Case Study #1
Christopher teaches English at a Chicago high school. Tired of the
long commute from the suburbs, he moves into a second floor apartment just ten minutes from work. He pays little
attention to what looks like an empty storefront below.
The first Monday after moving in, Christopher returns home with a
stack of essays to grade. As he sits at the kitchen table writing
comments in the margins, the table begins to shake. His pen scratches a jagged red scar across the page.
He rushes downstairs to find out that the evening Zumba class is in
session.
The next day he talks to the property manager, who says nothing
can be done since the class ends before 10 P.M. Unable to concentrate
in his own apartment, Christopher eventually pays a lease break fee
and moves out, but the expenses force him to have to cancel his planned trip
to Europe and teach summer school instead.
Case Study #2
Susan looks at over 20 Chicago apartments before she falls in love
with a cute studio in a vintage building with a funny little
elevator. She signs a lease immediately, unaware that the landlord
had recently been fined by the city for uncharged fire extinguishers
and improper smoke alarm maintenance.
Six months into her lease, a stick of burning incense in her
neighbor's apartment falls from its holder onto a pile of magazines.
Her neighbor is out buying snacks at the corner convenience store.
Susan is asleep on her futon.
Susan wakes up in an ambulance. She is treated at the hospital and makes a full recovery. However, the cost of
replacing her damaged property forces her move back into her parents'
house. She later learns from newspaper accounts that the hallway fire
extinguishers had malfunctioned.
Case Study #3
Brian and Sarah, newly engaged, move into a fully remodeled
apartment on the first floor of a two-flat. They set up the second
bedroom as an office so they can work from home on Fridays and
plan their wedding. What no one has told them is that their landlord
died the previous month.
As their wedding day approaches, they notice a water spot forming
on their bathroom ceiling. As it grows larger, they make multiple calls to the landlord's
office, none of which are returned. After extensive calling and
research, they learn the landlord's estate is in probate court,
leaving no one responsible for the building. By the time they return
from their honeymoon, the bathroom ceiling has caved in.
The Problem
There are major flaws in the Chicago apartment hunting
process.
1. Our research shows that over 60% of Chicago's renters perform
apartment searches without the help of an agent. This gives them
access to more listings, but it increases the risk that they will be
blindsided by hidden problems with their apartment,
property manager, or landlord. Even renters who work with
agents may find that their agents are prohibited from full
disclosure.
2. Online listings have made it easy to review a lot of apartments
very quickly, but it's easy to fall into the trap of believing that
they're giving you the whole story. 75% of the renters we surveyed
said that issues like foreclosure filings and code violations
would be deal-breakers, but only 5% of them had ever done apartment
research beyond the price and basic neighborhood data provided by
online apartment marketing sites.
3. When it comes to apartments, consumer review sites like Yelp
are unreliable sources of information. Only 1% of the online
population will contribute to review sites, but over 10% of
Chicago apartments had moderate to severe physical defects
according to the 2013 American Housing Survey performed by the U.S.
Department of Housing and Urban Development.
4. While many renters have been happily accepting online listings
as the full story, landlords have been taking a “trust but verify”
approach to their tenants. Landlords screen their tenants, looking at
their credit history, criminal history, and employment history before
they're approved for a lease. Tenants have never had a similar
option to screen their landlords... until now.
The Solution
RentConfident is an apartment research service where anyone can
quickly obtain a neutral, thorough data snapshot of any apartment
or rental home in Chicago. Our skilled team of former property
managers have spent months designing clear, easy-to-read reports that
cover everything from severe risks to minor flaws.
When searching for an apartment, do you ask:
- How many times will I have to circle the block to find a parking
spot?
- Has the owner paid the water bill?
- Will my landlord file for eviction if I'm a couple days late with
the rent?
- Is my porch in danger of collapsing?
- Is my property manager a sex offender?
We've built a research engine that pulls information from over
60 public data sources to answer questions like these. Our
passionate and hard-working researchers organize this information
into easy-to-read reports.
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We are 100% neutral. We do not accept advertising, nor do
we allow landlords to pay to change the content of our reports.
Now we need your help.
We've just launched, and we have some very real and immediate
challenges that your donations can help us overcome:
-
Protection – Your donation will help us cover attorney
fees, accountant costs, and insurance for employees.
-
Promotion – Your donation will help us reach renters all
around the city to raise awareness of the benefits of apartment research and the dangers we can help them
avoid.
-
Payroll – Your donation will allow us to pay our
employees until we're self-sustaining.
Every little bit helps, even if it's just $25. Just
click the “Contribute now” button.
Your kindness and generosity not only helps us, but helps all of
the people we will help in the future. Thank you so much for your
support!
Please share this with all of your friends!
If you have any questions or want to see a sample report, we'd
love to hear from you at rentconfident.com.
About us
Kay Cleaves has been involved in the Chicago residential rental industry
as an agent and property manager for over a decade. She has worked as
a property manager and a Realtor, assisting with over 1200 rental
transactions during her time in the field. She spent two years as the
author of real estate blog StrawStickStone, which focused heavily on
landlord-tenant matters including market forecasts and legal
compliance. She is a self-taught web developer who has been building
websites and web applications since the late 1990's. She is the
developer of the RentConfident research engine.
Jon Hoferle, with over ten years experience in rental property management, has seen just about everything that could make a rental
experience go wrong. He has spent countless hours trying to make it right. As a part-time freelance writer, Jon appreciates
the elegance through which RentConfident organizes hundreds of data
points to tell an apartment's story. He brings a creative spark and
strong customer service background to the company and knows the
importance of getting information to clients in a timely fashion.