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Andrew Stanton's  Personal Profile View my company profile

Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders
Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders
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About Me

PROPTECH-PR A Consultancy for Proptech Founders looking to grow and exit. andrew.stanton@proptech-pr.com 07535 029676

www.proptech-pr-com

I 'Grow Proptechs' using my influence, being a consultant to some of the biggest names in global real estate, advising on sales and acquisitions, market positioning, and operations. Mentoring start-ups, scales ups and those looking to exit. The most connected person in the Proptech/Real Estate vertical.

Of our 10 original clients, 8 have exited, and we put together three of these exits for a total of £70M. We have also secured a number of clients positions on globally recognised accelerators. We have the most extensive contact book and engaged audience of decision makers in real estate and prop/fintech globally - across all verticals - plan-build-sell-let-asset management.

We have put together 2,400 business opportunities for our clients, including portal integrations. And helped them raise capital and find the best exit strategies. Founders work directly with Andrew Stanton the CEO of Proptech-PR. NED nurtur.group accelerator. CEO - Proptech-X Proptech News publication.

Non-Executive Director of nurtur.group Accelerator. Non-Executive Director of Lettings4u, Cohort Mentor for REACH UK. Specialist Adviser to a number of boards, mentor to Satoshi Block Dojo, and influencer for Unissu. Networking, Product Placement, Proptech Analysis, Business Analysis, Product Analysis, Proptech, Real Estate, Venture Capital, Start-ups, Scale-ups , Mentoring, Analyst, Digital Transformation, Acquisitions/Merger, Influencer, Thought Leadership, and Strategic planning. With 32-years of real estate experience at CEO and founder level.

My ability to 'open doors' and network is legendary, due to my 38,000 connections on Linkedin, daily my 'advice' is sought out by the biggest hitters around the world. 100,000 followers in my network, including 3,000 Proptech and Fintech Founders and CTO's etc.

My knowledge is maintained by meeting 25-new Proptech or Real Estate Founders, Chairs or CEO's a month. In an advisory role, or to hear what they are looking to develop. Plus 25-hours/week of private research.

Having to date advised 117-Proptech companies and 29-Real Estate corporations. Working at Founder level providing insight at the micro and macro levels. I am a journalist and thought leader, owning the publication Proptech-X, and Editor of EAN Networking, writing over 3,500 pieces of content.

Huge network of contacts from my 30+ years of corporate & independent real estate experience, many at C-suite level. Deep insight due to having met 500+ Proptech founders globally.

I mentor and advise numerous start-ups, scale-ups and senior professionals, with key strategies to maximise enlightenment, growth, profitability and minimise risk, in the era of digital transformation.

my expertise in the industry

39 years.

Andrew Stanton's Recent Activity

Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders
By the autumn the Bank of England base rate is likely to be 5.25%, this is a view held by numerous analysts, which will mean skyhigh fixed rate deals. The impact is being felt everywhere, and if you think about it, if the cost of borrowing cash has increased by 425% going from 0.1% to 4.25% in 17 months, of course the housing market will get impacted, no one can sustain that. Recently an analyst of property data said 70% of listed housing stock for Q1 2023 on Rightmove was under offer, well probably it is, but the volume of listed property in that period was through the floor compared to 2022. Also it is probably standard that 70% of stock is SSTC on a property portal, which reflects the fact that a typical agent lists 10, sells SSTC 7 and exchanges on five, so an industry norm. Separately, I also question the validity of pundits comparing 2023 data to 2019, as if that is helpful, to me it just skews the message, less stock has been listed in 2023, and less stock in real terms is under offer, which is why big agencies are now reporting mediocre residential sales results for 2022, as Q3 of 2022 is when the big freeze started.

From: Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders 27 April 2023 07:56 AM

Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders
Lead-to-keys Vs Yourkeys ... just as we at Proptech-PR a consultancy for Proptech Founders have been propounding for years; it used to be agent Vs agent using market share as the battleground, then post 2004 and cloud computing it started very slowly to be tech enabled agent Vs analogue agent, the third wave will be the property consumer leap frogging the agencies and landing on a single platform where all their property needs are catered for. So a B2C model. At present property portals are digital advertising, their big problem, how to change that lucrative model so they supply/monetise the services of the agents, after all why would an agent pay to list on a portal if the portal was becoming the biggest estate agency in stealth mode in the UK. No co-incidence that the new CEO of Rightmove is Johan Svanstrom who started in that position six days ago, take a look at Johan's background, very different from Peter Brooks-Johnson. So pinstripe suit out - digital and market place enfant terrible in. And no co-incidence that the PR is now starting to ramp up that Rightmove is looking to be seen as the digital driver of the lettings play in the UK. Given the London centric and lettings centric DNA of Zoopla, it will be a very interesting tussle that will be unfolding between the number one and number two portals.

From: Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders 06 March 2023 11:27 AM

Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders
A typical agent is open 52 hours a week then the humans rest. A typical agent that uses software to automate their business operations is open 168 hours a week. Closed minds and closed estate agency businesses for nearly 70% of trading time is pure madness. Damon is right, software should be used to allow a constant flow of new 'automated' business. Imagine Amazon trading 52 hours a week, instead it trades 168 hours every week of the year, its market cap $992 BN, not a typo. Agents need to realise that tech savvy buyers/sellers/tenants and landlords are around 24/7, ordering goods and services every second of every day, if your business stops when you lock the door and turn out the lights, do not be surprised if your 'modern' competitor devours your market share.

From: Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders 10 November 2022 16:42 PM

Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders
So if cash at bank is £43M - they burnt through £30.8M in a year, even though they had £70M cash into the business at the same time. With a £3.8M liability and a possible 'class action' to fight regarding PAYE status of self employed LPE's, Purplebricks will possibly need more 'funding' to keep going. With a shareprice of 14p these results may also see them dip even more - will there be a bold move by someone to do something with this ailing enterprise - August is going to be a long month. Unluckily they have an in-experienced CEO in place and a slew of problems, not least that in the best housing market for two decades, by the numbers of completions, Purplebricks actually managed to go backwards. I think Vic Darvey did well to swerve sitting in the hot seat when these figures get delivered to AIM.

From: Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders 02 August 2022 08:03 AM

Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders
Goodlord have burnt through £25M ... and had a wage bill of 8.8M in 2021 - that seems a huge amount of 'humans' in the business - maybe digital transformation was not around in 2014 when they kicked off their caper. Maybe Oli should spend some time automating more of the operational flow of the business, rather than saying landlords are not in the loop, my experience is that a typical landlord who owns 1.77 properties (that is data for you) is pretty clued up on things and wants to protect themselves and their property asset. With huge amounts of free information out there with just a swipe on your mobile - I am not sure why it would fall to letting agents to 'inform' landlords or tenants anything. It is also a logistical thing, typical branch has 230 tenancies, 460 tenants plus and a team of five, of which one person probably deals with direct communications to landlords and tenants ... so zero engagement is the norm until there is a problem.

From: Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders 19 July 2022 09:47 AM

Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders
Kristjan - true you can only buy the market for a certain period. But the big paradigm shift in residential agency is going to be the digitally enfranchised public doing property themselves. And for those who think it will never happen do you realise that OpenRent this year will list over 250,000 tenancies, which dwarfs any lettings agency brand? When 'OpenSale' is a thing in the residential sales sector - it will be listing an even larger volume of inventory. This is the future. A future led by consumer desire, not by the wants or needs of the sales and lettings industry. Digital is not just shutting shops on the high street, it is a way of life, everything done through the prism of the screen on a smartphone.

From: Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders 12 July 2022 23:35 PM

Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders
Maybe the tenants get to fly the planes to Rwanda and the landlords get a one way ticket - as tenants of the future are going to have to be very rich to be tenants, as landlords take advantage of a diminishing amount of housing stock in the PRS and rents go ever skyward. The idea institutional landlords do it better than the average landlord with 1.7 properties in their portfolio is madness, just look at the poor housing stock in the housing associations.

From: Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders 16 June 2022 13:56 PM

Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders
And yes agree with comment above - Gove does seem to have cribbed the Shelter handbook - as they say, very little original thought under the sun. And even less with the present Housing secretary.

From: Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders 16 June 2022 13:50 PM

Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders
As Gove will no longer be in his present levelling up position by November, maybe his succesor will legislate for 'rogue' landlords to have a one way flight to Rwanda, that seems to bea popular fix at present.

From: Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders 16 June 2022 13:46 PM

Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders
The easiest way to make less profit, is to run a freemium model, OTM have just done some housekeeping. Regarding 'investors' running scared at the sight of OTM losing non-paying clients I think that is a stretch, so too is looking to deeply at share prices. As the FTSE dropped 5% in the last week alone, so all share prices are getting hammered, those on the LSE and those on the AIM. For example Purplebricks today has a share price of just 17p down from nealy 600p at its height and 94p when it first launched in. Now that is a company in trouble. Especially with the likely litigation that is coming its way, unless it buys its way out of the problem.

From: Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders 15 June 2022 19:34 PM

Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders
Just so I get this correct Rita, if you are a senior part of an organization, and a huge amount of VAT goes unpaid, for years and years, and if Propertymark stumble upon its massive mistake, before HMRC, this in some way is a good thing? This is the sort of double standard nonsense that Countrywide came forward with, when they had 10M of deposits in the wrong account, famously they said we brought it to the attention of the regulator as soon as we found it. Maybe the £125,000 fine that followed was a bit of a stiffener. What would be really useful to know is exactly how much VAT had not been paid, I have heard some very large figures being mentioned, and how much interest needed to be paid, and if there was a fine. Also, as VAT 'fraud' committed intentionally or unintentionally can result in incarceration, fine and or loss of the ability to be a director, should the whole board not be thinking it is time to move on, and as for the CFO and the accountants what if any action is being taken her. Lastly, if you take the time to read my comment I neither state David is of the NAEA camp or the ARLA camp, I make reference to the fact that whilst he was in post - the umbrella NAEA Propertymark group - the organisation - as a whole failed to function correctly with regard to its finances. I am pretty aware that Mark Hayward was the CEO of the NAEA, until he of course resigned a few weeks ago. The bigger question is - will the membership now expect an apology for being kept in the dark, and will the NAEA refrain from being an advisor to government committees whilst the ramifications of their transgressions are more fully explored.

From: Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders 28 July 2020 22:00 PM

Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders
All of the above points may well be true but during David's tenure the NAEA / Propertymark had at least one major financial flaw, forgetting to pay HMRC the VAT, as in the recently released NAEA Propertymark annual report and financial statements for the year ended 2019, on page 14, appears this howler ... 'we (NAEA / Proptertymark) have identified that our tax position was not properly ordered and that has led to a significant payment to HM Revenue and Customs of outstanding VAT which has arisen through misdefinition of our liabilities and exemptions over a number of years.' So, how can anyone who has held senior office formerly, including the Financial officer be credible, and how can the NAEA Propertymark laud itself as a fit organisation to 'regulate' and give advice to the government on how estate agency is run, especially concerning financial matters such as anti-money laundering etc. In the same report NAEA Propertymark actually congratulates itself, about how important it is, quote, ... 'It is clear that those formulating new legislation value the input from Propertymark and indeed seek out information as to market activity and members views. Whilst a formal regulatory regime for the sector is as yet in the future, our strategy is to ensure Propertymark has a role in that future regulated world and will continue to be a regular presence at Government working groups specifically, amongst other aspects on Regulation.' My thoughts, it should immediately disclose how much money was paid to the HMRC, including no doubt a sum for interest, also was there a fine. Second it should apologise to the 17,000 members whose subscriptions went into paying off this huge error. Third, what role did the financial officer have and is their position tenable, fourth is the recent revolving door of those leaving in anyway connected to the VAT matter or is it other factors. Fifth, at this crucial crossroads in the pandemic new world of business, should this organisation be trusted to advise the government committees on what is appropriate, given its own inability to be financially compliant. Lastly, which accountancy firm does the books and have they been changed since the VAT debacle that stretched many years came into focus. If you hold a senior position - there comes with this the duties of that position, oversight and competency.

From: Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders 28 July 2020 07:31 AM

Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders
Chestertons are always on the money, given their extensive network of rentals across the capital, so if their indexes are predicting a 10% to 15% drops in rents then that is probably true. Add in the furlough factor and the third quarter of 2020 in the rental sector is going to be bumpy for landlords and tenants. Proptech-PR.com

From: Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders 31 May 2020 14:02 PM

Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders
The government for some time has been squeezing out the 'private' landlord, and there is a specific bias towards large financial institutions - pension fund holders - who are increasingly invading the letting market, targeting brand new purpose built property. The small time landlord is being hit with increased exposure to tax, extra stamp duty and it seems on an almost a weekly basis more red tape. This coupled to high property values, making the return on investment extremely marginal, all creates a very uneven playing field.

From: Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders 25 March 2019 11:05 AM

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