Antitrust cases contend that use of RealPage’s algorithm, which lets property owners share private data, amounts to collusion.
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I get the old trust-bustin’, price fixin’ legal theories, but OTOH, what do they mean by “what a fair market would support”? For that matter, what do they mean by “fair market” —kinda an oxymoron isn’t it?
I mean on one hand, ALL markets are “unfair” in that they don’t care about the buyers’ needs, just what they will,pay at any given time. On the other, all markets are fair, they’ll eventually sort themselves out to what buyers can bear, or competition will arise and level prices.
It’s very expensive being a landlord these days.
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Landlords got screwed during COVID.
Finding a good tenant is not easy. Breaking even is no picnic.
I saw what my mom and dad experienced. Painful experience is the best teacher. After 20 years my dad finally figured out a great system for vetting tenants and managing turnover, breaking even or better, appeasing city and county inspections, insurance underwriting… I get exhausted thinking about what he endured but he created a system that worked for him and no software required except his brain.
Edit:
I don’t know anyone who uses Real Page in California. Maybe property managers who manage 100+ units and multiple buildings but… real estate is not day trading like stocks and derivatives… prospective tenant applies, check credit and rental history, sign lease, collect deposit and first 2 months of rent, this process takes at least 10 days.
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I think me and my landlord have found a trick where we jointly defeat RealPage’s algorithm. This thing is a toxic nuisance and should be eliminated one way or another.
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From an economic point of view, rentiers are parasites. (Economists don’t care much about economics, though – it’s always ignored in favor of their real job, which is to concoct justifications for whatever crimes the people who pay them commit.) From a legal point of view, large landlords can hardly avoid racketeering charges, at least here in Georgia where the RICO statute doesn’t have the loopholes it does other places. They collude in setting unconscionable lease terms, harbor illegal aliens, regularly commit all sorts of fraud and extortion, file false documents, perjure, abuse the disabled, engage in bribery of officials and judges as well as other corruption, even prevent annexation by towns which completely surround them, thus denying their residents representation.
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Does Fulton county have anti squatter laws? Is it difficult to evict a non paying tenant?
I am not defending fraud and extortion by landlords. My guess is the rental market in Atlanta is distorted by delinquent tenants and rent control laws.
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Read my prior post carefully.
There is no rent control, eviction of even paying tenants is done as a matter or course. Eviction for non-payment can be filed at any time after the rent is due, no grace period. The landlord need not accept cash or checks for payment, nor are the required to accept payment less than their demand, even if the demand is fraudulent and more than specified on the lease. Tenants must pay all rent specified on the lease even if the rental unit is uninhabitable, and even if has been completely destroyed through no fault of the tenant.
In fact, the tenant must pay all money the landlord claims into escrow in order to get a hearing, not that tenants ever win. Even if one does get a hearing, the landlord can demand and receive judgment on any arbitrary additional amount, even if the landlord doesn’t make the claim until the end of proceedings, giving the tenant no chance to defend against the claim. That additional amount must be paid immediately in order to appeal. There is no court record in Magistrate’s court, the entire case must be done over de novo.
Edit: Oh, and the tenant must file an answer in writing to the court within 10 days to the landlord’s complaint, or face immediate dispossession – even if they are not served, even if they are on vacation. Even if the tenant does respond, the landlord can get an immediate dispossessory warrant simply by saying that the tenant didn’t file an answer. Even if the answer is in the court’s records, the court won’t check.
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Apologies for not remembering all the details from your previous post from June 2. My memory and brain are draining like my iPhone battery.
Here is California:
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How much will they be paid to register and vote?
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Add:
Atlanta is number 3
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