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