Regional News

PropTech startup Rentlogic grades apartment buildings in big US cities

By Editor 0 Comments NEWS, Regional News

PropTech startup Rentlogic apartment buildings US citiesThere is nothing more to dread when moving to city life than finding an apartment to rent. Asking for leads, raking through listing portals, and cutting plans to meet with agents to look at a place at the drop of a hat are just some of the ways that this necessity pushes all the wrong buttons.

However, it doesn’t have to be this way. Through leveraging technology and tapping into public databases about buildings, fairness and transparency can be brought to the rental process, to the benefit of both building owners and residents.

When Yale Fox moved to New York in 2013, he thought he had found a beautiful one-bedroom apartment in the West Village – one of the most vibrant and popular neighborhoods in New York City. Unfortunately, the apartment had items that weren’t advertised: mold, roach, rodents, and a landlord who refused to address these dangerous issues. Of course, most NYC property owners are top-notch and care deeply about maintaining their properties and providing adequate living spaces for tenants. However, in this case, the one thing that Fox could never have known while walking throughout the property, was that it was owned by a notorious bad apple – one who ultimately went to jail.

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