Oct 152022
 

by Heather Vogell, ProPublica, with data analysis by Haru Coryne, ProPublica, and Ryan Little ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. On a summer day last year, a group of real estate tech executives gathered at a conference hall in Nashville to boast about one of their company’s signature products: software that uses a mysterious algorithm to help landlords push the highest possible rents on tenants. “Never before have we seen these numbers,” said Jay Parsons, a vice president of RealPage, as conventiongoers wandered by. Apartment rents had recently shot up by as much as 14.5%, he said…

External feed Read More at the Source: https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent

 2022-10-15

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