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Online auction site, RealBay to launch in private beta

Online real estate auction sites are costly and lack security – RealBay is about to launch in private beta to disrupt the space and challenge the entire sector.



Holes in the online real estate sector

After completing nearly 300 online real estate purchases through eBay, Bay Area bulk REO specialist Stephan Piscano became frustrated with the online auction process like many others buying online. Through his first hand experience online, Piscano saw the holes in the system and sought out to build a solution that not only disrupted the online auction sector, but improves the very practice.

With only a splash page, a few thousand people have already signed up for Piscano’s which is on the verge of launching in private beta before being made public, and at launch, RealBay has 2,800 assets on the site. Piscano tells AGBeat that they will be partnering with to send out an email blast to their users which should boost RealBay traffic at launch, making it more valuable to participants.

RealBay is not only an online real estate marketplace, it is also an industry social network. The site has live bid auctions and fixed price property offerings and unlike competitors, RealBay is free to users, allowing real estate professionals to market themselves and their listings at no cost.

More value added, all completely free

Piscano explained that RealBay’s competitors (,,, etc.) typically make it complicated (or impossible) for users to communicate as a means of maintaining control, as they charge a few hundred dollars as an insertion fee and a backend buyer’s premium of two to ten percent. RealBay wanted to open that up and allow parties to directly communicate, especially given the speed of the online buying process which can be slowed down by the traditional model of calling a buyer’s agent who waits for a listing agent’s return call.

How is RealBay free? The company will soon launch targeted advertising, allowing related service providers to purchase zip codes, cities or regions. As a bulk investor, Piscano attests to the fact that the first step after investing is to seek post-purchase recommendations on local service providers, especially given that a large volume of purchases are made by non-locals, sight unseen. After winning a bid, a purchaser is emailed a list of RealBay approved service providers.

Traditional auction sites charge large fees and don’t typically offer service provider recommendations that go along with real estate purchases, while RealBay is free and offers more. Currently, Piscano has direct oversight of the approved providers, but in the long term, the company is committed to verification (licensing, etc.), but we suspect most providers will be national or regional.

Problem with traditional sites: lack of security

Besides high fees and a lack of service providers, RealBay saw a hole in the system with verification steps, citing a recent incident wherein an older couple in Idaho purchased a handful of properties online through a quick claim deed (which Piscano says anyone can sign), only to learn later that the person that sold the homes to them through an online auction site did not own the deed, and the couple therefore didn’t own the properties and the seller was long gone.
In response, RealBay offers more verification steps, including the ability to upload verification documents for buyers to review when they are considering bidding.

Another way they seek to curb fraud is by charging the fraudulent seller’s card an additional $250 for their infraction (half goes to the property purchaser), as opposed to systems like eBay wherein a seller can have three infractions before they are banned from the site.

A future of disruption for RealBay

The company tells AGBeat that they will eventually pull in MLS listings through Point2 for research purposes, making the site a “one-stop shop” for real estate investors, so in one part of the site, they can review standard MLS listings and in another can search user generated content and properties for live bidding.

RealBay will soon be launching to he public and has already forged strong industry partnerships, seeking to provide more to investors for free than competitors do for a hefty price. Look for this company to be a disrupter and make waves in the industry.

Sneak peek screen shots of RealBay:

Exclusive to AGBeat, RealBay has shared some sneak peek screen shots of their product which will soon be in beta (which means it might have some bugs and it will get better over time). Click any image to enlarge:

Business News

Peloton is back-pedaling: Reports of price increases, layoffs, and cost cuts

(BUSINESS) After a recording of layoffs leaks, ‘supply chain’ issues cause shipping increases, and they consult for cost-cutting, Peloton is doomed.



Man riding Peloton bike with instructor pointing encouragingly during workout.

Is Peloton in Trouble?

According to many reports, Peloton had success early in the pandemic when gyms shut down. Offering consumers a way to connect with a community for fitness along with varying financing options allowed the company to see growth when many other industries were being shuttered.

After two years, CNBC reports that the company is “being impacted by …supply chain challenges” and rising inflation costs. According to the report, customers will be paying an additional $250 for its bike and $350 for its tread for delivery and setup.

As demand has decreased, Peloton is also considering layoffs in their sales and marketing departments, overheard in a leaked audio call. The recording details executives discussing “Project Fuel” where they plan to cut 41% of the sales and marketing teams, as well as letting go of eCommerce employees and frontline workers at 15 retail stores.

Nasdaq reported that the stock fell 75% last year, after a year where it soared over 400%.

Peloton reviewing its overall structure

According to another report from CNBC, Peloton is working with McKinsey & Company, a management consulting firm, to lower costs as revenue has dropped and the growth of new subscriptions has slowed since the pandemic. Last November, according to NPR, Peloton had “its worst day as a publicly-traded company.” It also anticipates greater losses in 2022 than originally predicted. It makes sense that the company would reexamine their strategy as the economy changes. They aren’t the only one that is raising prices amid supply chain issues.

It will be interesting to watch how Peloton fares

Peloton has a large community that pays a monthly fee for connected fitness. While growth has slowed, the company still has a strong share of consumers. Although it is facing more competition in the home fitness market and more gyms are reopening, as Peloton adjusts to the new normal, it should remain a viable company.

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Business News

CEO is offering folks thousands to *quit* their jobs, with one catch

(BUSINESS) A CEO out of Arizona is challenging employment norms by offering a sort of “sign-off” bonus upfront, but this method has one fatal flaw.



Man counting cash in his hand representing the CEO offering money to employees who quit.

Chris Ronzio, the CEO of Trainual, a software company in Arizona that aims to systemize and scale your small business, is offering cold hard cash to quit your job in an unconventional ploy to bypass the effects of the Great Resignation.

Before you rush to turn in your notice and make some extra cash, you should know that this offer is dependent on being selected as a hirable candidate and making it through the hiring process for Trainual. This option is also offered to new hires after 2 weeks of employment.

This model of employment gives the employee the ability to fire the company and walk away with a little sum of money. The thought process of the CEO was outlined in an article by the Insider, saying it is a strategic move to retain top talent and maintain a strong company culture. While this is a unique approach…it has a glaring flaw. The offer is only good for the initial two-week period. However, it can take some time to recognize the shortcomings of any company when you begin employment. We can all recognize the long-term financial potential of reoccurring income and while $5,000 is not anything to shake your finger at, it will eventually be gone. I think we can all agree that constructive criticism can be difficult to swallow at times, however, if Trainual was truly invested in this model they would extend the offer at other key times during employment. What if this offer was again available at the 1-year mark? If the offer reappeared at a one-year review, the turnover may increase.

Per the Insider article, Ronzio was quoted as saying, “With today’s market, hiring teams have to move quickly to assess candidates and get them through the process to a competitive offer, so it’s impossible to be right 100% of the time,” Ronzio said. The CEO added, “The offer to quit allows the dust to settle from a speedy process and let the new team member throw a red flag if they’re feeling anything but excited.”

These statements detail another dimension to consider which is the employment hiring process and timeline. If top candidates are in such high demand that the process has to be sped up to secure a workforce, this monetary compensation can help to ensure the hiring decision. Although, when the offer was implemented in May of 2020, the offer was $2500, half of what it is now. Ronzio reasoned that they could stay while they looked for another job so they increased the amount to compensate for those with a higher salary range.

Let me preface this by saying that yes, accountability should exist, but I would be interested to know the turnover rate for the hiring team. The cost to the company from this unique approach adds extra weight for those making the decisions on who to hire. The stress the hiring team faces has to be factored into the candidate decisions. How many times can the hiring team get it wrong before they’re let go? While the pressure to hire the right candidate should always factor in, one has to wonder about the effects of this model.

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Business News

Zoom fatigue? This new messaging tool is here to replace live meetings

(BUSINESS) Live meetings & emails can feel monotonous & unproductive. This new messaging tool offers everything we’re wanting in remote communications.



Woman looking at ZipMessage messaging tool on her laptop on couch.

Even before the pandemic, meetings where everyone was corporally present were becoming less frequent. With technologies allowing for Jim to “conference in” from the east coast and Judy to “video in” from the west, computer-mediated meetings have been becoming the norm for quite some time. This has become even more true over the last few years, both due to the pandemic and due to new technologies such as ZipMessage. What’s that, you ask? Let’s ask the expert. “It’s a video messaging tool made for replacing live meetings with asynchronous conversations,” explained founder Brian Casel in his tutorial video of ZipMessage.

The tool is designed to create video, voice, and screen conversations without live meetings. It’s described as async video messaging software, made for remote work.

As the website explains, people everywhere are experiencing meeting overload. Remote teams everywhere are embracing asynchronous (“async”) communication to overcome three big problems with live meetings.

First, Zoom fatigue is a real thing. ZipMessage states that “your team craves the space for the high-value deep work.”

Second, great ideas are bound to get lost in these spaces. It’s impossible to retain each item being shared, even if taking notes.

Third, email doesn’t fully cut it. Typed messages don’t always convey the full message. With ZipMessage, you can still type your thoughts, but you also have the option of recording a video and sharing attachments.

The conversation about that meeting topic is kept to one page in a back-and-forth, threaded format. Anyone with a link can join in on the conversation without anything to download, install, or sign up for.

This allows you to talk in real-time while giving the opportunity to go back and recap what may have been missed the first time around. In addition to conversation pages and the face/voice/screen/text options, ZipMessage offers intake forms and the ability to go public or private.

It also includes integration with Zapier and Slack. There are embed options, automatic transcriptions, pre-recorded message templates, text and attachments, branded link URLs, multi-speed playback, and more.

This isn’t only useful for communicating with your team, but it can be used to share information with customers, as well.

Will you be ZipMessage-ing?

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