Tag: housing

Facebook Marketplace can help you find a new place to rent

Facebook is rapidly expanding its offerings in its Marketplace section, pulling oft-searched items like used cars into its Craigslist competitor. Now the company is bringing housing rentals from Apartment List and Zumper into the fold, letting US users browse and search "hundreds of thousands" or rental units in Marketplace.

The initial roll out will include custom filters for various features like location, price, number of bedrooms and bathrooms, type of rental, pet-friendliness and square footage. Landlords will be able to upload 360-degree photos to their listings, too, which will let potential renters see rental units more completely.

"Marketplace is a popular place for people to look for a home to rent," said Facebook's Bowen Pan. "Now that we're adding listings from Apartment List and Zumper, people can search even more options in the U.S. to find a place to call home. First with vehicles and now with housing rentals, we're partnering with businesses to bring more ease and convenience for consumers."

Source: Facebook

Mark Zuckerberg is using his Facebook fortune to tackle social issues

The will-Zuckerberg-run, won't-Zuckerberg-run-for-President speculation has driven most of the news about the Facebook cofounder this year. But he, along with his wife Priscilla Chan, have been quietly funding two particular progressive agendas with their Chan Zuckerberg Initiative (CZI) on top of its wide-spanning philanthropy. The CZI has quietly given a total of $45 million to groups addressing two specific causes: ending mass incarceration and improving affordable housing.

That news was all publicly released by CZI; Vice News made sense of the multiple announcements and painted the picture of where much of that money was being directed. Most of that $45 million went to groups addressing criminal justice and housing since January 2017, and the organization is ramping up donations, including grants to nine groups in the past five weeks.

CZI officials explained to Vice News that it donates to groups who can prove they've successfully brought change by lobbying for legislation, getting ballot measures passed and influence city officials. The organization has given millions to groups that funded reform of sentencing laws for nonviolent criminals, pass laws that kept youth under 18 from being tried as adults and influenced NYC Mayor Bill de Blasio to announce the closing of Riker's Island. In Facebook's backyard, the CZI has given a grant to UC Berkeley's Terner Center for Housing Innovation and invested $5 million in the Y Combinator startup Landed that helps line up affordable housing for teachers.

While the Chan Zuckerberg Initiative has similarly philanthropic goals as the Bill and Melinda Gates foundation, the CZI is a limited liability company (LLC), a private firm, instead of a non-profit. That means it has less regulation on where it lends its money, but also no requirement to say where its money is going, who it's doing business with or how it's influencing politics. What we know about its donations is what the CZI has chosen to disclose.

Airbnb plans five more complexes after its first Florida apartments

A new report from Financial Times confirms last month's rumors that Airbnb will launch a new apartment complex in Florida in partnership with a real estate firm. The rental company plans to pitch the location as prime opportunity for seasonal tenants who will be able to rent their units out for up to 180 days a year.

Real estate developer Newgard Development Group will construct the 300-unit building located in Kissimmee, Florida and open it next year. Located just south of Orlando, the complex will be poised to lure tourists and workers away from hotels, which is the ultimate goal of the venture. Newgard plans to build five more such Airbnb-partnered apartment complexes amounting to 2,000 total units in the next two years, its chief executive told Financial Times.

The Kissimmee location will have keyless doors and long-term storage for tenants to more easily rent out their units while away. Hosts will use a proprietary app to organize renters and coordinate cleaning services, which are mandatory. There will also be a "master host" on-site to, presumably, supervise the location.

As for revenue, Newburg will take a 25 percent cut from each rental, Airbnb will take its usual 3 percent and the tenant will get the rest. It'll be interesting to see if Airbnb exports this model to other real estate partners in the future as it continues to try prying more business away from hotels.

Source: Financial Times