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“The beauty of YieldStar is that it pushes you to go places that you wouldn’t have gone if you weren’t using it,” said Kortney Balas, director of revenue manage
by deviantbit 4y ago
“The beauty of YieldStar is that it pushes you to go places that you wouldn’t have gone if you weren’t using it,” said Kortney Balas, director of revenue management at JVM Realty"
What she really means, is she would have never imagined sucking every penny out of you, until she got a hold of their software. They get filthy rich, while you need a place to live, and they generate excess profits on false supply and demand models.
Where I live, we have 60% occupancy, but the area is priced beyond anything reasonable. $2500 a month for a studio is nuts. Now we're getting a renters tax from the city. Joy.
- andrepd 4y agoHonestly Georgism looks like a perfect fit here. "Market" rent going through the roof like you say, while occupancy stays low? Enjoy paying 1000$+ every month on a vacant flat you're making no money off. I.e.: double-dip pressure for prices to fall and/or occupancy to rise.
- deviantbit 4y agoSo, lower your rent, and fill the unit. Make $1000 a month to cover the cost is better than losing money on it.