U.S. landlords who use RealPage products to set prices on rental apartments are facing accusations of collusion.
  • A group of lawsuits accuse large landlords of price-fixing the market rate of rent in the United States
  • A complaint filed by Washington D.C.’s Attorney General alleges 14 landlords in the district are sharing competitively sensitive data through RealPage, a real estate software provider
  • RealPage recommends prices for roughly 4.5 million housing units in the United States
  • RealPage told CNBC that its landlord customers are under no obligation to take their price suggestions

A group of renters in the U.S. say their landlords are using software to deliver inflated rent hikes.

“We’ve been told as tenants by employees of Equity that the software takes empathy out of the equation. So they can charge whatever the software tells them to charge,” said Kevin Weller, a tenant at Portside Towers since 2021.

Tenants say the management started to increase prices substantially after giving renters concessions during the Covid-19 pandemic.

  • ZombiFrancis@sh.itjust.works
    13·
    11 months ago

    My (former) job did that. The firm they hired just flst out omitted every regional job equivalent that paid higher, and kept their scope narrowed to places that paid at least $10k less a year. They then recommended pay cuts everywhere, which mostly amounted to cutting enough labor costs just enough to pay for the contract that did the research.

    I took it as a sign to start applying elsewhere: glad I did.