Citi Habitats partners with anti-slumlord website

Rentlogic to publish listings for buildings graded a B or higher 

TRD New York /
Sep.September 02, 2016 04:30 PM

Citi Habitats this week became the first brokerage to partner with Rentlogic, a website that grades landlords on how they manage their properties.

Launched earlier this year, Rentlogic is a database that gathers public information on complaints about issues like mold, water leaks or construction noise for New York City multifamily properties and then uses an algorithm to give the building’s landlord a letter grade.

The idea behind the product is to make it easier for renters to identify bad landlords. The platform also doubles as a listings website, showing available apartments in graded buildings, and this is where Citi Habitats comes into play.

Under the partnership, the brokerage will send all its listings to Rentlogic, which then publishes those for buildings graded an A or B. The website will weed out those graded C or lower. Yale Fox, the website’s founder, said he hopes to reach similar agreements with more brokerages. Rentlogic doesn’t charge brokers or landlords, and instead hopes to ultimately sell its product to the city.

“I think the money we could get from (brokerages) is very small compared to the money we could get from the city,” Fox said.

Gary Malin, Citi Habitats’ president, said he chose to partner with Rentlogic to offer more transparency and better services to customers. He dismissed the notion that the partnership could make Citi Habitats unpopular with those landlords who got a bad grade.

“I’ve never been in the position where I thought providing detailed information about the market is a bad idea,” Malin said.


Related Articles

arrow_forward_ios
Rents increased year over year this September in Manhattan and Brooklyn to $4,336 and $3,366

Rents tick up and concessions fall amid broader economic uncertainty

Citi Habitats and Michael Stern’s JDS break up at American Copper Buildings

Citi Habitats and Michael Stern’s JDS break up at American Copper Buildings

Is co-living growing up?

Is co-living growing up?

Is co-living growing up?

Is co-living growing up?

Kevin Kurland and Gary Malin

Spire co-founder Kevin Kurland heads to Citi Habitats

National Cheat Sheet: Insurance rates expected to spike nationwide after hurricanes Harvey & Irma, Amazon looks to spend $5B on a second HQ … & more

National Cheat Sheet: Insurance rates expected to spike nationwide after hurricanes Harvey & Irma, Amazon looks to spend $5B on a second HQ … & more

Citi Habitats broker turned landlord’s roof into urban farm, toilet for dogs: lawsuit

Citi Habitats broker turned landlord’s roof into urban farm, toilet for dogs: lawsuit

Deadline day: Corcoran, Citi Habitats say they’ve cut StreetEasy rentals off – here’s what the others are doing

Deadline day: Corcoran, Citi Habitats say they’ve cut StreetEasy rentals off – here’s what the others are doing

arrow_forward_ios