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This might backfire. Large scale landlords and would be tenants are both pretty familiar with the market. The only people not familiar with the market are mom

This might backfire. Large scale landlords and would be tenants are both pretty familiar with the market. The only people not familiar with the market are mom and pop landlords who tend to not update rent with changing market conditions. This increased transparency might cause them to raise rents because it'd be easier to do comps, and they wouldn't previously undercharging a tenant to make it harder to find a new tenant at a higher price.

BlackjackCF 3y ago
I don’t know how true this is anymore. Apps like Zillow, Apartments.com and the like make it very easy for even small-time landlords to figure out what the market is.
- Enginerrrd 3y ago
  I honestly think Zillow IS a market inefficiency. It's bad enough that it can't be relied on at local scales, yet ubiquitous enough that I think it pushes the market around a bit and has made prices stickier than they should be. It overvalues poorly maintained houses and probably undervalues well-maintained ones. Not sure how much it really helps with price discovery...
richiebful1 3y ago
It's not that hard to figure out what people are charging for a similar unit today, especially in a larger market where a high percentage of listings are online. Some mom and pop landlords (including myself) prioritize for having sustainable, enjoyable tenants. The gold standard is a tenant who requires little upkeep, pays on time, and stays for a long time. I won't increase the rent on tenants who are easy to work with. If a new prospective tenant asked why the price is going up, I'd explain that it's the going market rate, and they're welcome to find another place. I doubt transparency would change anything when listing prices are already public and rarely negotiable
- lcnPylGDnU4H9OF 3y ago
  > mom and pop landlords If one was looking for such a landlord, what should they be looking for on the listing? Is there a common place where you might choose to list a rental that's not as frequently used by big players?
  - orwin 3y ago
    I found two in 10 years, so I might be an expert! Ask your friends and extended family about it. Especially if you're looking for single bedroom apartment. You never know, X's grandfather can have a small appartement he doesn't want to put on the market because it's a hassle, or your cousins' family (the other one) can have the perfect appartement for 2 people, 2 minutes from the sea, 5 from the train station, and you just have to wait a year for it.
seydor 3y ago
online shopping seems to have had the opposite effect

BlackjackCF 3y ago

I don’t know how true this is anymore. Apps like Zillow, Apartments.com and the like make it very easy for even small-time landlords to figure out what the market is.

Enginerrrd 3y ago
I honestly think Zillow IS a market inefficiency. It's bad enough that it can't be relied on at local scales, yet ubiquitous enough that I think it pushes the market around a bit and has made prices stickier than they should be. It overvalues poorly maintained houses and probably undervalues well-maintained ones. Not sure how much it really helps with price discovery...

richiebful1 3y ago

It's not that hard to figure out what people are charging for a similar unit today, especially in a larger market where a high percentage of listings are online. Some mom and pop landlords (including myself) prioritize for having sustainable, enjoyable tenants. The gold standard is a tenant who requires little upkeep, pays on time, and stays for a long time. I won't increase the rent on tenants who are easy to work with. If a new prospective tenant asked why the price is going up, I'd explain that it's the going market rate, and they're welcome to find another place. I doubt transparency would change anything when listing prices are already public and rarely negotiable

lcnPylGDnU4H9OF 3y ago
> mom and pop landlords If one was looking for such a landlord, what should they be looking for on the listing? Is there a common place where you might choose to list a rental that's not as frequently used by big players?
- orwin 3y ago
  I found two in 10 years, so I might be an expert! Ask your friends and extended family about it. Especially if you're looking for single bedroom apartment. You never know, X's grandfather can have a small appartement he doesn't want to put on the market because it's a hassle, or your cousins' family (the other one) can have the perfect appartement for 2 people, 2 minutes from the sea, 5 from the train station, and you just have to wait a year for it.

seydor 3y ago

online shopping seems to have had the opposite effect