RentHop aims to cut broker fees in NY

14 Jul 2009

A new startup out of incubator Y Combinator has launched in New York. The idea is to eliminate broker fees charged by agents with rental listings. New York is the logical place to start since brokers generally charge a fee of 15 percent of the first year’s rent. It’s not clear if the model will work in other markets where that's not the case.

RentHop cuts deals directly w

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Brian Blum

Brian Blum covers the U.S., Canada and Israel for Classified Intelligence Report, and contributes to our special reports and research projects. Originally from San Francisco and now based in Jerusalem, he has been with the AIM Group since 2004. He is the president of Blum Interactive Media, specializing in writing and multimedia content development for online, print, video and audio. His clients include newspapers, universities and non-profits. He is currently working on a book about the billion-dollar bankruptcy of a once high-flying Israeli startup.