Updated over 7 years ago on . Most recent reply
Property Managers: Would you share your rental data for a fee
Was contemplating this business idea and was wondering if property managers would find it interesting. One of the problems with sites like Rentometer is that it only collects rent data from public websites. That is just a slither of the rent data for a particular area (same problem as MLS rent statistics). Property managers are the ones that know best the rental data in an area based on the potential thousands of units that they manage and that a lot of time they renew without posting a listing anywhere.
So my question is: would you share your rental data (1 button click integration with the major property management software platforms like RentManager, AppFolio etc) in return for some sort of revenue sharing? I was thinking the data would get deidentified as well (if someone searches for rents in a particular area it would just tell them 2 bedrooms withing 4 miles rent for a min max average, without revealing any actual addresses). In exchange for sharing your data, you could either get an upfront fixed fee or a small fee every time your data is included in a query by a user of the service.
Does this sound even remotely interesting? Would be curious to discuss further.