RealPage
Just reading the story is a jaw-dropper: ProPublica, the online independent, nonprofit newsroom that “produces investigative journalism with moral force” is saying that Richardson-based RealPage is using proprietary algorithms to help landlords raise rents, turn profits, and basically screw renters out of affordable housing. The algorithm, dubbed YieldStar, uses several strategies. According to the ProPublica report,…
Read MoreD/FW leads the country in apartment demand during the recent quarter.
Read MoreDespite predictions of widespread evictions because of economic distress caused by the pandemic, the apartment industry is weathering the storm, especially in the Dallas-Fort Worth market. So far, residents are making their rent payments on time. More than 87 percent of D-FW apartment households made a full or partial rent payment on time, according to…
Read MoreIt’s a problem that people with common last names face often: being mistaken for another with the same name and birthdate. But Richardson-based RealPage, which provides tenant screening information to landlords and property managers, ran into trouble when the FTC found their tenant screening software misidentified potential renters as criminals, who then were turned down…
Read MoreIf it feels like you’re paying a lot for rent, you’re probably right: huge demand for DFW apartments in 2016, coupled with a shortage of supply, has pushed rents and building occupancy to record levels. DFW rent prices are now averaging almost $1,100 a month, according to MPF Research. Add to that a vacancy rate of…
Read More