RentHop + Chicago = Awesome

Bulls, Bears, Fans of Ferris Bueller, we’d like to announce that RentHop is officially launching in Chicagoย today!

Nice to meet you, Windy City Hoppers. We already know what makes Chicago great (Wieners Circle, the Art Institute, ChicAGoGo), but here’s a little bit about what makes us special. RentHop doesn’t just sort your searches by price or posting date. We sort by quality.

We rank apartment listings using the HopScore, which is powered by set of sophisticated algorithms that our geeky founders cooked up. What goes into the HopScore, you ask? Here’s a quick look:

(Publicly available) Info that helps us gauge the quality, timeliness and completeness of the listing (you wouldn’t want to look at a listing without photos, right?).
+
The internal track record of the listing within RentHop (price drops, how many inquiries an apartment has received, etc.).
+
The previous behavior of the broker or landlord offering the apartment (how quickly they respond to your inquiries, for example!).
+

MIT wizardry

= HopScore

Chicago Launch

For our Chicago launch, we’ve taken the three years of data we’ve gleaned from New York City. Now, we’ve also partnered with fellow Y Combinator backed company YouGotListingsย to help seed and calibrate the initial scoring. But over time, the site will train and adapt based on usage patterns specific to Chicago searches.

Oh, and as always, RentHop is free for apartment hunters, and for a limited time, managers joining in Chicago and Boston will earn a free lifetime basic membership.

Comment here if you have questions, or tell us how we can best help you find the most awesome apartments in the Windy City.

Happy Hopping,
The RentHop Team
Editor’s Note: We updated this article to enhance readability.ย 

 

lawrence
lawrence
Lawrence part of the RentHop Data Science team with over a decade of experience in the real estate industry. In addition, he is a software developer and quantitative analyst with over 12 years of experience in software development and quantitative modeling. Lawrence merges two of his passions together to help renters across the nation with their home search.

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