NEW YORK, NY--(Marketwired - Oct 7, 2014) - RentHop, the smarter apartment search marketplace, announced today that it entered into a partnership with AppFolio, the leading provider of web-based property management software, to distribute rental listings from AppFolio's database to RentHop's nationwide housing search engine.
RentHop is the first and only nationwide apartment rental search engine to use a dynamic, data-driven approach to ranking and sorting apartment rentals. For each listing, RentHop's proprietary algorithm, the HopScore, analyzes historical and current data regarding the quality and completeness of the listing, the viewing patterns of the listing on RentHop, and the responsiveness of the property manager offering the apartment. The HopScore also compares each apartment listing to all other nearby listings and creates a composite score for the listing. The score captures the listing's objective quality and its quality relative to other nearby listings.
Renters can use RentHop's list-based and map-based search tools to browse RentHop's listings and can use the site's comprehensive search filters to find the best listings for them. RentHop also makes it easy and fast for renters to reach out to property managers to schedule viewings and manage responses. Renters can also use RentHop's Rental Heatmaps to identify the hottest neighborhoods, compare prices and see trends across different neighborhoods.
AppFolio's web-based property management software is used by thousands of property management professionals to run a more modern and efficient business. With features that include complete accounting, marketing, online leasing, mobile inspections and more, this partnership with RentHop now offers AppFolio customers even greater reach for their rental listings.
Co-founder and CEO of RentHop Lee Lin stated, "I'm excited to be adding AppFolio's listings to RentHop. As RentHop continues to grow nationwide, these additional listings will help us meet our goal of giving renters access to every available rental listing on the market."
About RentHop
Founded in 2009 by Lawrence Zhou and Lee Lin, RentHop simplifies real estate decisions using technology and data analysis. It offers the most sophisticated apartment quality ranking algorithms, helping apartment hunters quickly sift through large pools of inventory to find the most appropriate listings and to schedule viewings quickly and easily. RentHop's innovative Rental Heatmaps give up-to-the-minute visibility into rental price data at the neighborhood level across the country.
RentHop is funded by Y Combinator. For more information, please visit www.RentHop.com, follow RentHop on Twitter at @RentHop, or find us on Facebook.
About AppFolio
Headquartered in Santa Barbara, AppFolio Property Manager is a comprehensive, Web-based solution designed expressly for the needs of property management professionals. Tailored to solve the specific challenges of the property management industry, AppFolio Property Manager provides Web-based features appealing to modern renters while driving higher productivity and business ROI. For more information, please visit AppFolio.com.
Contact Information:
For information, contact:
Robert B. Weiss
+1 703 608-0937