Archive for January, 2011
Landlords are beginning to act more like airlines—using supply and demand to make quick adjustments to rent prices.
Long an old-fashioned bunch known for thick bundles of leasing agreements, some landlords are now using sophisticated computerized models to monitor competition, upcoming vacancies and seasonal patterns to determine optimal rent. While it’s not quite the blink-and-you’ll-miss-it tactics of airlines, rents can change quickly, sometimes day to day.
For landlords, it is about “being able to react quicker, changing your Click Here for Full Video/Article (Members Only)
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