No real estate investor likes the idea of reduced rents, but every good property manager understands that offering the right rent concessions could help fill vacancies or improve lease renewal rates at just the right time.
HelloData has developed proprietary algorithms to extract the types and dollar values of concessions from specials posted in rental listings.
We analyze market data every day to capture the last advertised rent before a unit was taken off the market. Coupled with our concession extraction algorithm, this gives our users the closest thing to actual rents for their competitors.
With our rent comps API and our RentSource bulk data downloads, you can add detailed data including property type, year built, number of stories, beds/baths, square footage and amenity data to your data pipeline or database.
We offer building, unit, and market level data with daily updates for multifamily properties in every U.S. market. Talk with our team if you want to add our data feeds to PowerBI, Salesforce or other PropTech products.