Rex

How’s Rex disrupting real estate? With a single venture to empower billions of people. Disrupting Real Estate. Empowering People. Rex.com #realestate #tech #people #empower #venture

Venture capitalism, as an investment model, operates effectively within its established parameters. It primarily targets fast-growth consumer tech startups, with a focus on achieving rapid returns and divesting from slower performers, a strategy well-suited to its intended scope. However, this model exhibits limitations in accommodating businesses with slower, consistent growth trajectories or those with delayed revenue models. Such ventures, including those within the realms of B2B and complex industries, often escape the purview of venture capitalism despite harboring substantial potential for enduring success. These enterprises may necessitate prolonged gestation periods before yielding significant returns. Nonetheless, they boast resilient revenue models and promise sustained growth, rendering them particularly attractive from a strategic standpoint within the landscape of venture capitalism.

I got my start in tech in Silicon Valley, the epicenter of the industry. I’ve also spent time in other tech hubs, including Seattle, where I spent a couple of years studying Amazon, and Austin, where I actively build tech now. I've also visited global tech centers like Israel and Berlin, which, though significant, aren't as renowned as Silicon Valley. Understanding Silicon Valley was initially confusing for me. I didn't start my entrepreneurial journey there; I was already a successful, full-stack entrepreneur with experience growing businesses from zero to billions. However, starting fresh in Silicon Valley was different. I met entrepreneurs who only knew one or two aspects of business or tech. It puzzled me how these individuals were entrusted with investment money, given that many of their ideas seemed flawed. I came to understand Silicon Valley as a big casino run by venture capitalists (VCs). The VCs are the house, and they always make money. That's key to understanding how Silicon Valley operates.

Introducing Rex Tech’s Operating Partner: Jorge de Cárdenas We are excited to announce the addition of Jorge de Cárdenas as our new Operating Partner. Jorge is a distinguished tech entrepreneur and product strategist with an impressive track record in the tech and real estate industries. His career, spanning several decades, is marked by successful leadership in multiple high-stakes ventures, where he was an executive or founding team member. Jorge grew up near Houston, Texas, attending Clear Lake High School, in a community deeply connected with NASA, where he later worked as a NASA engineer. His upbringing instilled resilience, a strong work ethic, and an imagination of what tech could accomplish, which he carried through his education at Texas A&M University. Jorge comes from a family with hard work in its DNA. His father, now 85, fought against Castro. His parents fled Cuba for freedom and met with great success in America. Jorge is a family man, first and foremost, which we love and appreciate. He married his high school sweetheart and together founded the Austin School for the Performing and Visual Arts. His son and daughter are a source of great pride. His son is the founder of Ritual Cinema Studios, a production company that creates films, commercials, television shows & brand content around the world. His daughter aspires to be a medical doctor and is currently attending the University of Texas at Austin. Most exciting, he’s a recent grandpa, joyfully welcoming his first baby grandchild this year! Over the years, Jorge has led significant initiatives, including building and selling a fintech company to Visa, and developing and successfully exiting a technology services venture in the Oil & Gas sector. His most recent achievement was his pivotal role as Chief Technology Officer and Executive Vice President at American Campus Communities, where his strategic vision led to one of the largest exits in Austin's history, selling the company to Blackstone for over $12 billion. We are thrilled to have Jorge bring his wealth of experience and innovative approach to our team. His unique perspective and leadership will be invaluable. Peter Rex calls him “one of the greatest product minds at the intersection of tech and real estate”. Please join us in welcoming Jorge de Cárdenas to Rex Tech. Hear why Peter Rex and Jorge de Cárdenas joined forces: #RealEstateTech #ProductStrategist #FamilyValues

75% of property managers and asset owners want to know if someone they bring on-site is a nonviolent criminal. No one wants to expose their tenants and guests to criminals. The majority of managers—75%—are concerned about knowing the background of every individual coming on-site. However, many times they don't have this information because of the numerous vendors and construction workers entering the property, who often aren’t properly vetted by the management or ownership. This needs to change. But why isn’t it happening? Everyone wants it, but the tech is broken. As seasoned operators, we recognize this as a significant choke point. It's a vague area that not only slows us down but could also pose risks to our tenants, residents, owners, and everyone else involved. At Rex Tech, we're tackling this issue head-on. Our goal is to bring clarity and visibility to this process. This will benefit everyone—reliable vendors will gain quick access, and residents, tenants, guests, and owners will feel secure. It's a win-win for all! #realestate #compliance #proptech

What's the first thing that gets in your way as a real estate owner/operator? Compliance. When you’re managing a job, ensuring that every person coming on-site doesn’t have a criminal background is crucial. However, the current technology for this is inefficient, ineffective, and slows down the entire process of turning over inventory, whether it's apartments, hotel rooms, or office space. The first choke point is the initial ID check—and it’s broken. The tech in this area is terrible. At Rex Tech, we're tackling the issue of ID checks head on. This need is driven by urgency: you have units to turn over or construction to complete, and delays cost money. The contractors are on the dime: they're costing money and they want to get the jobs done too. Good contractors have nothing to hide. They want to be checked quickly and make sure you know that they’re not a criminal. And you definitely want to know it too. ID check-ins are critical, yet they're currently broken. That's why we're dedicated to fixing them at Rex Tech. #realestate #PropertyManagement #compliance #proptech #innovation #construction #propertyowners

While concerns about AI are valid, the real focus should be on the humans behind it. Just like in Mary Shelley's "Frankenstein," where fear stemmed from the misuse of a new technology, AI's potential dangers lie in the humans behind it. The fear of AI often parallels themes from science fiction, like the Terminator series, where AI turns on humanity. However, the real issue isn't AI itself but the moral compass of those controlling it. AI, like nuclear capabilities, can be a force for great good or great harm. It's up to us, as humans, to ensure it's used for positive purposes. Instead of fearing AI, let's focus on cultivating a responsible and ethical approach to its development and use.

In property operations, what’s your very first pain point? Getting the right compliance checks for vendors coming on-site. You don’t want to let somebody on-site who is trouble: you've got to make sure they’ve been checked for compliance, which is a vague and time-consuming process. But when you're an owner/operator or running a management or construction company, you’ve got to get that job done right away. You need to get that contractor in immediately, so the last thing you're thinking about is: “Was this person’s background checked?” You’ve got this fire burning—you have to get these units ready or you're not going to make any money. Or you have to get the hotel rooms ready, and if you don’t, you can't rent them. But to do that, you've got to get them compliance checked. It's a hole in the industry that we’re attacking at Rex. #realestate #compliance #proptech

There’s a common belief that AI will put people out of jobs, but history tells a different story. New technologies have always led to the creation of more diverse and higher-level jobs. Empowering people! 👉 Consider this: Did we lament the loss of jobs like hand-washing clothes? No, because it freed us to do more meaningful work. AI promises the same transformation, moving us away from repetitive and monotonous tasks to higher-level work that matters. AI isn't about job loss; it's about job evolution. #AI #FutureOfWork #Innovation #Technology #CareerGrowth

Revolutionizing Property Maintenance The maintenance side of property management is broken in multifamily. This inefficiency creates costs for management companies and ownership that are inevitably passed down to residents, tenants, and guests, resulting in a lower quality of life for all. At Rex, we’re transforming property maintenance by empowering industry professionals with cutting-edge tools, data, software, Machine Learning, and AI. Our approach ensures that maintenance teams are more effective and efficient, leading to: Reduced Costs: for management companies and owners. Improved Quality of Life: for residents and guests. Boosted Morale: for a more stable and capable property management team. Our commitment to innovation is driving a new standard in property maintenance, delivering tangible benefits across the board. #PropertyManagement #RealEstate #Innovation #AI #MachineLearning #Leadership  #Proptech #Multifamily