SEATTLE, Oct. 29, 2015 /PRNewswire/ -- Today, Zillow
Group, which houses a portfolio of the largest and most vibrant
rental, real estate and home-related brands on mobile and Web,
announced a new designation for rental properties on its consumer
sites of Zillow®, Trulia® and HotPads®, that better identifies
properties that have income restrictions. Now, when a renter
submits his or her information to the property manager, the renter
will be asked if his or her income meets the standard required to
rent the property if it has income restrictions attached to the
listing.
"Renting is an incredibly competitive market, so when these
income-restricted units are coming on to the market, property
managers are often being flooded with inquiries - but not all of
them are eligible to rent the unit," said Greg Schwartz, Zillow Group chief business
officer. "By clearly prompting the renter to acknowledge an income
range before he or she submits their information to the property
manager, it will reduce the amount of unqualified inquires.
Property managers will be able to respond to potential residents
more quickly - smoothing the rental process for everyone."
Currently on Trulia, potential renters are able to filter
listings by income restrictions, a feature that is expected to be
rolled out to Zillow and HotPads, and their corresponding mobile
apps, by the first half of 2016. The feature was unveiled today at
the first annual Zillow Group Multifamily Forum in front of 500
multifamily professionals in New Orleans,
La.
(ZFIN)
About Zillow Group
Zillow Group (NASDAQ: Z and ZG)
houses a portfolio of the largest real estate and home-related
brands on the Web and mobile. The company's brands focus on all
stages of the home lifecycle: renting, buying, selling, financing
and home improvement. Zillow Group is committed to empowering
consumers with unparalleled data, inspiration and knowledge around
homes, and connecting them with the right local professionals to
help. The Zillow Group portfolio of consumer brands includes real
estate and rental marketplaces Zillow®, Trulia®, StreetEasy® and
HotPads®. In addition, Zillow Group works with tens of thousands of
real estate agents, lenders and rental professionals, helping
maximize business opportunities and connect to millions of
consumers. The company operates a number of business brands for
real estate, rental and mortgage professionals, including
Postlets®, Mortech®, Diverse Solutions®, dotloop® and
Retsly®. The company is headquartered in Seattle.
Zillow, Postlets, Mortech, Diverse Solutions, StreetEasy, Retsly
and HotPads are registered trademarks of Zillow, Inc. Trulia is a
registered mark of Trulia, Inc. dotloop is a registered trademark
of DotLoop, Inc.
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SOURCE Zillow Group