Landlord Software Is Making Life Hell for Renters, Report Says
https://www.vice.com/en_us/article/ak3vek/landlord-software-is-making-life-hell-for-renters-report-says
A new report from Tech Equity Collaborative looks at the way that the growing property technology (“proptech”) industry is impacting tenants for the worse. Researchers found that the influence of venture capital in the industry led to worse outcomes for tenants and prospective homeowners.
The property technology sector—software that helps companies and landlords purchase real estate, collect rent, screen tenants and more-—has grown enormously in the last decade: according to the report, “Venture capital investment in the space has increased by 53X globally between 2010 and 2021, from $600M to $32B.” That includes $19 billion of investment in 2021 alone. And investments from private equity increased 35 percent the same year.