Openigloo is a new startup that aims to bring transparency to NYC’s apartment-hunting process by gathering public information on thousands of rental buildings in the five boroughs into a single app. On this episode we chat with Allia Mohamed the founder of Openigloo who shares the story of the platform’s launch in 2020, the unique ways in which they collect and aggregate data on the rental market, and how renters are using and responding to having this information. She also shares some of the recent trends that she’s seeing in the rental market, some thoughts on brokers fees, and shares the craziest complaint she’s ever heard from renters in NYC. It’s a great conversation and we’re very excited to share this great new platform with all of you. As always let us know what you think!
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The purchase or sale of real estate is a major financial transaction in a person or company’s life. A real estate transaction is a contract where the terms of the documents will determine your rights, so it is essential to take an aggressive approach to the negotiation and drafting of these documents. Failing to do so could cause the loss of significant value and may bind you to unfavorable terms.
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