Rent Going Up? One Company’s Algorithm Could Be Why.
Rent Going Up? One Company’s Algorithm Could Be Why.
Texas-based RealPage’s YieldStar software helps landlords set prices for apartments across the U.S. With rents soaring, critics are concerned that the company’s proprietary algorithm is hurting competition.
A must read.
The way they framed a landlord's unwillingness to raise rent by a large amount is a problem of "too much empathy"... They said it out loud. Wow. Thank you for sharing.
This year my rent up 20%, which is crazy. My state has no laws in place to protect renters, so when I called the apartment management company to ask if it were a mistake, they said it wasn't, and when I asked if they could tell me it wouldn't get raided another 20% next year, I was told they couldn't guarantee it.