<div dir="ltr"><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;font-size:large">Does anyone know whether the YieldStar algorithm is trustworthy? <br></div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;font-size:large"><br><br>See: <a href="http://www.nytimes.com/2011/11/30/realestate/commercial/landlords-use-computers-to-arrive-at-the-right-rental-fee.html?_r=0">http://www.nytimes.com/2011/11/30/realestate/commercial/landlords-use-computers-to-arrive-at-the-right-rental-fee.html?_r=0</a> . Also: <a href="http://www.charlotteobserver.com/news/business/article9116507.html">http://www.charlotteobserver.com/news/business/article9116507.html</a><br><br>CHARLOTTE OBSERVER<br>"Why you pay more rent than your neighbor"<br><br>A two-bedroom apartment in one of north Charlotte’s largest complexes could cost you about $900 a month. Next<br>week, it might run you hundreds of dollars more. Apartment shoppers ...are finding that prices on units they’re interested in can vary dramatically from day to day, even hundreds of dollars in the span of a week. <br><br>... Dynamic pricing, as it’s called, drives what you pay for everything from hotel rooms to the hottest items on Amazon – anything where supply and demand can fluctuate quickly. ...<br><br>Apartment managers acknowledge they’ve heard some complaints about different rents for similar units. But<br>investment companies like the pricing method – also known in the industry as yield management – because it allows<br>them to systematically set rates across multibillion-dollar portfolios and rapidly respond to changing conditions in<br>specific markets. .....<br><br>.... Prices there are set daily, and each of the complex’s 267 units has its own rate. If a half-dozen units lease over the weekend, she said, the price can spike....<br><br><br><br><br></div></div><div class="gmail_extra"><br><div class="gmail_quote">On Tue, Nov 10, 2015 at 3:46 PM, Leonard Cabral <span dir="ltr"><<a href="mailto:LensLaw@lenslaw.com" target="_blank">LensLaw@lenslaw.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
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<p class="MsoNormal"><span style="color:black">The problem I have is that the lease states that the rent will increase $100 a month at the end of the term. Then it mentions the YieldStar. Tenants don’t know what it is or that the rent could go more than $100.
I think it is misleading. If there was no mention of the $100 increase in the lease I think the YieldStar would be ok. I don’t think there is a meeting of the minds at this point, (the lease does not state subject to change).
<u></u><u></u></span></p>
<p class="MsoNormal"><span style="color:black">As far as what is wrong with it, Probably nothing wrong with the program but there will be people that will use it to manipulate the market especially if the numbers are calculated using the owners’ own properties
to calculate the rent.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;color:black">Leonard P. Cabral<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;color:black"><a href="mailto:Leonardcabral@lenslaw.com" target="_blank">Leonardcabral@lenslaw.com</a><u></u><u></u></span></p>
<p class="MsoNormal"><span style="color:black"><u></u> <u></u></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> <a href="mailto:landten-bounces@lists.flabarrpptl.org" target="_blank">landten-bounces@lists.flabarrpptl.org</a> [mailto:<a href="mailto:landten-bounces@lists.flabarrpptl.org" target="_blank">landten-bounces@lists.flabarrpptl.org</a>]
<b>On Behalf Of </b>Harry Heist<br>
<b>Sent:</b> Tuesday, October 27, 2015 7:40 AM<br>
<b>To:</b> 'RPPTL Landlord Tenant Committee' <<a href="mailto:landten@lists.flabarrpptl.org" target="_blank">landten@lists.flabarrpptl.org</a>><br>
<b>Subject:</b> Re: [RPPTL LandTen] YieldStar<u></u><u></u></span></p>
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<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1f497d">It is a company that helps apartment communities determine rents like airlines determine fares based on supply/demand etc.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1f497d"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1f497d">There is nothing wrong with raising the rent on renewals or month to month.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1f497d"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1f497d">Harry<u></u><u></u></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif">
</span><a href="mailto:landten-bounces@lists.flabarrpptl.org" target="_blank"><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif">landten-bounces@lists.flabarrpptl.org</span></a><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif"> [</span><a href="mailto:landten-bounces@lists.flabarrpptl.org" target="_blank"><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif">mailto:landten-bounces@lists.flabarrpptl.org</span></a><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif">]
<b>On Behalf Of </b>Leonard Cabral<br>
<b>Sent:</b> Tuesday, October 27, 2015 5:43 AM<br>
<b>To:</b> RPPTL Landlord Tenant Committee<br>
<b>Subject:</b> [RPPTL LandTen] YieldStar<u></u><u></u></span></p>
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<p class="MsoNormal"><u></u> <u></u></p>
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<p class="MsoNormal"><span style="font-size:14.0pt">Has anyone heard of YieldStar?
<u></u><u></u></span></p>
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<p class="MsoNormal"><span style="font-size:14.0pt">I have a client who has a lease that renews at the end of the term as a month to month with a $100 increase in rent or the YieldStar calculation.<u></u><u></u></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> </span><span style="font-size:14.0pt"><u></u><u></u></span></p>
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<p class="MsoNormal"><span style="font-size:14.0pt">If the YieldStar calculation for renewal enforceable?
<u></u><u></u></span></p>
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<p class="MsoNormal"><span style="font-size:14.0pt">Client has no idea what YieldStar is and was told her rent is going up almost $300 because of the YieldStar calculation.<u></u><u></u></span></p>
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<p class="MsoNormal"><span style="font-size:14.0pt">I think there is another company called Goldstar.<u></u><u></u></span></p>
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<p class="MsoNormal"><i>Leonard P. Cabral, Esq.</i><span style="font-size:14.0pt"><u></u><u></u></span></p>
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<p class="MsoNormal">212 North Park Ave., <span style="font-size:14.0pt"><u></u><u></u></span></p>
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<p class="MsoNormal">Sanford, FL 32771<span style="font-size:14.0pt"><u></u><u></u></span></p>
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<p class="MsoNormal"><a href="mailto:Leonardcabral@lenslaw.com" target="_blank">Leonardcabral@lenslaw.com</a><span style="font-size:14.0pt"><u></u><u></u></span></p>
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<p class="MsoNormal">(407)330-4998<span style="font-size:14.0pt"><u></u><u></u></span></p>
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