That’s because asbestos and lead paint are better building materials.
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Yeah, I had to sign a waiver. They said all lead paint had been removed, but by law I still had to sign one.
Friend of mine who got some water damage in her place that was a recent build had to have asbestos testing as part of the mitigation process. Even though the likelihood of having any is slim.
Houston never makes this list but looks like even we’re getting hit with a bubble.
Another interesting bit of info…
“An e-book produced by RealPage says that the company allows corporate landlords who are “technically competitors” to “work together . . . to make us all more successful in our pricing.””
Not too often crimes are admitted to in company manuals.
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I mean seems pretty textbook. You just know there’s a text message or email that says, “This seems pretty illegal.” Response: “What are they going to do about it? Probably nothing.”
I bet there’s not only an email or two like that but then records of the person(s) getting fired for saying it.
Are people that dumb, that they are leaving a trail of illegal conversations via electronic communications? Hope they don’t use hotmail or gmail!
They are when they believe nothing will happen even if they get caught.
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This makes no sense.
3rd Ward, Northside Village, EaDo, and even pockets of Heights are great investments.
Outside the loop, Oak Forest, Independence Heights, and pretty much all of the Northside of Houston are seeing increased home values
It’s because the growth in the article is the metro region and not the city necessarily.
I’ve been in PropTech since the early 2000s, always with companies competing against RP. I know a bunch of people over there and work with a bunch of ex-RP folks.
I remember in 2016 when RP was in the process of buying the competing price optimization software LRO. Back then there were 2 players, RP’s Yieldstar and LRO. They battled it out for about ~7 years until RP just bought them out. The company I was with at the time was contacted by the DOJ. The DOJ was trying to determine if they should allow the sale to go through or if it would cause a monopoly.
It clearly did. The only way the sale was allowed had to be $$$/lobbying.
Since then RP has built out a new product RP AIRM and have been pushing folks off Yieldstar and LRO and onto it.
It is expensive too, generally ~$5 per unit a month, plus 10K+ for your pricing analyst. It’s probably one of their higher-margin products.
Also of note, not every PMC that uses RP, uses their Revenue Optimization product, but also they sell their Rev product to non-RP shops. I’d guess of PMCs over 15K units, probably 60% use it, for the big REITS over 40K I’m sure it is even higher %.
It was originally born out of hotel/airline industry’s demand-based pricing. Cleary, the major difference is, Delta and United aren’t working in tandem to set ticket prices like RP AIRM customers are now.
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