Struggling with skyrocketing property taxes and home expenses? Discover how technology can help you optimize your home expenses and reduce property taxes now with insights from Ownwell's CTO, Joseph Noor. Tune in to unlock the secrets to saving big on your biggest home costs.
In this episode, we focus on how to reduce property taxes and optimize home expenses now with expert insights from Joseph Noor, CTO of Ownwell. Discover the innovative technology solutions that make managing real estate costs easier than ever. Learn how to save on property taxes, lower your home insurance, and cut down on utility bills
Key Takeaways
Optimize Your Home Expenses
Joseph Noor explains how Ownwell's technology can optimize every line item on your property’s P&L, from mortgages to utilities. By leveraging AI and local expertise, Ownwell helps homeowners ensure their expenses are as low as possible, making property ownership more affordable.
Reduce Property Taxes with Ease
Learn about Ownwell’s streamlined process for protesting property taxes. Joseph Noor highlights how the company uses technology to prepare evidence and negotiate with assessors, ensuring homeowners pay no more than their fair share in property taxes every year.
Lower Your Home Insurance Premiums
Ownwell not only helps with property taxes but also offers solutions to reduce home insurance costs. By continuously monitoring insurance rates and pulling quotes from various providers, they ensure homeowners always get the best deals without the hassle of spam calls or emails.
Cut Utility Bills Effortlessly
Joseph Noor discusses how Ownwell can help homeowners lower their utility bills, including internet and electricity. By negotiating better rates and identifying savings opportunities, Ownwell makes it easy for homeowners to reduce these recurring expenses.
Embrace Technology for Savings
The episode underscores the importance of adopting new technology in real estate. Joseph Noor shares insights on how AI and automation can revolutionize property management, making it easier for homeowners and realtors to manage costs and improve financial outcomes.
Time Stamped Summary
[1:04 - 3:33] Episode Introduction
[3:33 - 5:04] Ownwell’s Services
Joseph Noor explains Ownwell's primary service of helping homeowners save money on property taxes.
[5:04 - 6:56] Traditional Property Tax Protest Methods vs. Ownwell
Comparison between traditional property tax protest methods and Ownwell’s technology-driven approach.
[6:56 - 8:31] Technology and Local Expertise
Joseph discusses the integration of local experts with technology to provide the best outcomes for clients.
[8:31 - 10:25] Contingency Fee Model
Explanation of Ownwell’s pricing model: charging 25% of the savings achieved.
[10:25 - 12:41] Expanding Services Beyond Property Taxes
Discussion on Ownwell’s expansion into other services like home insurance.
[12:41 - 15:07] Challenges with Home Insurance
Mike Mills talks about the challenges of rising home insurance costs and changing deductibles.
[15:07 - 17:00] Autopilot for Home Expenses
Joseph describes the autopilot nature of Ownwell’s services, handling annual property tax protests automatically.
[17:00 - 19:22] Monitoring and Notifications
How Ownwell monitors insurance premiums and utility bills to find savings.
[19:22 - 21:56] Embracing Technology in Real Estate
Discussion on the slow adoption of technology in the real estate industry.
[21:56 - 23:48] Personal Reflections and Future Innovations
Joseph reflects on his background, including his time at NVIDIA and his passion for hardware and AI.
[32:00 - 34:00] The Importance of Protesting Property Taxes
Emphasis on the importance of protesting property taxes every year.
[34:00 - 36:00] Real Estate Market Dynamics
Discussion on the differences in property tax systems between Texas and California.
[36:00 - 38:00] Leveraging Local Expertise
The significance of hiring local experts to navigate the property tax protest process.
[38:00 - 40:00] Pricing Model and Client Alignment
Detailed explanation of Ownwell’s contingency fee model and its benefits.
[40:00 - 42:00] Expanding Services and Future Plans
Plans to expand Ownwell’s services beyond property taxes and insurance.
[42:00 - 44:00] The Role of Technology in Real Estate
Discussion on the slow adoption of technology in real estate.
[44:00 - 46:00] Industry Regulations and Challenges
Challenges faced due to industry regulations and the slow pace of change.
[46:00 - 48:00] Personal Reflections on Career Choices
[48:00 - 50:00] Housing Affordability and Homeownership
Discussion on the current state of housing affordability and its impact on homeownership.
[50:00 - 52:00] Future Innovations and Opportunities
Insights into potential future innovations in real estate technology.
Joseph’s continuous brainstorming and dedication to improving the industry.
Ownwell Website:.
https://www.ownwell.com
