L.A. Times – California’s Housing Shortage has Companies Carving Up Apartments to Lower the Rent


Read the full story, here.

“Christine Franz, Vice President of West Coast property management for Mill Creek, said Mill Creek doesn’t receive a portion of HomeShare’s fee, nor does it charge HomeShare residents extra in some other way — which is how the service operates with other landlords, Pang said.

Instead, Franz said HomeShare is attractive because it matches people with roommates and allows a broader pool of people to afford apartments, thus making it easier to fill vacant homes.

“This provides us another avenue for a market we haven’t really tapped into,” she said.”