AUTOMATIC PRICE UPDATES
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During a six month study with an Entrata client using Entrata Pricing, market rents grew 15% more than a comparable set of properties within the same company.
ProPublica's reporting showed the problem to be so obvious and egregious that authorities had to publicly move against RP. However, rental rates are what form the backbone of property valuations that landlords borrow against, or for REITs. I suspect that there's no real political will to go after this clearly-widespread fraud because it would have deep ramifications for the financial system at-large. If rents fall substantially, so do property valuations, which blows up many financial positions. No one involved in the lawsuits is personally connected to affected renters; many are connected to affected landlords, or else to people who are heavily-invested in general. None of these people want asset prices to drop.
https://imgur.com/a/RR2vWnJ
ProPublica's reporting showed the problem to be so obvious and egregious that authorities had to publicly move against RP. However, rental rates are what form the backbone of property valuations that landlords borrow against, or for REITs. I suspect that there's no real political will to go after this clearly-widespread fraud because it would have deep ramifications for the financial system at-large. If rents fall substantially, so do property valuations, which blows up many financial positions. No one involved in the lawsuits is personally connected to affected renters; many are connected to affected landlords, or else to people who are heavily-invested in general. None of these people want asset prices to drop.