By Laura Waxmann, Mission Local
Rent Masters, a startup offering to help tenants willing to move out of rent-controlled housing figure out what they would be owed in buyout money, came under fire this month by the city’s housing rights community.
In a buyout, a tenant agrees to vacate a unit in exchange for a payout by the landlord. Negotiations involved in this process can be lengthy and taxing, and tenants are often left with a compensation that sounds big but vanishes quickly as the tenants search for new housing.
Rent Masters founder Brian Bensch, however, argues that there are situations in which both parties can benefit equally from a buyout. His company, he said, taps into a “unique but necessary” market by using technology to empower tenants.
Read the complete story at Mission Local.
