near the heart of all things Web2.0.

What inspired you to start blogging?

I was at my good friend Nate Koechley’s holiday party last year and everybody kept talking about flickr & del.icio.us, so I asked him the deal was. He told me to sign up with Bloglines, Flickr & Del.icio.us, use them and then go from there.

I “got

Winding Down 2005, Answering My Own Interview Questions, and Ramping Up for 2006

dustin throwing sasha in yosemiteThe year 2005 is winding down and the next interview that I post will be my last post of a fantastic year as well as my last interview in (what I think has been) a great series of interviews. In addition to all the blogs that I’ve added to my blog reader, I’ve learned a ton from these interviews and I’ve filed away a bunch of ideas for future posts.

I have been requested a few different times in both comments and emails to post my own answers to my interview questions, but this seemed a little awkward. Instead I asked Andy Kaufman if he would be interested in interviewing me and conveniently, he asked the same 10 questions I asked all of my interviewees :). You can see my responses over at MyEastBayAgent .

In addition to being my last post of the year, I’ve also decided to take a few weeks off posting to give some much deserved attention to my wife, and soon enough, our newborn child. However, as I mentioned in an earlier post, Galen has offered to step up to the plate in my absence. If his first post is any indication of his future posting content and style, then I’ve definitely left Rain City Guide in some good hands!

I wish everyone a Wonderful New Years and many Exciting Adventures in 2006!

Interview with Manhattan's Property Grunt

Grunt“This is a blog by a soldier in the trenches of the Manhattan real estate war presenting information and commentary on the market.”

With his his anonymity firmly in hand, the Property Grunt is always good for some no-hold-barred real estate analysis. Reading his blog, I often wished I lived in New York where things seem so much more exciting. From the Grunt’s stories, it is obvious that this person is an experienced and successful agent. Some day the Grunt may be unmasked, but for now, I’m just happy he’s blogging!

What inspired you to start blogging?

First of all I enjoy writing and quickly realized there were many people who were just as clueless as I once was about real estate and I decided to pull the curtains back.

Are there any special topics or issues that you enjoy covering?

I enjoy looking at every aspect of real estate from mortgages to property management. The one thing I do emphasize in my blog is that whether you are buying for personal or for investment purposes you should exercise extreme caution. Real estate is sensitive to many outside forces and it is also illiquid. It is these aspects that get people into trouble.

What have you done to personalize your blog?

The only thing I have done to personalize it is my content. However I will be implementing other features to further personalize it.

Do you have any favorite posts?

I have had so many favorite entries but I have narrowed them down to four.

One of the things I dislike about this business is that the general public is unaware of the various nuances of my profession. This article clearly displayed that ignorance and I was more than happy to educate this writer.
http://propertygrunt.blogspot.com/2005/08/holy-grail-more-like-holy-st.html

This was an incident that actually happened to me on the 4th of July. It was so bizarre and so New York I had to write about it
http://propertygrunt.blogspot.com/2005/07/open-letter-to-whole-foods.html

I was beyond aggravated with this agent for what she did. She was very lucky that she was dealing with me. I knew other brokers who would drop her in a second. It is also indicative of the type of people that gravitate to this business.
http://propertygrunt.blogspot.com/2005/04/poachers-beware-i-will-beat-you-with.html

These were two incidents where I quickly learned that being an agent brings a ton of hazards.
http://propertygrunt.blogspot.com/2005/02/when-gun-misfires-disasters-that-occur.html

What are some of your favorite blogs (real estate or otherwise)?

I have a whole Torah of blogs and sites I enjoy. Anything that is on the Curbed links list which include Inman News, The Real Deal, The Walk Through, and The Matrix. The Realty Gram Blogger and Your Best Agent these are just some of the many other sites I check for news and developments in real estate. Opinionistas is a fantastic lawyer blog and Mimi in New York is another guilty pleasure. And of course a new favorite is the Rain City Guide.

What tools/websites do you find most helpful in putting together your blog?

Honestly, the only thing I have used is blogger. Parts of the design that I have customized is just code I have picked up. I do plan on utilizing dreamweaver and hunt for some javascript that would spruce up the place.

How does blogging fit into the overall marketing of your business?

At this point it doesn’t. I do not use my blog to generate sellers or buyers since I just interested in educating people the best I can. However I am examining other opportunities.

What plans do you have to improve your blog over this next year?

My objective next year is to update the GUI. More on that later.

What is the one tool or feature that you wish your site had?

There is actually a lot of tools I would like to have and I plan on implementing them in the near future.

What do you think real estate blogging will look like 3 years from now?

Everyone in real estate is going to have a blog which will be used primarily as a marketing tool. However there will be factions that will play the Matt Drudge card by kicking open the closets and airing out the dirty unmentionables. Expect a lot of firings and lawsuits in the future.

(Read more interviews with some of real estate’s top bloggers under the Real Estate Q&A category)

Interview with Tim O'Keefe of the Real Estate Marketing Blog

tim o'keefeI’m really glad that Tim O’Keefe agreed to the interview because he represents a different type of real estate blogger. He uses his Real Estate Marketing Blog to highlight the marketing services he provides to real estate agents. I really like that I can turn to his blog for interesting and opinionated posts on how to better market real estate blogs. Like all the real estate bloggers that I’ve interviewed, a lot can be learned from both his style and his content.

What inspired you to start blogging?

As a Search Engine Optimizing Company, I was blogging long before launching The Spider Juice Technologies Corporate blog-http://houseblogger.typepad.com. I tested, wondering if it was given any special priority by search engines. Contrary to what many believe, I found that they are not treated with any more special priority than a typical website.

However, the real difference was that blogs are not static like a typical website. They are usually focused. In fact, the more focused the better as far as positions go. I knew that search engines love content. The more content you offer the more chances that keyword phrases (intentional or otherwise) will get picked up and positioned. That was the hook. Easy publishing, because a blog is just a real simple and easy to operate Content Management System.

I found that that a blog still needs to adhere to the principles of the Search Engine Marketing Triangle. That is at the top of the Triangle, a page needs to have “on-page content” optimized. Most blog software does an OK job of “out of the box”, on-page optimization.

The bottom two angles are about Link Equity or inbound links. Because of RSS and Pinging, blogs can find natural and automatic links that are necessary for a web page to position highly. These links tend to offer much more natural structures into the blog page. I found the system to be beautiful as an additional tool for my clients. So about a year and half ago, I began to test on client sites, as well as launching my own blog .

Are there any special topics or issues that you enjoy covering?

I believe it essential to have an opinion on how to do a business. Otherwise, why hire you or me? The blog allows us to speak directly to our audience. It best be something useful and unique. In the beginning. I did what I find most newbie bloggers do. That is parrot back already over reported information about real estate. BOHHRING!

It became quickly apparent that if this thing was going to be worth anything to my business, that it had to be extremely useful for the reader. So my blog will rant and editorialize various topics to do with SEO, Pay per Click, lead generation/follow-up and anything about online marketing. I rarely will offer anything without giving an opinion. I do that because the blog is my chance to offer my personality on my business.

The typical searcher scans through webpages, looking for something useful. How do they know if it is important? You have to tell them either directly or indirectly. That engages your reader and gets them into you. Guess what? At that point there is a good chance that you just rose above all the other agents out there, and you have etched out a bit of their brain to remember you. Because, your opinion matters to them! This is what gets subscriptions, RSS reads, and of course more traffic.

Authors of articles, or books and publications are given a psychological Authority over their market. There isn’t a whole lot of money in writing books. But write a book and you will be given instant implied expertise. That psychology works with any kind of writing, including blogs.

Another way to say this is that I look at blogging as a way to position ourselves as thought leaders.

What have you done to personalize your blog?

When you have an opinion it is all about personalization. I don’t think personalization is accomplished by taking a picture of me with my family and my cats. It is offering an opinion that hopefully is valuable enough, and persuaded in a way such that the marketplace says we are viable.

I will weave stories from my personal life in order to make a point. I think I have mentioned my wife, kids and even the Youth Football team that I Coach. I don’t believe that I have brought my cats into a post though. LOL

Do you have any favorite posts?

The Bubble and MLS posts are definitely soap box issues for me. I also, have written about various market segments that I think are wide open for growth.

What are some of your favorite blogs (real estate or otherwise)?

Let me go down my RSS Reader- Albion and see- http://michelfortin.com, http://BoldApproach.com, http://sethgodin.typepad.com, http://seobook.com, anything political, and so on. I love reading intelligent and even conflicting opinions.

What tools/websites do you find most helpful in putting together your blog?

Typepad is simple. WordPress and Drupal, rock as far as functionality. I like them for different reasons/features.

How does blogging fit into the overall marketing of your business?

To read me is to know me. My work hopefully pre-frames my readers into knowing that we are experts. There are no surprises. The hardest thing in the world for a business to do is differentiate itself from the other “noise” in the industry. The blog allows you and me to make our expertise a foregone conclusion. Thus, we are able to shorten the sales process and get down to the nitty gritty of doing business quicker.

What plans do you have to improve your blog over this next year?

I will be adding Audio, Video and my blog will be an entry way into upcoming books, and Membership site for the do it your selfer agent.

What is the one tool or feature that you wish your site had?

none.

What do you think real estate blogging will look like 3 years from now?

More integrated into traditional website models.

(Read more interviews with some of real estate’s top bloggers under the Real Estate Q&A category)