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Respondents attributed blame to rental platforms (40%) and landlords (23%), urging better technology to prevent fraud. When I showed up to move in, the locks were changed, and the landlord had disappeared. Transparency: Verifying landlord identities and listing legitimacy to rebuild renter trust.
The findings indicate strong confidence in the rental housing market, with landlords prioritizing long-term growth and profitability despite economic and regulatory challenges. landlords plan to acquire new properties this year. But the West lags behind, with only 52% of landlords there planning to buy property this year.
There is so much changing every day in the real estate technology landscape, and whether it’s through our HousingStack or our Real Estate D emo Days , we want to help real estate professionals stay current. On Monday, August 31, HousingWire will welcome three companies to present at our next Real Estate Technology Demo Day.
For those who think being an independent landlord is easy, congratulations youre wrong. Finding the best tenant is an uphill battle for some landlords. How can landlords simplify operations and still turn a profit? Landlords can do that themselves with the right tools. The challenges mount from the jump.
Telecom assets including macro towers and small cells have long served as a source of recurring revenue for real estate owners and landlords. Generally, the carrier agrees to pay the property owner or landlord monthly rent for use of land or space upon a building.
Greystar Real Estate Partners, Blackstones LivCor and Cushman & Wakefield are among the institutional landlords accused of fixing rental prices to the detriment of "millions" of renters.
Housing Connector , a housing nonprofit that’s powered by Zillow technology, is launching in Austin, according to an announcement on Tuesday. By bridging the gap between property owners and service providers, they bring a solution-oriented approach that benefits both landlords and residents in need.
rental sector has benefitted most landlords in this country, from larger multifamily investors to smaller mom-and-pop owners. in addition to intentional property investors, the number of so-called “accidental landlords” has also been increasing since 2018, according to research from TenantCloud. The strength of the U.S.
RentRedi CEO Ryan Barone writes that from smart home enhancements to mobile-friendly tech service that streamlines the rental process, technology is the key to helping college-town landlords thrive in today's market.
With new and evolving software solutions, multifamily expert Andy Larson writes, any landlord can thrive in the rental market by letting automation, big data and smart spaces do much of the heavy lifting.
Under a lease-purchase arrangement, the property seller also acts as the landlord. So its not surprising that financial technology (fintech) companies and other investors have turned to the lease-purchase market in recent years, focused on buying single-family homes. Market Embraces Wave of Business Players About 2.4 million U.S.
The DOJ filed a civil suit against RealPage on Friday, claiming that the company’s YieldStar and AI revenue management (AIRM) software allowed multifamily landlords to artificially inflate rents through the sharing of private information. A DOJ official said that additional landlord defendants could be added to the complaint in the future.
Figure , a blockchain-focused financial service company and Apollo , a global alternative asset manager, announced today completing a transaction involving the origination of digital mortgage loans and transfer of ownership via blockchain technology, according to a press release shared with FinLedger.
“When we launched Knox in March 2019, we set out to give everyone, from middle-class homeowners to seasoned landlords, a hands-off, predictable, and lucrative way to build wealth through investment property,” said David Friedman, Knox CEO. Knox has shown people across the U.S.
Its “ smart loans ,” which were built using artificial intelligence technology, are designed to help homebuyers find the best mortgage for their unique financial situation. As for the eviction, TechCrunch reported that it stemmed from a lawsuit filed by its landlord in February 2024.
In addition, her office alleges that EasyKnock violated some of Massachusetts’ landlord-tenant laws. “I Some of these changes include lowering rents for some existing tenants and complying with state landlord-tenant laws. Under the terms of the settlement EasyKnock must comply with all landlord-tenant laws.
The bill, which Governor Gavin Newsom signed into law last year, requires landlords to offer tenants the option to have their on-time rent payments reported to credit bureaus. However, the success of AB 2747 relies on landlords adopting the systems required to report rent payments. This is where technology comes in.
RENTmaximizer effectively outsources the management of rental pricing from a landlord to Yardi itself, which then implements higher prices collectively across a group of landlords,” the lawsuit alleged. By 2013, the software was used to price 8 million residential units, attorneys for the plaintiffs argued.
The platform provides tools for both landlords and renters, which the company said is designed to automate and streamline the management process. “As The National Association of Realtors is adding another partnership to its NAR Realtor Benefits Program.
Ryan Barone, CEO of RentRedi, discusses the ways that landlords are embracing innovative property management solutions and driving development in the proptech sector.
Today, modern technology , including Pretium’s platforms, cut out the middleman by allowing firms to invest directly in assets, decide the kind of leverage they want and determine how Pretium will manage the assets over time.
The landscape of real estate is undergoing significant transformations in 2024, driven by a confluence of technological advancements, shifting market dynamics and evolving consumer behaviors. Remote work: Technology enablement creates more flexibility and freedom.
When landlords break the law and refuse to accept vouchers, it’s reminiscent of Jim Crow-era housing discrimination policies intended to restrain opportunities for Black residents,” Racine said in a statement. We’re sending a message to all landlords: If you follow this playbook, you will face consequences.”.
In November, Freddie Mac announced it would encourage landlords to provide access to rental payment data, by recouping a portion of closing costs for properties it finances. In exchange, the landlord would use a platform to report on-time rent payments to the credit bureaus.
No American should pay more for rent or be kicked out of their home because of illegal tactics by corporate landlords. ” The FTC claims that the company hid certain fees — such as those for smart-home technology, air filters and internet packages — that potentially added more than $1,700 per year to the cost of renting. .
The landlord now seeks judgment for unpaid rent in the amount of $537,304. The firm, which offers “ smart loans ” through artificial intelligence technology, developed a cloud-based portal, LoanFlow , that allows mortgage brokers and loan officers to originate loans anytime, anywhere. Perez on Oct.
The seed round was led by Chicago-based venture capital fund Starting Line , followed by Clocktower Technology Ventures , Company Ventures , Gilgamesh Ventures , and Plaid co-founders William Hockey and Zachary Perret. Austin-based rent reporting fintech Boom announced on Wednesday that it has raised $4.5
HousingWire’s virtual demo days are designed specifically to help mortgage industry decision makers identify the technology solutions they need to operate efficiently and securely. “In the early days of the pandemic, we acted quickly to help remove the threat of eviction for residents of the more than 4.2 Mortgage Tech Demo Day.
Effective natural language processing technologies extract deeper meaning from unstructured data to make a difference in the lives of countless would-be homebuyers who are credit invisible or have not had the ability to obtain access to affordable housing finance. The role of consumer transaction data in increasing homeownership access.
It can do the latter, but the former makes it a unique entry to the market worth consideration for anyone who wants become a full-time landlord. Blanket is property management software that centers on portfolio growth rather than reactive, day-to-day oversight of rental properties.
Lucarelli highlighted that about 50% of these are managed by small-scale landlords who often rely on real estate agents for assistance with their rental properties. Census Bureau ’s most recent Rental Housing Finance Survey , there are approximately 18.8 million rental properties in the country with four or fewer units.
Thumbtacks mobile task scheduling and consumer-first real estate care solution overlaps well with RentRedis iOS and Android applications by offering landlords and tenants a consistent vertical user experience.
Fifth Wall, one of the largest venture capital firms focused on technologies for the global real estate industry, and JAWS , the family office of Bary Sterlicht, were among the new investors that helped raise funding. Not only are customers investing in Parcl’s product, but the company itself also recently secured funding of $7.5
So we were trying to create an opportunity for the consumer to be in control of their experience and give tools for standardization of the tenant screening process that the landlord could then leverage to create operational efficiencies. SW: How do you think your experience on the single-family side informed how you approached this project?
Late last year, the company also ran afoul of regulators in Massachusetts, with the state attorney general’s office alleging that EasyKnock violated consumer protection laws and landlord-tenant laws.
As LA home prices have soared, Sandoval has partnered with her clients to understand how they can qualify for a mortgage loan, even helping some become landlords with accessory dwelling units so they can afford to buy. In addition, she has been named one of NAHREP ’S Top 250 Latino Agents since 2013.
By using lending technologies like The Work Number from Equifax, the industry can help forge a pathway for greater populations to build generational wealth through homeownership. That’s why many in the mortgage industry are actively working to level the playing field.
But technology — particularly leveraging generative AI — can help solve these challenges in new ways. The sprint culminated with a demo day on Thursday where 12 teams presented their solutions to a panel of technology, regulation and housing experts. Each team presenting a use case had to address risk and compliance concerns.
Lessen, a company that builds software to support the business operations of single-family rental investors and multifamily landlords has acquired SMS Assist, a facilities maintenance technology company.
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