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We replaced rental brokers with software and filled 200 vacant apartments

caretaker.com

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Re: We replaced rental brokers with software and filled 200 vacant apartments

#341
post #336
post #302

I recently moved house. I was previously living with my friend, and we had an agreement I pay sometime before the end of the month. He gave me a contract and said you'll need this, just because when you go to the next place they will ask you for your previous contract. He found it online, it was boiler plate and we agreed verbally I pay him whenever during the month. We we're really good friends, and I lived there fo…

Why did you pay him on willy nilly days instead of just setting up a recurring standing order and being done with it?

[deleted]

Re: We replaced rental brokers with software and filled 200 vacant apartments

#342
post #285

Earlier quoted context omitted.

> It is now cheaper for the average person to get a ride to an airport/bar than it was before. On average, in certain locations. In others, not so much. And let's not forget surge pricing. Or people living, or wanting to get to a place, along low-profit routes. Or people with disabilities. > more predictable with pricing Depends. Regular taxis tended to cost a bit more, but had much lower variance. > Uber drivers mak…

> On average, in certain locations. In others, not so much. And let's not forget surge pricing. Or people living, or wanting to get to a place, along low-profit routes. Or people with disabilities. You can always take a regular cab. Low profit routes were pretty much impossible to get pre-Uber. I am almost certain that Uber is more likely to obey disability laws than "Joe's taxi" with a few cars. > Depends. Regular t…

> I am almost certain that Uber is more likely to obey disability laws than "Joe's taxi" with a few cars.

Knowing the lawsuits from people who've been refused rides from a regular Uber because they have a service dog, or their wheelchair 'probably won't fit' (I think I can tell you whether the wheelchair I usually put in the trunk of a car is likely to fit in your trunk, thank you), I am not.

But there are also specific accessible taxis. How do I call an Uber that will take a powered wheelchair?

Re: We replaced rental brokers with software and filled 200 vacant apartments

#343

I lived in a UDR apartment property for the past 3+ yrs. They first had 2 full-time sales persons on site. That went down to one, then to zero. Now they lease based on GOOD 3d drawings of apartments, virtual showings, and easy Docusign based lease agreements. You can check it out here: https://www.udr.com/washington-dc-apartments/arlington/cresc... No value seems to have been lost in going from humans to software. Ye…

Yes, but this highlights a very tenant-unfriendly side effect of "the algorithm" that I noticed during a recent apartment hunt: monthly rent estimates vary, sometimes wildly, day to day. It's really silly to me that selecting a move in date for next Friday results in a monthly rent $100/month cheaper than a move in date the following week. I mean, I understand some of the variables: length of vacancy, estimated market conditions at the end of the lease, etc, etc, could all contribute to slightly different market conditions or costs to the landlord that they want to pass on to the tenant. But it strikes me as intentionally opaque and hostile to renters.

Re: We replaced rental brokers with software and filled 200 vacant apartments

#344

Caretaker: The redfin of brokers. Take all the value for themselves freeze out the brokers (who provide a service but are universally disdained). Ride that wave of positive news for a couples years. Eventually everyone will hate the fraction of the market Caretaker has as they raise prices to make investors happy and people realize there are problems. It's like the same idea of Uber and Lyft. Less human involvement =…

Brokers don't exist in most cities and it works just fine.

Maybe there is value, but not 10-15%.

Maybe Caretaker isn't the perfect solution either ... but brokers definitely are not.

It's definitely an activity that should be disrupted.

Re: We replaced rental brokers with software and filled 200 vacant apartments

#345
post #55

Earlier quoted context omitted.

No, they are not. The consumer price depends only on supply and demand. Fees don't influence none of it, only the cost of the selling party and thus his profit.

This is correct in almost all cases (outside of highly commoditized goods) and it's crazy how people don't understand it. It's why the price of McDonalds doesn't increase when minimum wage does. McDonalds is already charging as much as they can for a Big Mac (where stores averages a 40% margin). Increasing minimum wage means that margin goes down a bit, not that prices increase. If they could increase prices they alr…

So you just reject the field of economics entirely?

Like, lets say that the government adds a 20$ tax/fee on fast food, per burger sold. Clearly McDonalds would no longer be able to sell burgers for 4 dollars.

Thus price would increase. Or supply of burgers would go down (thereby only leaving higher priced burgers in the market).

Re: We replaced rental brokers with software and filled 200 vacant apartments

#346
post #329

Earlier quoted context omitted.

serious Q. how in the world would any credit agency know what day you are paying the rent? In the US, I don't believe any credit agency has insight into my personal bank accounts re size (I think?) or when things are paid to whom they are paid or the like (pretty sure about this). they know about my debts, but unless the landlord puts me into collection, I ca't imagine a reason for my rent appearing on the report (it…

OP here - Estate agent asked for 6 months bank statements, which I assume was requested by the referencing agency. I don't think is common practise in the U.K, but I asked around and lots of people told me it is more common that the larger agencies ask for it, plus it was for an apartment in a very competitive development so I feel like it might have been a forcing function to reduce the amount of applicants but that…

I was renting about 5 years ago and even back then the agency asked me for about 6-12months of bank statements checking the payment dates and probably checking if I could afford it

Re: We replaced rental brokers with software and filled 200 vacant apartments

#347
post #336
post #302

I recently moved house. I was previously living with my friend, and we had an agreement I pay sometime before the end of the month. He gave me a contract and said you'll need this, just because when you go to the next place they will ask you for your previous contract. He found it online, it was boiler plate and we agreed verbally I pay him whenever during the month. We we're really good friends, and I lived there fo…

Why did you pay him on willy nilly days instead of just setting up a recurring standing order and being done with it?

Because for certain professions income is reliable but not set to a 14 day pay cycle.

Could be that OP is a freelance author and is paid depending on when stories are picked up, or is contracting for multiple employers and has an irregular payment schedule depending on their invoicing.

Not everyone conforms to the same set of employment/fiscal assumptions we (here meaning "educated white collar US tech workers") may have.

Re: We replaced rental brokers with software and filled 200 vacant apartments

#348
post #176

Earlier quoted context omitted.

In San Francisco at least I'm not sure this is a true statement at ALL. San Francisco law is that tenants may sublet / add roommates etc. Landlord has 14 days to object. Objection has to be for a good reason. At least that's how I've always understood it. Can you cite the rule in San Francisco that landlords are under no obligation to allow subletting? https://sfrb.org/topic-no-151-subletting-and-replacement-roo... .

The OP is talking about passing over the lease and the entire unit. Your own link says that is prohibited even in SF. > nothing in the Rent Ordinance allows a tenant to sublet or assign the entire unit to a new tenant in violation of a lease

The way it works is that just as this software says, the original tenant remains responsible for the rent through end of lease term.

In San Francisco, once all original tenants have left, landlord can reset the rent to market rate.

So you can sublet through end of your lease (which is what most people want to do). After that, you don't care.

Re: We replaced rental brokers with software and filled 200 vacant apartments

#349

Earlier quoted context omitted.

Yeah I don’t understand the parent comment’s gushing take on Uber/Lyft. I consider them a net positive but they are hardly a 100% win. In my area prices shot up from what they were 1-2 years ago, and many drivers barely break even (if they do) once you take into account maintenance costs on the car they drive.

Do you think taxi drivers are making more money than uber drivers considering they: - Taxi drivers (outside of NYC) in the US are going to get less rides per hour than uber drivers - Taxi drivers traditionally have to give a larger share to the taxi company than uber drives give to Uber. If they are independent then they have identical car expenses as an uber driver. I 100% believe that a lot of Uber drivers barely b…

He wore down his car and had to pay higher insurance. He ended up making slightly over 9 dollars an hour. Better than a busboy.. perhaps but at least after bus boying he will have a car that still works.

Re: We replaced rental brokers with software and filled 200 vacant apartments

#350
post #262

Earlier quoted context omitted.

Neither of these things is true in NYC: cabs charge a fixed rate to the area airports (Uber is at least twice that rate), and hack drivers have historically made reasonable money. Most of them have lost that stability, as well as (in some instances) their life savings due to the medallion crash.

Yes, the medallion crash.... because medallions were a political "tool" which controlled supply, making them artificially way more valuable than they otherwise should have been.

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